Recent content by Alexbabwa

Today I wiped my account out again. I over leveraged and I knew I shouldn't. Anyone who read this knew I shouldn't. The account size was so small I could only afford to trade one pair at a time. So I will go back to my day job and only come back if and when I have enough to allow me to trade at...

I do wish IG offered smaller lot sizes, but it is how it is. It has just gone 9pm in the UK and I have had time to reflect on the day. My analysis last night was sound as was my entry, SL and TP. It feels unlucky that I got stopped out but it wasn't luck. I was too cautious moving my SL to BE...

Stopped out. Perhaps it was too soon to move my stop to break even as the price did do what I expected. Perhaps if I hadn't doubled my stake I would of stuck to my original plan. Took a long position at 1.0753 above 740 support. SL 730. Edit: ended up taking another position at 742 with the...

SL moved to break even. PA is promising. I shall sleep easy knowing my tiny capital is no longer at risk.

My bad, I was thinking of a 120 pip move rather than how many pips I may accumulate. So 240 pips for £240. Ideally I would like £2500 just to be trading at £1 per point. This is simply not an option for me in the near future.

Opened another short position at 1.0816 SL 1.0855 Risk is £80 therefore TP is £240 or 120 pips. If fundamentals or PA indicates a strong bullish sentiment before TP is reached I will consider taking profit early. Stop will move to break even if monthly pivot is broken.

Traded Forex unsuccessfully for 2 years. Then had success on and off for 6 months before I eventually blew the account again. Almost every time I blew an account it was because my emotions got the better of me, usually resulting in a revenge trade. It has been 2 years since then and I have...

I have read up a little on 4pma and only know that it involves dynamic fib levels and is a popular indicator with MT4. Does anyone know where i can find a full explanation of this method? or if it it possible to get this setup on a chart other than metatrader (such as igindex)? I have googled...

can i ask what MR1/2 and WP is?

stopped

above daily S1 at 80

short cable 67 clear break of the 680 support and elliot wave number 4

long 61 cable 55 is weekly pivot that has proven itself this week stopped out at 51 -10. I feel i should have known better since elliot wave and long time frame trend lines suggested a sell off

out +25 at 795. Only half stakes though so about 12.5 pips

short 820 cable half stakes. Looking to fill the rest just under 60 given the opportunity