Hi Guys,
Sunny once more I will reiterate a point that I made quite frequently here... trading below 30 min is a mental trauma for me... so to comment on it, itself is difficult.
GBP pairs are again tough to trade in the beginning years of your trading career.... I have also made this point quite frequently. So I suggest people to begin with trading EuroJpy, EuroUsd and UsdJpy only.. in the beginnning stages.
The result is more or less the same that you have posted here for people trading below 30 mins. they slog the whole day and finally when they plan to sleep, they are more often than not at the same place where they started.
But the problem is..... trading is so exiting to people in the beginning stages that they still get some satisfaction after loosing...
Ask yourself a question folks here.... 'ARE we here to Trade or to make Money?... if it's trading... great go ahead... if it's making money then a lot of patience is needed at all levels...
Take care...
And Happy trading guys...
Sunny once more I will reiterate a point that I made quite frequently here... trading below 30 min is a mental trauma for me... so to comment on it, itself is difficult.
GBP pairs are again tough to trade in the beginning years of your trading career.... I have also made this point quite frequently. So I suggest people to begin with trading EuroJpy, EuroUsd and UsdJpy only.. in the beginnning stages.
The result is more or less the same that you have posted here for people trading below 30 mins. they slog the whole day and finally when they plan to sleep, they are more often than not at the same place where they started.
But the problem is..... trading is so exiting to people in the beginning stages that they still get some satisfaction after loosing...
Ask yourself a question folks here.... 'ARE we here to Trade or to make Money?... if it's trading... great go ahead... if it's making money then a lot of patience is needed at all levels...
Take care...
And Happy trading guys...
Hi Edward and friends. This week started afresh Lazy Boy On 5 min TF.But sad thing I could not achieve target of 200 pips in a week targeting only 5-10 pips per trade. traded only during evening so only few trades
Trades: 45.
No. of loosing trades: 14
winning: 31
$$ made:45
Biggest winnging: 26.5 $
Biggest loosing: 31.8 $
Mistakes:every loss trade in GBP/*** pairs takes 20-30 pips easily so its foolish to book 5 pip profit in GBP/*** pairs. these pairs can easily provide 15+ pips.so next time I would target higher in GBP/*** pairs.
In alphari demo spreads are very low so GBP/*** goes in profit immediate. but usually GBP/*** have 5-10 pips spread so upon enetring trade we would immidialtely in loss of 5-10 pip.
I would like Edward to give me some improvement tips.
Trades: 45.
No. of loosing trades: 14
winning: 31
$$ made:45
Biggest winnging: 26.5 $
Biggest loosing: 31.8 $
Mistakes:every loss trade in GBP/*** pairs takes 20-30 pips easily so its foolish to book 5 pip profit in GBP/*** pairs. these pairs can easily provide 15+ pips.so next time I would target higher in GBP/*** pairs.
In alphari demo spreads are very low so GBP/*** goes in profit immediate. but usually GBP/*** have 5-10 pips spread so upon enetring trade we would immidialtely in loss of 5-10 pip.
I would like Edward to give me some improvement tips.