trendie
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I seem to wander about these boards, arbitrarily posting on other peoples threads, messing up their flow. I believe the term is "thread tart". 
So, I thought I should start my own journal, and show some of my trades, and the mechanism behind them.
Much as I have tried to stay away from T2W, I keep getting drawn back, so I might as well make it formal, and perhaps be useful to other traders, if only to show how not to trade!
My inspiration is Vacos and Leovirgos threads, showing how they go about analysing a trade, taking the trade, then managing it.
Vacos thread;
http://www.trade2win.com/boards/forex-discussion/85722-cable-2010-a.html
Leovirgos thread;
http://www.trade2win.com/boards/forex-discussion/75186-forex-trading-live-calls-set-ups.html
My overriding method is the pullback. I hope to illustrate this magical technique in the coming days and weeks.
EDIT:
To provide context, I prefer to trade mostly GBPUSD (GU), and EURJPY (EJ), and DAX.
I trade the Euro session, approx between 7am-1pm, and the US session, 1-2pm-5pm.
I don't want to scalp, so my indicator settings are designed to take a good chunk out of a session; I currently aim for about 60-pips a trade, for a risk of 20-25 pips. (although, I will, if required, bail out after +30/35).
2 consecutive losses, and I am out until the next session.
My purpose is to get a good balance between;
1: identifying the sessional direction, and staying with it, and not getting whipped/staying out if its choppy
2: achievable daily/session targets against the known average range of a session
3: taking the clear entry, but also having the option for re-entry if I miss the first move.
4: a good balance between risk and reward.
So, I thought I should start my own journal, and show some of my trades, and the mechanism behind them.
Much as I have tried to stay away from T2W, I keep getting drawn back, so I might as well make it formal, and perhaps be useful to other traders, if only to show how not to trade!
My inspiration is Vacos and Leovirgos threads, showing how they go about analysing a trade, taking the trade, then managing it.
Vacos thread;
http://www.trade2win.com/boards/forex-discussion/85722-cable-2010-a.html
Leovirgos thread;
http://www.trade2win.com/boards/forex-discussion/75186-forex-trading-live-calls-set-ups.html
My overriding method is the pullback. I hope to illustrate this magical technique in the coming days and weeks.
EDIT:
To provide context, I prefer to trade mostly GBPUSD (GU), and EURJPY (EJ), and DAX.
I trade the Euro session, approx between 7am-1pm, and the US session, 1-2pm-5pm.
I don't want to scalp, so my indicator settings are designed to take a good chunk out of a session; I currently aim for about 60-pips a trade, for a risk of 20-25 pips. (although, I will, if required, bail out after +30/35).
2 consecutive losses, and I am out until the next session.
My purpose is to get a good balance between;
1: identifying the sessional direction, and staying with it, and not getting whipped/staying out if its choppy
2: achievable daily/session targets against the known average range of a session
3: taking the clear entry, but also having the option for re-entry if I miss the first move.
4: a good balance between risk and reward.
Last edited:
