My 4th Trade Result in Forex
Bearish Three Black Crows
Highlight: My second loosing manual trade, repeating the same mistake as in my first trade, impulse buying with unfamiliar candle pattern trading strategies.
Reason of entry: Impulse trading with the thought that the pull-back or draw-down ended and will continue with the trend, entered after the candles fulfilled the Bearish Three Black Crows and hit stop loss in few hours.
What do I learn?: Do not trade with unfamiliar strategy. Don’t repeat the same mistake twice!
Tags: back test, Expert Advisor, forex trading online systems, forex trading online systems blogs, learning, loosing trade, manual forex trading, new strategy, pending orders, pull back, Pull Back Strategy, trade forex, trading results
My 2nd Trade Result in Forex
My 3rd Trade Result in Forex
Highlight: First and second winning trades in my forex trading with 102 pips and 35 pips, not bad as they happened as soon as my second trades.
Reason of entry: Enter with considerably strong signal with EMA + SAR indicator with the lower period EMA indicator line cutting the higher period EMA indicator line while Parabolic SAR changed from support to resistance dots (indicated above in the graph with thumb-up symbol).
What do I learn?: This method was based on KL’s Pull Back Strategy which had been studied and tested. I turned this strategy into EA and perform back-test. Up to my surprised that it could hit 100% winning trades but only for 7 trades. So, when the alert that i set triggered that this strategy entry point fulfilled, I entered without second thought and get out with trailing stop.
Tags: back test, draw down, EMA, Expert Advisor, forex trading online systems, forex trading online systems blogs, learning, manual forex trading, Parabolic SAR, pull back, Pull Back Strategy, trade forex, trading results, winning trade
