[B]I am journaling my trades here with the hope I can grow my account consistently using the same strategy. Posting my charts and results for future reference and to remind me of what I did right or wrong. NOT teaching anyone or advocating to be a teacher. Just trading GREEN
EUR/JPY, GBP/JPY, AUD/JPY, NZD/JPY, EUR/USD, GBP/USD, AUD/USD, NZD/USD, USD/JPY, USD/CAD
[/B]
[B]RULES[/B]
[ol]
[li]Follow the market leaders.
[/li][li]Risk:Reward - up to 1:2 OR 1:3.
[/li][li]Trade ONLY two(2) strategies. Keep settled on your strategy. Minimize the chatter and avoid distractions.
[/li][li]Take 6 trades max per day.
[/li][li]Only trade 4hour and Daily charts.
[/li][li]Trading days definitely Monday to Thursday for Day Trading. Avoid NFP days.
[/li][/ol]
[B]Balance at Start: USD$51.60
Current Balance: $68.70
% Net Profit/Loss: +33.14%
[/B]
Short the NZDJPY. Stop already at breakeven.
Subbed Bagz, keen to see how you go. What currencies do you usually trade?
Results of my first trade
[B]+30.8 pips[/B] / [B]$2.53[/B]
Bal: [B]$54.13[/B]
Hi Promachoi, I trade gj, ej, aj, nj & nzdusd
Markets awfully volatile today, but still able to stay green.
Results of Trades 2 & 3:
aj short: [B]+19.7 pips[/B] / [B]$1.60[/B]
nj short: [B]+18.1 pips[/B] / [B]$1.49[/B]
Bal: [B]$57.22[/B]
Should have held on to my shorts. Nonetheless, results of trades 4 and 5.
trade 4: [B]-15.2 pips[/B] / [B]-$1.54[/B]
trade 5: [B]-14.1 pips[/B] / [B]-$1.19[/B]
So [B]+39.3 pip[/B]s so far today.
My rules of taking a max of 3 trades per day will definitely apply. In DAY 1, I put my system under rigorous testing, and ensure that I stick to its rules.
Day 1
9 trades taken, 3 were winners, 6 losers
1 trade was a double entry trade that was cancelled
I am -39.9pips today and current balance is $47.52.
This is my last trade day for the week, so I may close off here. Certainly 1-3 trades will be good enough going forward.