I did not trade FMT today, nor Fast FMT because of the holiday in UK. I will stay away from trading of this system till Tuesday...
However I have had a pretty good day trading my system today... I managed to recover all losses from yesterday and even make some more pips. Also all 3 trades that are still open have already some pips secured, so I consider this a winning week:)
I will post here some of the trades, maybe some of you can find something interesting for yourself in it...
This system obviously doesnt work every time. Sometimes I get in too early... But as long as I keep my winning percentage at least around 50%, I will make profit, because the winners are bigger than the losers...
Have a nice weekend:)
4/29/2011
4/28/2011
April 28th
FMT and Fast FMT no trades today...
In my trading I have a second day in a row with more losses, but it just normal way trading goes. The account is still not connected to Myfxbook, dont know why. I have already written an email to the support...
In my trading I have a second day in a row with more losses, but it just normal way trading goes. The account is still not connected to Myfxbook, dont know why. I have already written an email to the support...
4/27/2011
4/26/2011
Today's trades
I have had some nice trades today on my new account:) Because my trading is more about discretion than strictly looking for some indicator to cross or pop up, here are some examples... Here is also my statement. Firstly I had some small losers but I didn't give up and then the patience paid off.
and the trades...
... hope it makes things more clear :)
I just closed the second trade on usdchf two pips before hitting the TP (it went down 10 sec after I closed it so I should have waited but still very nice profit:)).
and the trades...
... hope it makes things more clear :)
I just closed the second trade on usdchf two pips before hitting the TP (it went down 10 sec after I closed it so I should have waited but still very nice profit:)).
Change of broker
Hi fellow traders:)
I am moving to from FxClearing (my trading) and FxPro (Morning Forex) to InstaForex. The reason is that their accounts have annual interest rate 13% (yes, really!!!) and also if you open the account through Cashback forex you get 1,3 pip rebate back... That means quite a significant money back for your trading.
I traded Morning forex for the first time today (due to Easter holiday I skipped Friday and Monday) with result of -40 pips on standard MFT and +10 pips on the other method (SL 40, TP 10 pips)... Looking forward to see how it works:) I will trade every day with 5% of my account and will try to update the results also every day...
My trading without a change. I will connect my account to Myfxbook to have a proof:)
I am moving to from FxClearing (my trading) and FxPro (Morning Forex) to InstaForex. The reason is that their accounts have annual interest rate 13% (yes, really!!!) and also if you open the account through Cashback forex you get 1,3 pip rebate back... That means quite a significant money back for your trading.
I traded Morning forex for the first time today (due to Easter holiday I skipped Friday and Monday) with result of -40 pips on standard MFT and +10 pips on the other method (SL 40, TP 10 pips)... Looking forward to see how it works:) I will trade every day with 5% of my account and will try to update the results also every day...
My trading without a change. I will connect my account to Myfxbook to have a proof:)
4/21/2011
Update April 21st
I finally have a free evening to write some more info about my recent trading status:)
I will start trading Forex Morning Trade tomorrow. I backtested it for some time and it is very easy to set and has very nice profitability. I will trade it on my FxPro account, which I opened through Cashbackforex web to receive some money back...
On my Zulutrade account I went through some tough experience gaining... Margin call:( I lost 400 USD, my account went down to 330 USD. So I added 250 USD and erased all risky providers, also placing hard SL to every Signal provider I use. Since then, I am gaining very nicely. My problem is to stay calm and not try to add risky providers. I promise to myself here that I will not be greedy again!:)
My own trading is going pretty well. I left long timeframe because I realized I am too impatient:) I look at 4hr or 1hr chart but mostly trade on 15 min charts. What I look for is price action, support and resistance, trends... here is an example of my todays trade on UJ. My SL is usually 20-30 pips, TP around 50. So far I have 50% of winners from 259 trades, my winners are bigger than losers though. The overall stats is on Myfxbook on the right side of my blog. I always risk 2-6% of my account...
I will start trading Forex Morning Trade tomorrow. I backtested it for some time and it is very easy to set and has very nice profitability. I will trade it on my FxPro account, which I opened through Cashbackforex web to receive some money back...
On my Zulutrade account I went through some tough experience gaining... Margin call:( I lost 400 USD, my account went down to 330 USD. So I added 250 USD and erased all risky providers, also placing hard SL to every Signal provider I use. Since then, I am gaining very nicely. My problem is to stay calm and not try to add risky providers. I promise to myself here that I will not be greedy again!:)
My own trading is going pretty well. I left long timeframe because I realized I am too impatient:) I look at 4hr or 1hr chart but mostly trade on 15 min charts. What I look for is price action, support and resistance, trends... here is an example of my todays trade on UJ. My SL is usually 20-30 pips, TP around 50. So far I have 50% of winners from 259 trades, my winners are bigger than losers though. The overall stats is on Myfxbook on the right side of my blog. I always risk 2-6% of my account...
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