My Forex Journal

wizard4444 said:
The target is always posted as TP . It has lots of potential that does not mean it will get there so I have a strategy witch I follow and do not change except if one of my filters shows me weakness, then I will get out.
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OK I thought I saw the target as13862. Just checking. And I get the part about any one trade being random as far as whether it works or not.
 
Cswim63 said:
OK I thought I saw the target as13862. Just checking. And I get the part about any one trade being random as far as whether it works or not.
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You are right..... TP @ 1.37045 thank you for pointing it out.....that is what happens when you take the trade and rush to post so the others wont miss it :p
 
wizard4444 said:
Well it depends .... if you are not in the U.S. you can trade forex with higher leverage... that is good if you are a good trader and bad if you are a bad trader...
Forex is a lot more time demanding if you swing trade cause it is a 24 hour market, opens Sunday and closes Friday....if you scalp I would trade the U.K. open or the U.S. open cause there is more volatility at these times....
You have to try it and see if you like it... I prefer forex over equities
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Seriously?! Thank you for a response, I will definitely give it a shot ;p
 
felixbocharov said:
Seriously?! Thank you for a response, I will definitely give it a shot ;p
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Np... but I would recommend you like @Cswim63 mentioned and I forgot be careful cause a lot of the forex brokers are not regulated, they are bucket shops... do your homework cause your money can vanish....
 
wizard4444 said:
EURGBP LONG @ 0.77979
SL @ 0.76903
TP @ 0.79055
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Brilliant, you must be making good profits now!
You must be expecting prices to reach higher the previous high :)
I am expecting the prices to reach a bit lower than your expectation...estimating prices to reach and close around 0.78640 today...but not during the London session, but probably will happen during New York session.
All the best with your trading :)
 
victorycountry said:
Brilliant, you must be making good profits now!
You must be expecting prices to reach higher the previous high :)
I am expecting the prices to reach a bit lower than your expectation...estimating prices to reach and close around 0.78640 today...but not during the London session, but probably will happen during New York session.
All the best with your trading :)
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Not really...this month has been very choppy... but what can I do... this is the plan... I can't be taking profits when the move is at 40% cause in the end the numbers will not work...
A swing trader will see his open positions go in and out of profit many times, discipline and patience is the key. I will mention the returns below so you will see why I hold
Thank you
 
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