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- pipprincess' trading journalStarted Dec 2, 2007|Trading Journals|109 replies
I thought i'd take a leaf out of other people's book and start my own blog. Im hoping this will be ...
- pipprincess replied Dec 1, 2007
I (mostly) day trade and i like to keep things as simple as possible. My suggestions to you based on the things that have worked for me would be to simplify, simplify and simplify again!
Help a newbie pleaseFocus on just one pair, and delete all indicators or keep ...
- pipprincess replied Dec 1, 2007
well said, blueruby — Well said blueruby, that's why i use stoplosses if a trade goes against me to the point where i know it's wrong. For me, the best way to gather my thoughts after a trading SNAFU is to have NO postion, not a frozen loss.
Hedge a losing position?
- pipprincess replied Dec 1, 2007
Hi Ado — I'm more comfortable with GJ because I've been trading it almost exclusively for a while now and the familiarity is a great benefit in showing me signals to trade and signals to stay out. I think GJ spread is overrated.
EUR/JPY Vs. GBP/JPYI guess it ...
- pipprincess replied Nov 13, 2007
I agree; it's obviously about beginners, not people who've been trading for decades!
Response to "Please, 95% of traders don't lose their accounts!"
- pipprincess replied Nov 12, 2007
To be honest i've never heard of any completely automatic system that was profitable over more than a short period of time. A few months ago i saw one that won a contest with impressive results, but it was only for the duration of the competition so ...
Can an automated trading system really work?
- pipprincess replied Nov 12, 2007
Well it depends. I mean if you've not yet found a way that suits you then there's no harm in trying something new, but why change a method you're comfortable with and it's working for something that might not? It took me about 2 years to find the ...
The area of comfort.
- pipprincess replied Nov 9, 2007
Interesting question.
Win/Loss Ratio and R/R Ratio Link?In my experience - yes! I think the benefit of good rr is over touted and misleading, imo. When i went for a good RR on every trade it gave a bad hit rate, many trades that could've been decent turned into loss or BE rather ...
- pipprincess replied Nov 8, 2007
Well said. — A *very* short career as a scalper on my first mini account taught me that same lesson.
Real Scalping, Impossible?I know a good scalper or two; some can do it, but i think most people are better off taking it easy.
- pipprincess replied Nov 7, 2007
The analysis in this thread is helpful, but im gonna stay out for a while. The pound and the yen are both strong, so while the bias on GJ is down, you can see in the price action that it's struggling against alot of support and it only gets a bit ...
CHART Reading for serious traders
- pipprincess replied Nov 7, 2007
T-stops protect pips but that doesn't mean they always let winners run. I think we need to be careful with it, otherwise all it does is drag your stop into the noise and cut your profits short unneccessarily. I still use T-stop occasionally but i'm ...
Trailing Stop
- pipprincess replied Nov 4, 2007
Analysts? Well, since my own trading got a helluva lot better when stopped reading and listening to analysis - even from the so called "good" sources - ive nothing good to say about them either.
Analysts? Poor Traders
- pipprincess replied Nov 1, 2007
Thanks!
CHART Reading for serious tradersYes - if it goes that way. I was in from 234 on tuesday last week, up to 237 this week - even though my intended target was 240. It was sooo frustrating to watch price blow through it but i didn't want to chase. Still, the short made a ...
- pipprincess replied Nov 1, 2007
Top down
Traders do it with MTF, with the daily, 1 hour and 15 minute chart. If the daily is stuck in a tight range, then ill day trade with the hourly and 15 minute; if there's a daily trend then ill use only the daily and the 1 hour, but i watch them all three ...
- pipprincess replied Nov 1, 2007
Nice!
CHART Reading for serious tradersI prematurely exited a long that i'd held since last Tuesday, so I was hoping it would pull back some.
- pipprincess replied Oct 31, 2007
You shorted it just before the NR crisis? Bummer!
Can I expect EUR/GBP to go back down?But... there's a good lesson it for you which might be missed if the pair returns back to where you want it. Of course it will feel good, but prolly in the long run it isn't.
- pipprincess replied Sep 22, 2007
1. This is not for me. Pointless to risk everything on one trade. The cons outweigh any "pros" on this one, imo. I used to go to this online trading room where they dont use sl's and the last i heard they have 100% hit rate in profitable trades, but ...
Drawdown or Stop Loss
- pipprincess replied Sep 21, 2007
I often take entries on the 5 or 15 min tf, and once im in the trade ill pull out to a longer tf. It's working well for me.
5 minute charts
- pipprincess replied Sep 21, 2007
G/J is my favourite to to trade also, especially when it breaks out.
Which currency pair do you trade the most?