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Bought Euro/USD at 1.2309 Stop 1.2270 Initial Target 1.2325 Used 2% of capital

Hope everybody is trading well. Right now, I have no open position, but I am considering buying the EURO/USD when it is in 1.2270 to 1.2250 range. I'll see you in a couple of hours.

And of course the Euro falls to 1.2267. Need to stay in these trades longer.

but what is the 50/50/30 money mangement system?

Got out at 1.2319 for a gain of 26 pips. Still think it can drop further. But I am going to bed. Early day at the job tomorrow.

You just might want to wait on going long for a little bit

just what we need, a sea going Chernobol. Whoa Euro just droped to 1.2311

I look at the 4 hour, 8 hour and daily to decide direction and type of trading day I might be encountering. I use the 15 and 5 to determine entry. Looking at the 15 right now (with the help of the MACD) give me the sense that we should see a drop (20+) within 45 minutes or so. Now I am not...

But I actually just use the free REFCO charts. They sometimes have the anoying habit of locking up ( and when that happens I get immediately out of the trade, not going to trade blind). They have all the TA features I need and they let me draw all kinds of lines all over them. That's another...

Hey, I'm this too. I am just tired of waiting for the Euro to make its move. Incorporating a MA really helped. Thanks for the info.

For the last three months it stands at somewhere over 70% for winners to losers. I have been doing pretty well so far with about 8 winners in row. Before that, though, it was more like 27%. The change which helped me was to stop looking at the shorter time frames and take less trades overall. I...

My quality rating goes something like this. If there is a major news announcement coming out, I will use 2% because you can never be sure how the market is going to react. If the technical factors look good on the longer tern charts (4, 8, and Daily) and okay on the One hour and less...

I bounce between my trading platform and ET quite frequently. I usually make my order first then type up my post, so there is probably a few minutes delay. According to my platform, I placed the order at 3:25 am ( ugh I hate how all the clocks are inconsistent). That would make it about 2:25 my...

Well, when I was first putting this journal together I wasn't quite sure of the format I wanted to use. That is why you see some variation throughout. Essentially I am still sticking to my MM rules but in the process of tweaking them slightly. So for consistency sake, I will now make all my...

Okay, it didn't come anywhere close to 1.2260 while I was away. Right now, I am selling the Euro at 1.2345 with my initial target at 1.230. I think it can hit 1.2258 and maybe as far as 1.21 but don't quote me. My stop is at 1.2366. Lets see where we can go in the next few hours.

Go to Moneytec. They pretty much have all the info you need. Just look them up on Google.

Closing out position at 1.2336 for a gain of 25 pips. My feeling is that we will see it go lower into 1.2260,but I don't have the tome right now to follow it. See ya at the opening of the Euro session.

As suspected, the Euro did hit 1.24 ( I need to be more confident in my trades). Feeling that it is in range for a while, I am selling the Euro/USD at 1.2361 with my initial target at 1.2320. See ya later

Very Tired. Got out at 1.2343 for a very respectable 58 pip gain. Going to bed and good trading to all.

Just Broke 1.2350. New Target is 1.240. Stop is now 1.2335