If there's a holy grail. This is it. But who knew trading the trend after a pullback would be harder than picking tops and bottoms. No wonder so many rather pick reverse moves. Defining the direction can be tricky, timing your entry after a ...

The Trader's Academy - by Traders for Traders

Indeed ! But they should be as part of the plan.

30 pips a day

It's been a month since I started trading on demo What have I learned ? I'm finally getting the hang of this. When I open up a chart any timeframe any pattern, I usually have an idea where price is likely to head. I've had success with demo trading ...

What now?

GBPUSD long

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if you don't have an edge one day your luck will run out. and no matter how much you believe in yourself that you can make money every time you click that BUY/SELL, it won't matter. I don't like statistics, but trading is a game of statistics, you ...

AHA moment

GBPNZD long SL hit wtf just happened ?? EURCHF short SL hit +63pips yesterday today +63pips. what did I learn today ? anything that can happen will happen. the only to beat this game is to keep your winning positions running with SL to BE, GA is at ...

What now?

GBPNZD long Still a bit nervous opening up trades on live account. I'm not even trading 1lot , but 0.01lot. Looks like I've got to keep trading 0.01lot until I master my craft. if it does go few pips 10-20 above my entry prior to the announcement ...

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I may trade today we'll see if I"m going to get a setup. But tomorrow too much going on. I'll take a day off. Friday ? we'll see but looks like I"m going to have to avoid GBP and EUR and CHF since they're all correlated.

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I'm not sure if I want to be caught in the midst of the chaos. FOMC is due tonight. My guess before FOMC is that USD pairs will stay flat for the most part until after the announcement, since USD and YEN pairs are correlated I'm seeing the same ...

What now?

EURAUD -10pips CHFJPY -11pips Thus far -21pips for the day. The moment I start to get this rolling with a few consecutive winner trades, I start messing things up by taking just about anything. These 2 could potentially go up and could have hit my ...

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I'm thinking about trading these kinds of setups. It's opposite of the long setups I've been trading.

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how do you preserve capital ? I've seen some people with 70% win rate and yet few losses would wipe out the whole gain (almost) I think being not too greedy is an obvious measure since we're still playing with probabilities regardless of your belief ...

Consistency Journal

NZDCHF long is doing fine btw. I'm thinking I should probably have SL very tight unless I"m pretty damn sure about the setup but then again there's no guarantee in trading the markets. Making pips is great. But preservation of capital is ESSENTIAL.

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NZDCHF long on demo closed with +1pips. Decided to take my approach to live account. Keeping the lot size to 0.01lot. Closed GBPAUD long short I meant +63pips.

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NZDCHF long in again

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NZDCHF long closed -7pips I usually don't bail out of positions but this didn't look too good. I might want to give it another try.

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Trade 8 NZDCHF long

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I just realized Carney is speaking in a few hours. I'll stay flat.

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