Hi Nikl, I've been away and only just caught up with your chart.
I think this is what Spec is talking about, put up your chart with
great explanation on why you would take the trade.
Now looking at my charts I can see where you entered and probably reasons for
S/L. You would have been stopped out, but hey, that's Forex.
Now what you should do is keep a copy of that trade, and it seemed there was every
possibility that it could have been a winner, and see if there was a reason you were
stopped. Was S/L to close, news event etc.
Now look at your Risk... AUD 250+. Reward...AUD 550+. If you are running
a $10000 dollar account you are a bit above what should be your mximum risk
on this one trade. If you have the Demo. converted to AUD currency, I'm only
guessing you are Australian, you were risking $ 13.95 per pip @ 1 Lot trade.
Why not trade smaller position sizes as you would if you were trading your own
money. Keep it within 1% to 2% of account Balance or AUD value equivalent.
Always remember Forex is a bloody hard slog, and unlike some here, don't
blame some unseen force that seems to take money of traders.
You take the trade some are successful, some are not.
- Forums
- Forex
- Structural FX
Structural FX, page-252
-
- There are more pages in this discussion • 121 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Featured News
The Watchlist
ACW
ACTINOGEN MEDICAL LIMITED
Andy Udell, CCO
Andy Udell
CCO
SPONSORED BY The Market Online