Experiment in money management for friends — Note: Chart should read Tuesday vs. Monday

My GBPJPY trade journal

Monday summary — I slept through alerts to cell phone, gave up 100 pips.

My GBPJPY trade journal

Sunday overnight trades — Started out on the left foot, too close to the trees and neglected the forest. Or was it vice versa? Chart and summary

My GBPJPY trade journal

Comments about brokers — I do feel selecting the right broker is important. I've tried four brokers over the years with varying results. I've been with my present broker for seven years. Trading is tough enough to master consistently, you ...

My GBPJPY trade journal

Missed opportunity: No trade Wednesday overnight — Chart with comment

My GBPJPY trade journal

Tuesday summary — Tuesday trades summary

My GBPJPY trade journal

Tuesday overnight trades — Below is an earlier pre-trade analysis chart, as well as final result to the downside. Grade for the session: C Things eventually turned out as was discussed at the meeting this evening, i.e. price dropping to the ...

My GBPJPY trade journal

Monday — No trade Monday (overnight). Chart

My GBPJPY trade journal

Sunday overnight trade — Chart and trade summary

My GBPJPY trade journal

I'm glad the strategy is helpful — The strategy does work. The key is patience, waiting for the setups. Cheers

My GBPJPY trade journal

Slooooww — Tuesday overnight chart. No trade this session.

My GBPJPY trade journal

Re: Worth the wait — Hi, Sree. I agree, it's worth waiting until a ripe setup comes along. How will you know? I set price alerts to my cell phone around floors and ceilings I'm interested in. When the alerts pop off (the fish bites the hook ...

My GBPJPY trade journal

True Grit: more than a newspaper. Tuesday morning trade — Note: Red arrow on right side of chart should read "up" vs. down.

My GBPJPY trade journal

No trade Monday overnight — Earlier chart with comment

My GBPJPY trade journal

No trade Sunday overnight — Chart and commentry

My GBPJPY trade journal

Re: Where to place stop loss — Patrino, Refer to other posts on this thread regarding stop loss. I usually don't place a stop loss initially. This implies I have chosen a high probability, risk/reward setup. After the trade has moved in my ...

My GBPJPY trade journal

Re: How to calculate entry on a trade — Hello, Patrino. You are quite right, one currency is enough. In years past I was trading all the majors and it was confusing. I lost money. Reason: each currency has a personality. One currency is ...

My GBPJPY trade journal

Hello Ghadeer — Hi Ghadeer, Thanks for the post, I'm glad you find the charts helpful. Despite the simplicity of my strategy, or having an understanding of the indicators and what they are telling you, I know winning consistently at currency ...

My GBPJPY trade journal

Re: I have ever had a margin call? — Hi Reds4fx, I had margin calls in my learning years. How about you, have you had margin calls? Cheers

My GBPJPY trade journal

Thursday/Friday morning. No trade. — Chart analysis and comment.

My GBPJPY trade journal