Azim Trades

[Azim166]

Hello Everyone,

After 2 years learning forex and trying to search for a holy grail, i learned a lot. what makes me realized is no system is 100% accurate. Sometimes you must accept losses and that's what i called 'Trading'. In addition, what i believe the holy grail is the 'MONEY MANAGEMENT' itself. and Heyy! I am 20 years old i have a long way to go

So Let's move on,
I just started trading live for a week now and i am going to post my trades here. whether i make a profit or losses. For this week, i never had a losing day so obviously this is a profitable week for me,hehe

below are the picture of the trades i made.

[Azim166]

Eleven Trades in Total the 1st week of my live account

1 breakeven
2 losses
8 winning Trades

By the way i started with 100USD so i only use Microlots(Minimum 0.01,Maximum 0.05)

[Azim166]

One of the important thing i want to share with you all is how i trade with price action. This strategy is known as "BREAKOUT,PULLBACK & CONTINUATION". I learned this technique from Hector Deville.

This is the last trades i entered recently, and the move was 200 pips but i managed to get 48 pips only because i got stopped out since my trailing stop is too tight. However I am still in profit so why should i be dissapointed ehh?

Basically, when you see a breakout,you should wait for a pullback and then enter after the pullback.

[Azim166]

Today(20th July 2010, Tuesday) there is a signal in entering short on EUR/USD)..as you can see above, i entered a bit late which i shoudn't entered, but since there is a 10EMA crosses both 25,50EMA, Parabolic SAR gives sell signal and my MacD too. so eventhough i'm late a bit i decided to enter the trade. I believe the trend to go short will continue. and also the there is a confluence of fibonacci level^^

I will post the result once i exit the trade.

[Azim166]

LOL im sorry thats not MACD,i mean Awesome oscillator

[Azim166]

Allright After Waiting for 18 Candlestick which i am still in trades, at last i was right and i am in profit now..i used 0.02 lots and now i closed 0.01 lots after hitting 20 pips. so now i will it run freely;). btw i may set a stop loss to breakeven but i think its not the right time yet

I'll see you soon after i exit the trades,hehe

[Azim166]

azim live trades.gif

Allright After Waiting for 18 Candlestick which i am still in trades, at last i was right and i am in profit now..i used 0.02 lots and now i closed 0.01 lots after hitting 20 pips. so now i will let it run freely;). btw i may set a stop loss to breakeven but i think its not the right time yet

I'll see you soon after i exit the trades,hehe

[Azim166]

Allright im back now, as you can see i havent exit my trades. i just want to tell you that i just set up a stop loss and immediately i move the stop loss to breakeven. and then after price moved around 45pips-50pips i decided to move my stop loss to 10 pips which means i locked 10 pips and let the 0.01 lot to run freely

[Azim166]

Just want to keep an update, i just moved my stop loss to locked 50 pips..YEAH 50 PIPS!and as you can see above, the price now reached 100 pips.i may decide to close the trade but i think its better if i try to get the maximum pips(^^)

[Azim166]

azim live trades.gif

Just want to keep an update, i just moved my stop loss to locked 50 pips..YEAH 50 PIPS!and as you can see above, the price now reached 100 pips.i may decide to close the trade but i think its better if i try to get the maximum pips(^^)

Hey Guys! i was on 100 pips moved but i didn't close the trade and the price bounced back and hit my stop loss which it was the 50 pips in profit that i locked in earlier.I am happy because that was my attempt to get maximum pips