This week I have managed to manually close this trade. I'd like to share my experience of losing this OANDA:GBPUSD trade because I believe not only myself, but others a learn from all of the mistakes I made physically, and psychologically in this trade. I can come back, and analyze this later. I have managed to learn how to break my trading plan, once...
This week I have managed to cut my losses short. Where I am from we call it "taking an L". I am grateful to trade another day, but today, I'd like to share my experience of losing this trade, because I believe not only myself, but others a learn from all of the mistakes I made physically, and psychologically in this trade. I can come back, and analyze this later....
I am starting to grow as a beginner trader, and I like to share the small wins with everyone. OANDA:GBPJPY has been a pair I have been studying for the past 180 days. It has been on a massive bull market for the past 60 days, creating new highs this par has not seen in eight years. This week overall has been very profitable. I still have to manage to learn how...
This is my first trade with PEPPERSTONE:NAS100 where I managed to close 1:8. I look forward to more potential setups like these to share in the future. My mentor and I went over this trade over a Zoom call last night. I'd like to share the recorded call. If you like to see it, leave a comment. I post it on YouTube. A technique I learned from Kelly Ogbonna was...
GBPJPY, This is my first trade where I managed to close 1:8. I look forward to more potential setups like these to share in the future. In conclusion, I'd like to share my trading journal entry... DID I FOLLOW MY PLAN? Yes. I exercised Support & Resistance Followed the trend, it's my friend! Set my stop loss according to my risk-reward ratio WHAT DID I DO...
The middle of this week has been very profitable. I am managing to stick to my trading plan consistently. A lesson I have learned is to allow the price to breathe, and when the price gets into an even zone, Move my stop loss in profit! Another lesson I have learned is to apply more than 1 strategy to my trades. Yes, It is good to stick to one you are comfortable...
The start of this week has been very profitable. I am managing to stick to my trading plan consistently. A lesson I have learned is to allow price to breathe, and when price gets into a even zone, Move my stop loss in profit! Another lesson I have learned is to apply more than 1 strategy to my trades. Yes, It is good to stick to one you are comfortable with, but...
This week has been very profitable. I have managed to learn how to stick to my trading plan. A lesson I have learned this week is to "get in, and get out", one, the market fluctuates according to the session, two, price is not going to match your account balance goals, and three, when in profit trail, and stop it. Proper risk management, as well as improper risk...
Gee, golly, did you see how long it took for this trade PEPPERSTONE:GBPUSD to exit drawdown. It was only this morning after a long week of drawdown, and a even longer weekend of backtesting, the results are in! We set our stop loss, and allow the market to work. I have officially earned my very first $100 ever on the markets. According to my trading journal, my...
HOORAY! I am extremely proud to earn my very first $50 bucks trading on the markets! Now that I've gotten that out of the way, I'd like to share my experience trading this pair over the weekend, as well as give you some feedback about myself while in the live trade, because it may help someone like you out there in the future. Since I started working closely with...
The big lesson I had to learn on this trade was risk management. My mentor has drilled in my head the value of risk management, so I decided to set a stop loss for this particular trade. You may ask where? My answer to you would be: in profit... In order to pull something like this off, you have to be a risk taker, because, when we entered this trade, we did...
My mentor, and I have a totally different bias on AU. I heard him out, and watched as he charted both sides. His main confluence was a bearish engulfing candlestick on the monthly chart. Pushing him toward "sells" only in the month of April. While that can be intimidating, on the technical side, along with his other confluences, I see potential continuation of an...