Jimz0r

AUDUSD: Waiting to get filled on this nice Bat pattern

Long
FX:AUDUSD   Australian Dollar / U.S. Dollar
4
Hello Traders,

My name is Jimmy, I'm from Holland.

The first trade with real money i've placed was this summer june 11. And gues what ... i made $300 in 1 hour. I was like why on earth am i working for $10 p/h i need to quit my job immediately!

The last trade i placed with real money was July the 1st. I lost all my money in 3 weeks.
Glad i didn't quit my job.

BUT i was stil hopefull. There need to be a way to make money with traiding without reading the newpaper every morning and gues what the market is going to do. Lets be honest thats just like gamling guessing where to put your money in is like guessing on what numbers you put your money in the casino.

I was looking around on the internet and i've found a video of Jason Stapleton who send me to he's website www.TradeEmpowered.com. Plenty of free video's to learn how you should trade. And also thanks to the syndicate not because of the potential trade they share every morning. But because of all the story's Jason share with about psychology it was really helpful for me.

Being a profitable trader is not only about winning trades. It's about moneymanagement and consistent.

So Hope you guys had a great week. Thanks to Tradeempowered.com it's getting better and better for me.
My tradingplan is finaly finished and started to forward testing it last week. Jason always says trade your plan atleast for 2 months with a demo account before trading with real money. IF you don't make any profit with fake money why should you make profit with real money? So this is week 1/8 till now i made profit but you need to be consistent although you had a terrible week. If your backtesting proved that it works then you need to be patient.

I'm glad it's possible to share my idea's since i've got no friends who are intrested in trading.
So this is a great way to share my expierence with others who wants to be profitable.

At this point i'm only focussing on patern trades so if you would like to get up to date about pattern trades or about my story to be a profitable trader hit the follow button.

I've got a Bulish bat on my Radar with the AUDUSD on the 4h Chart.
Also with alot of support so let's lean back and see how it's going to roll.

Limit order and Stoploss:
Limit order: 0.6985
Stop loss: 0.6890

We have a higher W/L ratio then 1.1 i've put my stops 10 pips below the psychological price level of 0.6900 to be sure not getting stopped out by a few pips.

Initial Targets
Target 1: 0.7137
Target 2: 0.7230

Looking forward to your replys
Thank you

Jimmy du Bois
The way to a succesful trader.
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