My Trading

A couple of people have been asking about my trades, i.e. what I trade and when.

As I said to Neno before I was appointed moderator of the FOREX forum, I don't consider myself to be an expert, i'm still very much learning and experimenting with different trading systems.

May I also stress that I am a FOREX moderator, not a tutor, as I do not feel qualified to teach this subject. However, I do want to keep these threads helpful, so an exchange of dialogue will be welcome.

I will publish any trades I make on ROL, for information purposes only, so people can see what I am doing and witness any profits or losses I make. I accept no responsibility for any losses people may make by following my trades.

If people find my log useful, it will be up to them if they use it or not. I don't purchase signals from anyone, nor will I ever, but I will encourage people to try it for themselves.

Hopefully, we will learn from each others successes and failures.

I am happy to accept constructive criticism from anyone with more experience, so stay tuned for the nail biting world of trading the FOREX.

Currently watching the GBP/USD at 1.9776 and think there may be a sell (short) position developing.
I'll give it some more time and see what happens before making the trade.

All the indicators I use are pointing to taking a short position, but I need further confirmation.

Also watching GBP/JPY for a short position at 228.24.

Are you paper trading Col or using real money?

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Originally Posted by Adster

Are you paper trading Col or using real money?

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Currently paper trading with a view to moving to a live account in January.
I am confident to spend real money now!

On the subject of paper trading, it is best to treat the trades as though they were real money, so that you get familiar with the emotions that arise. It teaches good money management skills and patience.

Quote:

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Originally Posted by investor

Currently paper trading with a view to moving to a live account in January.
I am confident to spend real money now!

On the subject of paper trading, it is best to treat the trades as though they were real money, so that you get familiar with the emotions that arise. It teaches good money management skills and patience.

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A mate of mine went on a course last week at Heathrow airport. He has paid for some software to show trends/where the market is going etc and is paper trading it this week. He intends using the Dow Jones markets as it fits in with his self employed job and can be done in the afternoons/evenings.

Start off small and build your bank up mate. I did this with sports trading and now am confident in using big stakes.

Course once the dinar hits you can use bigger stakes anyway once you're confident etc.

Make sure you have the discipline side conquered!, look to make a certain amount per day and be happy with it.

Good luck, keep us updated how you're doing please as it'll be interesting. :cheers:

Exactly mate, got to be careful of greed.
I picked up 300 pips last week on one trade and exited when I thought it was about to reverse.

The trade continued on in it's original direction and I found myself getting angry because of the early exit. Those 300 pips were worth about £1500 and were achieved in four days.

Note to self: Control those emotions!:fryingpan

Nice! ;)

And for any members interested in learning FX, babypips.com is a fantastic free resource! (and they've just updated it!!)

Love the Branson quote btw investor. ;)

Quote:

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Originally Posted by inspira

Nice! ;)

And for any members interested in learning FX, babypips.com is a fantastic free resource! (and they've just updated it!!)

Love the Branson quote btw investor. ;)

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Thanks inspira.

Babypips is an excellent site, I have used it a lot.

OK, here we go.

Decided to stand aside with the GBP/USD for the moment, too much sideways action.

I have entered short (sell) on GBP/JPY at 226.46

Lets see what happens!

Quote:

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Originally Posted by investor

Exactly mate, got to be careful of greed.
I picked up 300 pips last week on one trade and exited when I thought it was about to reverse.

The trade continued on in it's original direction and I found myself getting angry because of the early exit. Those 300 pips were worth about £1500 and were achieved in four days.

Note to self: Control those emotions!:fryingpan

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Yes, that's the downside and its a pity there, it got the better off you otherwise you could be dining grandly around London's top haunts...:party: :noserious

I'd say also, fine tune with those "over cautious" decisions to exit... excitement with confidence is driven by a healthy dosage of adrenaline...:party:

Nice start on this field... I look forward too in monitoring whatever can be gained here...:ro_emote:


YB. - :beer:

Current GBP/JPY trade is now at 226.02. 36 pips profit or profit of £159.19.

Think I'll let it roll for a little longer.

Quote:

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Originally Posted by investor

Current GBP/JPY trade is now at 226.02. 36 pips profit or profit of £159.19.

Think I'll let it roll for a little longer.

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I have decided to close this trade now, as I am in meetings for the remainder of the day and won't be able to keep an eye on it.

Closed at 225.78, profit of 60 pips or £265.65.

Not too bad. I suspect the profit will continue to rise, but I'm not willing to take the risk.

Watch out for the next thrilling instalment!:cheers:

Quote:

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Originally Posted by investor

I have decided to close this trade now, as I am in meetings for the remainder of the day and won't be able to keep an eye on it.

Closed at 225.78, profit of 60 pips or £265.65.

Not too bad. I suspect the profit will continue to rise, but I'm not willing to take the risk.

Watch out for the next thrilling instalment!:cheers:

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How many days was this for Col????

Keep it up matey, will get info from my mate too for you. :cheers:

Quote:

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Originally Posted by Adster

How many days was this for Col????

Keep it up matey, will get info from my mate too for you. :cheers:

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Yesterday mate, so not bad for a days work!

Managed to sneek a look during break time and think I will take a position.

In with a short position with GBP/USD at 1.9665.

Think it's worth the risk.:eek:

Quote:

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Originally Posted by investor

Managed to sneek a look during break time and think I will take a position.

In with a short position with GBP/USD at 1.9665.

Think it's worth the risk.:eek:

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How much per point are you paper using???

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Originally Posted by Adster

How much per point are you paper using???

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The value of each pip varies with the currency pair you are trading.

I'll post something later to show how the value is calculated.

Disaster!!

The GBP/USD I placed earlier soon went to a 45 pip profit. I then had to go back on the road and when I stopped to set up the laptop, there was no signal on the 3G data card.

The trade is currently 28 pips in the red and it looks like a reversal may be in the offing.

Going to close this and accept the loss. It was pretty close to my stop level anyway.

Lesson to be learnt: Don't trade unless you can keep an eye on the deal.:sads:

Hello Investor,

Love your setup of this forum, my old friend, and I sure am happy you are moderator for it. My Dad and I, back in 2005 e.v., on recommendation from an acquaitance, were going to open up an account with an outfit from Michigan, but they wanted US3000 for a software license and I think it was close to US200 a month for signal fees. Whew! We never went on with it as my Dad got sick and, well, the whole idea kind of got lost and I gave it up. I'm very interested in following the individual route as you are doing and have been studying and am now about to start some paper experimentations to get into it. I'll be keen to follow your thread on this and look forward to developing some conservative trading as I go; but, like you, only if I can square away enough time to keep constant track or control of it. Anyway, great to see you here. Take care.

Best regards,

thelema

Sorry to note this personal disappointment you had but looking at this as a incidental trade-off... I'm sure the wisdom retrieved will bear better hallmarks in reducing others from ANY stand off....since it is like a "cloak & dagger" kind of involvement which after awhile, and with you hopefully, members will be enriched and come out profiting someday soon....thanks to your continued determination to overcome the uphill stride in this sector... all the best there.... we're behind ya mate!:ro_emote:


YB. cheers and keep going at it...:beer:

Quote:

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Originally Posted by investor

Disaster!!

Lesson to be learnt: Don't trade unless you can keep an eye on the deal.:sads:

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Quote:

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Originally Posted by Thelema

Hello Investor,

Love your setup of this forum, my old friend, and I sure am happy you are moderator for it. My Dad and I, back in 2005 e.v., on recommendation from an acquaitance, were going to open up an account with an outfit from Michigan, but they wanted US3000 for a software license and I think it was close to US200 a month for signal fees. Whew! We never went on with it as my Dad got sick and, well, the whole idea kind of got lost and I gave it up. I'm very interested in following the individual route as you are doing and have been studying and am now about to start some paper experimentations to get into it. I'll be keen to follow your thread on this and look forward to developing some conservative trading as I go; but, like you, only if I can square away enough time to keep constant track or control of it. Anyway, great to see you here. Take care.

Best regards,

thelema

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Hi Thelema,

Congratulations on the Mod status and thanks for the kind words.
Seems we have a few things in common my friend!

When I started this thread, I swore to myself that I would publish failures as well as successes, show everything, 'warts an all'.

Please feel free to chip in whenever you like, between us we will crack this 'black box' called FOREX that some purposely shroud in mystery.

I'm taking a few days away from live trades whilst I tweak my trading system with a couple of new indicators I am attempting to understand, but will be back with full details when ready.

Take it easy.

Investor.

:cheers:

Quote:

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Originally Posted by YogiBrood

Sorry to note this personal disappointment you had but looking at this as a incidental trade-off... I'm sure the wisdom retrieved will bear better hallmarks in reducing others from ANY stand off....since it is like a "cloak & dagger" kind of involvement which after awhile, and with you hopefully, members will be enriched and come out profiting someday soon....thanks to your continued determination to overcome the uphill stride in this sector... all the best there.... we're behind ya mate!:ro_emote:


YB. cheers and keep going at it...:beer:

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Cheers YB.:cheers:

If members learn something from this, then my work will be done.:rofl:

FOREX is definitely the way forward and really interesting once you get into it, so as you said, stay determined and roll with the punches.:thumbsup:

Time to try something a little different, after all, I am still experimenting.

I don't normally enter trades on a Friday evening (just before the market closes in the uk), and I don't normally trade GBP/CHF, but I have entered a long position at 2.3541.

Seven different indicators said "DO IT!", so I did.

Lets see what happens when the market opens tonight.:ro_emote:

Quote:

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Originally Posted by investor

Time to try something a little different, after all, I am still experimenting.

I don't normally enter trades on a Friday evening (just before the market closes in the uk), and I don't normally trade GBP/CHF, but I have entered a long position at 2.3541.

Seven different indicators said "DO IT!", so I did.

Lets see what happens when the market opens tonight.:ro_emote:

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Closed this one at 14 pips profit. Market started a sideways move then started a reversal.

Looks like I must stick to my trading system/philosophy whereby I wait until the market has settled and found direction.

The market tends to be extremely volatile just before close and during the first day of opening. The closing market tends to have 'rallies' and the opening market reacts to any weekend financial news that has occured whilst closed.

In with a long (buy) position on EUR/USD at 1.3258

I will post an update later be it good or bad.:rolleyes:

Quote:

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Originally Posted by investor

In with a long (buy) position on EUR/USD at 1.3258

I will post an update later be it good or bad.:rolleyes:

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Once again, proof that I should stick to my trading strategy.

Closed this one with 14 pips loss.

Can't see anything else that I fancy trading at the moment but will evaluate the market later today.

Hello, I'm back.

Been a bit lazy with the trading since the Christmas holiday. Took time off and never returned.

I have however, been working on a new trading system which I have had some success with. See picture below.

Basically, if the red and green line fall below the blue line, and there is enough volume in the MACD to indicate direction, you have a sell signal.

If the red and green are above the blue line, and MACD says there is volume, you have a buy signal.

It works OK on all timeframes, but the example is a 5 minute time frame.

OK Forexers, tear it apart and tell me what you think.

Attachment 495

Most of the time I trade EUR/JPY pair in FreshForex broker cause I think it's easy to understand one continent economic news but when we will try to grab all over the worlds news then it will be extremely tough.

the choice of broker must be able to be considered carefully, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

Sometimes the market remains highly volatile and traders should remain abstain from trading during high market volatility.

The selection of the existing broker must be able to be considered properly, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.

We, where in this trade, are required to always try to carry out learning stages to make us able to trade profitably. We can use a demo account for us to learn how to trade properly and correctly

the existing business must be able to run well, this is done so that traders can be more leverage in getting maximum trading security and comfort like what I got from Tickmill.