Flat now, this was an exceptionally great day for me. Around 700% return on capital since I used the locked in profits to open new position. Of course as any trader I also have loosing trades! Nobody can always win.
I posted a couple of trades today. Maybe somebody finds them useful. Of course one can trade completely different.
For example scalp the market by selling every bounce on a downtrend for 20-50 pips. Or one can avoid moving s/l with the price at all playing the market for the longer term. And so on... I do change my style depending on the market.
There are many different ways of trading and many opportunities every day to make or loose money. so keep your stops tight. Cut your losses short and let your profits run. Remember preserving capital is more important than having a profit. Believe me, I have been completely wiped out by the currency market before I understood that. And that was no fun!!!
I hope more people will post their trades. And also the loosing ones. I know it hurts to do that, but it's a great way to learn for everybody if you share your mistakes. And that is what we are here for, right? The currency market is too big as that this board here can move the market in any way or screw anybody.
If you only paper trade, post them anyway and tell us why they were good or why not...
That said, I will grab a beer to relax and go to bed.
greets
s.
