10 would be probably too close although sometimes it can be used. It depends on where I think price will retrace before I believe the trade is going in the wrong direction. I will ensure now that I am using a consistent position size as looking back ...

Why Can't I Trade?!

Thanks for posting however basket trading is not something I like as I don;t like excessive drawdown. I like to concentrate on my set 4 pairs and trade these intraday as I am more comfortable with this and prefer to be in and out within the day. My ...

Why Can't I Trade?!

So this morning before I leave the house I noted 15630 as a level to buy around. When I next checked the chart I saw the price had already reacted of this level and so although I missed the ideal entry I entered at market with a 20pip stop loss at ...

Why Can't I Trade?!

Not sure this is the best way forward Thanks to the other posters from today I am taking all comments on board and will use where I feel it can assist in my goals.

Why Can't I Trade?!

Agree SheldonFX - since starting this log I have traded very little which has helped to take the urge away to trade. Also setting my take profit and stop levels has helped too and one of my rules is no more than two losers on one day or the station ...

Why Can't I Trade?!

Was on shift at work and no access available.

Why Can't I Trade?!

This was todays missed opportunity. Price hit the support area at 15558 and pushed though but then immediately pushed back above the level, the long signal was on the re touch of this level. Take profit would be the old highs at 15630 which is also ...

Why Can't I Trade?!

Can only base this on last 62 trades but the % is 44% with average win at 20pips and average loss at 15 pips. Alarmingly (position size on loser) means my average loss losing more equity than my average winners are gaining.

Why Can't I Trade?!

Yeah thats fair to a degree although this thread is solely to address those issues. Emotionally trade management and position sizing have had the most negative affect on my account balance which have come from trying to "make it" too quickly rather ...

Why Can't I Trade?!

Zoom in to the charts and see how price reacted at those levels today - shit they are not. Each and every one trades differently and I look for my levels to hit a marked support or resistance and then I look for the buy or sell signal after that. As ...

Why Can't I Trade?!

Usually 40 pips is where I look to take profit with my typical stop being anything from 12 -20pips as an average although sometimes ill go as much as 30.

Why Can't I Trade?!

Nice discipline, good luck.

Why Can't I Trade?!

WC 140615 Thoughts EurUsd - Long GbpUsd - Long So if EurUsd stays above 11140 I will continue to look to long this pair during the week looking for 11400+ If GbpUsd stays above 15430 again I will remain in a long only state as I think we will aim ...

Why Can't I Trade?!

Yes a shame there you were a little too early and hit with a news whipsaw but with a tight stop loss in place drama averted. I'll take a closer look at Wyckoff on holiday as my main study has been Larry Williams. No trades rest of week as I haven't ...

Why Can't I Trade?!

No - this ended up as a BE trade as my manual stop loss was hit at break-even. Unfortunately my broker does not permit trailing stop from the mobile application, I did consider taking partial profits but as an issue I have had is letting the winners ...

Why Can't I Trade?!

Sell limit not triggered. Sell stop triggered and at breakeven. Back to 😴

Why Can't I Trade?!

If the old highs aren't taken first I'll also have a sell stop at 07665, stop loss 20 pips with a 60 pips take profit. This is a new pair for me as I don't often trade it but the 4hr shows a nice downtrend from Mid May so while we remain below 07720 ...

Why Can't I Trade?!

Looking at AudUsd this evening and the chart suggests selling rallies. Therefore there seems to be old highs at 07720 that could be targeted during the Sydney / Asia session so I have a limit order set just shy of this. First target would be old ...

Why Can't I Trade?!

Yes Tavurth - I plan to post losing trades as well, it just so happens this was the first trade since this thread started.

Why Can't I Trade?!

Greed & Fear are definitely an issue. Part of my new plan is always having the final objective in mind so I know that my R:R is greater than 1:3. This will mean I will leave pips behind but overall I make a positive improvement day over day.

Why Can't I Trade?!