MY trading journal
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Thread: MY trading journal

  1. #1
    I am currently analyzing a easy egy.

    My egy would be to spot momentum @daily and weekly charts.

    Once the momentum confirmed, I will use the first 4 hr candles of the following day to earn entries.

    **I think in my ability to spot momentum easily. If I hesitate I will drop the idea of trading for that particular tool that day. ( significant )

    Entrance:

    Sell and buy stop @ top and underside of the 4 hr candle.

    I will RISK just 1 percent of my account for each device.

    MAX risk per day 5%, WHICH means 5 instruments only.

    My risk: benefit would be 1:3 for both market and buy.

    My exit egy;

    I will possibly get closed after the profit limit or guide shut if I see NO MOMENTUM on daily/weekyly charts.

    Notes:
    I will test this egy for three or more months.

    I will upgrade every entry and exit details each day.

    The main isn't pips but the percentage I win or reduction determines I earn money or not.

    Account:
    I am starting with a $200 balance.

    Forforexintuitivemembers:
    Thank you for being supportive.

  2. #2
    Based on weekly candles, I have been able to spot momentum over the following currencies.

    EUR/JPY, USD/CAD, USD/JPY

    These orders below must run till the next or if hit the profit target or eliminate momentum is going to be closed manually.

  3. #3
    All these are the orders to get 02112012

  4. #4
    TODAY OPENED AND PENDING ORDERS.

    Momentum verified on previous days:

    AUD/USD, USD/SHF, EUR/USD, GBP/USD

  5. #5
    After carefully studying each tool.
    I was not able to discover any momentum previous daily.

    Thus,
    All these are my prior day's trading benefits. Struggling to increase 4% of my account balance.

    Account balance; $2040

  6. #6
    Now momentum verified on those 3 pairs.

    eur/usd, usd/chf, eur/jpy

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