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- Rosscub replied Aug 13, 2008
8/13/08 Trade 5 — The next trade was an attempt to add to my long position on the pullback, but the upward movement proved to lack enough strength to maintain its direction. I was stopped out for a -18 pip loss.
- Rosscub replied Aug 13, 2008
8/13/08 Trade 4 — After being stopped out of my short trades, price moved upward and I entered long for a possible up trend initiation. Price moved up enough for me to move my stop to breakeven, but it then reversed and stopped me out.
- Rosscub replied Aug 13, 2008
8/13/08 Trade 3 — Another attempt to trade the pullback. This trade yielded a -17 pip loss.
- Rosscub replied Aug 13, 2008
8/13/08 Trade 2 — The second trade was a pullback to the first trade. Price only moved down slightly before reversing and taking me out for a -15 pip loss.
- Rosscub replied Aug 13, 2008
8/13/08 Trade 1 — Today we had similar trading conditions as yesterday, and we aslo had the same kind of results too. The EUR/USD has been caught in basically a 100 pip range between 1.4950 and 1.4850, forming a sideways channel. As I've ...
- Rosscub replied Aug 12, 2008
8/12/08 Trade 5 — For my fifth and final trade of the day, I entered short looking for a new trend initiation, but price formed a double bottom and then reversed to stop me out with a -20 pip loss. Today I took 5 trades which resulted in 5 ...
- Rosscub replied Aug 12, 2008
8/12/08 Trade 4 — In this trade I entered on the pullback, but price moved further down and stopped me out for a -12 pip loss.
- Rosscub replied Aug 12, 2008
8/12/08 Trade 3 — Yet another trade stopped while looking for an upward entry. This trade resulted in a -20 pip loss.
- Rosscub replied Aug 12, 2008
8/12/08 Trade 2 — Here is my second trade where I attempted to find the continuation of the upward movement. I was quickly stopped out for -20 pip loss.
- Rosscub replied Aug 12, 2008
8/12/08 Trade 1 — The direction for this morning was north, but the lack of momentum and high voltility caused my stops to be repeatedly hit before any profit could be realized. This is one of the most difficult trading conditions for my ...
- Rosscub replied Aug 11, 2008
8/11/08 Trade 4 — My last trade of the day was off the pullback of the last swing low. I trailed until stopped out for a -4 pip loss. It was a choppy morning with a downward bias, but we saw no real selling pressure. Today I took 4 trades with ...
- Rosscub replied Aug 11, 2008
8/11/08 Trade 3 — After some consolidation, price broke downward and I took a trend continuation trade, but I was later stopped out at break even.
- Rosscub replied Aug 11, 2008
8/11/08 — My second trade was off a pullback to the downward movement. I trailed until stopped for a 30 pip profit.
- Rosscub replied Aug 11, 2008
8/11/08 Trade 1 — The market gapped downward on the open last night; then it double bottomed around support at 1.4950 before the Euro session saw a 150+ pip retracement to Friday's move south. This morning I began with a short trend initiation ...
- Rosscub replied Aug 10, 2008
Welcome — Hi Daveadamsbds, Welcome to the forum, and thank you for sharing your thoughts and ideas. While I do agree with much of what you stated, such as, "You need patience to be really successful in trading," and, "After a few losing trades ...
- Rosscub replied Aug 9, 2008
So what is the best way or most advantageous vantage from which to view your account? Is it dollars, pips, or something else? I cast my lot toward something else. Mrgreen is right when he says you need to take your eyes off the money. When I'm ...
- Rosscub replied Aug 8, 2008
8/8/08 Trade 3 — After being stopped out, price formed a new low, retraced, and then signaled a new entry on the pullback. After price formed a double top, it moved south until almost touching 1.5000. Afterwards, it began its retracement and I ...
- Rosscub replied Aug 8, 2008
8/8/08 Trade 2 — After forming a new low, price retraced and gave me an opportunity to enter on a pullback. Price then dropped again, and afterwards, I was taken out of the market with my trailing stop at news time by 1 pip (most likely due to ...
- Rosscub replied Aug 8, 2008
8/8/08 Trade 1 — Another big day with lots of volatility. Price moved almost twice its ATR and came close to touching the 1.5000 number, which is above some major support around 1.4950. If this number doesn't hold, we may see a test of 1.4600 ...
- Rosscub replied Aug 7, 2008
Recommendations — Hi FX_California, What is it that you expect from trading Forex? Is it a hobby or do you want it to become a profitable business. If you want it to be a business that brings you a revenue stream, then you need to treat it as ...