Hi everyone! Thought I'd start a journal here because I think it'll help improve my trading immensely. Plus I hope to hear from some vets on here as this journal progresses
Goal
To consistently win trades, no matter how small.
Time Frame
Longer-term trades appeal to me most. But I've been known to scalp from time to time I typically look at the 4-hour, 8-hour, and daily charts. For shorter-term trades, 5-minute and 15-minute charts float my boat.
Analysis
Technical
Indicators/Oscillators Used
MACD, RSI, EMA, bollinger bands
Pairs Traded
EUR/USD
USD/JPY
GBP/USD
USD/CHF
Anyway...
I deposited a decent sum of money into a micro account ($3,000 to be exact) over a week ago, with a pre-existing balance of $200, making the total account balance $3,200 as of a week or so ago.
Since then, I've placed a few winning trades and a few losing trades. The losing trades, however, have done more damage. I'll start this journal with last night's losing trade...
Goal
To consistently win trades, no matter how small.
Time Frame
Longer-term trades appeal to me most. But I've been known to scalp from time to time I typically look at the 4-hour, 8-hour, and daily charts. For shorter-term trades, 5-minute and 15-minute charts float my boat.
Analysis
Technical
Indicators/Oscillators Used
MACD, RSI, EMA, bollinger bands
Pairs Traded
EUR/USD
USD/JPY
GBP/USD
USD/CHF
Anyway...
I deposited a decent sum of money into a micro account ($3,000 to be exact) over a week ago, with a pre-existing balance of $200, making the total account balance $3,200 as of a week or so ago.
Since then, I've placed a few winning trades and a few losing trades. The losing trades, however, have done more damage. I'll start this journal with last night's losing trade...