I was quite happily following this brief journal until you decided to stop. I'm not a FX trader but found it quite interesting, engaging even. Please continue if you wish! A bit more info on your setups amd triggers would be a good start... Zzoom.
Thanks for the feedback, as it really gives me more confidence in my trading and being optimistic is something you really need when you are trading. I started out trading stocks for 4 months without previous education, but I found it too lame as I only got about 7% in return every week. Everyone really ought to switch to forex, as it is more liquidate,trends better and best of all, offer you insane leverage. You need money to make money, and that is exactly what leverage gives you. So instead of giving further signal recommendations, I will give advice that really matters, and not just ranting because everytime I see someone giving advice to some one else, Im 100% sure it is taken from a book. Well, I started out with forex 2 weeks ago, without having read a single book, or any knowledge about techniqal indicators. If most people who are trading are losing money, and most people read books, I figured these books most be useless. So obviosly you have to take a different approach. 99% of all people are not wealthy, and 99% go to college. The wealthy ones are those that have taken risks, to open a company or something similiar. The same applies to forex that one should not succumb himself to do what everyone else is doing, but take his own lonely walk to the stars. What really matters is real life experience. If you just read books about martial arts, you want be good at it when the real deal comes and someone wants to fight you. What is really important, is that you dont read any books that can hamper your perception and outlook so that your actions are based on books, but rather it should be based on real life experiences and what works for you in the market. Well im getting better and better, and lately Im averaging about 80 pips a day with very consistent profits and very tight stops, that allows me to trade about 30% of my money on a single trade, so I think that Im good evidence that what Im saying is not bullshit. Because I promised to show ElictricSavant, that noobs can have a knack from the very beginning by starting this journal, and if I wasnt confident about my consistency I would never even think about doing this, but rather keep on boasting, like scalpz. I sincerely hope I helped a lot of people now, to realize what really matters, and everything Ive been saying is what I really and sincerely believe in, and Im confident that people that follow my advice will be on the right path
80 pips/day sure is better than a paltry 7% per week, your story is an inspiration for us all. Keep it up!
hello How many ticks are your stops? ---Sold one lot GBP/USD at 1.7730 Stop loss at 1.7744, TP still undecided. ---- That seem to be 14 ticks isn't it?
Illiquid: Im glad I can be an inspiration and I hope I can be that further on too. Hi Coolweb. I dont remeber my stop loss, but if your quote is right, then yes, the stop loss on that one was 14 Then I have big stop losses like this one, Im very confident that it will go to the exptected direction, and therefore I will leave room for an initial error, before it moves toward what Ive expected.
Who is mighty efn? I think it is a compliment though Somehow I couldnt see this posts and all you other posts, because my explorer was acting weird. Couldnt even see my emails. Well, if you can scalp off 1000 points in 8 hours, make a journal like me, and show us, as just words wont take you too far. Because I knew no one would believe that I average about 80 pips a day, thats why I made this journal. Hell, traders with 10 years of experience, would be lucky if they could get 600 pips a month.
Yeah he is lying. Ok if you gonna lie and say that you are profitable, you should at least be realistic with your lies and not say that you scalp off 1000 pips in 8 hours. How naive can he be, that someone would possibly believe that? I think he is a good hearted guy, who is optimistic and who really wants to develop himself. However, I think his hopes of becoming rich and a good forex trader are so strong, that he is impatient and take it for granted that he will be that some day, and thus act like a great forex trader prematurely. His dreams are so strong, that he tries to live in the dream. If you believe in something too much, you will finally believe in it and live in your dream You obviously have to be optimistic and very naive to do that, which his most recent lie of being able to scalp off 1000 pips displays, since he thinks people will believe in it :/