Ok, I've made a couple of journals on here before but not had the time/discipline to keep up them. After taking the prop trading job at Florida (said in another thread) individuals have been asking how it is that I exchange. I honestly honestly honestly wish it had been an answer to this question. I exchange a couple of methods (and yes, even if my heart feels . . .even boomerang) all of which I made, but I will say the majority of succeeding from my inventions come out of years of just playing with the market and getting that feel.
I could type out how to exchange such as Rico (my name) Verbatim and it might not come out right for you. I will explain as much as I think I need to....and this journal will only be following the procedure that got me the job at Florida.
There will be live calls, as I will put my transaction on my platform and post as soon as possible afterwards (hey my money comes ). I'll also have a brief explanation of the reason why the transaction was placed.
One thing you will notice with this technique there is not any stop loss, only when the trade gives an exit signal do I depart. . .most of the methods now and days have similar characteristics.
This technique follows the H4 chart of EURJPY, AUDJPY, AUDUSD, GBPUSD, EURUSD, NZDJPY, NZDUSD, and GBPJPY.
I will keep a running total of pips gained. Normally I monitor my account by percentage, but since people use distinct leverage numbers, that may change. I personally am not writing this journal on rules of MM and what leverage I use. Therefore, if you want to see how much you would of made, use the amount of pips recorded here, use it to your leverage, and you may determine your percentage of profit.
I look forward to keep record of the, and also record of my new trading career which commence later this year. Readers are welcome to comment or contact me.
-Nip