8.6 Max DD so far. Set my SL @ 12pips. Only slightly in the green pips right now. Looking for a test of at least 4100 level.

Tug-of-War Journal

Bought the EU @ 40797

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Three minutes to EU M15 Candle close. Looks like a pretty nice trade forming. Will keep an eye on it. Am cautious today as early non-farm numbers come out later.

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Closed trade +14.7pips. Added +2.3% to account. DrawDown was 4 pips. Used less margin than was available because of initial risk involved.

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Long from 4057. Will wait to see what happens...

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Looks like EU is warming up for a move north. I am ready to place my longs when it happens.

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Fair enough. Good trading to you.

EURUSD

Good morning Veer, Your post has me a little confused... Does this trade feel like "Buying Low"? I'm not saying you don't have a valid trade but can you defend your position a little? I mean you are buying with a target well beyond resistance. ...

EURUSD

I did something a little different in regards to MM. I took my average loss in pips, then figured how much I should trade. Taking into account how much loss I am willing to sustain. After I knew how much I should trade I turned it into a percentage ...

Let's talk money management

For Everyone — Everyone should read this for their trading benefit. Thanks to FTI. All About...The Foreign Exchange Market in the United States url Plus Green, Red, and Blue Candles(GRaB Candles).

Let's find your indicator-ebooks for mt4

Glad I took this trade this morning before I offed to work. Trades like this don't all work out. Added +16% to my live account. I cheated a bit in leaving this live trade while I went to work... It is always ever difficult to wait for the ...

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As a side note I need to remind myself that trades change as market conditions change throughout the day. A valid long in the London Session may no longer be valid in the late NY Session. This is the reason I don't leave live trades on while I am ...

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I managed to add +3.6% to my live account on this entry. I like to call it the London Open Reversal. I am going to leave this demo trade on while I go to work. SL is 10pips. I think it has the potential to run farther(quite a lot farther actually) ...

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I am very happy with the outcome of this entry. I took this picture this morning before I went to work thinking this would be a possibility. This type of thing makes me impatient to begin trading full time.... But patience is key. If I am hasty in ...

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Critical Questions For Trading — Some questions that need answers before successful trading can take place. 1. What does a Trend look like? 2. What does a Trend Reversal look like? 3. What does a Range look like? 4. What does a True Breakout ...

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Impediments to learning Forex — Today I want to write down some of the things that have impeded my growth in Forex. Many of them are mentalities, but I think some of them are experiential. I. I was born and raised in the U.S.A. where we no ...

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Thanks GeurillaWar Things moved in a similar way today at Non-Farm release... I think I recall someone saying Eur/Usd likes to use 70s and 30s in the same manner as round numbers. Today would seem to circumstantially support that theory, but the key ...

Price Attraction Points

I would consider buying here with a range play with a SL of 10pips. Reasoning: 1. nearing end of NY session. not real close but not too far 2. seeing weakness in the downtrend PA 3. dual-edged liquidity play a. liquidity/stops resides on top of this ...

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I think I'm allowed to say, 'I told me so!" It is nice when your thoughts line up with the market more than 'once in a blue moon'. Trading has really been getting better and better for me lately.

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A very nice entry... Going to work soon and cannot monitor the trade tho. I won't take it. I got to trade yesterday(Snow day). Only five more months to go full time.

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