Friday, May 8, 2009

THV day5

I traded just few minutes, with only one trade opened.
This is the end of my first week of testing, even if +43 pips is a good weekly balance, i know i could have done much better. Remember that in this week I traded only 7-10% of total signals, in about 6-7 hours of trading.

THV day3

Today I traded few hours.
I closed a trade too early that could bring me 25 pips net profit. Never mind, those are my first tests and i just need to remember to close my position only when the faster trix change color.

Profit: +4 pips

Balance: +27 pips

THV day2

I really don't know if staying 10 minutes in front of a chart and opening only an order (one on an average of 3-5 trade/day) can be considered "a day of trading". Today I traded only few minutes, intercepting one good trade, closed with +4 pips gain. The trades went in a maximum profit of +11 pips, but i closed my trade on my replaced stop loss level just above break even. Today there were almost 3 good trade in total with about 15-20 pips profit each, the one i traded was the worst.

Trend Follower System

Welcome,
As first post I want to let you know about my last results with my favourite trading system. This will be a good starting, i guess. It's a trend follower trading system, discovered on forexfactory.com some months ago. I suggest you to check this dedicated thread on forexfactory.com and read all about that. This is required to understand future posts and discussions. I really like this system, I can find and follow a lot of trend signals with it. As the most successful traders says, the best system is the system fit you best. Starting with a 5000€ account, I've made about 30% (1500€) in only 11 days of trading. Unfortunately I've not enought time to trade all days or for all day long, but i tried to do it in my free time. I've been trading this system since the beginning of 2008, always with positive results. I've tried to miodify it, but finally I've realized the original system was the best. Improving my skills, I've learned how to avoid false breakouts and false trading signals in unusual trading condition.
Edited (23/01/09)

Check the SYSTEM RULES and my personal CHART SETUP to learn more about Trend Follower System. Remeber to see the dedicated thread on forexfactory.com to share your opinions and learn more.

Trade your way to financial freedom

Now shared in PDF format, I am happy to introduce you to "Trade Your Way To Financial Freedom" a fabolous book by Van K. Tharp. The main intention of the author is introducing the reader to the trader's world, to the trader's thinking. Here you can learn how to be a good trader understanding the market, aiming your goal and finding the method you need to. A must read.

Click the link bellow to display (requires Adobe Reader):