1/27/2019 Sunday Update
Been a while since I posted again here. Between trading and coding and taking care of my dog, it’s been difficult to consistently write in my journal. Anyways, current account balance is $2080. I was able to withdraw almost all of the initial balance that I put into the account which was $4000. I now only have a capital risk of $100. So my profit would be $2080 - 100 = $1980. So far, what’s been working out for me is identifying the medium-term trend(Daily and Weekly charts) and then riding that trend. Entries and exits are still sloppy, which usually involve me entering too early or exiting too late. I am still not using any technical indicators nor am I putting that much weight into economic news reports. While I do check the calendar for upcoming reports, I don’t trade the results.
Market is going to open in a few hours. My stance on NZD/USD which is basically the only pair i’ve been trading over the past two years, is bullish. Will look to enter a trade if the pair starts with a gap down around 0.6820.