Shame not to have made pips on that as it went down to 1.4500. Should have put a TP in there but rushed off home...Nevermind.
D
A section of an email i just received...
Yesterday I nailed everything - cable first thing with you, usdjpy as per your idea re. reversal play (which i liked a lot), eurusd all day twice over on trend trading, usdchf all afternoon on silver cross play, audusd all afternoon on silver cross play.... I nailed the lot. And well chuffed about it too. Well over 200 pips in the day and 100 through the evening. banking and holding and running. This morning still running usdchf, audusd, usdjpy for a futher 80 pips.
Sweet, joyous, lovely jubbley!
Do you think they are happy???
I love receiving emails like that...Thats why i teach... Bring on the weekend.
D
Mighty impressive... credit to you Dan and the club.
It's been a frustrating week for me, 2 lovely mega trades on cable, holding with the trend, which would have been enough to make my target on their own, but let myself down on some riskier shorter-term trades.
Loving the hourly chart, and with patience have got lovely entries, relaxed trades and 100+ pip exits.
I truly believe the one thing between me and consistent profits as well as consistent pips, is my head. It seems that the lack of consistency in my confidence levels throughout the week results in lack of consistency in my decision-making.
I now need to stick to the trades I like, walk away if I don't like the charts (like today) and apply my money-management evenly throughout the week.
Thanks again Dan for all your hard work.
Have a great weekend. I'm working all weekend but really looking forward to getting my trading week of to a good start on Monday.
Julie
Hi Julie
That's my email that Dan has quoted - I just wanted to pitch in because I am just turning that corner myself, I know exactly where you are right now and have felt the pressure of trying to fix my consistency and confidence. It can be bloomin lonely too trading solo. The room has made a big difference. Time and experience of the fx500club set-ups make it much easier to spot the best opportunities and spot them early enough to know what to do, to leave the less likely, plus realise which strategies suit you as a trader. I don't know how long you have been in the club, but it gets easier and easier. Like Dan says, anyone who can say they are able to see and take trades and run them to 100+ pips has achieved a remarkable thing, so you're basically there already. I still struggle but it is getting easier as you can see from the results I was quoting Dan, and these results are getting easier to achieve and more consistent for me. Best wishes and see you in the room!
Mike