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I am starting this thread to keep track of my transactions. This egy is very simple and uses the 1 hour to find out the trend. Entries are created off the 5 minute chart after a legitimate retracement is made. Strict money management, several principles and hours of observing the charts should keep me out of trouble.
I simply specify a buy market order, waiting to see if uptrend resumes.
Entry 2/07 14:37 Open 1.35560 Profit two%
Woke up earlier and found that trend had changed. The 1 hour is currently in an uptrend. Will continue to observe.
Canceled buy market order. Market has retraced to date. For today will sit and await more favorable conditions.
Entered buy @23:45, currently down 4 pips using a total risk of 13 pips.
Up 8 pips and trying to breakeven shortly. I like the fact that a downward sloping trendline was broken.
Price at 1.3711 will set to breakeven.
Trade progressing locked in 2% and place take profit to 1.3737.
Taken out of trade, 2% were hit by stoploss.
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