A Forex Trader's Journal
- Thread starter sKaLpZ
- Start date
Listen... take the cotton balls out of your virtual ears...
I DON'T WANT "HONOR."
Not from you. Not from anyone.
I state facts. I don't brag. I don't boast.
I have a system I developed that scalps over 1000 points just like I said.
I will not say anymore about it.
Now, can you please.... go.... the.... ****.... away... and... leave.... me.... alone.
Or I'm going to report you to the Internet Psycho Squad so they can haul you away in a cyber straightjacket.
*busts up laughing*Coinz
Update 07-05-05
OK, here's my 2-week update.
Things have been going well.
I was able to gain the fall and spike on EUR/USD and USD/JPY accounting for most the Balance increase. Just a case of being in the right place at the right time.
Cable has tanked - an anticipated move.
I've run this demo between trading my live accounts, so I may not have picked up every point available.
Balance has gone up to $2,360.11, an increase of $601.27 over last update.
I've taken on more units of GBP/USD so Margin Used has gone up $758.62. Nothing to crow about.
AUD/JPY is in drawdown, with AUD/USD accounting for the second biggest pair drawdown-wise.
Pretty much I am still on track with my initial trading tactic.
None of the pairs has given me significant opportunity to get better (and more risky) positioning.
Net Asset Value has declined because negative Unrealized P/L has increased.
The market currently seems to be sputtering along sideways.
It appears that no significant downward spike in EUR/USD is forthcoming.
Looks like the world has just about got its fill of USD. Soon enough it'll rot in their stomach and they'll puke their guts up.
As of today I think there is 90% chance of there being a medium (300-point) reversal in EUR/USD. 10% chance of it falling 300 more points.
No trades were closed that resulted in losses.
sKaLpZ
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=783439>
http://www.elitetrader.com/vb/attachment.php?s=&postid=783439
OK, here's my 2-week update.
Things have been going well.
I was able to gain the fall and spike on EUR/USD and USD/JPY accounting for most the Balance increase. Just a case of being in the right place at the right time.
Cable has tanked - an anticipated move.
I've run this demo between trading my live accounts, so I may not have picked up every point available.
Balance has gone up to $2,360.11, an increase of $601.27 over last update.
I've taken on more units of GBP/USD so Margin Used has gone up $758.62. Nothing to crow about.
AUD/JPY is in drawdown, with AUD/USD accounting for the second biggest pair drawdown-wise.
Pretty much I am still on track with my initial trading tactic.
None of the pairs has given me significant opportunity to get better (and more risky) positioning.
Net Asset Value has declined because negative Unrealized P/L has increased.
The market currently seems to be sputtering along sideways.
It appears that no significant downward spike in EUR/USD is forthcoming.
Looks like the world has just about got its fill of USD. Soon enough it'll rot in their stomach and they'll puke their guts up.
As of today I think there is 90% chance of there being a medium (300-point) reversal in EUR/USD. 10% chance of it falling 300 more points.
No trades were closed that resulted in losses.
sKaLpZ
<IMG SRC=http://www.elitetrader.com/vb/attachment.php?s=&postid=783439>
http://www.elitetrader.com/vb/attachment.php?s=&postid=783439
Dude, you have to take slippage into account. When the Euro falls or rises in spurts it's already too late to try to jump on unless it's a rediculous amount of movement (like 15 pips in under 1 minute). If you look on even as low as 10 bar tick data you can see GAPS in the forex market on why if you don't get in b4 the moves happen (when the overal day trend is ranging) then it's sometimes already too late.
I've learned that demos are horrible because when real accounts are used then OandA usually gets you in at the very top or bottom (too late) so you have to get on the train b4 it leaves. I'm going to be switching to FXCM in the near future because I hate how OandA will regularly execute my stops in a few pips above or below them (thus taking the extra few pips for themselves as extra commission).
I've learned that demos are horrible because when real accounts are used then OandA usually gets you in at the very top or bottom (too late) so you have to get on the train b4 it leaves. I'm going to be switching to FXCM in the near future because I hate how OandA will regularly execute my stops in a few pips above or below them (thus taking the extra few pips for themselves as extra commission).