Also short EU 1.3671, Long USDCAD 1.0396
Current open trades with updated SL’s:
GU sell 1.5551, SL 1.5551 (BE)
AU sell 0.9058, SL 0.9066
EU sell 1.3671, SL 1.3690
UCad buy 1.0396, SL 1.0385
All of my positions are closed now -
GU closed at 1.5517 (+34 pips)
AU closed at 0.9046 (+12 pips)
EU closed at 1.3649 (+22 pips)
UC closed at 1.0416 (+20 pips)
add the losses:
AUDUSD short (-14 pips)
USDCHF short (-15 pips)
GBPCHF short (-25 pips)
Totals +34 pips today. . .
I closed ther GBPUSD trade way too early - at this point couldve been a 100-pip trade - I should have known better with GU to get panicky, haha.
Anyways thats that for Wednesday in London.
My mistake - Tuesday in London.
For my own sake I’m going to tally the pips I’ve made so far:
last week: +36 pips
Yesterday: +85 pips
Today: +34 pips
. . .for a total of 155 pips so far, and my account is currently at $270
hehe, cheeky title designed to attract newbies.
well done forexchef ! keep up the good work. Has this thread affected your trading in any way yet?
No… I think he’s actually aiming for something like this. Which is fun to follow and something interesting to watch :p. Giving me some hope if this works out haha.
Currently positions just taken:
BUY GBPJPY @ 139.56, SL 139.28
BUY EURJPY @ 122.29, SL 122.05
Both trades stopped out for a total of -52 pips
Well, I won’t be able to trade until next wednesday because my wife is leaving town until then and I have to look after all 3 kids.
So I’m at +102 pips and my journey continues next week. . .
I like people with ambitions and courage to do something different. Especially with a plan in mind. I have had hurdles in my life when everyone thought what i did was not possible and it did not make sense to them however my plan, determination and hardwork made me achieve my goals. I see you are trying something similar. I am not too old in Forex and after about a year i am at break even. I have been learning and searching for the right system to work with. Now i am a little bit confident where I wanna really focus on making money in Forex. I am in US and with extremly busy schedules. I love Euro session to trade but time frame does not allow me as they start 2.00AM and i have to work next day 9-5. Even after 5.00 I am very busy. Usually i try to check things early in the morning and during office breaks. My plan is similar to that of yours. My weekly target is 100 pips and volume will be doubled every week. Pairs i might use any. I will start with 10k volume. My stoploss is based on a pair i am trading. Mostly it will be 30pips and target profit 90Pips. I will mostly use H1 time frame. I will try and do 5 trades a week. So if i lose 3 x30=90 pips and win 2x90=180 will still meet my target. I shall be very causious when picking a trade to avoid losing trade as much as i can. Shall try to be conservative. Will try to avoid overtrading and have enough sleep to make proper decisions. Will not use trailing stops and move my stops manually. Also my tp will not be preset and will follow the trade and decide accordingly. Will keep you all posted.
I believe in one thing that i would like to share with naysayers: When you dream about touching a sky, you will definately make it through clouds. So forexchef may not meet his goal of 50k but he sure will make somewhere between 20-30K. That myfriends is what i call achievement.
Good luck forexchef. Keep up the attitude.
May favor smile upon you forexchef. 
bigpips007. . .
From what you told me about your schedule it sounds like trading the 4hr charts would be good to trade off. I have been trading off the 4 hour charts with my other account for a while and if I didn’t have all day to look at charts and enough time in the first few hours when the markets open in europe I would only trade 4HR. I just check the chart every 4 hrs for a signal to be generated and when that happens I just place a pending order and check back every 4 hours.
Only problem with 4hr chart is that we need larger stop loss. Which later would be difficult for both of us when we have doubled the volume. don’t you think? Plus the system i use gives very few signals a week. So One hour will give me enough opportunity to make 100 or more pips a week. But i totally understand your point. I shall post all my trades starting next week and we shall discuss on them.
In the meantime … i will go out and enjoy the snow… lol
Thanks again
snow in the states right now?
jeez - im in BC, canada and its as sunny as can be right now
Snowing here in Toronto too haha 
I see you’re making progress with your goal, you’re having a better week than me too! Keep it up look forward to seeing more.
lol, lets hope so…
Wow, its strange - this journalizing of trades in a forex forum.
Makes me feel like such a champ when my trades win, then makes me feel
like a such a bum when the trades i posted end up losing. But really - it doesn’t matter that individual trades are winning or losing - what matters is that the account is growing over the course of a week (maybe safer to say the course of a month!).
It’s kinda like what bigpips007 said though - in my own words - shoot for the stars and its nice just to make it to the clouds, but when you get there shoot for the stars again and maybe next time youll make it to the moon!
Pending BUY at 121.72, SL 121.12 on EURJPY
Interesting thread. GOOD LUCK Forexchef!
As you can see, I am a newbie. So I have a few questions, if you don’t mind.
- What broker are you using for your micro account?
- What margins are you using to trade those size lots?
- What trading strategy are you using?
Sorry if any of this was already posted, I am trying to read through the whole site and may have missed it.