a beginner's attempt at the pairs

Discussion in 'Forex Trading' started by big mac, Nov 15, 2016.

  1. big mac

    big mac

    I'm adding forex to my ever growing portfolio, so I'm going to take a stab at trading a few pairs in a small account set up for just this purpose. I expect to make a lot of mistakes and invite anyone to comment, criticize, and praise as they see fit. All are welcome here.
     
    victorycountry likes this.
  2. big mac

    big mac

    My focus will be on 3 pairs for the near future because that's all the screen space I can spare for the moment. (I trade eminis too, and dabble in oil occasionally)

    EUR/USD
    USD/CAD
    USD/JPY

    I picked those for the reason they seem to have a lot of movement 24/5. I'm up for considered suggestions though should anyone have advice.

    As I said, this thread is open to all, I'm a beginner in forex and any help is always appreciated.
     
    victorycountry likes this.
  3. big mac

    big mac

    I went short EUR @ 10724

    stop is 10811
     
  4. algofy

    algofy

    Why did you short the EUR @ 10724? Why is your stop 10811?
     
  5. are you using MT4 or someother platform. I would like to know your setup like leverage, lot size etc.
     
  6. I think it was better to trade USDJPY yesterday but anyway, what profit did you get? What analysis methods did you use to find the confirmations for entering the market?
     
  7. big mac

    big mac

    I feel the US markets will go higher, and since the EURO often runs the other way of the indices I shorted it. Really nothing more complicated than that.
     
    victorycountry likes this.
  8. big mac

    big mac

    I'm short still and hoping for another 100 pips or so.
     
    victorycountry likes this.
  9. big mac

    big mac

    fire off another short round EURO@10695
     
    victorycountry likes this.
  10. big mac

    big mac

    Long JPY @10909
     
    #10     Nov 16, 2016
    victorycountry likes this.