Tradex Forex Journal

Glad you made something back for the weekend!

But why EURJPY so late in the session?
It already had a decent range...
 
Onra said:
Glad you made something back for the weekend!

But why EURJPY so late in the session?
It already had a decent range...
More...

Thanks Onra.

Yes I know, EUR/JPY has "already" made its move.
But in trading, "decent" ranges can become indecent in a heartbeat.

On Friday's, a currency can move 100 pips up or down, consolidate a little, and then move another 100 pips (or more) during the last 2 hours, without any warning or even news.
 
Onra said:
Glad you made something back for the weekend!

But why EURJPY so late in the session?
It already had a decent range...
More...

Dude, you didn’t put me on ignore. You’re unreliable. The guy trades into the NY close on Friday... total amateur hour.
 
OK, just trying to keep up. So, you're talking about being +22 for the day, which is good, are you still down 66 or something like that? Maybe you can put a box at the bottom of your post saying something like

Day 4
+xx for the day
- XX for the total.
 
old coot said:
OK, just trying to keep up. So, you're talking about being +22 for the day, which is good, are you still down 66 or something like that? Maybe you can put a box at the bottom of your post saying something like

Day 4
+xx for the day
- XX for the total.
More...

Sure, I was about to do that today.

Trading results since the beginning of this thread (Monday June 8, 2020):
EUR/CAD: Breakeven
CAD/CHF: Breakeven
NZD/CHF: -10 pips
EUR/CAD: -33 pips
AUD/NZD: -21 pips
EUR/USD: +50 pips
EUR/JPY : -28 pips

Total this week: -42 pips.

The system keeps the losses short and waits for the big trend.

In fact, if a trader does not love small losses then he has no business trading. How the trader deals with losses is what truly differentiates the amateurs from the pros.

And again, profitable trading has nothing to do with the winning percentage.

Have a good weekend and see you next week.
 
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heispark said:
So, basically, your system is a lottery model.....
More...

No, for the simple reason that markets are not random, they trend. In other words they have a tendency to continue doing what they are already doing.

A trader like you should know that by now.
 
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