Thursday, December 26, 2013

Continuing to Study and first trades

Well, I've read and listened to the VDO course. Not that long really ,but it is quite condensed so I will need go over it many times to really 'program' it into my mind so that when I look at the charts I see it all quite naturally. Glad I have some experience as for me personally I would have found it tough as a beginner, as it is my eyes glaze and my brain hurts after awhile, but this is problem I have with all technical analysis. Still, I know I must learn and learn I will!
No real surprises or trading 'secrets', just the same kind of stuff you can find lots of places, even for free. However, what I paying for is the exact 'recipe' not the ingredients and good 'recipes' are never free. So ultimately whether it is worth the money is something that I won;t know until I have learnt it well and traded for a while. So, I took a couple of tentative paper scalps on the M1, just micros lots. I made the trades based on Andrew's candles and and stochastic system . It was a pretty lousy trading day, so I took profit manually as soon as it came up, though I did set SL and TP values. Whether I really followed the rules properly on these trade I am not sure, but nevertheless it is a start and 5 + plus pips is worth having!

371242172013.12.26 16:32sell0.01xauusd1214.781216.251214.062013.12.26 16:371214.510.000.000.000.27
371331072013.12.27 08:02sell0.01gbpjpy172.330172.406172.2262013.12.27 08:13172.2970.000.000.000.32
0.00 0.00 0.00 0.59
Closed P/L: 0.59

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