My Silver journal

This is a space for my silver trades. I'd like to journal it to keep track. A TE is attached and will post my thoughts and opinions from time to time here.

Sell Stop 17.02 SL 17.29

I hope this could answer your message ...
Why sell when the price is currently playing above the 53-MA? ...
And, IMHO, the proper SL to use is the High-of-10Jan (the latest confirmed peak) if selling ...
In fact, I’ll be waiting for a buy opportunity when it’s closed above that ...

Stopped out.

Next trade.

Long 17.30 sl 16.96

Stopped out

Account reached 43% drawdown.

Time to re-evaluate

Any idea how to rename a thread?

plan:

trade u: one setup three trades each trade same sl and tp x1 x2 x3
trade o: one setup and one trade one rrr

Update.

Don't want to fund o account for now. So will be using o plan for u.

2 trades one for 1:1 and the second no tp.

Third attempt.

One pair one setup one rr

Detailed plan...

1. One setup
2. One pair gbpusd
3. Only one trade open
4. 7am to 7pm
5. 1:1 r:r
6. If first trade wins that's it for the day
7. If it fails wait next setup
8. Only first setup. No continuation trades
9. 2%mm

I'd like to journal but hate spreadsheets so here is my journal:

1. Date
2. Overnight rate
3. Open
4. Time
5. Buy/sell
6. PL
7. Took it
8. Reason

I'm not sure how important overnight rates are? It's strange no one mentions them on forexfactory...