Nugget: Some FX wizard once said, 'our priority is not making profit but avoiding a loss where we could.' I hope to keep this in mind! KP

Simply Keen Pips Weekly

Made a loss on the GU trade. Although I did not wait for proper trade set up or check for proper placing, I got 27 pips but I wanted more. Had I traded based on my trading plan, I could have made 50 pips. Lesson: I should wait for proper setup and ...

Simply Keen Pips Weekly

Bought GU. image image image

Simply Keen Pips Weekly

Have narrowed the pairs I trade to four after seeing that three pairs were not appealing to my personality and trading style. Will focus on EU, GU, AU & EG for now. KP

Simply Keen Pips Weekly

Taking inventory of the pairs I trade ahead of the new month. Will be dropping one pair from my list for more efficient trading. Looks like I will get better results with few pairs. KP

Simply Keen Pips Weekly

Yes an inverted hammer or shooting star. May bode well for shorts in the month ahead. KP

EURUSD

Timing is key... I entered too early, SL hit! Stepped aside from AUDUSD atm. KP

Simply Keen Pips Weekly

My bias for AUDUSD atm is for a short trade. image image

Simply Keen Pips Weekly

Fibigero, this a dangerous approach. You stand to lose both ways. Have you heard about stop hunting? You can get hunted both ways! KP

buy and sell stop before weekend gap

Nugget: In FX trading, it is more important to have enough money to trade tomorrow than to keep trading today in the hope of making money! KP

Simply Keen Pips Weekly

I use Sunday evening to prepare my charts for the week. Usually, this involves updating the SD or SR zones I had identified on the weekly and 4-hour charts. Also, this evening, as I have two unrealized profits to take which I was not able to take ...

Simply Keen Pips Weekly

What do you mean by 'where the EURUSD opened at?' KP

EURUSD

Have you examined your expectations? Are you asking for too much too soon? Perhaps, you need to have clear trading rules regarding what qualifies for a very good setup and entry. KP

Consistent Profit in Trading

Point taken. Have a sound trading system and strategy which you are comfortable with and back it up with sound self-control, aka psychology. KP

Consistent Profit in Trading

BE means break even. It is when you move your stop loss (SL) in the direction of the trend or price movement to at least cover your risk (i.e. the number of pips or amount of money you risked as a stop loss). KP

Avoid this Rookie mistake

Good point! Determination itself involves dedication and discipline.

Pound Trader Weekly Message

The simple fact, the simple secret: If you are not under financial pressure, if you are not desperate for money, if you are not greedy to get on a trade. If you stay cool, focused and apply a proven, methodical approach to Forex trading, the money ...

Who makes real money from forex?

Learn what you can and take what you can from the forum. But be focused and develop your own trading edge. KP

EURUSD

Dkrock, your thread is really down-to-earth. KP

LFX Trading Proverbs