I know it is my responsability for taking the trades, and I do but, did I had just bad luck in picking out the losing trades for the last 2 weeks or has everyone experienced many losing trades as well?

5/1/10: USD/DKK short at 5.1394 out at 5.1862
5/1/10: EUR/USD long at 1.4472 out at 1.4345

6/1/10: GBP/USD long at 1.6015 out at 1.5967

12/1/10: AUD/USD short at 0.9193 out at 0.9266

13/1/10: USD/NOK long at 5.6690 out at 5.6314
13/1/10: USD/CAD long at 1.0381 out at 1.0340
13/1/10: NZD/USD short at 0.7385 out at 0.7442
13/1/10: USD/DKK long at 5.1344 out at 5.1381 (Break even...)

Al those trades where trades with a valid tradesetup... it means we had a close above or below the res/supp line ... so everybody following this system would have taken it ... perhaps I did something wrong?

Greetings and thx for the feedback

Don't get discouraged yellow. I took many of those trades too. Thats why we need good cash management. You will hit a winning streak soon if you stick to your method.

Bill

Hello Yellow,

I think that we have all suffered with this paranoic frustration. Sometimes it just seems that the market has an evil motive and is just trying to thwart YOU. There will be winning and there will be losing periods and you have to take them in your stride. It will send you to the crazy house otherwise

Not all of the trades that you have mentioned were actual trade set-ups signalled by Vahid, but using the 1:0.75 R/R, you would have had more winning trades. If you are finding it difficult to accept losses, it may be better to stick to this R/R ratio for the time being.

You have to realise that market movements can be choppy or trending. When you use the higher R/R ratios, you will have more losses, but the occasional strong market move in the expected direction can wipe out previous small losses with 1 good trade.
It's a great feeling when you risk 100 pips and finish 500 pips up It doesn't happen too often, but it most certainly does happen

Good luck and look forward to the gains when the markets stop being so choppy!

Keith

Hi Yellow

I have (like a good little student) been developing my own entry conditions. This has kept me out of some of Vahid losing trades.
I don't blindly take the signals anymore. i find it much more rewarding as I know I am heading in the right direction to becoming an independant trader.
I like Vahid signals. Sometimes they confirm my own analysis sometimes they alert me to trade setups that I have missed.
My conditions are based on Vahids teachings and I thank him very much for that.
I believe doing this is what this website was designed for. the more trades you watch the more you learn.

Hang in there
I have at numerous times thought about giving up Forex trading.. But then I guarantee the results. reduce your risk create your own analysis that you are confident with. It will all come together.
If my trade analysis proves to be successful in a few months I will share and show my results.
Its only early days yet though after the most recent tweaking


Dave

Don't get discouraged yellow. I took many of those trades too. Thats why we need good cash management. You will hit a winning streak soon if you stick to your method.

Bill[/quote]

OK, I am happy I was not alone and it wasn´t me breaking some kind of rules

Hi Keith ... I don´t have problems with taking losses. I am really proud that I didn´t moved my stop like I used to do haha. But because there is no performance list I just was not sure I did the right thing.

I was using the 1:1 ratio and I didn´t moved the stop to B/E when it hits the T1. So it is either + or -2%. I think I might consider using the 1:0.75 ratio and take half of the profit at T1.
Thx for the suggestion!

Oh yes that is for sure..having good cash management is rule number 1. Since I am using the money management rules of VAHID (2% rule etc) I am not nervous anymore when I am in a trade. I used to because my position was to big... and an other advantage is that although I had many losses in a row, I didn´t lose that much money
So money management is rule number 1 for me beca&use I want to stay in this game ...FOREVER

Thx Bill

I try not to follow VAHID trades blindly, however I am learning his way of trading so for me all the trades where good trade setups (except for 2) But you are right, I should make my own decisions and the videos from vahid are really helping a lot in learning to see the trade setups on my own. Thanks a lot Vahid!!

I hope you can show some results in a few months so that we can learn from you as wel

Thx for your reply Dave!

...as you can see you are not alone at all. Actually you can read my vent off on the market going to the main Forexoma thread
Last week sucked overall and we were all looking for reasons. As Vahid rightly said FOREX market is also made of central banks and institutions which are not participating in day to day trading but are selling/buying big chunks of money for instance for direct trading, shifting their reserves and these type of movements are the strongest at the end of old and beginning of new year, sometimes at the end of each quarter or financial year in given contry. So for instance once we will be getting close to March end (end of finacial year in Japan) I will stay double cautious as last year I observed a similar a tremendous chop when yen related pairs could whipsaw back and forwards more than 150pips in matter of one hour. So you can observe price goes with trend and then for no reason reverses in complete U turn just follow the trend next day. Vahid is observing markets long enough to know about this type of action.
I personaly always use 1:0.75 strtaegy when trading against main trend and cutting losses quicker. Then occassional runner can easily compensate the mysery of back to back losses. Cutting loosers early helps me to minimize negative trades and I'm fine even when eventually it goes in desired direction. However I noticed that this doesn't happen very often and violation of S/R line is a signal for me to get out. So I don't mind occassional situation when I "kill the trade" and it went back where it should. In this respect having a trading journal is the best way to have some retrospection and recognize when to stay and when to bail out.
Just 2 days ago I was negative in my account after all losses suffered but managed (due to my own method which I'm developing) to get out with a miniscule gain - to have some candy for a whipping boy
However I had and I will have weeks with negative net value - I'm still learning to swallow these bitter pills and still has not enough patience to deal with them.
Hope this helps.
Heads up, this chop in market will not last forever.

Well, I am new to forex trading and I know there is a "window dressing" in the equity market but didn´t know something alike existed in forex .. so thank you for this information

So when you trade against the trend you use the 1:0,75 ratio... what ratio do you use when you trade along with the trend?
What other money management are you using?

Thx,