I'm back. Hopefully better and more realistic.

Discussion in 'Journals' started by farmerjohn1324, Mar 5, 2021.

  1. billv

    billv

    #71     Mar 10, 2021
  2. #72     Mar 10, 2021
  3. In this case, it was reading that the outlook on USD has considerably improved in recent days. The previous NFP far exceeded expectations. Core inflation is picking up. There was a bond auction recently that had very low demand.

    Although the data today didn't help.
     
    Last edited: Mar 10, 2021
    #73     Mar 10, 2021
  4. easymon1

    easymon1

    You'll do fine.
    What triggers a buy or a sell to open?
     
    #74     Mar 10, 2021
  5. billv

    billv

    Observation 1: Some of your positions closed on low margin so you are over-trading for your account size
    Observation 2 : your account was up 15% in a very short period of time so you are over-trading for your account size
    Observation 3: your account was up 15% but you didn't close any trades and you even allowed your trades to go -ve
    Observation 4: You don't seem to have a plan for the possibility of price moving against you and damaging your account. When you trade large size, any sudden spike can kill your account.

    Conclusion: You don't have a complete trading plan, keep working on it.

    I will stop posting here because I don't have time to be involved.
    Good luck with your trading.
     
    #75     Mar 10, 2021
  6. easymon1

    easymon1

    FJ, what timeframe charts do you like to trade?
     
    #76     Mar 10, 2021
  7. Ok. Well you don't have to respond, but others might...

    When my EUR/USD trade was at its best (15%), it had only gone .00843 in my favor. It reached a low that day of 1.18355. At one point, Input a TP at 1.18, but even that I thought of quitting while ahead and not seeing things long-term.
     
    #77     Mar 10, 2021
  8. Long-term. I'm looking for eurusd to decline somewhere around here before I sell.
     
    #78     Mar 10, 2021
  9. Daily.

    Although I don't mind zooming in closer around news/data releases.
     
    #79     Mar 10, 2021
  10. easymon1

    easymon1

    What hold times do you like to be in a trade?

    So you have any screenshots of trades from the past that you liked?
     
    #80     Mar 10, 2021