Beginner trades with EURUSD

S

stfarm

Hi guys, I am sure this is nothing for you, but I am pretty excited. With all the information I was reading here, in made 2 small trades in my Oanda demo account while at work (I hope they do not notice), and made 10 pips! :cool:

Anyway, thank you all for all your great advice....
 
You have got the bug....now your in reeeaaaall trouble :)

congrats...

would you care to discuss the premise for your entries and exits..?

Michael B.
 
Quote from ElectricSavant:
You have got the bug....now your in reeeaaaall trouble :)
congrats...
would you care to discuss the premise for your entries and exits..?
Michael B.
More...
Thanks Michael. Yes I have the bug now..
To be fair, I also made a bad sell trade, and lost 2 pips, coz I kept moving my S/L up, so I would not lose out too much.

I have been reading this pdf, where the guy explains how to add certain indicators (macd, parabolic sar, ma, stochastik), and based on that I entered trades.
I keep playing between all the different time frames, and when they seem to have an up momentum, I just go for it...
One of those I also entered as a limit buy, trying to 'forecast' where it will go....
I am sure you guys I laughing hard, but even with the demo account, I could feel my heart in my throat!.

Now if I would just understand those different indicators a little better.....
 
BTW, I just entered a new one, thinking there is an up movement according to macd and ma.

EURUSD :
Bought at 1.2721
S/L at 1.2716
Profit at 1.2726

I know, this is very small, and if I think it will move up more, I might adjust.....
 
Well your experimenting. This time is just as important as real money and don't forget it.

Your brackets are a little tight for the volatilty this instrument provides. but this is the slow time and your trade may last more than 4 seconds!


Quote from stfarm:

BTW, I just entered a new one, thinking there is an up movement according to macd and ma.

EURUSD :
Bought at 1.2721
S/L at 1.2716
Profit at 1.2726

I know, this is very small, and if I think it will move up more, I might adjust.....
More...
 
Hey, my little trade worked out again....I can't believe it. Of course now I am thinking that I should have stayed on the trend, and I could have made 30 pips instead of 15....Anyway, I guess I just lucked out.

Which currency pair do you suggest? What are your favorites, and why?
 
You must log in or register to reply here.
Back
Top