Baruch's Forex System Journal

Yes, we need SL. But why not do like TRADERguy: Only take a 10 pips loss as maximum?

 

Baruch,


Virgin Trade, That is what i want to do today!!

I have my Live Account.

All i wanted to know was will the currencies jump back to where they have jumped from?

I am looking for selling or buying signals using your technique.
I cant seem to find any!!

JUst asking for an opinion, What do you reckon my virgin trade should be on.

Appreciate the help,

Thanks

 

Chaw,

I would love to help you get a lot of pips, but it's more important that YOU (and not me or our friends here) make the decisions. I hope you are trading on a demo - or with one dollar at Oanda. Make your own trades, place your own stops - and take your own losses and own profits.
Read what other traders write here - but you learn nothing by trading tips. You can also buy trading books, but if you read this whole thread you will learn a lot.

 

Thanks

 

You are welcome. We all started like you - as newbies. Start trading with a demo. You can get one free from all brokers. Start trading trying to "double" your money. You will learn a lot, you will start to get your trading style - and the most important: You will get CONFIDENCE in yourself and your own decisions.

 

I think we all could like to learn more about your system. I don't hope you will keep it a secret...

 

Sorry to hear that, Steve. But why not make a small s/l stop? If you lose e.g. 10 pips, so what? I suppose a small stop will make your more trigger-happy?

 

Hi Baruch,

Would you have any sort re-entry method to handle instances like the one nycderivtrader experienced? Thanks.

Kermit

 

The problem with that, I've been finding, is two fold: 1) That doesn't allow much wiggle room; 2) The times that a 10pip s/l could be feasible (for me) is when there's already a strong move going on, and pyschologically, I have a hard time taking those kinds of trades. I always worry I'll get in as it fades. Really, the inability to pull the trigger has been more about me not trusting myself. Each day, I become more confident in my methodology; it's just a matter of time before I get things figured out and carve out my niche.

 

Hello Gang!

Any potential trades for the 25th May??

Point a beginner in the right direction!!

Cheers!

Thank you.