My Journey
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Thread: My Journey

  1. #1
    Hello!

    I will explain a bit about myself:
    I have my been trading currencies/futures for about a year now. I have had no choice but to exchange for a living, and have been successful starting with only a 1k capital.

    I exchange completely naked. I use no sort of risk management, apart from employing a 5 pip stop. This journal is mainly to keep me on track. If enough people are interested I will share parts of my trading method. My'edge' enables me to rake in close to 100 pips daily, and I really don't stop trading before my goal is met.

    -

  2. #2
    Yes I'd like to hear more about your trading procedure. Thank you.


    Jeff

  3. #3
    @jshear

    I exchange mainly focusing on areas of S/R. I would not suggest this type of trading for everybody as it'll mess with each emotional bone in your system.

    -

  4. #4
    Am I reading this right?

    5 pip stops, 100 pips each day. I know you stated you don't utilize risk management, but how much do you risk per trade?

    I mean, risking 1% would make you pretty rich pretty fast, even with a tiny starting capital.

  5. #5
    I trade 1 dollar per pip. I keep it easy and very simple at this time.

  6. #6
    Took another transaction.

    Bullish quantity was the main entrance:

    Long @ 1.36093
    Closed @ 1.36293 - TP = 20 pips

    An increase amount of quantity led to the break of the demand zone about an hour and a half later. Will be seeking weakness or strength in the market for another movement.

    -

  7. #7
    Today's Drama:

    Extended @ 1.35666.
    Closed @ 1.36109 - TP = 45 pips

  8. #8
    Caught the euro bull move early in the morning.

    Extended @ 1.3357
    Closed @ 1.36719 - TP = 117.9 Pips.

    Created one trade that hit my SL. There appeared to have only been a lot of selling pressure right now. I received in the trade one more time to take 20 pips.

    Extended @ 36424
    STOPPED @ 1.36375

    Extended @ 36400
    Closed @ 1.36600

    Pips for the afternoon: 132.

  9. #9
    Hallo Benevolent.
    Can you place your own tradeshere prior to making the transactions. If the timing is too tight to provide the causes of the trade before you make themleave the explanations til after the trade was completed.
    But placing your commerce outcomes following the transactions have been done will have folks complaining.

  10. #10
    Hey cyberfx!

    I am not really concerned about other individuals to be honest. This thread is mostly so I can keep myself on track. If people are interested in my trades, they can see where I purchased and where I shut my orders.

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