USDCAD Buy 1.1176 Sell 1.1128 EURUSD Buy 1.3651 Sell 1.3619
What to do when you make a mistake?
Sometime we all make mistakes. It can be pressing a wrong button, forgetting to close an order, opening a position bigger than intended, etc. What should you do when you discover your mistake? The answer is plain and simple: close that position immediately regardless whether that accident benefited you or caused a loss. As I … [Read more…]
Mo, Jan. 20 overnight order result: -69 pips
EURUSD did not cooperate. The stop loss was hit for a total loss of 69 pips.
EURUSD order update
The order got filled at 1.3529, the stop loss is moved to 1.3552
Mon., Jan. 20 overnight order
EURUSD Sell 1.3529 SL 1.3571 P1= 1.3511 P2= 1.3501
Sun., Jan 19 trade result: +20 pips
GBPUSD stop loss orders were triggered and the remaining 2 unts were closed at break even price. The total is +20 pips.
GBPUSD update: +20 pips so far
Profit target P1 is reached, the stop loss orders for the remaining 2 units are moved to the break even point of 1.6431
Su., Jan. 19 overnight order
GBPUSD Buy 1.6431 SL 1.6388 P1= 1.6451 P2= 1.6471
Question from a new forex trader
Message:Good day I am a relatively new forex trader. I have tried trading live and made some money but ended up losing it all again. I have read through your blog on the link you provided and I see you have been making consistent wins and limiting you losses very nicely. Can you possibly help … [Read more…]
Jan. 17, End of week results: +155 pips (Total: +1455 pips)
For a better illustration, I am going to keep weekly stats from the beginning of this blog: Week 1: +231 pips Week 2: – 19 pips Week 3: +415 pips Week 4: +366 pips Week 5: +137 pips Week 6: +150 pips Week 7: + 20 pips Week 8: +155 pips Total: +1455 pips