Hello Everybody
The goal of this trading journals would be to make 10% yield on a weekly basis, so into the theorical trade plan (look at excell spreadsheet)...I understand it is huge return (if anualised) and likely will not make it. . .and a lot of you are going to think/say I am dumb. . .it is ok for me..but it is my goal this season and I will attempt to make it!!
It is possible to see my account prior to 1st post. . .As you may see, I basically trade eur/usd, since it´s the pair I am most confortable with..my egy for entry is not based on a system as you can see lots of them on FF, but I don´t believe I invented anything..Since I don´t understand what the price will do, I just adhere to the price / fad. . I typically work with Support (S) and Resistance (R) horizontal lines, Trend lines (TL), 100SMA and 200SMA, ADR, and a little bit of Fibo. .Usually I seem at 1W, 1D, 4H and 1H in order to spot the fad, and 1H candles for entry, being this last one the most crucial one for me (for entry and exit stage )...I always trade using a Stop Loss (SL) entered in the same time as my entry order, although not always with a goal profit (TP), since I have to see occasionally what the price is doing at reaching my TP. .
II consider myself a novice trader, like I am trading live for only 1 year. . .on average I am watching charts 10/12 hour per day (combined most of the time with my job. . .so it is not the same as being full dedied to it). . .2012 was profitable ( 60% on an account founded by 1000 euros on average) but made so many errors!!! ...
so that I can attempt to conquer most of them, the very damaging one for me in the moment will be overtrading....Since my egy show me on average 1 trade or less per day, I occasionally can´t wait and trade eur/usd or an other pair (or alloy or SP, EU50 or Dax) and, normally, shed some pips!! And for certain new issue will look on this trip...
Let see what happens this season. .
PS. Sorry for my english, it is my third language, so I am not that fluent....
https://forexintuitive.com/attachmen...1371791596.xls