PJAMES1:


Stopped out.
Will keep watching.

Shevychen2:


This is also as rare as finding automated profitable trading. A good trader is a good trader whether automated or manual. No side of the divide is better. Some of the EA users still keep tweaking their EAs every time or even manually tampering positions opened by the EA.

Here are some consistent manual traders with far more history and I didn't even look too deep...
https://www.darwinex.com/account/D.58234
https://www.darwinex.com/darwin/ERQ.4.4/
https://www.darwinex.com/account/D.66738
https://www.darwinex.com/darwin/ODE.4.15/



Looking at the graph, it wasn't one bad entry that was the problem. It was the same old enemies we always talk about. The reality is that most people are not adequately prepared to handle them. You can see where I marked to highlight where he started gambling, probably to make as much money as possible from his investors for that month.Which reminds me of that pros and cons link I shared. The dots represent various positions so it wasn't a one trade issue.

Add the fact that he was trading without stop loss and also having as much as 20+ open trades and you can understand.

Bottomline, the crash has nothing to do with being a manual trader

bojbest:


All Gbp pairs are weak. I think the london bridge has fallen

ufotty2001:
please professional traders i have a questions ... is it right for a trader not to enter a trade because of upcoming news?

PJAMES1:
You will take some Ls here and there
But these are the kind of trades that compensate and leave you with profits. More than 800 pips in profit. More than 400 pips already locked down. And will move SL to book more soon.
For learning purposes, we just starting can refer to the original post on GBPNZD for the analysis.

From looking at the picture.
There was a downtrend.. Then correction which formed a wedge pattern. Breakdown of the wedge pattern led to resumption of downtrend. That's what I think.

VeeVeeMyLuv:
brilliant, absolutely.

you should be a warded the best trader for the month

PJAMES1:
You will take some Ls here and there
But these are the kind of trades that compensate and leave you with profits. More than 800 pips in profit. More than 400 pips already locked down. And will move SL to book more soon.
For learning purposes, we just starting can refer to the original post on GBPNZD for the analysis.

From looking at the picture.
There was a downtrend.. Then correction which formed a wedge pattern. Breakdown of the wedge pattern led to resumption of downtrend. That's what I think.

VeeVeeMyLuv:
brilliant, absolutely.

you should be a warded the best trader for the month

bojbest:


I swear he is not a trader, he’s an Investor.

Na only Investors dey wait months before closing trades.

Everybody has his style sha. Someone shld choose which ever suits him or her

bojbest:



Do you have any Idea on NzdUsd?? Long or short?

drpips1:

At least be decent or matured alittle, that is why i don't comment here mostly, you saw people in most forex tutorial videos, they are not acting like this, just because they want to pass their point, or at least do it with a statement of your account you are currently trading. You sound like someone to be avoided. Mr "I am correct"

PJAMES1:
You will take some Ls here and there
But these are the kind of trades that compensate and leave you with profits. More than 800 pips in profit. More than 400 pips already locked down. And will move SL to book more soon.
For learning purposes, we just starting can refer to the original post on GBPNZD for the analysis.

From looking at the picture.
There was a downtrend.. Then correction which formed a wedge pattern. Breakdown of the wedge pattern led to resumption of downtrend. That's what I think.

Goldhomes:



You just spoke my mind, we try to learn not boast or brag.
A consummate trader knows humility is virtue in the market!

PJAMES1:


Been long for some time.
Looking at 0.6930
But I may be wrong though.
I talked about NZD showing some strength. Looked at different pairs and it looked that way. So I have only been buying NZD. That's why I have sell positions on EURNZD and GBPNZD. And a buy on NZDUSD

bojbest:


I swear he is not a trader, he’s an Investor.

Na only Investors dey wait months before closing trades.

Everybody has his style sha. Someone shld choose which ever suits him or her

jamace:
That is the way to survive in this game.

Gone are the days when I used to be a trader. As a trader then, I will make 100% in one week and get a margin call the next week.

I have discovered after many years in this business that my psychology can only withstand long term trades on higher time frames like 4 hours and above. I am no longer in a hurry to make millions. If I get 5% in a month, I see it as great success.

PJAMES1:


Exactly. I feel the long term pattern suits me better.
It's more relaxed. I found out that I get it right more times than wrong with my long term speculations.

jamace:
That is the way to survive in this game.

Gone are the days when I used to be a trader. As a trader then, I will make 100% in one week and get a margin call the next week.

I have discovered after many years in this business that my psychology can only withstand long term trades on higher time frames like 4 hours and above. I am no longer in a hurry to make millions. If I get 5% in a month, I see it as great success.

bojbest:


Shorting the pair Sha. But I tend to adapt to the market and leave with when my citerias are met

Citeria of exits are
1) Stoploss activated
2) 4hr rejections at previous 4hr low
3) daily rejections at 61% fibs of the daily uptrend then I join buyers.

If I’m wrong, citeria 1 will have been executed automatically

Mftivi:
Great trade. True financial freedom through investing in the financial markets comes through understanding that wealth is patiently built over time.

infofirst:

Perfect boss. Even when one trade short term, having long term perspective helps make short term gains too

femora007:
please is it advisable to open two darwins, one for conservative trading other for aggressive trading? Hope it won't be a turn off for potential investors?

PJAMES1:



You know that at the end of the day, it sometimes depend on how long you are looking to hold the positions. You know I tend to hold long term. There may be other tradeable movements which I tend to ignore. So won't be surprised if you are right.

Goldhomes:



Have ever thought about good/respected traders who have blown theirs or company accounts.
Does that make them mediocre or ignorant or very stupid?
For example Victor Niederhoffer was world respected trader,but he blew his account in far away Thialand.

currentprice:


I am closing trade by 7pm to carry my kaya comot

jamace:
That is the way to survive in this game.

Gone are the days when I used to be a trader. As a trader then, I will make 100% in one week and get a margin call the next week.

I have discovered after many years in this business that my psychology can only withstand long term trades on higher time frames like 4 hours and above. I am no longer in a hurry to make millions. If I get 5% in a month, I see it as great success.