My Forex Journal

Thank you Turveyd for having some class and waiting to see what I have to offer.

 

I expected the blast from some cause I am very high ranked on another "not so liberal" forex forum and see this all the time to newbies that come in. I even thought about not putting up a pic of that demo... but then again since I will be calling the trades live the smart ones that know about trading will see if I know how to trade or not.... maybe I will be a disaster and screw all things up...who knows
But like I see Baron is on top of the game here. I am happy to be here.

 

It is ok..... thank you...I will continue from here

 

So here is the indicator I use to size the trades, it works on the mt4 platform.

 

Here is an example of a trade I took last week, like I said I swing trade so my trades can last form intraday to 3-4 days. I target moves from 120pips to 350pips + . I use a 1:1 R:R. So if my target/profit is 350 pips (on some pairs that have a high daily range) than my risk is also 350 pips, but like I mentioned I use the indicator above to size it so it will have the same risk like the trade below on NAZCAD that I took last week, witch its stop was 120 pips.

 

I do not trade of 1 chart... for my risk I use another setup witch if it indicates weakness in the pair and there is a chance it will reverse I will cut it short and take the profit, like I did in NZDCAD, or cut it short and limit the loss.

 

For the accuracy of the trades anyone that has traded also knows that when you target 150pips .... 300pips... 80 pips.... demo or live does not make a difference if the trader has mastered his emotions....it is all patience... when you are scalping it makes a big one.

 

Here is a losing trade that I chopped early on Friday cause I did not like the price action.
I always try to close all my positions over the weekends, it is very rare I will keep anything open.

 

Rule #1 never start a thread like this at a weekend, too many bored traders LOL

As a scalper I agree with above, so much so I'm having to become less of a scalper

Bummer on losing your job man