I had a good night tonight in Forex

[Morpheus]

I've had a good night tonight and yesterday in Forex. I didn't make 100's of pips. A good night for me is a nice clean trade with low drawdown. I'll post my trade from tonight. They are mostly scalps.

Here is my trade from tonight. I'm done for the day. I plan it and do it and then go do other stuff. Otherwise, I get burnt out just staring at the charts. Here is a good trade for me. Very little drawdown (maybe 2 or 3 pip in minus and then rest was positive). As you can see, I should have had a lot more, though. Maybe I'll get more guts later. (trade was in EST zone)




I thought I took a picture from yesterday's trade but I guess not. well, it was a good one.

[mister_doodi]

What you got there, 4 pips? That's a pretty good exit for a scalp. You could have gotten couple more on the next way down but if you held longer than that, you might have gotten scared out of that next spike. Why was it so volitile last night.

[dr_sean]

Why enter for so little????

Half your profits were erased from commish.

2 pip spread 4 pip profit?

I just don't see the point.

And 30 sec chart? Really?

I use nothing under 5 minutes. whips galore.

Okay--not trying to be TOO critical--glad yoy made money.

[mister_doodi]

You dont use anything under 5 eh? I been using 1 min chart on futures a lot. It's more like 1.5 pip spread and 4 pip profit total if I'm not mistaken.

[techno791]

I'm having one of those weeks. I find a set-up, I'm looking into it. Volume looks light. I goto antoher screen, and BAM, the thing takes off without me. Check out EUR/GBP at 7:40pm NY time. Crashed 10 points and broke out while I flipped for a second. I didn't know it was going to do that.
Logged in 15 minutes after USD/JPY took off and broke out for Tokyo session.
Very frustrating since I really want to do this method live instead of looking back full-time.
Looks like an old stock trick works here, and without news.

[Morpheus]

I haven't had a losing trade since Monday. I'm up 19 pips since Tuesday. That's good for me.

[dr_sean]

Originally Posted by Morpheus

I haven't had a losing trade since Monday. I'm up 19 pips since Tuesday. That's good for me.

Not bad at all!

[techno791]

I had a false break and lost a few pips. Every other set-up went through perfect when I wasn't paying attention.
Only got 2 of 6 numbers in the lotto.

Some weeks aren't fun. One more day! Maybe when I'm having bad luck I'll give someone money and detailed instructions and see if that works.

[wolf825]

Good Job Morph... Don't give it all back on Friday tho!

-w

[sirensiren]

I actually had a great night too last night picked up a lot of pips on EUR/USD 30 minute chart when the big hammer formed at 2. It was a nice little treat to wake up to this morning.