I've started this journal to help me stay focused and on track. Ifelt that the pain and've lost money that was real.
I'm going to be trading demo and on 4hr charts only. Trading price action and S/R lelvels.
I'm considering 18 pairs. Haha I know that sounds like a lot. But What I look for is fairly specific along with price action so that it takes me 5 mins max to scan all of them in the close of each 4 hr candle.
I will be risking maximum 2% per trade with complete vulnerability being 6 percent at any given time. My intial profit target is that the close of the first/second 4hr candle after beginning the trade depending on whether the trade is actually profit or not. Then I move the rest to Breakeven and take it off where I see fit. That way my money isn't stuck in one trade.
(plan altered upgrade)
Only considering Majors today
First target 8-16hrs
I've included the account to exchange explorer so anyone can see what I am doing.
Updates: Weekly summaries
Week 1 1.8%
Week two 8.43%