Hi all,
Happy and profitable new year!
I started my trading journey from scratch 18 months ago, trading Forex Head & Shoulders patterns. I did 3 months of backtesting and should have completed 3 months of paper trading, but I started live with a small account after just 1 month (and it's still a small account). I have started to see some small gains since November last year, when I (embarrassed to admit) bought Technical Analysis for Beginners and read it for the first time. I could have done with reading that sooner, lol! PPA (previous price action) is easier to decipher now.
Still doing the 9-5, unfortunately, but hopefully 2026 will be the profitable year!
I work in the trades, so I had not much knowledge of the markets regarding trading prior to 18 months ago, and I'm still getting to grips with the terminology. But small gains consistently should eventually compound, hopefully.
It’s a bit hit and miss at the moment, and I’m not letting the trades run.
A perfect example of that would have been Copper on 07/01/26, 1hr timeframe—a nice head and shoulders. I got nicely into the trade and was up approx 50% to my take profit. I thought I’d move the stop loss to lock in some gains in case it went against me overnight, and I bet 99% know what I’m going to say: it carried on down, but not before it hit my stop loss. Grrr, lesson learnt.
I just had a look on the 1hr, and yep, it went on to extend past my TP to the midpoint of the inefficient candle. 2nd TP
On the plus side, at least I have positive confirmation I must be doing something right.
Sorry, I'm rambling. I hope to be an active member with a bit of watching and learning!
John