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After getting home and reviewing a 4 hour chart, the stupidity of my original entry is now blatantly obvious. The good news is that short does, in fact, look like the position to be in right now. Had I been seeing this chart for the first time, I would have entered short at the peak of the...

I have had good luck with 2 hour bars in practice mode. Maybe I'll give that a try tomorrow. You're right that I would find that more boring, but there's no reason I can't put on one or two longer time frame, larger target trades. Then I can be free to scalp the short periods for <15 pip...

I'd love to use stops, I just can't find a good way to do it. How much do your trades generally move against you? Maybe what I need is a new entry strategy. Forex seems to be much more volatile and much less precise than stocks. I think that's why I can't seem to find a good place for...

Sold - USD/CHF 1.07597 -35.2 pips Crushing loss, can't say I'm surprised. Cue the reversal. Missed 10 pip profit on GBP/USD, fully expecting explosion upward now. Calling 'em doesn't do a damn thing if you don't execute the plan.

Short - GBP/USD 1.65286 x1 Hopefully a quick few pips on that one. Down 20 pips on USD/CHF, getting ready to cut it loose. I'd suggest everyone take heavy long positions in it at that point, massive up move upon selling long is inevitable.

Does anyone else find this comical, or is it just me? The blue line is my position (after the 4 pip spread), taken at the lower part of the second green candle. Bouncing it like no tomorrow. Latest candle (after the screen shot) rebounding off it as well. What are the chances that every long...

Buying tops again, 4 pip spreads hurt... Long USD/CHF - 1.07949 x1

I was looking for ~.82868, which would have been almost 46 pips. I let it slide for only 8 because, #1: I wanted to go to bed (don't trust stops and you can see why on this trade), and #2: it was struggling (and still is this morning) so I got out while it was still with me. Do I get a pass? :p

Sold - AUD/USD .82493 8.3 pips Aftering being down nearly 50 pips, that's the best 8 pip gain ever. lol More to go on that one? I wouldn't doubt it, but I'm sick and going to bed. Progress after day 1 (including Friday's half-assed trade): +22.4 pips

I don't like stops in forex. Too many times in practice I've lost big winners because of massive fake out spikes (see page 1 for another example, with chart). IMO, this leaves me with the option to set huge stops (what good does that do?) or to simply monitor the trade and see how the price...

^I was actually looking at switching to Oanda. Forex.com has my money for 30 days (or so I've heard), so we'll see what happens in the mean time. I'm still with the AUD/USD long. That may or may not prove to be a good idea. Can't tell if it found support and is about to make higher...

Perfect. Thanks for the advice. :)

I play swings, although, because of my schedule (and the fact that I don't like to set stops and ride when I'm gone), I'm typically forced to cut them short. I suppose some people would call that scalping, because that's what it ends up reading like. Sounds like good advice. What pairs do...

Yea, that's what I figured. I don't have a big enough ego to actually think anyone cares to read about my poor trade decisions. As for the EUR/CHF, the chart just looked good at the time and the spread was small so it's one I watch. USD is my base currency. Would it be better to trade...

Long USD/JPY - 94.422 x1 (2:45ish) Getting raped in the ass on the AUD. EDIT: Sold USD/JPY 94.481 5.9 pips

Guess no one cares, screw it, might as well post for my own knowledge. Long AUD/USD - .824100 x1 (back at like 1:00)

Covered - EURCHF 1.526340 = 8.2 pips No love for me before vacation. Wants to struggle the whole way down; now it's time to leave and it finally breaks down. I don't trust it with a stop, because of all the crazy fake outs (as pictured), so I'm just going to take profit and leave...

#1 Short - EURCHF 1.527160 x 1 (10k)

Taking my own suggestion from another thread, I decided to start a journal. I'm brand new to forex, been trading stocks for about year, so I'm fairly new to that too. Like most, I have no in-person mentor, so I suppose having you guys harass me is the next best thing. I've read a bunch of...

I understand what many are saying about first knowing the market. I do have a practice account with them as well to experiment with new strategies and money management. I've never traded with a complex strategy. I use simple support and resistance with no indicators. My win ratio is actually...