Hi guys, I am sure this is nothing for you, but I am pretty excited. With all the information I was reading here, in made 2 small trades in my Oanda demo account while at work (I hope they do not notice), and made 10 pips! Anyway, thank you all for all your great advice....
You have got the bug....now your in reeeaaaall trouble congrats... would you care to discuss the premise for your entries and exits..? Michael B.
Thanks Michael. Yes I have the bug now.. To be fair, I also made a bad sell trade, and lost 2 pips, coz I kept moving my S/L up, so I would not lose out too much. I have been reading this pdf, where the guy explains how to add certain indicators (macd, parabolic sar, ma, stochastik), and based on that I entered trades. I keep playing between all the different time frames, and when they seem to have an up momentum, I just go for it... One of those I also entered as a limit buy, trying to 'forecast' where it will go.... I am sure you guys I laughing hard, but even with the demo account, I could feel my heart in my throat!. Now if I would just understand those different indicators a little better.....
BTW, I just entered a new one, thinking there is an up movement according to macd and ma. EURUSD : Bought at 1.2721 S/L at 1.2716 Profit at 1.2726 I know, this is very small, and if I think it will move up more, I might adjust.....
Well your experimenting. This time is just as important as real money and don't forget it. Your brackets are a little tight for the volatilty this instrument provides. but this is the slow time and your trade may last more than 4 seconds!
Hey, my little trade worked out again....I can't believe it. Of course now I am thinking that I should have stayed on the trend, and I could have made 30 pips instead of 15....Anyway, I guess I just lucked out. Which currency pair do you suggest? What are your favorites, and why?