It can be pretty tough, especially when you jump into it thinking you know what you're doing. Over 90% of new traders THOUGHT they knew something, and they're out...i'm trying to get to that other 10% category...maybe we can get there together - TraderVlad
I closed the trade out today because it started to consolidate between the 50 and 100 sma's. It'll probably do that for a while since there aren't any major news events coming up. So I took a 9 pip profit, but it actually maxed at about 29 pips. I think I need to develop better rules for taking profit. Anyways, here's the chart:
posted by tradervlad at 1/10/2006 10:27:00 PM
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My main goal for this blog is to keep track and analyze my trades in my journey to become a consistently profitable trader. My secondary goal is to help new traders get started and excited about Forex trading, and maybe we can all grow to profitability together. Hopefully I'll be able to do a morning forex analysis, a trade idea, and an afternoon/evening analysis of the trade everyday. So stay tuned!!
DISCLAIMER: I am not an investment advisor, so I am not responsible for your trading account...You are!! This blog is meant to record and share my ideas, successes, and failures in trading...this is not investment advice. Thank you for your cooperation!
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