SLK Forex Journal

tag:blogger.com,1999:blog-45626930494124291312024-11-01T03:36:13.933-07:00SLK Forex JournalMy journey...SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.comBlogger100125tag:blogger.com,1999:blog-4562693049412429131.post-71057045884327974712010-04-20T23:19:00.000-07:002010-04-20T23:20:59.595-07:0021 apr 2010

I'm setting buy and sell and break of the two trend lines. Buy at 1.5421, sell at 1.5335

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com2tag:blogger.com,1999:blog-4562693049412429131.post-30458880203706281412010-04-20T01:40:00.000-07:002010-04-20T20:07:41.980-07:0020 April 2010

Entered buy at 1.5350, have taken first TP, all stops moved to break even.Take profit 1 (50 pips) and take profit 2 (80 pips). Price reversed to hit breakeven stops.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-82404159290058806722010-04-15T20:46:00.000-07:002010-04-15T23:23:57.928-07:0016 Apr 2010

Sell stop at 1.5392, at break of trend line.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com1tag:blogger.com,1999:blog-4562693049412429131.post-52422248282738300902010-04-15T20:45:00.000-07:002010-04-15T20:46:39.444-07:00Start to make a real conscious effort to focus on risk/reward and your trading performance will change dramatically.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-86324611247479394572010-04-15T20:29:00.000-07:002010-04-15T20:37:19.199-07:00Be patient and plan each trade carefully

Be patient and plan each trade carefully. It can be very tempting to jump in and join the action, especially when it seems that others are making good pips but this strategy does not pay off in the long run. If you want to be a long-term player in this business, you need a plan and you need to stick to it.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com1tag:blogger.com,1999:blog-4562693049412429131.post-25580778355785403932010-04-15T20:18:00.000-07:002010-04-15T20:37:30.871-07:00If you do not know who you are, the market is an expensive place to find out

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-19066197549049511052010-04-13T23:31:00.001-07:002010-04-13T23:33:11.331-07:0014 April 2010

Buy stop set at 1.5490, sell stop set at 1.5385

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-26852839396443325912010-04-13T06:10:00.001-07:002010-04-13T06:10:44.527-07:0013 april 2010 update

I've moved all my stops to breakeven point. First take profit has already been hit.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-48853565484365752062010-04-12T23:15:00.000-07:002010-04-12T23:16:34.872-07:0013 April 2010

I've entered at 1.5385, 8 micro lots x 5, 5 different take profits, 50 pips stop loss

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-44223322574635404402010-04-11T21:44:00.000-07:002010-04-11T21:46:15.608-07:00Update from last week's trade

I've moved my stop loss up to 1.5396 as the price has gone up much higher over the weekend. First 3 take profits have been hit.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-51821461679231032242010-04-08T23:22:00.000-07:002010-04-09T01:05:55.636-07:009 April 2010

I'm setting up buy stops at 1.5310, 50 pips SL, TP1 50 pips, breakeven at 50 pips.Update: TP1 hit, at 50 pips. Adjust all stop loss to breakeven point.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-86580833094884023812010-04-08T23:14:00.000-07:002010-04-08T23:15:41.820-07:00You can never go broke by taking a profit -- Meyer Rothschild

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com1tag:blogger.com,1999:blog-4562693049412429131.post-5447510552733835622010-04-08T20:55:00.001-07:002010-04-08T20:55:43.688-07:00Only he who does nothing makes no mistake

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-53894462819190511722010-04-08T20:29:00.000-07:002010-04-08T20:55:02.895-07:00Charles Ellis

If you can't control your emotions, being in the market is like walking into a heated area wearing a backpack full of explosives -- Charles Ellis

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com1tag:blogger.com,1999:blog-4562693049412429131.post-15850928282282380542010-04-08T00:28:00.000-07:002010-04-08T01:54:32.736-07:00

First 50 pips taken, breakeven all other trades.Trade updateCame back to hit breakeven, total profit 3 microlots x 50 pips (take profit 1)

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-68249897656767280222010-04-07T23:56:00.000-07:002010-04-07T23:58:04.845-07:008 April 2010

Sell stop entry: 1.5205Stop loss 50 pipsTP1 50 pips

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-48827979906305785212009-05-13T01:12:00.000-07:002009-05-13T01:13:49.592-07:0013 May 2009

There seems to be a trend line on the M10. If it's broken to the up side, I'll take the buy orders at about 1.5290

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-57645704742568321512009-05-13T00:42:00.000-07:002009-05-13T00:58:46.283-07:0013 May 2009

Getting ready to set up today's trade. Let's have a look at the charts.I set sell orders at 1.5234. Would have used 1.5242 normally, but there was a spike right down to 1.5236 at around 5:40 this morning, so since it's really close to the 1.5241 low at 15:30 bar, I'll just set it at 1.5234 to be safe.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-61141178067078594742009-05-12T20:20:00.001-07:002009-05-12T20:22:14.416-07:00Made $290 last night 12 May 2009

Buy order open at about 4 pm, took the first 3 lots. Last lot taken at 50 pips. 50+80+110+50 pips, total $290 made last night.

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com1tag:blogger.com,1999:blog-4562693049412429131.post-9576899174243018592009-05-11T19:01:00.001-07:002009-05-11T19:01:59.880-07:00Secrets of a Successful Forex Trader

They say a wise man learns from his mistakes. A wiser man learns from other people's mistakes. So what have I learnt in these few months of trading? I've learnt a few golden rules.1. Patience. After losses after losses, you get patience pounded and drilled into your head. Until one day, you no longer feel that you've lost out if you didn't catch that big move.2. Don't be greedy. It's so much

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-56308185971770921242009-05-11T18:02:00.000-07:002009-05-11T18:06:19.340-07:00P/L as of 11 May 2009

I think you would have gotten the hang of the whole thing by looking at the trades I've put up so far. Now, just rinse and repeat. If you carry on looking at the charts all the way through 11 May 2009, you'll see the trades went like this:So you see, there will be times where there's a string of losses. That's common in any strategy. That's the very reason why I can't trade big number of mini

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-9146938317388975372009-05-11T18:01:00.000-07:002009-05-11T18:02:29.657-07:0019 Feb 2009

First lot taken at 50 pips. Account: $4879

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-7770920107097305082009-05-11T17:58:00.001-07:002009-05-11T17:59:58.911-07:0018 Feb 2009

Trade went as far as 118 pips. First 3 lots taken. Account: $4829

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-57994709421311270672009-05-11T17:56:00.001-07:002009-05-11T17:57:43.030-07:0016 Feb 2009

Here's an example of entering using break of trend line. Trade went as high as 136 pips. First 3 lots taken at 50, 80 and 110 pips. Last lot taken at 57 pips where it was protected just below a big pullback. Account: $4589

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0tag:blogger.com,1999:blog-4562693049412429131.post-35606326244785981562009-05-11T17:52:00.000-07:002009-05-11T17:54:58.995-07:0017 Feb 2009

Went as high as 71 pips. First lot taken at 50 pips. Account: $4349

SLKhttp://www.blogger.com/profile/15559747344202704020noreply@blogger.com0