Baruch's Forex System Journal

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Quote from Chaw:

Like I mentioned in this thread before, I will be placing my first Live trade sometime this week!

Does anybody have any strategies?

Baruch says to start on Thursday because of eco news.

Does anybody else have any words of wisdom?

Thanks
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Hi Chaw,

Read the message to you from Scientist (the page before).

Trading eco news? Only if you know this game.

But you could trade my system. jrichman23 posted earlier today that he had just made about 350 pips in two days with it.
It's not so bad...
 
Quote from jrichman23:

I was in eur/usd, gbp/usd, and aud/usd, I think if you play it right you can use it for many pairs.
thank you
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Hi again,

Nice to know. I follow eur/usd and gbp/usd, but not aud/usd.
 
Chaw,

Here it is:

Quote from Scientist:

Whatever your outcome, make sure you don't take it too serious. Things can only do you emotional damage if you let them. And if you have emotional damage, it can be hard to alleviate and get back into the flow. Just put as much money into every trade as you're cheerfully willing to lose, and you'll be fine. If you fully accept the risk of every bet, you're halfway there. The rest is history.

Best is to just accept that anything can happen, and that the outcome of a single trade really doesn't matter in the long run, particularly if you have a good strategy.

All the best wishes for your endeavour... :)
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Quote from Guardian Angel:

Short @ 112.94
Long @ 114.74

130 pip profit is expected.
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Short @ 112.94
Long @ 114.74

Does this mean that the next time USD / JPY hits any of these prices it will be a good time to trade?

Do you reckon i should place my first trade using the information provided by Guardian Angel?

I would love to come out with 130 pip profit on my first trade!!
 
Quote from Chaw:

Short @ 112.94
Long @ 114.74

Does this mean that the next time USD / JPY hits any of these prices it will be a good time to trade?

Do you reckon i should place my first trade using the information provided by Guardian Angel?

I would love to come out with 130 pip profit on my first trade!!
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1. Yes, that was Guardian Angel thinks.

2. A good traders makes his own decisions.

3. Yes, but be ready to take a loss.
 
that was actually the first time I have traded aud/usd, just testing it and so far so good.. the only thing is knowing when to get out.. and I think I have done pretty well going off of the gut feeling....lol
 
Quote from jrichman23:

that was actually the first time I have traded aud/usd, just testing it and so far so good.. the only thing is knowing when to get out.. and I think I have done pretty well going off of the gut feeling....lol
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OK. Well done.
 
Does anybody know a website where we can get a preview of the most important eco data from Europe? Like Barron's and CBS Marketwatch' previews for US eco data.
 
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