Adventures of a Trader 2

Welcome back! . It's been 10 months sinse my last journal

post from my old journal Adventures of a new trader

, and I've returned to start a new journal focused on Forex. I

dont have much in this real money account ( but i paper trade

too), so I want to put this out right now:

1. I know stops may be too big for my acct size (usually 30-50 pips) This generates big % swings, but I cant do much about it right now. No, I'm not going to stop trading.

2. I know risk/reward ratio my not always be a perfect 1:3. If the setups are successful, thats all that matters

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My Method

I'll be placing my trades off trend line analysis, as well as

fibs. . I wont trade the day OF news, because of the volatile,

and unpredictable movements, unless its a scalp for 30-100

pips. 50% of my trades are intraday, and 50% are swings..this

is unintentional as the holding time for my trades is really

unlimited. There will be three types of trades I will be

making, and they are simple in nature:

* Trend following - buy/sell.. short/cover off trend lines
* Breakout/ Retracement - Wait for a 30-50% retrace before entry
* Scalping News - long/short from important economic news releases.

Because the markets are 24hrs a day, I might not post my PnL everyday.

CM69

 

cash kido I will PM you

you are not moving in the right direction over time

 

Forgot to add from my last post that I'll also be trading overbought/ oversold levels.

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Forecast for the week

Short:

GBP/USD
EUR/USD

 

.

 

And how would u know Mr. I registered May '08 ? You another poster w/ 10 different handles ?

 

Here is where I stand right now before trading starts this

sunday afternoon. There should be 3 tabs in the excel document

I've posted.

News releases this week:

sun --> NZD trade balance

mon --> NZD inflation expectations

tues --> USD new homes sales

wed --> USD durable goods orders

thurs --> GBP Nationwide house prices
--> USD prelim gdp
--> NZD building consents
--> bernanke speaks
fri --> CAD gdp

 

LONG 1 AUD/JPY @ 99.15
STOP 99
TARGET: 99.3

Retracement to 31.8%

 

out a/j 99.23
+8 gain
- 3 spread

PnL +5.00

 

You can run but you can't hide.

You are the same lunatic who changes nicknames every several days but keeps the same personality over and over again.

Your writing and stupidity gives you away, "cold".

NN

 

only reason I got new name is cause MODS kicked me for joining anti SCT group

but since you called me stupid, that means you are stupid, you are not taking advantage of wisdom I offer