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Into the weekend with a profit

AdamFx42 Posted 14 Oct.  in #Trader's blog #Next Week #Plan #NZD Long
I managed to head into the weekend with a slight profit today
I am short AudNzd - this trade is still open for about 3Milj.
I plan to go long Nzd next week again after a pullback
I shall be looking for opportunities in crosses like GbpNzd short, NzdUsd long,
NzdCad long and NzdChf long
Have a good weekend all
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DAY 28 - HAVE A PLAN - TRADE YOUR PLAN

alifari Updated 28 Aug.  in #Trader's blog #Trade #Plan
“A losing trade is not necessarily a bad trade. A bad trade is when you did not follow your Trading Plan.
Accept your mistake, learn from it, and move on. The big enemy is always between our ears"

Follow your trading plan with patience and discipline, have proper risk management and the money will come to you. When I started, out I lost lot of money because all I wanted was more money. I was dreaming to get a luxury car, new house etc. but I did not have a proper trading plan, did not follow ris…
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Plans for Next Month, Possible Changes Due to Summer

fxsurprise8 Posted 1 Aug.  in #Trader's blog #Plan #Trading Plan #Range Trading #Trader's Contest
July has been a tough month for me. I expected this because my systems follow either trends or momentum, both of which have been lacking this month. I ended the period down by 45,000, after a large margin call on the last day.
This event is the perfect ilustraion why trading was hard in July. I was heavily long the US Dollar going into the U S Employment Cost Index, which is usually a non-event. This time though, the miss of forecasts (0.2% vs 0.6%) caused a major sell-off in the Dollar. But the…
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Weekly review

al_dcdemo Updated 7 Mar.  in #Trader's blog #Plan #Weekly Review #Lessons
I can't say I'm satisfied with my performance in Trader Contest. But not because I (again) halved my account in the first contest week. That would be OK if I would have followed my plan, or even better - if I would have one, rather than just half-baked trading ideas.
Nevertheless, I started out with a good plan. I bought GBP/USD (2.5M) with the intention to hold it for at least 200 pips, but it didn't work as expected and I was soon out. Then I bet that RBA will cut rates, but that also didn't m…
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3 Comments
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Nihad 10 Mar.

The most successful week in my trading career was the one I held a piece of paper, went through the 27 pairs, and the ones that were far from their value area,I selected them, then I made my entry orders right before the start of the week. My best week ever, I swear

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al_dcdemo 10 Mar.

It probably took you less than an hour, that's really how it should be done. Have a great week!

Nihad avatar
Nihad 10 Mar.

Well the initial list yes, then I examined S&R levels along the RiskReward Ratios and the required margin levels and prioritized them. You too.

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Do you prefer well-planned or impromptu?

peachynicnic Updated 17 Sep.  in #Miss Dukascopy 2014 #Plan #Impromptu
Today I chatted with my friend about his next posting of job. He told me there are some many uncertainties that make him worrie and depressed. He claimed that he is a kind of person that need careful planning, execute and follow it step by step. He even has a contingency plan in case shit happens. His saying is: Failing to plan is planning to fail. I know him so well, because we share same MBTI (it’s a kind of personality indicator in terms of business aspect, I will talk about it later).
I am …
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Stix 17 Sep.

Thank you ! :) :)

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Shalomavahatikvah 17 Sep.

Sometimes I like planned and most of the time impromptu. Normally the impromptu's end up being the best.

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peachynicnic 17 Sep.

Shalomavahatikvah lol seems you like taking risk !

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cuteniki 23 Sep.

everything is fated!

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Skysea 24 Sep.

I like things well-organized !

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Your Trade Plan

alifari Posted 24 Mar.  in #Trade #Market #Plan
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mrlfx 25 Mar.

Hilarious but so true.

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New Month, New Goals

Daytrader21 Posted 1 Mar.  in #Trader's blog #Risk Management #Discipline #Goals #Plan #Performance
Starting from this year I've posted at beginning of each month my GOALS for the current month and I want to track my own progress and how I grow up my experience in the markets.
This is the only way you can prove yourself that you're growing up as a trader by tracking down all your performances and your discipline to follow your plan.
Last month I was closed to be in top 10 again but due to last 2 weeks market condition I wasn't able to secure a winning place but the only progress I've made was …
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DumbAsArock 2 Mar.

Just think. You could invite Daytrader1 thru Daytrader20 over and have a party!

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jezz 2 Mar.

He doesn't party, he just works... nutcase

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DumbAsArock 2 Mar.

@Jezz...LOL

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Daytrader21 2 Mar.

@DumbAsArock LOL......@Jezz LMAO......you caught me I'm a workaholic:)))and I just can't help myself, I have such a high level of adrenaline that I can barely take a nap.But when it's party time I go crazy:)))

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jezz 2 Mar.

If you have adrenaline go bungee jumping or sky diving... party, what was that? Ever since i fell by accident from the bar a couple of years ago, I told myself "I'm to old for this crap".

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Have a Plan and Trade your Plan

alifari Posted 24 Feb.  in #Trade #Patience #Discipline #Plan
A losing trade is not necessarily a bad trade. A bad trade is when you did not follow your Trading Plan. Accept your mistake, learn from it, and move on. The big enemy is always between our ears

Follow your trading plan with patience and discipline, have proper risk management and the money will come to you. The key is to keep it simple and consistent and not jumping to 100 different ways to trade after few losses. Invest your time and effort to acquire basic trading knowledge first. Success…
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jezz 25 Feb.

''Accept your mistake, learn from it, and move on''
My life moto :)

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SmartFX Platform - unique product in whole Forex world officially released

kurak777 Posted 7 Jan.  in #Trading #Money #Api #Risk #Management #Plan #Smartfx #Software Release
Dear Traders,
I am proud to announce the long awaited product – smartFX Platform is officially released today.
smartFX Platform is not only a trading but also exceptional risk management platform for best ECN Forex broker Dukascopy. It is designed to help you automate your money management rules and trade effectively.
With smartFX’s innovative Two-Tier profiling system, you can separate your risk parameters from your trading. Nominate an Administrator for your account, and secure yourself from o…
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