PLEASE NOTE THAT THIS JOURNAL NO LONG VALID A LOT HAD BEEN CHANGED BUT I DIDN'T TIME TO PUT IN HERE.
I KEEP IT FOR MY FURTHER REFFERENCE PURPOSE ONLY
Hi All,
Update 7-11-09
1. I might try to kill the scout after 2 continious bars against me & if I'm not win up to 5 bars(25mins) I quit I'll try that.
2. Read somewhere to trade news wait until thing settlesafter news announcement then take the pull on the other side if the set up is there.
3. I'll try reduce scout side so I dont feel any pressure on rescue.
First of all I would like to thank to Fti who started TAF thread without Fti I guess I'm still going no where. Thanks to Maheswara(my mentor) who is very smart young guy which is guiding me to the right direction. Also thanks to Lusan & GEfx for thier journals which I learn a lot from them, specially thier charts which tell everything(some time it's very hard to understand without charts)
I'm a newbie & this is my trading records for my reference and also to improve my trading. All comments are welcome.
My trading rules are very simple, I beleive in KISS
1. never trade more than one pair at a time. Normally I trade only EUR/USD
2. follow the dancing step.
3. Trade 1-2-3 pattern & also HH HL & LL LH that's all.
4. Skew 1-1-1-1.......... first. I 'll learn how to do Fibo later when I gain more confidence.
5.Rescue - I have to work out & put a big sign on the black board for rescue teams Cos when I'm trading - no time to calculate, rite now just roughly guessing.
rite now my scout is 1000units (oanda)demo I 'll go live soon with oanda,few hundred dollars worth for learning. I trade only on Tuesday & Friday(my day off)
I have changed my 1st scout will be 100units to test market whether I'm in the right direction.
I'll update from time to time of my first post so reminding me of important issues.
Best regards,
Pete
I KEEP IT FOR MY FURTHER REFFERENCE PURPOSE ONLY
Hi All,
Update 7-11-09
1. I might try to kill the scout after 2 continious bars against me & if I'm not win up to 5 bars(25mins) I quit I'll try that.
2. Read somewhere to trade news wait until thing settlesafter news announcement then take the pull on the other side if the set up is there.
3. I'll try reduce scout side so I dont feel any pressure on rescue.
First of all I would like to thank to Fti who started TAF thread without Fti I guess I'm still going no where. Thanks to Maheswara(my mentor) who is very smart young guy which is guiding me to the right direction. Also thanks to Lusan & GEfx for thier journals which I learn a lot from them, specially thier charts which tell everything(some time it's very hard to understand without charts)
I'm a newbie & this is my trading records for my reference and also to improve my trading. All comments are welcome.
My trading rules are very simple, I beleive in KISS
1. never trade more than one pair at a time. Normally I trade only EUR/USD
2. follow the dancing step.
3. Trade 1-2-3 pattern & also HH HL & LL LH that's all.
4. Skew 1-1-1-1.......... first. I 'll learn how to do Fibo later when I gain more confidence.
5.Rescue - I have to work out & put a big sign on the black board for rescue teams Cos when I'm trading - no time to calculate, rite now just roughly guessing.
rite now my scout is 1000units (oanda)demo I 'll go live soon with oanda,few hundred dollars worth for learning. I trade only on Tuesday & Friday(my day off)
I have changed my 1st scout will be 100units to test market whether I'm in the right direction.
I'll update from time to time of my first post so reminding me of important issues.
Best regards,
Pete