Evening all,
Well, what's the point of this then ?
Two fold really from my point of view. It may help newer member with a few ideas, and hopefully I will receive some feedback that my improve my trading.
My method is simple. Use daily charts on the 12 major currency pairs, watch out for a few signals and trade what you see.
No indicators, just candlesticks, the bit of simple fib, and a bit of S&R.
I will aim to update this journal this time every day, and lets see what happens.
I will post live trades, using the price given by my account provider, finspreads. I will trade the spot price for ease, and we'll see if I can make a profit !
OK, first trade:
Buy AUD against USD at 0.7832, with a stop at 0.7690.
Second trade:
Buy GBP against CHF at 1.7568, with a stop at 1.7380.
As you can see I always trade with a stop.
I try to look for a risk:reward ratio of at least 2:1.
I will usually move stops to break even if we get to profit.
I will explain my methods as I go, but I guess before I waffle too much we'd better see if my methods are worth following !
Well, what's the point of this then ?
Two fold really from my point of view. It may help newer member with a few ideas, and hopefully I will receive some feedback that my improve my trading.
My method is simple. Use daily charts on the 12 major currency pairs, watch out for a few signals and trade what you see.
No indicators, just candlesticks, the bit of simple fib, and a bit of S&R.
I will aim to update this journal this time every day, and lets see what happens.
I will post live trades, using the price given by my account provider, finspreads. I will trade the spot price for ease, and we'll see if I can make a profit !
OK, first trade:
Buy AUD against USD at 0.7832, with a stop at 0.7690.
Second trade:
Buy GBP against CHF at 1.7568, with a stop at 1.7380.
As you can see I always trade with a stop.
I try to look for a risk:reward ratio of at least 2:1.
I will usually move stops to break even if we get to profit.
I will explain my methods as I go, but I guess before I waffle too much we'd better see if my methods are worth following !
