hello, everybody. i am from china. i started trading FX from 2013 but still losing money. So i dont think it's wise to put a lot of meney into my accout. Let me start with 0.01 lot. i post this thread just to record my trade.
i trade over 30min chart. i try to be a trend trader. Once i begin a trade i dont exit until the stoploss is reached.
i will try to post all my trades here in time simply by screencaptured photos.
Good luck to everyone here.
i trade over 30min chart. i try to be a trend trader. Once i begin a trade i dont exit until the stoploss is reached.
i will try to post all my trades here in time simply by screencaptured photos.
Good luck to everyone here.
options-george
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Hello there! Just wanted to say that I think it's a great idea that you keep position sizes small until your results improve. It protects your trading capital
Also a good idea about your record-keeping - I do a lot of record-keeping too, and it helps me a lot for reviewing and improving things.
Good luck!
Thank you for your encouragement and suggestion.Hello there! Just wanted to say that I think it's a great idea that you keep position sizes small until your results improve. It protects your trading capital
Also a good idea about your record-keeping - I do a lot of record-keeping too, and it helps me a lot for reviewing and improving things.
Good luck!
I did 8 trades yesterday, and the result is a loss of 63 pips. 4 break even, 3 lost, 1 won. i want to upload the chart of each trade which show the place where i enter the market and where i exit,but that will take me some time. i will do this later.
i tried to catch the trend ,but the obvious trend did not appear, that's why 4 trades exited break even after they had once had gained some loating profit from 15 to 30 pips.
Let my try to explain my conservative strategy. i usually begin my original positon with a stoploss less than 40 pips. and i move the stopless to break even once i have a floating profit of 15-20 pips,that will ensure me not to lose money on this trade. i will open an opposite position to lock up the floating profit if i find something indicates that there will be a retrace. If there really is a retrace, i will close the opposite position somewhere near the end of the retrace and keep the first position.And after that, I may open the second postion if I think the price will continue to move profitably. I will repeat the loop of openning new position, locking up floating profit, closing the lock-up position, moving stoploss ,etc. until the trend changes its direction to wipe my original postion off.
I hope that I've made it clear and you can understand what I try to tell. I am sorry for the grammar mistakes since English is not my native language. Any discussion,idea and suggestion are welcomed.
well, NZDUSD was stopped out this morning @0.65561, -26.5pips
close the "long EURGBP @0.70748 " positon at 0.70921, and move the stoploss of the "short [email protected]" to 0.7105;
short another 0.01 lot EURGBP at 0.70921 to double my positon, stoploss at 0.7100
close the "long EURGBP @0.70748 " positon at 0.70921, and move the stoploss of the "short [email protected]" to 0.7105;
short another 0.01 lot EURGBP at 0.70921 to double my positon, stoploss at 0.7100
Hello,Fugazsy!
Thank you for your suggestion. I have to say this is truely a good suggestion for a newbie, especially for the one who is not capable of making profit from the market. But I also have some reasons to trade more currency pairs. Fisrt, I am not a scalpler which means I don't have to keep my eyes on the price every minute. I try to be a trend trader on the 30 min chart. I only check the price now and then, i.e. about 20-60 minutes a time. Second, the way I trade allow me to keep track of more currency pairs, and I hope to find more and better chances by doing this . As for the higher spread, since I trade in small scale and I try to hold the position as long as the trend last, so I dont pay much attention to it. Anyway ,I will apply a new account for lower spread.
I hope you can understand what I say inspite of some grammer mistakes
\Regards
Hello,Fugazsy!
Thank you for your suggestion. I have to say this is truely a good suggestion for a newbie, especially for the one who is not capable of making profit from the market. But I also have some reasons to trade more currency pairs. Fisrt, I am not a scalpler which means I don't have to keep my eyes on the price every minute. I try to be a trend trader on the 30 min chart. I only check the price now and then, i.e. about 20-60 minutes a time. Second, the way I trade allow me to keep track of more currency pairs, and I hope to find more and better chances by doing this . As for the higher spread, since I trade in small scale and I try to hold the position as long as the trend last, so I dont pay much attention to it. Anyway ,I will apply a new account for lower spread.
I hope you can understand what I say inspite of some grammer mistakes
Regards
Your English is better than mine.
I like 30m TF, I use it a lot. You do not need to scalp to make good money.
We all need to find a way that make sense to ourself.
Be good.
Fugs.
