Hello if you are reading this.
This thread is a place for my ramblings, if you want to join in, please do but keep it polite. Otherwise, this is not the thread you are looking for, move along.....
Background
I have been trading forex on and off for many years, tried all sorts of systems, mechanical, EA, S/R, 5 minute, 1 hour, you name it. As a mathematical person I have always believed there is a way out there to consistent profits as charts regularly create patterns and waves... Its easy to see in the past, just not so easy to see them as they develop.
I am like many in the UK a wage slave, I work a job i don't like just to earn enough to pay the bills. The monkey on my back has always been money, and earning enough to become financially independent. I have a dream of opening a little woodworking workshop and making fancy items lol.. But to do that i need a passive income.
Where am I at right now.
I have developed a system that I began on 1st September. Since then my initial deposit of £175 has turned into £500. I have good hopes for it, but this is not why I am posting..... Please do not ask for the system.
All I will say is its daily charts looking to get in early on a trend change. Cut losses and run profits until trend slows.
I am posting because the biggest threat going forward as I see it is the emotional rollercoaster of having larger sums of money at risk. I want a way to not only monitor my trading, but also record my thoughts and feelings. Recently I have several positions in a large gain, but watched in panic as that gain reduced dramatically during the day. Most of it came back, but if I feel that way with tens of pounds at stake, how will I feel with hundreds of pounds at stake?
Anyway.. my trade explorer is there for all to see. I recently closed all my open positions due to the impending USA presidential election. I will begin again after that (probably Wednesday)
For info I am UK based. Trade off daily charts and open / close trades at about 9/10 pm GMT.
I'll probably edit this post with more info in the future
This thread is a place for my ramblings, if you want to join in, please do but keep it polite. Otherwise, this is not the thread you are looking for, move along.....
Background
I have been trading forex on and off for many years, tried all sorts of systems, mechanical, EA, S/R, 5 minute, 1 hour, you name it. As a mathematical person I have always believed there is a way out there to consistent profits as charts regularly create patterns and waves... Its easy to see in the past, just not so easy to see them as they develop.
I am like many in the UK a wage slave, I work a job i don't like just to earn enough to pay the bills. The monkey on my back has always been money, and earning enough to become financially independent. I have a dream of opening a little woodworking workshop and making fancy items lol.. But to do that i need a passive income.
Where am I at right now.
I have developed a system that I began on 1st September. Since then my initial deposit of £175 has turned into £500. I have good hopes for it, but this is not why I am posting..... Please do not ask for the system.
All I will say is its daily charts looking to get in early on a trend change. Cut losses and run profits until trend slows.
I am posting because the biggest threat going forward as I see it is the emotional rollercoaster of having larger sums of money at risk. I want a way to not only monitor my trading, but also record my thoughts and feelings. Recently I have several positions in a large gain, but watched in panic as that gain reduced dramatically during the day. Most of it came back, but if I feel that way with tens of pounds at stake, how will I feel with hundreds of pounds at stake?
Anyway.. my trade explorer is there for all to see. I recently closed all my open positions due to the impending USA presidential election. I will begin again after that (probably Wednesday)
For info I am UK based. Trade off daily charts and open / close trades at about 9/10 pm GMT.
I'll probably edit this post with more info in the future
All opinions stated are purely opinions.. I may be wrong!