EURCAD trade - update

this trade still going on, looks good so far... +170 pips so far.

May 30th results

As said earlier, this week was terrible for 1 minute daily again. One of the trades got me out earlier because I moved my SL to BE+, but at least it wasn't a loss. I had 19 trades this week, 3 of them were other system, pinbar price action trades, from which 1 was win, 2 were losses. For 1 minute it was 5:11, which is very bad. I believe it will change soon. Hopefully I will learn how to avoid trading when this system doesn't have good results... If any of you guys here reading it trade 1 minute too and have an idea how to avoid these bad times I would appreciate it if you could write it in the comment:) Thanks and let's believe in better future!:)

Down we go again...

Since I cannot login now to my account, I will post the results for the week tonight or tommorow. Still, this week was again losing week... My acount is at around 700 USD. Exact numbers later...

EURCAD trade

Since 1 min daily isn't working as usually these days, I looked for some other trades... This one is based more or less on position trading as RB teaches it at Forex SST. I risk less than 5% of acc. here and my first target is 1.2690. There I will sell half of my position and move my SL to BE...

Here is a pic

May 22nd weekly results

Unfortunately another bad week. It looked very nice on thursday but then 4 losses in a row came and moved my account back to where it started last week:) There were 12 trades in 1 minute daily, 5 wins 7 losses. The statistical probability says we must have a positive week ahead of us...:)

...kinda looks like a double top, doesn't it?:) I hope the technical analysis doesn't work on my account statement chart...

This is crucial, read it!

I didn't know how to catch your guys' attention, so I have used such a dramatic title...:) There has been a discusion under one of my posts on whether it is more important to make pips or have positive percentage of wins. I made an excell sheet where you can see the results for trading style like 1 minute daily is. You really do not need to be positive in pips, if you have your win ratio positive... If you want to make money on forex and are serious with trading, you have to understand money management properly. It makes the difference between trading and making money...:)

May 16th weekly results

This week was one of the bad ones, that must come from time to time...:) 9 trades, 3 wins and 6 losses. I missed one trade because I was away on a trip, so it could have been 4:6 and plus around 150 USD to my account. Still I would end up quite negative. There is a big "spike" in the chart due to 4 losses in a row. Those losses came one after another, there was no winning trade between them and that ment serious lowering of the account. I included EURJPY in my trading this week, but only when the band's width is lower than 120 pips or so. First trade was a win:) Looking forward to see next week...

No system is perfect...

I don't hide losing trades... 1 minute daily is a wonderful system but as I mentioned several times, it doesn't (and cannot) work 100% times. These are losers from the beginning of the week... They were expected after last week of winning streak:)

AUDCAD channel trade - update 4

Just to answer Casey on her question on lesson learned...:) See what happend to the trade after my SL got hit. It made a move up which wouldn't reach my original SL though and then moved down to hit my target profit. The lesson is I shouldn't have moved my original SL. But since the trade ended up positive this is a good lesson:)

1 minute trades this week

I actually don't post many of the 1 minute trades, which is a shame, because it provides significantly more gain than everything else to my account. So this is this week on both pairs I trade...

Crazy end of the week brings crazy results:)

I decided not to trade at all today after crazy yesterday. The channel for my breakout system in every pair is very wide and thus I don't want to trade it.
BUT, the week ended up to be very profitable and it starts to get serious:) I teoretically did what this blog was made for. My account is now over 2.000 USD, which is several thousands:) But I will continue in writing here because I want to show that this is just the beginning... Here is the equity curve:

13 trades this week, 11 wins, 2 losses... The account grew 78%.

EURCHF

Finally something happened here... And I like it:) +250 pips right now












...and after a few hours, +315 pips, that is +16% of my account by the time the trade was opened...

I am taking the profit of +318 pips on 4 micro lots. It could go further but I believe with compound interest I can make more money...

AUDCAD channel trade - update 3

SL hit which means +2 pips:) Another lesson learned. Every lesson that doesnt mean loss is great!:)

AUDCAD channel trade - update 2

I just moved my SL to BE+2. The price is now in a little consolidation and will hopefully move down towards the target.

AUDCAD channel trade - update

Just moved my SL to 9410, the possible loss decreases... So far so good

AUDCAD channel trade

I just went short on this pair, risking a little bit less than 5% of my account = 7 micro lots. I believe it will stay in its channel and will go down to 9250 area. We might get in little trouble around 9350. R:R is 1:1,35.

EURCHF - SL moved

I just moved my SL to BE+2 so I can leave it to do what it has to do... This pair is really slow but can make quick moves all of a sudden... The pinbar here looks awesome:)

Statistics

Overall statistics of my trading. As you see, not even 60% winning rate can make you money...

Trade statement

This is my trade statement from April 21st... This is real time trading:) Donť know how to post the whole thing but it is not that imprortant I think.