$700 to $50,000 Journey -
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thread: $700 to $50,000 Journey

  1. #11
    Junior Member bafran17's Avatar
    4
    LetusForex, Rajesh.d,, Kxeroo,

    Thank You for your Comments.

    Yes, I awakened at the beginning, likely coming out from severe cold... but felt as though I was more fearful than greedy following my TE public. I understand this is precisely what I have to go through, performing under stress although I suppose I was , so I'm going to have to train myself.

    I do understand I'm over leveraged. Using 0.50 lot with $500 is mad but doesn't mean 5 lot at $5,000.
    This is likely to make my transactions considerably more discerning because I know I can not mess up.
    I'm pretty comfortable trading at this level unlike initial few days where I was at a disadvantage (i.e. cold, TE people ) and will facilitate out on leverage as the balance develops and getting more comfortable.

    Due ~

  2. #12
    Junior Member JavielipkDV's Avatar
    2
    So you#8217;re beginning using a currency pair with a spread of approx 1.0 instead of EUR/USD, on which you might get spreads of approx 0.2, there#8217;s your first mistake right there, have you ever analysed the huge impact that can have and taken into consideration the poorer fills, slippage etc you#8217;ll get together with your chosen pair? You#8217;ve already made a critical rookie error whilst still on the starting blocks.

  3. #13
    Junior Member oxrayabril2's Avatar
    1
    Good to see your come back.

  4. #14
    Hello folks. Have been trading for several years. But everytime when I get hit, it is because of greed. I will try my best to not let greed get in the way by means of this journal. Trading the pair only Daytrading in the 1 min chart From 7:00am - 12:00pm EST or during New York session Daily aim is 20 pips daily I'm expecting to miss alot of transactions so therefore I would need to stay in check with FOMO as well as greed. I might need to wait for hours to get few good trades. Since starting with little account, I will be trading very aggressive. Assessing...
    good post; subscribed!

  5. #15
    quote you are a truly seasoned trader,so I would not argue with you on this subject but I have traded 4 hourly without consulting D1 and had quite bad experience.But I haven't traded under 4HTF. May be 1 min scalping is ok to go with 4HTF. In the event you find this egy successful then I am also in,that doesn't desire green pips. I was sharing my experience and warning him to check Daily time period.
    I exchange intraday just; and I don't look at charts above hourly charts.

    Multi interval trading is trading master***ion within my opinion

  6. #16
    Good fortune FastPipn, good choice, GJ, runs like hell 20 pips greater than reasonable. My favorite GJ too, trading it on demo sometimes.
    One per week that I check daily, 4hrs, once a day hr chart but just for the heck of it. Absolutely irrelevant for me on these. I dont need to get into calling or fortune telling.
    I utilize 5 M for birds eye perspective, basically for intra day trend, management. 1M is my principal chart for trading choices and 8 Tick chart is for time entrance with SL max 6-7 pips.

  7. #17
    Junior Member bafran17's Avatar
    4
    Good luck, good option, GJ, runs like hell 20 pips more than realistic. My preferred GJ also, trading it on demonion sometimes. One a week I check daily, 4hrs, once a day hr chart but only for the heck of it. Absolutely irrelevant for me whats on them. I dont want to get into forecasting or fortune telling. I use 5 M for birds eye view, basically for intra day fad, management. 1M is my main chart for trading choices and 8 Tick chart is for time entrance with SL max 6-7 pips.
    Thanks. Launched with EUR/USD afterward GBP/USD. Dabbled with USD/JPY and USD/CAD, all four pairs as a result of low spread but realized they were very sensitive to USD news during US Session especially USD/CAD. Then jump on to GBP/JPY and little bit of GBP/AUD.

  8. #18
    quote Thanks. Launched with EUR/USD then GBP/USD. Dabbled with USD/JPY and USD/CAD, all 4 pairs as a result of low spread but realized they were very sensitive to USD news throughout US Session especially USD/CAD. Then jump to GBP/JPY and little bit of GBP/AUD.
    My favourite is GJ, a little bit crazy. Excellent choice is EJ. . I really don't like EU. It moves lately but most of the time quite lame. Spread is reduced but when GJ moves 25, EU 5 -6-7 so really a god deal saving a pip or so on spread and following that getting 5-6p rather 25 -26de following a good trade. EJ is between, good choice I think for traders who wish to concentrate on a single or maximum 2 pairs, short term intra day trading. For me the biggest challenge is entry.Thats the very essential part. How to enter so the position will be in profit in a moment or so. How to ch little swing at the right time in the right direction. Takes a lot of screen time to master that.Thats why I utilize 8tick chart for entrance.

  9. #19
    I want to discourage you but it doesnt look like that you're trading for several years,I suggest you to start analyzing from atleast daily or even weekly.

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