sheraz572
Sergeant
- Messages
- 260
Introduction
Hi everyone I am Sheraz. I am been trading forex since a very long time and periodically blown my accounts to the point where I have realized the fact that I can no longer afford to blow a trading account therefore I have committed to myself that I will no longer deposit any additional balance.
Reasons to Lose
I believe it is perfectly normal to lose money in the market since almost everyone I know is losing money. So now some out of the world thinking is required to make money. There is no boss or no board meeting where I present my trading idea and it gets rejected by them means simple plain ego which comes between winning and losing.
Objective
The objective of this thread is to share the reasons why I entered the trade, what happened with the trades, to feel responsible that my trades are not own but viewed by all so to be careful with my trades.
Criteria to trade
To enter any trade, I will have to read all the news
I will consult 4 Hour chart only
I will consult MACD (12,26,9), Stoc (8,3,3) & RSI (13)
I will only trade EUR/JPY only
Stop loss cannot be more than 30 points at any point of time
Move stop loss to break even when position goes 30 points in favor
Limit can be unlimited!
Starting Account Balance $107
Start Date: 19/4/2013
2 Months Goal - 600 pips
Fixed Lots - 1k
End Date: 28/6/2013
Target Account Balance $167
Hi everyone I am Sheraz. I am been trading forex since a very long time and periodically blown my accounts to the point where I have realized the fact that I can no longer afford to blow a trading account therefore I have committed to myself that I will no longer deposit any additional balance.
Reasons to Lose
I believe it is perfectly normal to lose money in the market since almost everyone I know is losing money. So now some out of the world thinking is required to make money. There is no boss or no board meeting where I present my trading idea and it gets rejected by them means simple plain ego which comes between winning and losing.
Objective
The objective of this thread is to share the reasons why I entered the trade, what happened with the trades, to feel responsible that my trades are not own but viewed by all so to be careful with my trades.
Criteria to trade
To enter any trade, I will have to read all the news
I will consult 4 Hour chart only
I will consult MACD (12,26,9), Stoc (8,3,3) & RSI (13)
I will only trade EUR/JPY only
Stop loss cannot be more than 30 points at any point of time
Move stop loss to break even when position goes 30 points in favor
Limit can be unlimited!
Starting Account Balance $107
Start Date: 19/4/2013
2 Months Goal - 600 pips
Fixed Lots - 1k
End Date: 28/6/2013
Target Account Balance $167