Tradergreg Forex

Stop moved to 0.7468

I need to be cautious not to continue my cycle. Occasionally, I have some free time and an intraday opportunity falls into my hands like a golden egg. Increases in aggressive trades and a constant need to check the market ensue.

I'll make a promise that I won't check this again until after 5 pm today.
 
Stop moved to 0.7598

At 0.7598, the stop is tight (30 pips as of now). While I really do think this could be part of a much larger play, I guess when it comes down to it I have neither the confidence nor the patience to sit through the corrections. If this is meant to come, it will come. My unproven entry signals will still be my focus, and if my style of trading evolves over time, then I will let it evolve. If not, then I will still attempt to skim the market for these little blowout profits.
 
I don't intend to post things like this in the future, but perhaps this idea could be of mental benefit to some in the community.

These stages are very similar to a trader's stages of development: http://www.hunter-ed.com/md/course/ch7_stages_of_hunter_development.htm

Shooting stage = making a trade, opening an account, taking first risks

Limiting-out stage = making the most you can in a day/month

Trophy stage = making 5 times your risk on a rare, high probability trade. Or making a bajillion dollars on one trade.

Method stage = trying different forex pairs, different stocks, different time frams (swing/intraday/position), different instruments (options, commodities, etc.)

Sportsman stage = everything
 
New Orders

Short GBP/USD
Trigger: 1.6457
Stop: 1.6554
Cancellation: 1.6554 or Tuesday 5:30 pm
Risk: 97 pips = 0.59% of mark = 1.00 risk point

Short EUR/GBP, OCO with GBP/USD
Trigger: 0.8653
Stop: 0.8746
Cancellation: @stop or Wednesday 5:30 pm
Risk: 93 pips = 1.07% of mark = 1.00 risk point



Record: 4 wins, 12 losses

Cumulative risk points: -1.10

Avg: -0.07
 
Quote from TraderGreg:

I don't intend to post things like this in the future, but perhaps this idea could be of mental benefit to some in the community.

These stages are very similar to a trader's stages of development: http://www.hunter-ed.com/md/course/ch7_stages_of_hunter_development.htm

Shooting stage = making a trade, opening an account, taking first risks

Limiting-out stage = making the most you can in a day/month

Trophy stage = making 5 times your risk on a rare, high probability trade. Or making a bajillion dollars on one trade.

Method stage = trying different forex pairs, different stocks, different time frams (swing/intraday/position), different instruments (options, commodities, etc.)

Sportsman stage = everything
More...

Your consistently losing, trading journal is a mental benefit to the community?? You have absolutely no FU**ING idea what you are doing when it comes to trading forex.

You're just an attention whore
 
Quote from southbeach4me:

Your consistently losing, trading journal is a mental benefit to the community?? You have absolutely no FU**ING idea what you are doing when it comes to trading forex.

You're just an attention whore
More...

southbeach4me, you are clearly an intelligent, successful trader. Why do you spend your time on journals of amateurs when you could be making money? Better yet, why do you delegate yourself to role of "noob policeman/woman" when you could be adding real value to the community through your insight?

If you would like the job of posting in a way that prevents people from asking me questions, please feel free to take it. : )
 
I'm going to allow both old orders to cancel. New Orders

Short GBP/USD
Trigger: 1.6381
Stop: 1.6530
Cancellation: 1.6563 or Thursday 5:30 pm
Risk: 149 pips = 0.91% of mark = 1.00 risk point

Record: 4 wins, 12 losses

Cumulative risk points: -1.10

Avg: -0.07
 
The POINT Im trying to make is this .......

Nobody here gives a shit about your strategy, especially since you're losing more than 80% of the time. So why don't you post trades showing a chart of what you are looking at, and why you took the trade. This way traders like me and some others on here who are profitable at forex could see where you're making your mistakes & help guide you to make better trades.

Are would you rather just continue to smother yourself with losing trades?

* and please don't start with that shit about you being afraid of others on here stealing your strategy( a LOSING strategy)
 
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