....Scalping the pipping pip outta it....Live...
Results from this thread so far.....(this page updated Daily)
14Jan Lot 1:.+075 Lot 2: +141 Total: +216
15Jan Lot 1:.+142 Lot 2: +330 Total: +472
16Jan Lot 1:.+130 Lot 2:.+167 Total: +297
19Jan Lot 1:.+033 Lot 2:.+087 Total: +120 (US Bank Holiday)
20Jan Lot 1:.+258 Lot 2: +126 Total: +384
21Jan Lot 1:.+205 Lot 2: +525 Total: +730
22Jan Lot 1:.+202 Lot 2: +178 Total: +380
23Jan Lot 1:.+273 Lot 2: +225 Total: +498
26Jan Lot 1:.+155 Lot 2: +462 Total: +617
27Jan Lot 1:.+169 Lot 2: +212 Total: +382
28Jan Lot 1:.+050 Lot 2: +214 Total: +264
29Jan Lot 1:.+143 Lot 2: +366 Total: +509
30Jan Lot 1:.+136 Lot 2: +220 Total: +356
04Feb Lot 1:.+195 Lot 2:.+287 Total: +482
05Feb Lot 1:.+104 Lot 2:.+270 Total: +374
06Feb Lot 1:.+188 Lot 2:.+299 Total: +487
09Feb Lot 1:.+545 Lot 2:.+404 Total: +949
12Feb Lot 1:.+370 Lot 2:.+515 Total: +830
13Feb Lot 1: +060 Lot 2:.+199 Total: +259(Short day, only 6 trades)
_________________Running Total: +8606
Total Trades:..................461
Winning and B/E Trades:.424
Losing Trades:..................57
Max Consecutive wins before losing trade: 24
Max Consecutive Losing trades: 3
Largest drawdown: 45 pips
Hello fellow traders,
I am normally a mid to long term trader, but I will be keeping a journal of some of my live scalping trades here (whilst I have a bit of free time).
If I give you my trading story as maybe this would help you to understand how I trade. Like many I entered Forex blindly and looked to wherever I could for advice and guidance.
Firstly, when I started trading, I just entered trades thinking “I am sure price will go here...” Unfortunately I was correct, this lead to the feeling of “this is easy, I’m an expert...”LOL. Of course the emotions had taken control and before I knew it I was trading with huge risk. The days came when the market decided I was just another wannabie and killed my account.
I was naive and believed in a quick route to riches.
Having lost money numerous times again, I decided to check through the forums looking for a profitable system. I thought to myself “OK, I’ll just copy what other profitable traders are doing with indicator x, y and z. Collecting pips will be like taking candy off a baby” Yet again I was disappointed. Systems that worked well in ranges chewed up accounts in trending markets and visa versa. I would stare at the charts and see that the indicators were telling me BUY/SELL and watch with distain as the trade went in the opposite direction to what the indicators showed was a great entry.
This was the point that I noticed that if I had gone with what I saw in price instead of what the indicators were saying, I would have been successful. I couldn’t go down this route though, surely I must be wrong and it’s just a fluke? Nobody can trade like that? It’s just suicide. I dismissed those thoughts of just trading price action and persisted with indicators/systems until I yet again began to lose money.
I had actually seen that if I had just traded what “I SAW” and not what the indicators said I would be surviving the markets, but still I refused to believe in myself.
This is the point I came to, I had ruined my first 2 accounts and lost tens of thousands of pounds (real money), I was so emotionally drained I just pulled out the remainder of my cash and thought “It’s just not possible to make any money in Forex over the long term. I’m sure traders in the 5% are doing well, good luck to them, I’m just not cut out for it”.
I turned my back on the markets for a while until I was watching CNBC one day and saw a commentator talking about commodities with a gold and oil chart thrown up. I was looking at the chart on TV and thought...I would sell right “here”. Gold hit its high the next day and fell the next week without looking back. I posted this on another forum just to record my trade and gave a commentary as price was about to drop. The forum still exists (that forum is not Forex related but has the trade time/date stamped.) I still didn’t want to trade again even though I would have made a fortune. Next I looked at the OIL chart, same again, just a naked chart. I watched the ticks and saw where to sell...I sold $2 from the high. May sound like complete bullocks to many of you and I wouldn’t blame you if you didn’t believe me, I have nothing to prove to myself.
Like a scolded child, I reopened my forex charts.....I saw the indicators...off they went. I ditched the candles/commentary/pre-news release expected figures/experts advice/S=R/Pivots/Fibs and just looked at price “now”.
I thought to myself “OK. I don’t have to make this work. I don’t have to make money. I don’t need forex. The promise of “get rich quick” had faded into distant memory. The hype of “Well, the advice from Mr X must be right because he is a chief trader for a major institution” passed me by. I frankly didn’t care what anyone said about price direction.
I watched the price again and again, hour after hour, day after day. Nothing else. I began to place my trades again. The first few trades were profitable, but I had learnt not to let my ego and emotions take over. I had lost any kind of feeling and knew it was a good thing. The trades were numerous and consistently profitable, but still I always thought before entering a trade “How much could I lose here?” instead of “How much can I profit?”. My main purpose was to ensure I didn’t try and get revenge on the market if price went against me. Losing trades became just a number; winning trades became just a number. A losing trade resulted in thinking “I was wrong. The market wasn’t ready for my entry. Move along.” and was quickly forgotten about. Likewise, a winning trade jumping +300 pips with a 10 or 15 SL resulted in my thinking “I was right. The market was ready for my entry. Move along.” And was quickly forgotten about.
I wouldn’t try and add up my wins/loses until I had finished trading every day. If I had a great day, I would think “OK, don’t change anything.” If I had a losing day I would think “OK, don’t change anything.”
I gradually learnt that the only way to learn trading is the hard way. I have learnt my lessons from my past mistakes and now just see trading as “slightly boring”. I have learnt there are no get rich quick holy grails. I have learnt that the only profitable way to trade for me is by just looking at price.
I really don’t care what is happening on the news tomorrow; I don’t let it affect my trading. I don’t care what “might” happen with interest rates. I don’t care that the market is “showing a potential retrace” according to experts. All I care about when I trade is “now”. I am absorbed into the chart and price, I see nothing else. Nothing distracts me whilst I trade. (Posting my trades here in real time was difficult but is becoming easier), the time passes quickly and then I know when to stop. When I stop I count the results for the day, but even if negative it doesn’t bother me. I know the week will be positive. |
狗仔卡
发表于 2009-2-18 15:23:13
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