I have been bogged down lately by other more important things. I was not even able to finish my last post. As for my trade updates, I have nothing to show lately because I have been using stop losses and sometimes take profits so usually when I look at my trades in the morning, it is already gone, nada, zip etc.
This post is about something that I thought of when I first looked at the charts today. I wish that when I look at charts I would be able to say the following:
1. The price pattern looks good for a long term trade.
2. I would just make a short term trade on this one.
3. Hey this is on a bounce, I will a close my open trade and reverse(this actually happened this morning).
4. This market is too choppy for me, I will just wait it out(hardest to do).
What do I do to say all those stuff? I have no idea, one thing that I can only think of is practice or a couple of years of practice is translated into what people call "experience".
I am just a newbie to forex trading so I say to myself "Keep on Practicin'!".
Tuesday, September 18, 2007 |
Posted by
Flea Market Trader
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Blog Archive
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2007
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September
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- Creating a Mailing List for Blogger
- Ipod Touch or Iphone = Forex Trading
- Thank Heavens for Take Profits
- My Chart Setup
- Shoemoney
- Fudging and Fidgeting
- Forex Dreams
- Howdy! Trade Updates
- First Comment! Woohoo!
- Labo Dude!
- Trade Update 9-10-2007
- Musings of the Recent Market Moves
- Rest is Over
- GBPUSD Breakout
- Continuation of AUDNZD Trade
- My 3 Trades after 2 days
- Fixed Peso Rate for OFW's?
- Trades for today- very minimal, very silent market
- Returns = Risk Repost
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September
(19)
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