FXfreak Trading Journal III

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speed26
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Postby speed26 » Wed Dec 05, 2012 12:30 pm

Karma wrote:you can use limit orders to PICK the price you want

it doesn't get much more precise than that


Yes limits can get precise entries yet price can also blow straight through it.

So whats the difference between price blowing straight through and bouncing? Hence my point on L2 / T&S.

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Karma
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Postby Karma » Wed Dec 05, 2012 1:02 pm

space, support and resistance
"Profit is found in a thinking mind. If you come to this . . . with pen and paper in hand then you will fail to find the beauty that exists within yourself." - MightyOne

FXfreak
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Postby FXfreak » Wed Dec 05, 2012 9:00 pm



Today I end with +1. Trading at work really is not the same as trading at home. Less focus. I will have to check the results from tomorrow and friday to decide if I will move to htf at work.

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dojirock
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Postby dojirock » Wed Dec 05, 2012 10:45 pm

Trade with a bias...your results will improve dramatically......
"A small loss is just as satisfying as a large gain" -MO
"Sometimes we need to stop learning and start thinking...."
"Once you stack, you'll never go back!"

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prochargedmopar
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Postby prochargedmopar » Thu Dec 06, 2012 2:58 am

dojirock wrote:Trade with a bias...your results will improve dramatically......


That requires making a decision to WAIT.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670

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Postby FXfreak » Tue Dec 11, 2012 8:38 pm

thanks guys for all your comments!

the last week was interesting...my results were +-0 but i came to the conclusion that trading m5 is useless at work. so i will move up to m15/4h and see where it goes in the next month.

less trades, less stress ;-)

my first day: only one trade, +40. the picture looks good 8)



@es/pip
would you have traded the three hours after my entry?

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es/pip
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Postby es/pip » Tue Dec 11, 2012 9:26 pm

FXfreak wrote:thanks guys for all your comments!

the last week was interesting...my results were +-0 but i came to the conclusion that trading m5 is useless at work. so i will move up to m15/4h and see where it goes in the next month.

less trades, less stress ;-)

my first day: only one trade, +40. the picture looks good 8)



@es/pip
would you have traded the three hours after my entry?


It doesn't matter what i would have done.

But to answer your question, generally if i am looking at charts then i am trading.

I would probably live a lot longer if i didn't scalp, but i cant help it.

Trading longer time frames is easier and less stressful, and maybe that it is what fits better for you.

When i learned to trade it was by scalping, that was a long time ago, and i am set in my ways at this point i think.

I still trade long term stuff, but if i am sitting here watching i will just trade it all for the most part.


Just take the ideas and make it your own, and trade it the way that is the most comfortable for you.
Bend over and assume the position for another 4 years of hope and change.

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Postby FXfreak » Wed Dec 12, 2012 4:52 pm

@es/pip
Thanks! I was wondering if it is possible to gain money in market conditions like that. I also would trade it but I often get out at b/e in ranges like this.

Today: 1 trade, again I had a lot of luck, +46


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Postby FXfreak » Sun Dec 16, 2012 10:50 am

My trades this week:

The first loser was based on the double top. I thought we would see a heavy down-swing. Horrible entry based on greed....I have no idea why I was unable to turn my bias and why I was unable to see that pa was up. It was obvious...but it is good to have an image like this to know that my opinion and my hopes mean nothing...

2nd one is a bit sad. My sl was too tight and I got taken out before the move started. I also have no idea why I put my sl there....it was at the lows which normally always get taken out before the real move starts. Lesson learned...

No 3 is the same idea like No 2. Now I got my pips...




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Postby FXfreak » Wed Dec 19, 2012 7:47 am

i'm trading m5 today because i'm at home.

long @40

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