Hello,
I started a trading journal at the end of April on another website and would like to post here too.
Here is a copy of the first post of my journal dated 27th April 2012:
Hello.
I am a novice Forex trader with a very small account of £560.
Starting a journal to record my live trades and progress. Aiming for at least 15% annual return with a drawdown no greater than 10%.
Risk per trade is between 0.5% and 1% unless stated otherwise.
Risk:Reward at least 1:5
Very basic strategy of support and resistance using 4hr and daily charts. No indicators.
In case you would like to read my progress during this first month, the link to my journal is:http://www.trade2win.com/boards/trad...5-dd-10-a.html
I will start posting my journal here.
Thank you for reading.
EDIT: I closed my USD/JPY position at 79.05 for risk:reward of 1:5 (I originally sold at 80.48, with 27 pip sl). See link for exact time.
I am not selling anything and my trades are certainly not recommendations.
I started a trading journal at the end of April on another website and would like to post here too.
Here is a copy of the first post of my journal dated 27th April 2012:
Hello.
I am a novice Forex trader with a very small account of £560.
Starting a journal to record my live trades and progress. Aiming for at least 15% annual return with a drawdown no greater than 10%.
Risk per trade is between 0.5% and 1% unless stated otherwise.
Risk:Reward at least 1:5
Very basic strategy of support and resistance using 4hr and daily charts. No indicators.
In case you would like to read my progress during this first month, the link to my journal is:http://www.trade2win.com/boards/trad...5-dd-10-a.html
I will start posting my journal here.
Thank you for reading.
EDIT: I closed my USD/JPY position at 79.05 for risk:reward of 1:5 (I originally sold at 80.48, with 27 pip sl). See link for exact time.
I am not selling anything and my trades are certainly not recommendations.