Finally giving it (another) go

[Edinburgh Trader]

Watching EURUSD pretty closely at the minute

 

[Sonicscooter]

Good luck, but please don't keep jumping from one strategy to another, find one you feel happy with that reflects your personality and test it........yes it's boring testing but it's the only way to go.

Kind regards, Shane.............

 

[Splitlink]

You won't be able to keep the posting frequency up.

 

[Edinburgh Trader]

Buy EURUSD with an 8 point stop

 

[Edinburgh Trader]

Spitlink - you are right...........
Call it newbie enthusiasm!

 

[Edinburgh Trader]

Euro not exactly taking off!

 

[Edinburgh Trader]

There we go, a nice 20 point profit for 8 points risked!

 

[Edinburgh Trader]

Still somewhat annoying seeing the earlier gbp position would now be 40 points in profit!

Lunch has been earned!

 

[mike.]

Ok, stop now before you loose a bucket full of cash, your bouncing around from forex to indices to gold, it looks like your just making wild punts, there is much more to trading than this but it will not come overnight, go back to demo and devise a strategy that works for you and you only. Nobody is saying its easy. But it is doable. Good luck.

 

[Edinburgh Trader]

Fair point Mike.
In my defensive, I have a list of about 8 things on my watchlist, and I'm trading from technical signals.
To me (and I may well be wrong) a chart is a chart.
I'll definitely take all advice on board, that's exactly why I'm here.

 

[Sonicscooter]

Fair point Mike.
In my defensive, I have a list of about 8 things on my watchlist, and I'm trading from technical signals.
To me (and I may well be wrong) a chart is a chart.
I'll definitely take all advice on board, that's exactly why I'm here.

Sh1t.....no, everything trades differently, FTSE likes me, DAX is a B1tch on heat.


Mike will have his own tales, so will everyone else.

 

[Edinburgh Trader]

I will definitely take the advice on board, thanks Mike and Sonic.

At this stage in my trading I am yet to discover which markets I'm "best" at.

My preference is for currencies, but I could well be wrong. I anticipate that in time I will discover which markets like me best!

 

[Edinburgh Trader]

Sat here watching.
Not a huge amount happening at the minute.
Watching the GBPUSD........ a wee rise I could get interested

 

[Edinburgh Trader]

Bought GBPUSD at 1.6331.
Stop 18 pips away

 

[Edinburgh Trader]

Quickly going against me this one.
Obviously this will happen.
My view of success in the early days will be did I execute the trade correctly, according to my plan?

I will not review now, I will review at the end of my day

 

[Edinburgh Trader]

Stopped out.....never in profit for even a second!

 

[Edinburgh Trader]

Probably worth saying at this point that the way I trading is that I am risking the same monetary amount on each trade. So, so far today I've had a breakeven, a winning trade which was 2.5 times risk, and a loser.
I'm not necessarily looking at the number of pips that I win, more the risk versus the reward. Does that make sense???

 

[Edinburgh Trader]

Giving the GBPUSD another try.
Bought at 1.6326

 

[Pat494]

Probably worth saying at this point that the way I trading is that I am risking the same monetary amount on each trade. So, so far today I've had a breakeven, a winning trade which was 2.5 times risk, and a loser.
I'm not necessarily looking at the number of pips that I win, more the risk versus the reward. Does that make sense???

It all comes down to how much profit or loss you make. And that may be 2 winners v. 1 loser to break even.

 

[Edinburgh Trader]

Heading south (again!)
If this gets stopped out i'll probably call it a day and take a small loss for the day!

My money management is pretty sensible, so I'll leave for a few days yet!