JDTRADER - Forex Spreadbetting Journal

[JDTRADER]

Re: JDTRADER FOREX DAY TRADING

Today went back to my trading pack:

Trading Plan-
Oanda start £100 to build Balance using the 3% rule.
Target £3,000 review Brokers
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​

Learning :smart:
Going back to basics watching some training videos over the coming weeks:
Informed Trades:
http://www.youtube.com/user/InformedTrades#p/p
and back to Forex school with Baby Pips:
http://www.babypips.com/school/

Whenever things go wrong its could to take a step back and re look at your trading in my view.
Not to say I'm doing things wrong as my charting is pretty good now but its just going with my ideas and PULLING THE TRIGGER. Then STAY THE COURSE of the trade.

:idea: Relooked at last weeks trades and identified errors and will look to be better next week.

Did some research today and will be charting for the week ahead Sunday.

Trading on Oanda and just added last week £10.00, EURUSD trade has taken that up to £14.36. Just sent another test trade (I explained in this thread my problems funding Oanda) of £7.00. If that deposits goes smoothly as the £10 then I will top up account to £100.

:!:
You can follow me on Twitter:
http://twitter.com/JD_TRADER

Add me as a friend on Facebook: John Trader

And see all my trades on myfxbook.com:
http://www.myfxbook.com/members/JDTRADER/jdtrader/3255

Have a good weekend

 

[tomorton]

Re: JDTRADER £97 to Financial Freedom

I spend much weekend time in reflection of my efforts at trading and study/backtesting. In this respect, http://chartgame.com is always worth a try.

 

[JDTRADER]

I spend much weekend time in reflection of my efforts at trading and study/backtesting. In this respect, http://chartgame.com is always worth a try.

Yeah thanks, fun tool lol

 

[tomorton]

Re: JDTRADER £97 to Financial Freedom

Yeah thanks, fun tool lol

Mayube, but you shouldn't have stayed up till 3:24 playing it!

 

[JDTRADER]

Re: JDTRADER £97 to Financial Freedom

Mayube, but you shouldn't have stayed up till 3:24 playing it!

lol

cab driver

 

[JDTRADER]

Re: JDTRADER FOREX DAY TRADING

Trading Plan-
using the 3% rule.

After listening to some podcasts over the weekend I have changed my 3% Rule to a 2% Rule.

Great set up order execution on Oanda under TOOLS then User Preferences, my set up:

Stop Loss: 2% of Acc Bal (= 30pips)
Profit: 150 pips
Trailing Stop: 50 pips

My template to work out the above:
Example:
Balance £100 -98% =
£2.00 Risk capital for trade
£2.00 divide by 30 pips = £0.06 ( no half pence lowest pence )
6p per pip, stop loss 30 pips ( stop loss can be tighter of course but this is my max setting per trade or I can do 3p per pip for 60 pip stop loss etc.)

This is my basic set up

One Click does all this, 2nd click completes order
Faster than SLM, FXCM & CMC

I'm staying awake tonight as I have an Ear operation in the morning, I want to make sure I don't wake up in the op lol......actually not lol so I will be watching the open of the Forex market and trading till I go to Hospital.

When I wake up
"NURSE !"
"yes JD"
"whats the EURO price ?" :clap:

TRADERS ! have a good trading week guys

 

[JDTRADER]

Re: JDTRADER £97 to Financial Freedom

On Oanda until my ££ is transfered I've only got £14.36 nline2lo

So I will only be trading EUR/USD

 

[JDTRADER]

Re: JDTRADER £97 to Financial Freedom

Ok off to Hospital

Gained 26.8 pips this morning

Got one position open
EUR/USD SELL 1.2714 stop 1.2710 TP 1.2566 TS 50
@1.2700

I'm not going to post every trade like last week, but you can see all my trades on myfxbook link below

Good Trading everyone

 

[JDTRADER]

Journal name changed:

JDTRADER - Forex Spreadbetting Journal

 

[JDTRADER]

Recovering from my operation today but still had some trading tonight.

No losing trades today and gained 56.3 pips, got one position open:

EUR/USD SELL 1.2681 stop 1.2679 TP 1.2500 TS 50 pips
@1.2658

Off work for two days so Day Trading heaven lol nline2lo

Off to bed and back on at 6am Tuesday

night guys

 

[JDTRADER]

Tuesday 24th August 2010

Good Morning Traders

 

[JDTRADER]

Just to recap, still have this position open from yesterday:

EUR/USD SELL 1.2681 stop 1.2679 TP 1.2500 TS 50 pips

 

[JDTRADER]

Thought this might be helpful to some:

http://tradingacademy.com/free-resources/Free-Online-Courses.aspx

I'm booked into the workshop in September :smart:

 

[JDTRADER]

A day of I should of closed instead of letting run and protective stops to close.

I should of gained 150 pips today but another lesson learned.

Gained 58 pips today (so far, could be more or less)

Got 3 positions open:
EUR/USD all SELL

1.2689 stop 1.2710 TP 1.2400 TS 75
1.2682 stop 1.2710 TP 1.2599 TS 75
1.2682 stop 1.2710 TP 1.2500 TS 75

 

[JDTRADER]

On reflection not sure where the EUR/USD is going.

We could see a push up further which means I'm in to early or a further drop. Think I have over traded today and not maximised my profit potential so I'll cash out for the night and start fresh in the morning,

Good thing is, I feel its all just nearly coming together.

Gained 77 pips today and that makes 133.3 for the week so far

Back on Wednesday morning at 6am

Time to watch Big Brother lol

 

[JDTRADER]

Wednesday 25th August 2010

Good Morning guys

Trading time EUR/USD

So overnight I could of stayed in but I think if you not sure where your position is going that's no plan so I was better off out. There is always another day

So depending on news this morning we could see a bounce above or to 1.2700+ but the downside still on track. Will look to sell positions today.

 

[JDTRADER]

My second deposit of £7.00 went through fine so that's two deposits that went smoothly bringing the account balance to £23.40.

Last of the big spenders lol just sent another deposit of £22.00 and will top up the account to £100 next week.

Back to work Thursday so no trading Thursday or Friday this week.

 

[JDTRADER]

USD/JPY

Been looking for BUY options on this. I will buy when I see dips, everyone is looking to get in on the bottom.

Some trades say its going further others say buy now, I think 83 or 82 is still on if 80 hits Japan will come in to boost yen I think so I'll scalp BUY hits when they show themselves

 

[JDTRADER]

Eur/usd

Got 3 open positions prior to the German IFO

Got wide stops in as I could see a pop up but downside still on so could be in for the day plus.

Got 2 take profits at 1.2625 and 1.2600 and the 3rd to run.

 

[JDTRADER]

German IFO

BETTER THAN EXPECTED - Thanks !

In for the ride now 4 shorts, so in for the day and maybe Thursday. 13.30hrs next news could bust the Euro down again and I still see below 1.2600 by Friday