Finally giving it (another) go

[Edinburgh Trader]

Took him nearly 4 years to come up with that pearl of wisdom!

 

[Sonicscooter]

I don't think your going to do well.

Well that's encouragement................your first post and it's a stupid one.....well done.

 

[Sonicscooter]

 

[itspossible]

:idea:A dorment troll account methinks

 

[Sonicscooter]

:idea:A dorment troll account methinks

Maybe, it also surprises me how many members are logged on at any time and have their profile switched so it seems they are offline.......weird really, what is the point.

 

[itspossible]

^Lol forums are indeed strange places

 

[nitrader]

Hi ET

I really enjoy reading YOUR thread.

 

[Edinburgh Trader]

Hi ET

I really enjoy reading YOUR thread.

Thanks nitrader
I'm learning that there are some strange folk on here. That said, I think I've also received some really sound advice and some good support, so it's proving to be a really valuable place for me.

The point of me posting here was hopefully some more experienced traders would help me out.along the way, and that is happening. I'm now reviewing how I exit trades, and Friday was a perfect example. I made 2 trades all day. Both winners. Previously I think I would have exited both at around 1:1 and been happy. However, thanks to some of the guys on here I exited both at 1:6.
Also, I've started thinking about my strategy and the fact that it will only work in trending markets. All very useful stuff.
As for some of the arguing that goes on........I've got a nine year old son, so it's all very familiar!

 

[nitrader]

ET

I am also in the learning stage but am trend trading shares and not FX.

It is very encouraging to see other people who are appearing to make progress - whilst at the same
time understanding there is no Holy Grail and that a strategy may have to change.
Winning may not last but hats off for having the balls to try it and post it!

Keep it up! I look forward to reading your daily updates.

 

[Edinburgh Trader]

Gbpusd looks to be trying to push higher, but I'm not seeing much strength in it yet

 

[Edinburgh Trader]

Gbpusd looks to be trying to push higher, but I'm not seeing much strength in it yet

We had 3 attempts to push higher but it seems not to be happening. I'm short, with stop above the recent highs

 

[Edinburgh Trader]

Stop moved to 1.598, now quite breakeven

 

[Edinburgh Trader]

Not quite break even that should have been!

 

[Edinburgh Trader]

Probably worth a quick note to explain one of the ways I am using the cci and macd histogram. Look at the chart on gbpusd. Around 6:50 we pushed higher, and then made 2 more attempts in the next 40 minutes. The cci making noticeably lower highs and the macd histogram was neutral to negative.
Rather than expecting a break out higher it let me think that there was no strength and I was expecting it to fail. For the time being at least.

 

[Forexmospherian]

Morning ET

GU went back to scalp buy after 8 30 am and 5964 area

Trouble is needs over 82/3 to hold scalp buys on longer - otherwise a range of only say 15 -18 pips

Yes under 63 and 58 sells - but over 82 buys

 

[Edinburgh Trader]

Stopped out for a small loss

 

[lexcorp]

Kudos for making actual REAL TIME/clear calls, ET. win or lose.

 

[Edinburgh Trader]

Kudos for making actual REAL TIME/clear calls, ET. win or lose.

Fighting the urge to sell the day right now.
Previous pin bar would be a close stop.
It's not a proper signal yet though!

 

[itspossible]

Take it nice and easy-good luck

 

[Edinburgh Trader]

Fighting the urge to sell the day right now.
Previous pin bar would be a close stop.
It's not a proper signal yet though!

Slightly frustrating as the dax. Has moved in my direction. Hopefully as confidence grows I'll take these trades, rather than just post them!