And that's exactly what happened.
Tradex Forex Journal
- Thread starter Tradex
- Start date
And that's exactly what happened.
Out at 154.50, + 54 pips.
I can assure you that trading the smaller time frames is no different than trading with the daily, weekly or monthly charts.
A robust trading system can be used on any time frame (except at the tick level, where the noise is extreme), and even on different, uncorrelated markets.
Trading results for this week:
Long AUD/USD at 0.7800 : breakeven
Short gbpjpy at 154.57 : -13 pips
Short gbpjpy at 154.15 : -5
Short gbp/jpy a 154.15) : breakeven (re-entry trade)
Long gbp-aud at 1.8825 : -12
Short yen at 108.95 : breakeven
Long gbpjpy at 153.96 : +54
Long EUR/AUD at 1.5730 : +40
Long Yen at 108.74 : +13
Total for week ending May 21 : +77 pips.
Have a good weekend fellow Forex traders.
Long AUD/USD at 0.7800 : breakeven
Short gbpjpy at 154.57 : -13 pips
Short gbpjpy at 154.15 : -5
Short gbp/jpy a 154.15) : breakeven (re-entry trade)
Long gbp-aud at 1.8825 : -12
Short yen at 108.95 : breakeven
Long gbpjpy at 153.96 : +54
Long EUR/AUD at 1.5730 : +40
Long Yen at 108.74 : +13
Total for week ending May 21 : +77 pips.
Have a good weekend fellow Forex traders.
sure everything can work - just saying the majority of the moves on the shorter time frames in FX lack follow through
@Tradex
Made some dinner money last night with GBP/AUD (and USD/JPY), at 200K-400K lots. My final conclusion with FX, is that it's way too taxing, when I can make a LOT more money trading stock index futures during the day, and get a good night's sleep!!! But if I am watching a movie at night, why not pay for it. It can get nasty, but I am consistent. My issue is that I get obsessed/absorbed, so I will only do it on Thursday nights, when my week's trading is over. I cashed out last night at 4am EST!
These are my favorites. I looked over your journal, and my only suggestion is to optimize. Think Pareto's Law...
Made some dinner money last night with GBP/AUD (and USD/JPY), at 200K-400K lots. My final conclusion with FX, is that it's way too taxing, when I can make a LOT more money trading stock index futures during the day, and get a good night's sleep!!! But if I am watching a movie at night, why not pay for it. It can get nasty, but I am consistent. My issue is that I get obsessed/absorbed, so I will only do it on Thursday nights, when my week's trading is over. I cashed out last night at 4am EST!
These are my favorites. I looked over your journal, and my only suggestion is to optimize. Think Pareto's Law...
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Cheers!