Wednesday, September 03, 2008
Changed Time Zone
I changed my time zone back to EST because of the difficulty I had identifying the proper direction of the daily trend...Hopefully this doesn't hurt me.
Tuesday, September 02, 2008
#8-9 (Part 2)
Trades Won at "Take Profit."
#8
67 Pips won
#9
31 Pips won
Total 98
Record
- Won: 166 pips
- Lost: 46 pips
Monday, September 01, 2008
The DIBS Method
I found this link on www.forexfactory.com and I believe it may be what I'm trying to accomplish.
http://www.forexfactory.com/showthread.php?t=86766
A little hard to digest all of this...Gonna have to read it a few times.
http://www.forexfactory.com/showthread.php?t=86766
A little hard to digest all of this...Gonna have to read it a few times.
#9 (Changed Time Zone)
Changed Time Zone to Mirror GMT+0Platform: Oanda (Demo)
Charts: 1 hour
Currency: USD/JPY
Long
Limit Order: 108.590
S/L: 108.255
T/P: 108.900
Inside Candle: 01:00
#5 (part 2)
Talked with Alan, we both kind of thought this would happen, due to the resistance at this point.Trade Lost at "Stop/Loss."
25 Pips lost
Record
- Won: 68 pips
- Lost: 46 pips
#8
Platform: Oanda (Demo)Charts: 1 hour
Currency: GBP/USD
Short
Limit Order: 1.78640
S/L: 1.79350
T/P: 1.77970
Inside Candle: 19:00
#6 and #7
The inside candle breaks the open, so I placed trades above and below the inside candle.#6
Platform: Oanda (Demo)
Charts: 1 hour
Currency: USD/JPY
Long
Limit Order: 108.200
S/L: 107.885
T/P: 108.490
Inside Candle: 19:00
EDIT: Order #7 Canceled (Market went other direction and didn't look back)
#7
Platform: Oanda (Demo)
Charts: 1 hour
Currency: USD/JPY
Short
Limit Order: 107.850
S/L: 108.165
T/P: 107.560
Inside Candle: 19:00
#5
Platform: Oanda (Demo)Charts: 1 hour
Currency: EUR/USD
Short
Limit Order: 1.45700
S/L: 1.45945
T/P: 1.45470
Inside Candle: 19:00
I think I was confused a bit about time zones when I made this trade...It could mean a bad trade was made here.
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