View Full Version : Lost in translation!-EUR/USD
I joined the Joe's group since the very first day. I also love numbers and I really enjoy all classes. From the very beginning I was doing ok, loved the 3 set of orders, but recently it's just impossible to make a winning trade. Maybe I am overtrading, I had the idea to better wait for the great signals: trade less instead of overtrading. All of my trades are practice, but I really want to learn.
I have over 35 trades in March (all in triplicates following the rules) but so far -1200 pips. Do you think I will learn one day?
ForexJoe
03-25-2009, 05:19 PM
I joined the Joe's group since the very first day. I also love numbers and I really enjoy all classes. From the very beginning I was doing ok, loved the 3 set of orders, but recently it's just impossible to make a winning trade. Maybe I am overtrading, I had the idea to better wait for the great signals: trade less instead of overtrading. All of my trades are practice, but I really want to learn.
I have over 35 trades in March (all in triplicates following the rules) but so far -1200 pips. Do you think I will learn one day?
Greetings Amy,
It is okay to blow up a practice account, I would suggest you open a second practice account and treat it as a LIVE account for practice...
Here are some other areas to ponder...
1. Have you been following the Potential Trade section for pairs in daily OU Alerts from the start?
If not, please use as another tool for practice regimen that will enhance growth
is All your trades above for one pair?
if so, no problem - adding the second practice account as LIVE selections will help you overcome LOSSES
Amy, you are doing an awesome job, you will learn about losses so you are able to accept the wins
Everyone has went through the process
Please look at my comments and suggestions and continue to post so we will get you on correct track for gaining vast experience
Blessings,
Forex Joe
Darlene
03-25-2009, 05:57 PM
Hi Amy,
I also learned on the EUR/USD, and it can swing very quickly sometimes. I also got in a bad habit of entering too many trades when I thought it was going to reverse and it didn't. That's where I lost A LOT OF PIPS ! Practice every technique that Joe & Sanil is teaching with 1 triple trade and watch it work. Every day or two try the next technique to see if that works better for you. Each pair has a different mood and you may have to use different techniques for each pair.
Remember to have fun.
Darlene
Thank you Joe. I will follow your suggestions!
Hi Darlene,
Thank you for your comments. Congrats with positive pips.
Cheers