Finally giving it (another) go

Edinburgh Trader

Well-known member
261 24
Hi all,
The purpose of me starting this thread is to become a better trader.
I'm going to post my trades on here and will let you know how I trade.
I am no guru, and my no means an expert trader, so please don't copy my trades!
I'm hoping that by posting here some of the more experienced members may wish to comment and help me along my journey.
 

Edinburgh Trader

Well-known member
261 24
My story I guess is very familiar.
I've been trading on and off for years.
I've tried just about every system out there, and never had CONSISTANT success.
I've had good wins, and big losses. I've tried all sorts of things and jumped from one system to another.
I have now taken 2 months off work to try and trade full time. I have no illusions that I will end up been a full time trader at the end of those two months, but because I an a contractor I have managed to find a two month window to dedicate myself to trading.
 
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Edinburgh Trader

Well-known member
261 24
In the past I've tried delta, the market matrix etc, and as much I found these truly fascinating I simply couldn't make consistent profits from using these methods.
Knowledge wise, I would say I'm reasonably clued up on technical analysis, but no expert.
I will be trading off a five minute chart, with direction coming from the hourly chart.
Essentially I will be keeping it simple. Trading in the direction of the hourly chart, entries taken on the 5 minute and stops to be pretty tight (10-20 points)
 

Edinburgh Trader

Well-known member
261 24
We are bouncing around, and starting to wonder if I should have waited for price to go the the round number of 1.63 first???
 

Edinburgh Trader

Well-known member
261 24
Ideally I was looking for 1.6320 when I entered. Please bare with me as I've never tried to post live!
 

Edinburgh Trader

Well-known member
261 24
Slowly coming back to break even.

Its at times like this I wonder if the stop to breakeven is a good idea or not?

That said, I was 10 points in profit when I moved it and I only risked 10 points, so seemed reasonable to me?
 
 
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