current dip? — Is this short term profit taking or reversal? Please educate "the novice"...not asking for signals here but just wanted to learn

EURUSD

Trade-13: Breakeven — So..The big lesson learned today is STAY AWAY FROM NEWS!! DO NOT TRADE NEWS....DO NOT TRADE NEWS...DO NOT TRADE NEWS But there is another lesson learned that try to trade London session. This is the one which saved me, ...

My trading journal

Senior members please enlighten the novices — Thanks Jill If it is already known then why was there this nanke's dip. Is this short term hit with rapid correction back to original. Giving "smart money" a chance to hunt stops?

EURUSD

This testimonyat 2:00 !! — This "nanke... thing at 2:00 PM and my account is all drained!! Oh no..lesson learned rather a BIG BIG one is STAY AWAY FROM NEWS JILL!!!

My trading journal

Trade-12: PROFIT but with little spice — Okay, so this is different. As I mentioned earlier, I was planning to tweak my money management. Therefore, I experimented a bit on this trade. Yesterday night, while the market was in its "strategic" ...

My trading journal

Interesting — I agree it is interesting pair and gives good correlation of movement for EURUSD if analysed in conjunction with GBPUSD. I will add this to my charts for analysis on EURUSD

EUR/GBP - What a great pair to trade!

What a waving flag again — Okay from the last post. This time the "waving flag" is in the inverse direction. I am no expert. I am rather super idiot novice and neophyte in this FOREX JUNGLE just trying to sharpen my skill and observation and ...

My trading journal

Volume — Hi Oz Do you think that volumes may be significant decision factor during the consolidation/ accumulation / distribution phase

My Trading Journey thus Far

Trade-11: PROFIT — Short EURUSD at 1.28905 (July 20, 2010: Approximately 3:05 PM) Take profit of 6 PIPS: 1.28845 Profit: $18.00 on 0.30 lots Current equity 648.01 from 630.01 Total real money lost (10$) Lesson learned: The reason for this ...

My trading journal

Trade-10: PROFIT — Long EURUSD at 1.28548 (July 20, 2010: Approximately 8:30 AM) Take profit of 6 PIPS: 1.29488 Profit: $17.40 on 0.29 lots Current equity 630.01 from 612.61 Total real money lost (10$) It looks like I am though taking an ...

My trading journal

Trade-9: PROFIT — Long EURUSD at 1.29912 (July 19, 2010: Approximately 12:00 Midnight) Take profit of 6 PIPS: 1.29972 Profit: $17.40 on 0.29 lots Current equity 612.61 from 595.21 Total real money lost (10$)

My trading journal

waving flag — image What a waving flag! Looks like strong resistance on its way. I will wait for the gravity to act on EUR. Figure 2 is the followup of waving flag after London session open image

My trading journal

Trade-8: PROFIT — Long EURUSD at 1.29590 (July 19, 2010: Approximately 10:05 PM) Take profit of 4 PIPS: 1.29630 Profit: $11.20 on 0.28 lots Current equity 595.21 from 584.01 Total real money lost (10$) image

My trading journal

Trade-7: PROFIT — Short EURUSD at 1.29471 (July 19, 2010: Approximately 2:00 PM) Take profit of 4 PIPS: 1.29431 Profit: $11.20 on 0.28 lots Current equity 584.01 from 572.81 This was scary since there was projected loss of almost $ 50 on this ...

My trading journal

Trade-6: PROFIT — Short EURUSD at 1.29666 (July 19, 2010: 11:32 AM) Take profit of 3 PIPS: 1.29636 Profit: $8.40 on 0.28 lots Current equity 572.81 from 564.41 Trade based on recent failed support Total real money lost (10$)

My trading journal

Trade-5: PROFIT — Long EURUSD at 1.29654 (July 19, 2010: 7:10 AM) Take profit of 3 PIPS: 1.29684 Profit: $8.40 on 0.28 lots Current equity 564.41 from 556.01 Lesson learned: I am still an idiot neophyte This was the most stupid entry I had and ...

My trading journal

Trade-4: PROFIT — Short EURUSD at 1.29073 (July 18, 2010: 11.40 PM) Take profit of 3 PIPS: 1.29043 Profit: $8.40 on 0.28 lots Current equity 556.01 from 547.61 Of-course the big dogs must be smiling, laughing or thinking totally stupid on me ...

My trading journal

Thanks — Thanks for your reply. Hope I will reach that point someday

What is the maximum number of lots that I can play with?

Is 170 standard lots possible — Please let me know that if I follow percentage equity model then at one point the number of lots come to about 170 standard lots. Please advice that this much amount of trade is practical at any point of ...

What is the maximum number of lots that I can play with?

Hi from a novice — Just a Hi from another Novice "to be trader". You have very nicely outlined your trader evolution. Congratulations and appreciate that you have courage for opening live account right away (probably success in DEMO pushed you ...

My Trading Journey thus Far