Another re-check of all my trades revealed that my biggest position which is on USD/JPY is in wrong direction. I am long and next support is below my sl. This position alone is 2/5th of my total postions on all the pairs. I don't know which rule to ...

Chicky's Trading Journal

Doblece, Sorry I was away with my family for a dinner. This is interesting discussion. I do not promise anything but my this idea may give you some food for thought. 1. For last ten days, I tried to accumulate few pips winning on balance, sometimes ...

How to evaluate consistency?

I got you. Would like to add that there are two types of traders 1) who win on balance and compound their earnings with consistency as Trading in The Zone describes. 2) Trader keep their losses uniform to catch a big move like Reminscences of A ...

How to evaluate consistency?

How do you define consistency: 1. Uniform risk per trade 2. Consistently following plans 3. Do not enter prematurely i.e. consistently wait for right set-up 4. Trade only certain particular situations 5. Not changing trades once entered 6. Uniform $ ...

How to evaluate consistency?

Anything can happen, but the only issue I see on this drawdown is that I took a bite bigger than what I can swallow. However, the biggest loss is on a GBP trade that I was not very confident from the very begining, should have kept position size ...

Chicky's Trading Journal

Jay, more than 4,000 pips loss in one single session. I don't know where my hat is but head still on shoulders.

Chicky's Trading Journal

It takes much more than learning few technical tools and reading a couple of news clips over breakfast to prove that you are a real trader All trades posted in this journal are from one of my five accounts. This is the only account I traded ...

Chicky's Trading Journal

I liked the term "Thieves of Wall Street". That's why all major traders switched to longer term timeframes. They keep their money in bank lockers (long term) to save it from pick-pocket thugs (short-term).

EURUSD

Explain me oil at $147 and at $37. Explain me a 5 second spike that wiped my account off a few months ago. No such spike on reciprocal pairs. Explain me outrageous spreads. Explain me money games are not dirty. Explain me Madoff, explain me Ponzi, ...

EURUSD

A bounce down from a TL on daily. I was expecting it break up for last 24 hours but is bounced. Made some quick 32 pips in two minutes and got out. AUD crosses look bullish to me, therefore got out as soon as I could after getting my wages. ps. I ...

EURUSD

Summary of Trade Results Previous: +3,928 pips Above AUD/USD quick trade: +32 pips Total: +3,960 pips

Chicky's Trading Journal

AUD/USD Sold at .8051 (10 positions) Bounced down from trend line, but has equal chance of breaking this TL up as daily close is right on the TL. SL .8102 TP .800 Quickly closed for +32 pips as there are strong supports down

Chicky's Trading Journal

On the other note, you may like to check AUD/USD for some quick bucks.

EURUSD

Summary of Trade Results Previous: +3,721 pip Above trade closed one hour before Frankfurt open: +207 pips Total: +3,928 Still nursing semi on more opportunities during London session ps. Eur/Usd may go down near to 1.3950 during Frankfurt or London ...

Chicky's Trading Journal

Gator, if I correctly remember in those days one would move up but not the other, then both would move down hand in hand .... repeat ..... repeat, and ..... repeat. This is how parity changed in those days.

EURUSD

On Dec 25th it at least moves is a narrow channel, but this one is like chained in a electric chair ......... however, it will be us who will ultimately receive the final jolt.

EURUSD

Eur/Usd B 1.4044 (10 positions) Small break to north on 15M probably up to 1.405x SL 1.3978 TP 1.4082 Added 10 more positions at 1.4042 Closed all 20 positions for +207 pips around 1.4056

Chicky's Trading Journal

Comments on my trading This is a trading journal and therefore primary purpose of this thread is to log trades and thoughts for self-learning and sharing experience / thoughts with others. I am not sure if too many people peek into this thread, but ...

Chicky's Trading Journal

Summary of Trade Results Previous: +3,431 pip Tokyo open: +290 pips Total: +3,721 Still nursing semi on Australian dollar Long and CAD Short. Will wait for right time.[/quote]

Chicky's Trading Journal

Eur/Usd B 1.3989 (1 unit) Daily trend up, support below SL 1.3726 TP 1.4255 Added 20 units when it crossed 1.4002 and closed at 1.4035 or so. P/L : +290 pips

Chicky's Trading Journal