Startup trading.

[reversalTrader]

brought the stop to 1.2354 and this is what i am willing to loose in case i am stopped out.

 

[Atilla]

have decided to trade just EURUSD-GBPUSD-USDCHF and USDJPY

If you are new to trading then trade those instruments which have the smallest spread.

Technical Analysis is the same no matter what you trade. Although different markets will all have different attributes but the TA remains the same.

 

[reversalTrader]

agreed TA remains same and spread should be as little as possible also i am not into trading every day since the mathematical model i developed and now applying will not provide trade every day i am just choosing the pairs which i believe has more volatility

regards

 

[reversalTrader]

Actually i am into researching more currencies as well as some crosses i am testing those in demo account along with audusd and usdcad from now ...
unless i make up with good ratio i dont want to yet include them in my live account.

 

[reversalTrader]

i have shorted usdchf @ 1.2361 sl 1.2385 tp @ open,
closed usdchf @ 1.2359 for -11 pips

 

[reversalTrader]

closed usdchf @ 1.2362 .-4
. confused here loosing for nothing so i am staying away

 

[reversalTrader]

went long usdchf @ 1.2364 sl 1.2330 tp @ open

 

[Atilla]

closed usdchf @ 1.2362 .-4
. confused here loosing for nothing so i am staying away

I can't help thinking you are over trading.

Why not paper trade or trade on a demo account.

Compare your notes to these guys.

Don't trade for couple of weeks. Read and and follow your trades as if you had placed them and see what follows.

 

[reversalTrader]

attila thanks for your concern i am fine with this

 

[reversalTrader]

went long usdchf @ 1.2364 sl 1.2330 tp @ open

I am expecting 1.2312 has marked the low for this week and usdchf is going for 1.2400-1.2430-1.2450