Hello Everyone,
My name is Ambrose, this will be my trading journal for my live account which i funded some few days ago with 137 USD. I am believing myself to raise this 137$ to some substantial amount like 1000’s. I know my expectation is not that realistic my but who cares,after all it all bow down to making green pips. I will try as much as possible to update this journal more often with progress ie both the GAINS and the LOSSES. Y’all wish me will on this lonely journey. :57::57:
I took this GBPJPY trade though this is not my first trade, had taken about 4 trades earlier on just that that i couldnt get time to post them here. The reason i took this trade is that price has been stacked my Support Line which was tested 3 times recently.Also price has been unable to pass through my 61.8 fib. All these gave me the impression that pullback is taken place so entered Sell position risking 5.79% for 16.14 % reward. Let see what price has in-store for me. Wish me happy green pips.
Too bad i lost this trade. So my account is down by -5.79% with -40pips to recover.
So far on my Live account journey, i have lost 13.13 % of my account. All the same i know its part of the game so i will only have to sit down i know which part of trading plans i am violating. Anyway i have entered few trades this morning.
Too bad i think this week has been bad for my Live trades. I have been on losing streak since the beginning of the week.
Do you mind if I make a couple of suggestions?
Only trade 0.01 lots, 0.02 is too much for your account size.
Don’t open a 2nd trade until your 1st trade is in profit and you have a stop loss at breakeven or better.
Best wishes
Thanks bro…
I havent been active on my journal since i started it but i will be sure of visiting this thread each day. the following charts are my ideas on these pairs.
Thank you for your awesome suggestions, they will be factored in my trading plans but sorry for late reply .