Morning Trading/ One Trading Strategy

This is part of my trading morning for 2/11/2010. Please visit my Blog.. http://tradersbud.blogspot.com/

Category:

Education

Tags:

• Trading Strategy
• Day trading
• Price action
• Forex trading
• trading
• candlesticks
• trend lines

[haritashi]

Hello - thank you for all of your videos!!! I can tell you are sincere and know your stuff. I went to your blog and tried to email you but your email is gone. Anyway, thanks again!

[TRADERSFRIEND]

@haritashi Thank you very kindly, if you look on my profile, you can find my email, but I get all of my email here as well, so if you are more comfortable, you are welcome to email me here.

Have a Terrific weekend (^_^)

[myforexdna]

what is your goal for the month? How many pips are you looking to make a month and or per day?

What are your win to loss ratios? or what is your average gain / loss per trade?

[TRADERSFRIEND]

@myforexdna LOL.....I don't have a monthly goal. I kinda wing it. I aim for at least 50pips a day, and many Fridays, I double my weekly profit.

LOL.......I have no idea about the rest, but I can tell you that I sure win a lot more than I lose. I have some months with no losses at all. I am just looking to be profitable at the end of the day, week, month. Thanks for the question (^_^)

[mcraw0144]

@TRADERSFRIEND All thanks to you, sweetheart :)

[TRADERSFRIEND]

LOL.....I am so happy for you. i just saw the video, nicely done. (^_^)

[mcraw0144]

I took your advice on this video and winded up 90.3 pips to the good! Wished I'd placed an orderr for them both. The EUR/USD, and the EUR/JPY. We learn fast though :)

[TRADERSFRIEND]

I mean calculated any numbers, never did that before. A calculater makes you feel so smart...lol

I am a very simple trader. I just believe Forex is a get rich slow game and I am taking it slowly. Hope that helps (^_^)

[TRADERSFRIEND]

LOL....I don't know. I can tell you what my daily goal is. My daily minimum is 50pips for my day trading. When I made this video I had far exceeding that before my first trade because I shorted three pairs on the 4 hour chart, I also trade the longer term time frames.

As far as win/lose ration, the last time I went broke my win/lose ratio was 96% win and 4% losses according to my P&L from my broker.

I just calculated it. I am up for the month almost 70%. WOW, never did that before (^_^)

[TRADERSFRIEND]

Yes they have been this week, but they are not always in harmony. For the past couple of weeks my USD/JPY and EUR/JPY have almost mirrored each other. Thanks for the comment. Have a super weekend. Be good and take care (^_^)

[mcraw0144]

I noticed that those two pairs are almost mirror images of one another, probably traded during the European hours. Hmmm. You gave me a great idea with this piece of info. Thanks! Happy trading =]