Good day fellow traders!
This journal is created to keep track of my 2nd demo trading mission. I will post my demo account update here. I’ll also try to post my pre-trade analysis, when possible, and my post trade analysis. Everybody is welcome to share ideas, discuss trades (as long as it is in GBPUSD), and analyze pre-trade setups.
Objectives: a) 100% Account Growth; b) 20% Max Drawdown, c) 3 Max Consecutive Losses, d) Finalize Rules for Strategy
Start Date: September 15, 2008
End Date: (open)
My Trading Session: 01:00-12:00 EST
Starting Balance: $5,000
Currency Pair traded: GBPUSD
Type of Trader/Trades: Short-term
Trading Approach: Trend Continuation, Breakout
Account Risk per Trade: 5%
I don’t have a finalized set of rules on my trading approach yet, so I won’t post them. Maybe at the end of the mission or when I finalize it, I might.
Tools and Strategy in a Nutshell: Pivot Point, Psychological Levels, Visual SR Levels comprises my map. Fibonacci Analysis, Trend Lines, Chart Formations and MACD Divergences are my guides.
This journal is created to keep track of my 2nd demo trading mission. I will post my demo account update here. I’ll also try to post my pre-trade analysis, when possible, and my post trade analysis. Everybody is welcome to share ideas, discuss trades (as long as it is in GBPUSD), and analyze pre-trade setups.
Objectives: a) 100% Account Growth; b) 20% Max Drawdown, c) 3 Max Consecutive Losses, d) Finalize Rules for Strategy
Start Date: September 15, 2008
End Date: (open)
My Trading Session: 01:00-12:00 EST
Starting Balance: $5,000
Currency Pair traded: GBPUSD
Type of Trader/Trades: Short-term
Trading Approach: Trend Continuation, Breakout
Account Risk per Trade: 5%
I don’t have a finalized set of rules on my trading approach yet, so I won’t post them. Maybe at the end of the mission or when I finalize it, I might.
Tools and Strategy in a Nutshell: Pivot Point, Psychological Levels, Visual SR Levels comprises my map. Fibonacci Analysis, Trend Lines, Chart Formations and MACD Divergences are my guides.