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I was analyzing November trades and got a bit confused, decided to create a table to be updated every time a trade is open/closed and link it from main page.
November trades:
| Deal Date.Time | Buy.Sell | Currency | Deal Rate | Deal Date.Time | Buy.Sell | Deal Rate | Profit |
| START TRADE | CLOSE TRADE | TOTAL | 20 |
|
| 1. | 11.3.06 4:19 AM | Sell | EUR | 1,2771 | | 50 |
| 11.3.06 8:32 AM | Buy | 1,2721 |
| 2. | 11.6.06 7:03 AM | Sell | GBP | 1,8966 | | | | -35 |
| 11.6.06 8:24 PM | Buy | 1,9001 |
| 3. | 11.7.06 4:50 AM | Sell | NZD | 0,6703 | | -24 |
| 11.7.06 10:32 AM | Buy | 0,6727 |
| 4. | 11.7.06 4:50 AM | Sell | EUR | 1,2764 | | -23 |
| 11.7.06 8:58 AM | Buy | 1,2787 |
| 5. | 11.8.06 3:14 AM | Sell | EUR | 1,277 | | -30 |
| 11.8.06 4:07 AM | Buy | 1,28 |
| 6. | 11.8.06 4:39 AM | Sell | GBP | 1,9081 | | 67 |
| 11.8.06 9:37 AM | Buy | 1,9014 |
| 7. | 11.9.06 3:56 AM | Sell | GBP | 1,9074 | | 57 |
| 11.9.06 8:22 AM | Buy | 1,9017 |
| 8. | 11.13.06 1:47 AM | Buy | EUR | 1,287 | | -25 |
| 11.13.06 4:34 AM | Sell | 1,2845 |
| 9. | 11.13.06 4:36 AM | Sell | EUR | 1,2844 | | 9 |
| 11.15.06 5:11 PM | Buy | 1,2835 |
| 10. | 11.16.06 | Sell | EUR | 1,281 | | | | -26 |
| 11.16.06 8:30 AM | Buy | 1.2836 |
Previous position update...
...Stops moved (trailing by hand): SL to 1.2835 TP - 1.2747
Stop lose hit point in point. That trade closed.
----------------------------------------------
New trade entered here:
11/16/2006 6:18:49 AM Sell EURO USD 1.281
SL to 1.2836 TP - 1.2747
---------------------------------------------- What i`m doing this month as a veritable forex loser trader:
The old adage "You have to have money to make money" is true. Without the necessary starting capital, i used taking too great risk in the past for too little reward. Now i`m considering my risk/reward profile for EVERY trade. Better FOR ME is a very close Stop Lose. Before counting my profits, considering first what i have to lose in the event the trade goes against me. Mean time i`m improving myself on a better Stop lose point calculation for every trade.
As a trader i`m in business for myself and i must proceed accordingly by preserving my capital.
Great quote about trader evolution to stick (don`t know its autor):1. first you learn how to lose money2. then you learn how not to lose money3. then you learn how to make money...most traders stay at (1.) and then eventually quitI think i should mention some stats data: 10 November. No currencies traded today 62 pips - Euro long position closed by stop lose -25 pips + Forex markets another day in paradise 12 (with 3 earned pips on rollover) = 49 pips profit for November.
The updated trades score losers to winners up to now 6 / 3.
In my opinion my dollar bullish position is right one for this day, but euro has lost bit too less based on its crosses support, his decline not so much as other USD pairs. Stops moved (trailing by hand): SL to 1.2835 TP - 1.2747Monitoring eur crosses closest.Profits to all! (impossible :-) )
Forex markets another day in paradiseNo moves yet...Well another day in paradise. Still alive the EUR USD short position from 13 Nov. It seems markets preparing something special here, let's see what the market will offer. ...Feels like yesterday was a flush before something more meaningful as many (not me) were hacked on the zig-zag.Euro short position oppened at 1.2844Targets: Stop Lose - 1.2888 Take Profit - 1.2877 and bellow. If 1.2800 broken and hold the stop will be moved bellow with 35 pips. IF i`ll be on time ;-).Have fun!
11/13/2006 1:47:33 AM Buy EUR USD 1.2870Stop Lose - 1.2845 Take Profit - 1.2935As a test how Central Banks will behave on 1.2880 test. If 1.2840 not hold reverse. For the next 36 hours i`m USD bullish, usd had a decent recovery on friday pushing euro below 1.2850. ------------------------------------------Position closed by stop lose. (-25) pips here.------------------------------------------New Euro short position oppened at 1.2844Targets: Stop Lose - 1.2888 Take Profit - 1.2877 and bellow.Have fun!!!
11/13/2006 1:47:33 AM Buy EUR USD 1.2870Stop Lose - 1.2845 Take Profit - 1.2935
As a test how Central Banks will behave on 1.2880 test. If 1.2840 not hold reverse.For the next 36 hours i`m USD bullish, usd had a decent recovery on friday pushing euro below 1.2850.