-I have decided to begin this thread for 2 chief reasons: 1) I need a journal that help me keep track of my trades. (2) could be read and commented on by everyone here. -How I intend to conduct this thread is posting my live trades as soon as I put them. -As for risk management, -- (1) I risk ONLY 10% of my balance on any commerce (It can be too much for you). -- (two ) I utilize SL of both 30 and TP of 70 pips. -- (3) I use a SL of both 50 and TP of 100 on Gbp-Jpy. If you intend to follow my trades it is probably better to begin with a demo account and change to reside trading only once you see consistent results. All these are my pairs:
- EurUsd.
- GbpUsd.
- UsdChf.
- EurJpy.
- EurGbp.
- GbpJpy.
I started a demo account of $200 for this purpose--to check my trading system. I will post my trades as soon as I take them.
Pls my post here are not transaction advice....at your risk. Thank you.