Good place to heckle and shame the newb (fx)

Quote from AyeYo:

Perfect. Thanks for the advice. :)
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In addition, you can check out correlated pairs.

I strongly agree with keeping tabs on just one or two currency pairs...but for example, while I trade the EUR/USD, I'm always watching USD/CHF as they're usually inversely correlated (USD/CHF goes up, EUR/USD goes down).

If you're a swing trader/using a lot of support and resistance (S&R), sometimes you can find cleaner areas of S&R on one pair and not the other. Otherwise, seeing a similar area of S&R on both pairs, matched with fibs, etc...can help validate your trade.

Keep with your journal. Although ET is hardly the place for positive feedback/input/etc, at least having somewhere to plant your thoughts is important. Starting with a mini account is no big deal...it's not a big enough dollar amount to worry about losing yet provides some dealing with emotions that a demo won't. I started with a $500 account two years ago and you can read about my evolution from there:

http://www.hotstockmarket.com/forums/showthread.php?t=57907

Keep posting. If the douchebags here get on you, hop over to a smaller forum with more relative posters (FF or HSM, as posted above).
 
Thanks for the encouragement. Your thread looks like a good read. Just by skimming the first page it appears we trade similarly. Should be an educational read. :)
 
Meanwhile, in the land of the stock market... I took a short-term short position in the S&P (at 1,005) via SDS (45.15). I wish I had been more patient and waited for the 45.00 that I wanted, but I was at work and half-assing things off a cnbc.com line chart.
 
Quote from sam0182:

Although ET is hardly the place for positive feedback/input/etc, at least having somewhere to plant your thoughts is important.

Keep posting. If the douchebags here get on you, hop over to a smaller forum with more relative posters (FF or HSM, as posted above).
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I believe he's safe from the douchebags since they haven't yet swarmed him (but you never know, it could happen suddenly without warning).

It seems that journals which start with actual trades posted are "safe" here on ET, at least for a while.
 
Quote from NoDoji:

I believe he's safe from the douchebags since they haven't yet swarmed him (but you never know, it could happen suddenly without warning).

It seems that journals which start with actual trades posted are "safe" here on ET, at least for a while.
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I would hope so Nod. Your thread seems to be one of the cleanest as far as that sort of crowd goes. I used to be able to say the same about geez's thread. Love your journal and I'm a daily reader. Man, starting to sound like those radio show call ins... :eek:

:) Cheers Aye, keep it up.
 
Quote from sam0182:

I would hope so Nod. Your thread seems to be one of the cleanest as far as that sort of crowd goes. I used to be able to say the same about geez's thread. Love your journal and I'm a daily reader. Man, starting to sound like those radio show call ins... :eek:

:) Cheers Aye, keep it up.
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Her journal is definitely an entertaining and helpful read.

I hope I can keep it up. lol Went to take a shower and missed this move on USD/JPY I was waiting for....

On the 15 min:
usdjpytrendline15min.jpg



On the 4 hour:
usdjpytrendline4hour.jpg



That was a pretty solid miss on a low risk, no brainer trade. Wouldn't be surprised to see it finally break 94.000 for real. With that attempt failed I think I'll call it quits for today with no trades.

Total after day 4:
+58.1 pips
 
Looks like that USD/JPY would have panned out quite well, and we did, in fact, crack (and stay under) 94.000 solidly.

Long - AUD/USD 0.83424 x1


Late attempt to snag the break out move. Would like to ride it all the way to the next fib line, which, as I see it, would be .8382X.

Was going to try using two lots today, that way I can take some off the table and feel better about letting the other half ride longer, but it's early and that idea slipped my mind until after I bought.
 
Quote from sam0182:

I would hope so Nod. Your thread seems to be one of the cleanest as far as that sort of crowd goes. I used to be able to say the same about geez's thread. Love your journal and I'm a daily reader. Man, starting to sound like those radio show call ins... :eek:

:) Cheers Aye, keep it up.
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Sam, I agree with you....one thing I will not support is free spamming on a thread. Such a shame.
 
One more case confirming why I hate playing breakouts. As perviously stated though, when I DO wait for a retest to buy... the retest never happens. When I DON'T wait for a retest to buy, the retest not only happens, but usually fails. Let's hope that's not the case here.
 
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