I'm back. Hopefully better and more realistic.

[billv]

I finally start posting about real action and people stop responding....[/QUOTE

What did you expect people to do?
To congratulate you on your gambling?
Think of forex like a sea which is full of sharks, if you jump in without a plan, sooner or later you will be their lunch.

https://weeklyfxdrivethru.com/wp-content/uploads/2018/05/CREATING-A-TRADING-PLAN.pdf

https://tradingstrategyguides.com/best-trading-plan-strategy/

 

[farmerjohn1324]

What did you expect people to do?
To congratulate you on your gambling?
Think of forex like a sea which is full of sharks, if you jump in without a plan, sooner or later you will be their lunch.

https://weeklyfxdrivethru.com/wp-content/uploads/2018/05/CREATING-A-TRADING-PLAN.pdf

https://tradingstrategyguides.com/best-trading-plan-strategy/

But I did/do have a plan. Strong USD based on fundamentals. Position trading. What's yours?

 

[farmerjohn1324]

You'll do fine.
What triggers a buy or a sell to open?

In this case, it was reading that the outlook on USD has considerably improved in recent days. The previous NFP far exceeded expectations. Core inflation is picking up. There was a bond auction recently that had very low demand.

Although the data today didn't help.

 

[easymon1]

But I did/do have a plan. Strong USD based on fundamentals. Position trading. What's yours?

You'll do fine.
What triggers a buy or a sell to open?

 

[billv]

But I did/do have a plan. Strong USD based on fundamentals. Position trading?

Observation 1: Some of your positions closed on low margin so you are over-trading for your account size
Observation 2 : your account was up 15% in a very short period of time so you are over-trading for your account size
Observation 3: your account was up 15% but you didn't close any trades and you even allowed your trades to go -ve
Observation 4: You don't seem to have a plan for the possibility of price moving against you and damaging your account. When you trade large size, any sudden spike can kill your account.

Conclusion: You don't have a complete trading plan, keep working on it.

I will stop posting here because I don't have time to be involved.
Good luck with your trading.

 

[easymon1]

I just transferred money into a live Forex account for the first time in a few months.

FJ, what timeframe charts do you like to trade?

 

[farmerjohn1324]

Observation 1: Some of your positions closed on low margin so you are over-trading for your account size
Observation 2 : your account was up 15% in a very short period of time so you are over-trading for your account size
Observation 3: your account was up 15% but you didn't close any trades and you even allowed your trades to go -ve
Observation 4: You don't seem to have a plan for the possibility of price moving against you and damaging your account. When you trade large size, any sudden spike can kill your account.

Conclusion: You don't have a complete trading plan, keep working on it.

I will stop posting here because I don't have time to be involved.
Good luck with your trading.

Ok. Well you don't have to respond, but others might...

When my EUR/USD trade was at its best (15%), it had only gone .00843 in my favor. It reached a low that day of 1.18355. At one point, Input a TP at 1.18, but even that I thought of quitting while ahead and not seeing things long-term.

 

[farmerjohn1324]

FJ, what timeframe charts do you like to trade?

Long-term. I'm looking for eurusd to decline somewhere around here before I sell.

 

[farmerjohn1324]

As for the charts you look at, do you prefer using Quartlerly, Monthly, Weekly, Daily, 4hour, 1hour, 30m, 15m, 5m, 2m? Any?

Daily.

Although I don't mind zooming in closer around news/data releases.

 

[easymon1]

Daily.

Although I don't mind zooming in closer around news/data releases.

What hold times do you like to be in a trade?

So you have any screenshots of trades from the past that you liked?