Hey everyone,
My names Pete and I've been on Forex factory for about 1.5 years now, and have been trading for about 1 year now. I became interested in trading after a friend introduced me to forex and slowly but surely I began to absorb bits of info he told me as well as search on my own for a strategy that would fit me best.
After a few months searching and demoing I stumbled across Eohaters thread and decided that I would apply his strategies to my trading ideas and I began live trading soon after. I lost two accounts worth of capital (700$ and 1000$) on two different occassions and took a break for about 6 months to finish up my engineering degree and search for a full time job. I secured a job earlier this year and started trading live again about 5 months ago.
I guess you could say im stuck on the cusp of making profits and I'm hovering around breakeven at the moment. I've decided to keep a journal of my trading in order to help myself see what my sticking points are and also as a way to discuss with other traders (from all skill levels) their thoughts and ideas. I work full time but will endeavour to update every day, as I trade every day.
My method
I learnt my initial trading skills from reading eohaters thread , primarily focusing on MA's on multiple time frames. I felt that this method was ideal in certain scenarios but I noticed that I didn't read higher time frames that well and got stuck over analysing MA's on lower time frames.
One of the star traders on that thread (imo) was ken lee and when Ken decided to start his own thread I was very interested to follow him. He adopted principles of S/D which have helped my trading immensely and I now have a system that is a hybrid of MA's and S/D. Like I said before, I'm not yet profitable as a trader but I believe being able to NOT lose money over a 5 month period whilst actively trading is a step in the right direction for me.
My ultimate goal is to trade enough until I can put a deposit on a house in a capital city, as I currently work as an engineer in the mines in Australia (very remote). Trading for a living is the dream and this journal will hopefully help myself and others glean some insight to the beast that is the forex market
I will explain my methodology in the form of annotated charts and if anyone has any questions regarding MA's or other technical aspects don't hesitate to post.
Without further ado, let's get this baby rolling !
My names Pete and I've been on Forex factory for about 1.5 years now, and have been trading for about 1 year now. I became interested in trading after a friend introduced me to forex and slowly but surely I began to absorb bits of info he told me as well as search on my own for a strategy that would fit me best.
After a few months searching and demoing I stumbled across Eohaters thread and decided that I would apply his strategies to my trading ideas and I began live trading soon after. I lost two accounts worth of capital (700$ and 1000$) on two different occassions and took a break for about 6 months to finish up my engineering degree and search for a full time job. I secured a job earlier this year and started trading live again about 5 months ago.
I guess you could say im stuck on the cusp of making profits and I'm hovering around breakeven at the moment. I've decided to keep a journal of my trading in order to help myself see what my sticking points are and also as a way to discuss with other traders (from all skill levels) their thoughts and ideas. I work full time but will endeavour to update every day, as I trade every day.
My method
I learnt my initial trading skills from reading eohaters thread , primarily focusing on MA's on multiple time frames. I felt that this method was ideal in certain scenarios but I noticed that I didn't read higher time frames that well and got stuck over analysing MA's on lower time frames.
One of the star traders on that thread (imo) was ken lee and when Ken decided to start his own thread I was very interested to follow him. He adopted principles of S/D which have helped my trading immensely and I now have a system that is a hybrid of MA's and S/D. Like I said before, I'm not yet profitable as a trader but I believe being able to NOT lose money over a 5 month period whilst actively trading is a step in the right direction for me.
My ultimate goal is to trade enough until I can put a deposit on a house in a capital city, as I currently work as an engineer in the mines in Australia (very remote). Trading for a living is the dream and this journal will hopefully help myself and others glean some insight to the beast that is the forex market
I will explain my methodology in the form of annotated charts and if anyone has any questions regarding MA's or other technical aspects don't hesitate to post.
Without further ado, let's get this baby rolling !