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Archive for the ‘Forex Trades n Charts’ Category

Posted 14:02 03 March 2008 by Dr. Pipslow
For novice Forex traders there always exists the desire to be right. What better to help justify their progress as traders than their decisions being correct, resulting in a successful trade? Yet this yearning to be right can get them into trouble.
To keep from having to deal with [...]

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MY FIRST GOOD TRADE OPPORTUNITY SO FAR…. Grabbed but BLEW IT AWAY!!
WHY? I Entered SHORT at EP, as i am forseeing that the trend is reversing… and it DID!!
Bad part is… greed on small profits sets on me, so i set my stop loss prematurely on the profit side, and the price retraced  back! BANG!  I’m hit and there [...]

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I WAS GIVEN AGAIN ANOTHER GOOD TRADE HERE!!  THE ARROW IS MY ENTRY “SHORT”
BUT WAT AM I DOING?? I KEPT ON SCALPING FOR SMALL PROFIT
 I SHOULD JUST BE LETTING THE TRADE GO IT’s WAY… LET THE WINNER RUN!!
I’m still having some hang-overs from yesterday’s FOOLISH trading!!
Today, i got hit by nasty stop losses again….DAMN ME! WHEN WILL [...]

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Today i seemed to have fooled myself and blown away my mind. But this is not only today, it has been like this since last night! I blew away a perfect trade on hand because of that damn 20 pips STOP LOSS!!
TODAY I WAS STOPPED 3 trades because of tight stop loss. There I go again, [...]

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