Placing stops is very important in a trading plan. Last night, I misplaced my trailing stop and as can be seen in the picture below, the target was hit, but I was not there! I was stopped out a couple of hours before!!
Stops? Where?
September 12, 2008
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Word of Wisdom | Tagged: forex, Stop loss, technical analysis, trading | 
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Posted by Hamed
There is no secret
September 3, 2008The secret is: there is no secret!
Po in Kung Fu Panda
Po tried a lot to be a dragon worrier and he was handed the secret of the dragon by his master. There he found out that there is no such a thing as the secret of the dragon. The rolled paper was just a mirror.
Most traders are much alike Po and Tai Lung (who spent 20 years in prison because he wanted the secret for evil purposes), spend their time, energy and hardly earned money looking for secrets, Holy Grails and success potions or spells. They mostly forget that the secret is within them. Their behavior and psychology is the secret and there is no magic.
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Word of Wisdom | Tagged: forex, Holy Grail, psychology, trading | 
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Posted by Hamed
August 2008
September 1, 200826 trades, 16 winners ( 61.5%), with a total -164 pips (-4.4%). For the whole year, we are up 465 pips or 14.5% risking 1% of the equity on each trade:
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AUD/USD, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, Monthly review, NZD/USD, USD/CHF | Tagged: Currency market, finance, forex, FX, money management, trading | 
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Posted by Hamed
