JDTRADER - Forex Spreadbetting Journal

J

JDTRADER

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• Aug 18, 2010

• #1

Hi Traders

£97.00 to Financial Freedom starts here TODAY.
Wednesday 18th August 2010

Trading on Smart Live Markets

Trading Forex, Stocks, Commodities and Indices

Trading Plan-
Smart Live Markets start £97 to build Balance using the 3% rule.
Trade Forex, Stocks, Commodities and Indices
Build up trade balance to trade more per pip
Target 12 weeks straight making £1,000 profit
Complete Target move to 60/40
Weekly Profit - 60% wages 40% reinvest into trade balance

THEN WORK FULL TIME PRO TRADER​

Its a Marathon Not A Sprint​

On the way learning more about Forex and all trading in general. I have set up a Business Plan and will be treating this path as a journey to become financially independent and earn my living from Trading. I will try to trade every working day from Monday to Friday.

 

Last edited by a moderator: Aug 23, 2010

J

JDTRADER

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• Aug 18, 2010

• #2

Re: JDTRADER £97 to Financial Freedom

Jumped in last night when I was setting up the account on Smart Live Markets and opened a position.

EUR/USD SELL 1.28966 closed 1.28916 +5pips = £0.50

So opening Balance for this morning £97.50

 

J

JDTRADER

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• Aug 18, 2010

• #3

Re: JDTRADER £97 to Financial Freedom

GBP/USD
BUY 1.55467
STOP 1.55308

all trades at 10p per point untill further notice

Stop moved 1.55487
Stop moved 1.55510
Stop moved 1.55527 volume dropping off
Stopped 1.55527 +6pips £0.60

I could of moved stop in front of entry for a scratch if no big move but at this stage its about capital defence and scalping for profit building. Want to get to £200/£300 before letting profits run but if all the indications say let run I will but if not scalp for profit.

Soon as trade goes positive I'm moving stops for defence of position

 

Last edited: Aug 18, 2010

J

JDTRADER

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• Aug 18, 2010

• #4

Re: JDTRADER £97 to Financial Freedom

FTSE 5347

I'm seeing it going up above 5364 to 5398 today

 

J

JDTRADER

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• Aug 18, 2010

• #5

Re: JDTRADER £97 to Financial Freedom

Early S&R for GBP/USD S1.5541 R1.5561

Hit R & S broke support got it right but was not sure to trade. Nice to see I charted it correctly........

missed trade 57pips

 

Last edited: Aug 18, 2010

J

JDTRADER

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• Aug 18, 2010

• #6

Re: JDTRADER £97 to Financial Freedom

Will be mainly trading EUR/USD for the tight spread and watching the FTSE

 

A

anley

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• Aug 18, 2010

• #7

Re: JDTRADER £97 to Financial Freedom

What a 'journey'

 

DionysusToast

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• Aug 18, 2010

• #8

Re: JDTRADER £97 to Financial Freedom

lol - starting with 97 quid and taking a 'salary' out of the profits....

I think if you want financial freedom, you may want to hold off on drawing that salary until you have a slightly higher balance.

BTW - where did the extra 47 quid come from?

 

J

JDTRADER

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• Aug 18, 2010

• #9

Re: JDTRADER £97 to Financial Freedom

JDTRADER said:

FTSE 5347

I'm seeing it going up above 5364 to 5398 today

Click to expand...

FTSE BUY 5323.3 stop 5310 TP 5364

stopped out 5310 -£1.33

 

Last edited: Aug 18, 2010

DionysusToast

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• Aug 18, 2010

• #10

Re: JDTRADER £97 to Financial Freedom

JDTRADER said:

FTSE BUY 5323.3 stop 5310 TP 5364

Click to expand...

Position size ?

 

J

JDTRADER

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• Aug 18, 2010

• #11

Re: JDTRADER £97 to Financial Freedom

DionysusToast said:

lol - starting with 97 quid and taking a 'salary' out of the profits....

I think if you want financial freedom, you may want to hold off on drawing that salary until you have a slightly higher balance.

BTW - where did the extra 47 quid come from?

Click to expand...

LOL

you have not read my journal correctly. draw wages when I hit £1,000 per week profit which is some way off.

No draw on balance, target to build balance.

Extra £47 came from my trading on Capital Spreads last week. Traded £50 up to £118.70 but did not like the platform.

 

J

JDTRADER

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• Aug 18, 2010

• #12

Re: JDTRADER £97 to Financial Freedom

DionysusToast said:

Position size ?

Click to expand...

all trades at this balance 10p per pip

 

advfntrader

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• Aug 18, 2010

• #13

Re: JDTRADER £97 to Financial Freedom

sounds as if yoou are scalping a few pips here and there ? would you not be better to place some daily trades and target a few hundred pips profit ? good luck though !

 

J

JDTRADER

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• Aug 18, 2010

• #14

Re: JDTRADER £97 to Financial Freedom

EUR/USD SELL 1.28430

moved stop 1.28410

TP 1.28310 +£1.20

 

Last edited: Aug 18, 2010

T

tomorton

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• Aug 18, 2010

• #15

Re: JDTRADER £97 to Financial Freedom

Mad. I love it.

 

J

JDTRADER

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• Aug 18, 2010

• #16

Re: JDTRADER £97 to Financial Freedom

advfntrader said:

sounds as if yoou are scalping a few pips here and there ? would you not be better to place some daily trades and target a few hundred pips profit ? good luck though !

Click to expand...

That would required larger stops which would put me above my 3% rule

 

J

JDTRADER

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• Aug 18, 2010

• #17

Re: JDTRADER £97 to Financial Freedom

Anyone got views on the BoE minutes ?

 

J

JDTRADER

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• Aug 18, 2010

• #18

Re: JDTRADER £97 to Financial Freedom

tomorton said:

Mad. I love it.

Click to expand...

 

J

JDTRADER

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• Aug 18, 2010

• #19

Re: JDTRADER £97 to Financial Freedom

EUR/USD SELL 1.28476 Stop 1.28310 -£1.20

added

SELL 1.28467 Stop 1.28589 -£1.20

thought i had this right

Stopped out on both

 

Last edited: Aug 18, 2010

J

JDTRADER

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• Aug 18, 2010

• #20

Re: JDTRADER £97 to Financial Freedom

going to stay out now till after the BoE