Hello !
First of all, I am not a successful trader..I open this journal to have your opinions on my trades and it's a way to be forced to get a pretty decent historical database (charts + trades).
I am not a native English speaker so I am sorry about that. At least I hope it would be understandable.
Trading Method
I always use pending orders and never market orders.
TA :
My trading method is "basic", I just use the supply and demand zones. I try also to follow the trend.
I use daily chart/4H chart to spot the main supply and demand zones. But I use the 1h chart to better spot my entry because I prefer using a tight stop.
So when I use 1h zones, I follow the trend because those zones are less strong than the daily ones.
FA :
I keep an eye on the fundies : main indicators (PIB, unemployment etc...), European bond rates etc.. which can sometimes reverse the trend. I never trade news but I may delete some pending orders according to the news.
I am also watching the equities market (Dax and S&P 500) and the commodities one (Oil and Gold).
Risk Management
In my pending orders, there are always a target and a stop limit.
My reward:risk ratio will be at least 3.
Stop limits will be around 20 pips (+/- 3 pips), so my target limits are around 60 pips.
Pairs traded
From my own experience, I have never succeeded in following to many pairs so I will trade those pairs : EUR/USD, EUR/JPY, AUD/USD, USD/CAD and NZD/USD.
Charts
I will try to post my charts for these 3 pairs everyday with my trading plan.
Everything is on the charts : NZDUSD ex-post analysis
Useful stuff from FF members :
http://www.forexfactory.com/showthre...59#post5815359
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Trades record
Last Update : 31/08/2012
Number of trades : 110
Winners :38
Losers (BE included) : 72 (14)
% Winners : 35 %
% Losers (% BE) : 65 % (15 %)
Total Pips : +232 pips
-----------------------------------------------------------------------------------------------------------------------------------
1st Week (02/07/2012-06/07/2012) : - 45 pips - 1 Winner - 5 Losers (2 BE)
http://www.forexfactory.com/showthre...98#post5820398
2nd Week (09/07/2012-13/07/2012) : - 34 pips - 0 Winner - 7 Losers (5 BE)
http://www.forexfactory.com/showthre...19#post5841319
3rd Week (16/07/2012-20/07/2012) : + 119 pips - 9 Winners - 7 Losers (2 BE)
http://www.forexfactory.com/showthre...48#post5866748
4th Week (23/07/2012-27/07/2012) : + 68 pips - 3 Winners - 9 Losers (4 BE)
5th Week (30/07/2012-03/08/2012) : + 45 pips - 10 Winners - 11 Losers (1 BE)
http://www.forexfactory.com/showthre...11#post5904211
6th Week (06/08/2012-10/08/2012) : + 20 pips - 5 Winners - 9 Losers
http://www.forexfactory.com/showthre...17#post5925217
7th Week (13/08/2012-17/08/2012) : + 23 pips - 3 Winners - 7 Losers
http://www.forexfactory.com/showthread.php?p=5943633#post5943633
8th Week (20/08/2012-24/08/2012) : + 68 pips - 4 Winners - 6 Losers
http://www.forexfactory.com/showthre...00#post5959000
9th Week (27/08/2012-31/08/2012) : - 32 pips - 2 Winners - 4 Losers
http://www.forexfactory.com/showthre...45#post5976045
First of all, I am not a successful trader..I open this journal to have your opinions on my trades and it's a way to be forced to get a pretty decent historical database (charts + trades).
I am not a native English speaker so I am sorry about that. At least I hope it would be understandable.
Trading Method
I always use pending orders and never market orders.
TA :
My trading method is "basic", I just use the supply and demand zones. I try also to follow the trend.
I use daily chart/4H chart to spot the main supply and demand zones. But I use the 1h chart to better spot my entry because I prefer using a tight stop.
So when I use 1h zones, I follow the trend because those zones are less strong than the daily ones.
FA :
I keep an eye on the fundies : main indicators (PIB, unemployment etc...), European bond rates etc.. which can sometimes reverse the trend. I never trade news but I may delete some pending orders according to the news.
I am also watching the equities market (Dax and S&P 500) and the commodities one (Oil and Gold).
Risk Management
In my pending orders, there are always a target and a stop limit.
My reward:risk ratio will be at least 3.
Stop limits will be around 20 pips (+/- 3 pips), so my target limits are around 60 pips.
Pairs traded
From my own experience, I have never succeeded in following to many pairs so I will trade those pairs : EUR/USD, EUR/JPY, AUD/USD, USD/CAD and NZD/USD.
Charts
I will try to post my charts for these 3 pairs everyday with my trading plan.
Everything is on the charts : NZDUSD ex-post analysis
Useful stuff from FF members :
http://www.forexfactory.com/showthre...59#post5815359
---------------------------------------------------------------------------------------------------------------------------------------
---------------------------------------------------------------------------------------------------------------------------------------
Trades record
Last Update : 31/08/2012
Number of trades : 110
Winners :38
Losers (BE included) : 72 (14)
% Winners : 35 %
% Losers (% BE) : 65 % (15 %)
Total Pips : +232 pips
-----------------------------------------------------------------------------------------------------------------------------------
1st Week (02/07/2012-06/07/2012) : - 45 pips - 1 Winner - 5 Losers (2 BE)
http://www.forexfactory.com/showthre...98#post5820398
2nd Week (09/07/2012-13/07/2012) : - 34 pips - 0 Winner - 7 Losers (5 BE)
http://www.forexfactory.com/showthre...19#post5841319
3rd Week (16/07/2012-20/07/2012) : + 119 pips - 9 Winners - 7 Losers (2 BE)
http://www.forexfactory.com/showthre...48#post5866748
4th Week (23/07/2012-27/07/2012) : + 68 pips - 3 Winners - 9 Losers (4 BE)
5th Week (30/07/2012-03/08/2012) : + 45 pips - 10 Winners - 11 Losers (1 BE)
http://www.forexfactory.com/showthre...11#post5904211
6th Week (06/08/2012-10/08/2012) : + 20 pips - 5 Winners - 9 Losers
http://www.forexfactory.com/showthre...17#post5925217
7th Week (13/08/2012-17/08/2012) : + 23 pips - 3 Winners - 7 Losers
http://www.forexfactory.com/showthread.php?p=5943633#post5943633
8th Week (20/08/2012-24/08/2012) : + 68 pips - 4 Winners - 6 Losers
http://www.forexfactory.com/showthre...00#post5959000
9th Week (27/08/2012-31/08/2012) : - 32 pips - 2 Winners - 4 Losers
http://www.forexfactory.com/showthre...45#post5976045