15 minutes to success

[Gal?ctico]

The title makes me laugh. It reminds me minute Abs or some of the Forex trading systems marketed on the web -- Insider teaches you that the secret to ensured success in just 15 minutes a day.


Onto Trading.

[Gal?ctico]

My intentions for this trading egy are to utilize tight stoplosses, take profits when the market tells me to, and possess a top win/loss ratio. Is win/loss ratio everything? No. Search the forum and make your mind . My journal is not the place. I will discuss how I handle money management in a subsequent time.

Trade Outcomes for now:

10:00 GMT
Sell USD/CAD
Entrance 1.0536
Exit 1.0523
SL 1.0551
Pips 13

In case everyone can teach me on how to display an excerpt from my journal spreadsheet here I would much appreciate it.

[Gal?ctico]

Took a couple of days off, nissed some nice movements. Wow!

Trade Results for today (Aug 13)

09:30 GMT
Sell GBP/USD
Entrance 2.0183
Exit 2.0178
SL 2.0198
Pips 5

This one seemed a little shaky so I took what the marketplace gave me was pleased to depart with a gain.

15:45 GMT
Sell USD/CAD
Entrance 1.0502
Exit 1.0502
SL 1.0517 (trailing stop)
Pips 0

This transaction is ongoing. Establish a trailing stop since I have to go someplace. Stopped out while in transit at breakeven. Most likely would have closed this manually ching 10-15 pips. Oh well. There's plenty of opportunities ahead.

Today's Pips: 5
Weekly Pips: 5
Total Pips: 18

[Gal?ctico]

I just wish to talk to some thing I noticed in myself some time back that limited my success when short term trading. That's the if only situation. Going back and looking at a graph and saying man if only I had kept my position I might have made 50 pips or whatever that value is. The reason this line of thinking was harmful for me personally was it made me question my exits and sit trades which were moving against me because I wanted to hit the triple, the homerun, or even better. . .the grand slam. When I should have been pleased with one. When short term trading a lot of singles results in more RBI's than the triples and beyond.

Do you believe Tony Gwynn was mad with one or wished he had shut his eyes and swung for the fence? I believe not. He made it into the Baseball Hall of Fame in the first chance because he was a high percentage, always successful hitter. So make certain to lock in profit. Who cares if it's just 5 pips (true you will not have folks here oncliqforexthinking you are a trading ace and providing you alms). These 5 pips for a single trader might be worth much more than 100 pips for a second. Fantastic Trading!

[Gal?ctico]

03:00 GMT
Sell GBP/JPY
Entry 237.16
Exit 237.02
SL 237.31
Pips 14

15:15 GMT
Purchase GBP/JPY
Entry 236.85
Exit 236.90
SL 236.72
Pips 5

16:15 GMT
Sell GBP/JPY
Entry 236.01
Exit 236.11
SL 236.86
Pips 10

Today's Pips: 29
Weekly Pips: 34
Total Pips: 47

[Gal?ctico]

I've been remiss in posting my trades. I will try to post my trades as real-time as possible moving forward. My trades over the vaions:

https://www.cliqforex.com/attachments/1518167986.jpg
Merry Christmas/Happy Holidays