Steve Trading Journal
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Thread: Steve Trading Journal

  1. #1
    Have been meddling with this monster for the pass one and a half a year using nothing but loss (Have to admit I'm a nerd like I trade without any understanding in fundamental and lost around 1k SGD) but haven't given up yet though.
    Recently after buying and reading up lots of forex related books, I'm back. ^_^
    The reason behind establishing this journal is to let me see how I'm trading with my new found understanding.

  2. #2
    31/03/2008 (Cloudy Weather here in Singapore)
    since I have only started to trade again I'm currently concentrated on monitoring EUR, GBP, USD, JPY and AUD economic reports through forum.com for affirm trend directions. I will not make any entries as of today till I'm more conscious of what is happening in the market.

  3. #3
    01/04/2008 (Regular day)

    Currently compiling economic reports that are less than six months old as I believe anything more than just six months old is not worth looking into. Throughout the procedure my printer ink ran out great. T_T

  4. #4
    My trading system:
    1) I don't use my funds to trade anymore but rather I trade with my interest. (That's right I waited for three months to determine my $2000USD getting an interest of $10USD and that is my current startup funds. LOL)

    2) Trade at $1 per entrance and of cos that'll grow as my profits grow as for now I will stick to this.

    3) Using the popular Support and resistance and around up price (X.XX00) level and trendline as entrance points (acknowledge a bit too much but now I'm more lean towards S/R, trendline and Round up price level)

    4) I decided to use fundamentals to confirm the trend instead of technical analysis as I think that it's too complied and messy for me.

    That is my trading system as for the depart component I guess the egy is to continue moving up my take profit level.

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