Second Trade

Ok my second trade, did not really follow the rules this time, just followed the alert. Lets see what happens.
Buy @ 13841 TP 10 SL20

This one won.
Trade review: the candle is a very big candle that reversed from the previous downtrend. I think this shows a good reversal meaning strong trend upward. But then it stop at the support/resistance area plotted by the indicator. I'm quit impressed as i took the profit just below the indicator's auto s&r. I'm not home at the moment, blogging from logmein.com Excited to trade later.

Trade 1

Short @ 1.3825
TP @ 20 pips
SL @ 20 pips
Target profit - 1.3809 just above the 0 pivot point

I took the trade because of the alarm I got from the indicator. All the oscillators shows a downtrend except for the 5 minutes. Hmm, i think there is a repainting issue with this indicator. I'll keep you guys updated.

Edit: Just hit my stop lost, and a very fast one too, this one bar just keeps going up in less than a minute. thats 20 pip!

First things first

First things first, I start internalizing all the concept of this new trading system. Doing this, I will be able to setup my metatrader 4 platform very clearly. There are alot of indicators in this system. This is one of the reasons it is important to read the system manual.

Day 1 - Choosing my System

Hi, technically this is not day 1, i have spent the summer studying forex at http://www.babypips.com, went from internet marketing to studying forex. I found that i'm more comfortable doing forex. I have done different types of forex trading since then, mostly scalping using Cyrox Rainbow method. This method is I found very tiring as you have to stare at price action for the entire trading period. After some searching around I found a system that I think I will be comfortable with. I won't name names first as I am testing the system. I am tempted though to yell out the name of the system, but I choose to keep quite first. I will be posting my progress day by day, stay around and enjoy the journey to success from demo to live trading.