I believe nailed it. Essentially forex is just a game of probabilities. If you can recognise a situation from the market where there is a probability that x is going to happen then you'll have an...
Type: Posts; User: pkpkno
I believe nailed it. Essentially forex is just a game of probabilities. If you can recognise a situation from the market where there is a probability that x is going to happen then you'll have an...
90062 Hello Scotty B,
Are you saying then that you don't think in technical analysis?
What about those who trade with the trend... and I mean trend not intraday noise? Is it not possible...
95294
Cheers!
95294 Ok. I must have been specific. That I supposed overall; the large picture of increasing my chance of winning As soon as I talked. I accept and agree that any person trade can go from you for...
90062 Okay, I'm not going to argue for the sake of recovering. My point is that if you know what you are doing you are jumping in trusting that you get lucky.
My reasons for taking a trade do...
90062 Truly... though if you're a great driver you simply take every essential step and precaution to guarantee you get into where you need to go without coming right into trouble.
...
90062 Then you may also state that what we do (in existence ) is gambling. Running any business is a bet. Driving to work in the daytime is a bet (we can't guarantee we will make it there).
...
First week went Fairly well...
EUR/USD 200
GBP/USD 600
Total 800
Hello IliaM,
Yeah we are still around! Although we have a tendency to hang around here now: https://www.nigeriaforextrading.com/trading-system-and-egies/62-pivot-trading-journal.html
Great...
Third week has been a week at pips and experience. I needed to make a couple of judgment calls which happened to work out in my favor. I might have just been blessed of course - but I'm hoping it...
Yesterday's E/U short came really near getting stopped out at breakeven last night but has managed to live and is now in profit https://www.nigeriaforextrading.com/attachments/1527557808.png
...
I've decided to take the short from 1.3050. Price has attempted the horizontal resistance at 1.3080 a few times and so far can not appear to push .
I believe there's still a chance of 1.3100...
Sell GBP/USD @ 1.3900 (Stopped outside at 1.3800 to get 100)
Anticipating a Sell on EUR/USD at the 1.3100 area (Sold @ 1.3050, see article below).
Thank You PC!
Yesterday's EUR/USD Short was discontinued at 1.3000 today for 300 pips so no new e/u orders were placed today.
Took an instant loss on GBP/USD today - Sold @ 1.3900, got...
It sounds taking the time to think about the general tendencies and make my mind up entering my transactions yesterday has repaid!
GBP/USD was stopped out for 400 in 1.4300
EUR/USD is...
It is the beginning of another week and I'm having trouble deciding what to do now! Well really, I had difficulty determining what to do... today's rankings are as follows:
EUR/USD Sell @...
Hi,
I like simplicity but I find a lot of individuals seem to overlook the simple methods since they don't think trading can be that straightforward. Of course entrances are only the start...
...
Hi Howard,
Over the past year I have been trying to trade according to Jacko's method. It's a very simple method but it's a bit too optional for me (I'm not knocking it - it is just not quite...
I have completed trading for the week now. I am not happy about the current E/U and G/U movement right now so I've decided to call it a day and start the weekend early.
Second week went well...
Well I'm continuing to wait for my next entrance. E/U made up it beyond 1.3200 but could not reach 1.3300 (not yet anyway!) And broke the tiny upward trendline which I had charted; therefore I'm in...
Yesterday's EUR/USD Short was stopped out today at 1.3150 to get 100 pips - not bad but I was hoping to get a little more of a movement out of it now! If my bias stays short then 1.3300 seems like...
I have resolved to re-enter the market! I am making a note here of my thinking at the time that I can reflect on it later (which could result in me saying exactly what the hell was I thinking!) ...
Both positions Started on 13 January now closed:
EUR/USD closed @ 1.3300 (Breakeven)
GBP/USD closed @ 1.4600 ( 200)
Sell EUR/USD @ 1.3300 (Cease loss moved to breakeven)
Sell GBP/USD @ 1.4800 (Cease loss currently moved to 1.4600)
Since beginning this diary at the start of the year I have been asked by a few individuals to describe how I transaction, so here it goes:
I trade the trend. I learned to do so with assistance...