Hello Baby pips community, I am Fransisco Magnetics From TANZANIA, East Africa.
I have been in forex since 2017 July, I have never have mentor, babypips have been my mentor, trainer and school of all time for free. I am not put myself as much succes but i wish to use this forum to encourage others you don’t need scams out there or holy grail strategy. But the education that provided here it may real help any begginer.
Here is my important keys before execute my trading:
What is the trend of market starting from daily Timeframe
My trading pairs are GBPJPY, GBPCHF, GBPUSD, GBPCAD, GBPAUD and GBPNZD.
What are the fundamental/News of the certain day that may affect my trades.
What is market environment. (Trending or Range), I will not trade ranging market.
My target per day:
Maximum 3 trades per day
Risk reward ratio of 1:2 up to 1:3
5% of my account per day.
Minimum 50pips per day.
My Stategy:
I start analizing price action ( zones, trendline)
I use EMA 200period to detect the trend Daily, 4hr and 1hr.
I find trending reversal by chart patterns (double top & bottom, head and shoulder) and trendline breakout.
I always use Elliot wave with Fibonacci retracement to know the target profit & stop loss.
I am trading on London session and few hours on New york session.
My entry was at third bullish candlestick, reason first after the first bullish candlestick which i identify it as harami, then was respected by the second bullish 4hr candle.
Second, The PMI news which released 11:30 and gave GBP strength was another reason convince me to buy it.
My target was 5% per day by gain 50pips from 0.10 lotsize since my capital is $1000 so i have blessed my blue monday with $62.
I will keep follow up this trade by using EMA to find entries up to the top.
This trade i use:
Elliot wave theory
Fibbonacci retracement
Candlestick pattern ( Harami bullish)
Fundamental released of the day.
Day one was fun huh? Thank you @babypips for knowledge. And catch me here on this journey
Hey, f, your only goal should be to trade well, so forget the rest, you will never be able to predict how much you will make per day or how many trades you will be able to take. First you have to be able to consistently be on the “Right” side of the trade, then you have to have an efficient entry, ONLY and ONLY after this can you even think about managing a trade, like covering half a position, or something like that.
You are not selling widgets here, and you cannot change what the market does or will do, so you have to be ready to STRIKE when the market is favorable to your “system” and “edge”, and stay out when the market is not favorable.
This post is a great help to me. Looking forward to following you. It gives me hope. I’m new still in demo mode almost a year now. Starting to understand it but nervous to take the next big step to line trading. Keep the good posts coming. Thank you!
I love seeing new trading journals here. 
Haha. Good luck with this 
May the pips be with you!