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Chikot
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"Just Oil"
in
Experienced Traders
Jun 12, 2012 at 21:41
btw, Steve,m are you trading?
"Just Oil"
in
Experienced Traders
Jun 12, 2012 at 21:40
Hi Steve, too early to celebrate. I made a couple of mistakes, should have been much more pips. closed eur/aud short thinking stop would be hit and aud/cad long by mistakle when tried to close part of the trade closed everything. someone told me i should let the market take me out and let things be.I am going to trade this method live soon and swing too. swinging not going too well. i guess because I do not have back bone like for second method.
"Just Oil"
in
Experienced Traders
Jun 10, 2012 at 19:14
Seeing markets move took partial profits on G/A and G/Chf shorts and moved stops locking more profits on Trend following account and closed completely Eur/Aud short seeing that Eur is going up. stop would have been hit anyway I think. on 4H swing account stops most probably will be triggered. Spain.Now watching few more pairs for entries. would be stupid to jump at the worst price.
"Just Oil"
in
Experienced Traders
Jun 09, 2012 at 14:49
Despite bad job news from US I still think that Eur is in far worse shape, hence I was looking for reversal and trades were based on daily trend which is still down. I was up to 130 pips in profit on all 3 pairs but target is around 200 pips on all. Gotta have acceptable R:R. I saw it but did not take profits. With more time available I do not think I will miss any good signals or let risk become too much as I am not shy to trigger the trade when it is along my lines.Aud based pairs I am looking for trend reversal hence did not short it. It looks like the trend is reversing for Aud based pairs...
"Just Oil"
in
Experienced Traders
Jun 07, 2012 at 16:45
otherwise mentally, losses being cut and profits let to run. patience and calmness is a key.
"Just Oil"
in
Experienced Traders
Jun 07, 2012 at 16:43
Actually, it is missing 2 trades set me for mistakes. but overall I need a couple of simple rules to avoid taking trades against market sentiment and I need more time. i am going to go live in July regardless.
"Just Oil"
in
Experienced Traders
Jun 07, 2012 at 16:32
Steve, no mental issues. Just mistakes. been relying too much on daily chart expecting further drop and I still think it is going to drop. I need to point that my balance on MT4 is only $520 that I trade now. I cannot take proper sized positions... it is nothing as when i start trading live from Oanda I will risk 0.5% on 4H swing trades. here I need to put reasonable stops but minimum size is still $0.01. You see the point. also, you are watching only one account, another one, long term trend following on daily is doing fine, but that strategy has set of rules which I follow. 4H swing is too ...
"Just Oil"
in
Experienced Traders
Jun 05, 2012 at 08:48
Ouch. should have got up earlier.
"Just Oil"
in
Experienced Traders
Jun 02, 2012 at 00:32
Ok, as only one month has left before I go live again I decided to start posting my demo trading to add some hit to myself. I am not day trading as I have no time and I am not going to day trade when i go live. One account I trade from 4H charts with an eye on daily/weekly charts as well and second I am learning to trend trade and make speculative trades from daily charts. First account everything is clear I have target in most cases 2:1 R:R and I am mostly trade 4 pairs: E/U, G/U, A/U and E/J. Second long term account I am learning and watching 10+ pairs. The most important is how to exit pro...
"Just Oil"
in
Experienced Traders
May 26, 2012 at 00:00
gotta be ready for chop chop aka. whipsaw too.
"Just Oil"
in
Experienced Traders
May 25, 2012 at 16:53
Things are going not so bad. I am positive so far but mistakes caused account to go up and down and I should not have taken about half of losing trades cause signals was not there yet. was right directionally but wrong with timing. anyway, because I was following my rules I finally got on this last big move down. closed 2 trades out of 4 too early which cut profit by 5%. all trades went to target 100+ pips. I am in preparation mode. The most important now is to stay away until I see that tide is reversing to move again with a trend. i trade only along the trend unless I have 3 very strong indi...
"Xenon" System, trading with 1min Chart.
in
Experienced Traders
May 19, 2012 at 16:31
Steve, after you made your goal. close PC , walk away and go and smell flowers. You do not have to trade 24 hours a day. Find something else to do.
"Just Oil"
in
Experienced Traders
May 19, 2012 at 16:28
The time is drawing near. I keep demo trading swing trading only from 4H. So far so good. The first time ever I am going somewhere with positive results trading longer term not day trading. Just learned that Oanda again can be connected to myfxbook. so, most probably I am going back to Oanda as it provides good money management possibilities for my account size unlike MT4 brokers. For example. Minimum size is $0.01 on MT4. when i trade e/u , a/u or g/u it might be no problem, also stops might differ. But when i take E/J trade not only stop tends to be considerably bigger but pair is also more ...
"Just Oil"
in
Experienced Traders
Apr 28, 2012 at 09:39
keep watching and trade when can. do it however form 4 h charts when I can. 2 months left.
"Xenon" System, trading with 1min Chart.
in
Experienced Traders
Apr 28, 2012 at 09:36
you know, I find 5 min charts atrocious now. currencies look like some kind of stocks with very high volume and low volatility. can watch price moving up down 1-3 pips for an hour before something happens. e/u is in very small range. i wonder when the break will come. so, you are on 5 min or higher?
How to take this Price Action Pin Bar(Part 1)
in
Experienced Traders
Apr 28, 2012 at 09:32
BTW, pin bar is no longer viable in this case. next candle broke pin's low and it's high was not broken so it is not a pin.on the other hand support to the left which next candle failed to break. may be going long after that support hold? also, what higher time frame says? it is gold so I am not sure never watch it.
"Just Oil"
in
Experienced Traders
Apr 12, 2012 at 17:25
the one who told this doing very well.what he meant is that trader should not give up but work on his trading and mental state.
"Just Oil"
in
Experienced Traders
Apr 12, 2012 at 16:19
Steve, it refers to trader developing like a trader and not giving up despite on set backs. it is not about markets... it is about trader's mind.
"Just Oil"
in
Experienced Traders
Apr 12, 2012 at 08:57
I like these words: "Consistently successful people in any venture don’t have any secret that keeps them going except that they have learned to use their will power to get what they want. From will power comes perseverance, the doggedness to use your mind in any way to achieve your goals and not give up. Never give up. The same thing that got you back on your bike again after you fell down and hurt yourself when you were a kid is the same thing that is still available to you now. It’s the determination to get to that place which will make you happy. Your goal. That must be you...
"Just Oil"
in
Experienced Traders
Apr 12, 2012 at 08:15
To have successful plan its foundation should be based upon right information. something is temporary on the markets but something is permanent.
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