Baggerlords Journal

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Sounds like you are having fun and doing great! Congrats. Doubling your account (even if you started from $50) is impressive, since you're risking 5%-10% a trade. How long did that take you?

Also, how wide are your stops and how long do you hold trades for usually?

Lastly, have you ever had a profitable position turn into a loss because you were sleeping and weren't present to adjust stops/take profit?
 
Quote from pvTrader:

Sounds like you are having fun and doing great! Congrats. Doubling your account (even if you started from $50) is impressive, since you're risking 5%-10% a trade. How long did that take you?

Also, how wide are your stops and how long do you hold trades for usually?

Lastly, have you ever had a profitable position turn into a loss because you were sleeping and weren't present to adjust stops/take profit?
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I opened the account on Friday, so 2.5 trading days. Now if I can just maintain this for a few months. :) My stops are usually around 50 pips or so, with targets 2-3x. Most trades last 6 hours give or take. I've had a few good trades go bad, but that isn't a big deal, because I take partials along the way.
 
Welcome to the Oanda forex club, buggerlord!

The best thing about forex trading is the facility to trade at home AND from work.

I would really love for IB to adopt their TWS platform for trading via the port 80 too.

You quite right, scaling in and out of your positions can be done very cheaply and stress free.

All the best in your new venture!
 
Closed a Eur/USD overnight long, account up to $125 now. Big bucks baby. I checked out the original turtles site last night and realized I have basically been trading a turtle strategy. That is encouraging! Mine is on a shorter time scale but basically the same entry rules. I'm going to have to go through all their stuff on money management, probably the most important thing here. I've gotten a few PM's so Oanda is my broker, oanda,com. They are great for little people.
 
No I get up to 30:1 leverage. My positions so far have ranged from $500-2500 depending on how much I like the setup. That is why I like forex, crazy leverage, but you don't have to use it all if you don't want to, unlike the minis.
 
Baggerlord,
Would you mind annotating a chart with a recent trade of yours that explains your entry/exit/profit taking/how you sized the position?

I know this is a lot to ask, but this would really help me understand your trades even more. I'm enjoying this a lot and hopefully you can learn more too by going through this process? :)

Thanks!
 
I have to go to work now, but when I get home I will post some charts. If you want to chart surf in the meanwhile, look for candlesticks that fit in with the trend.
 
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