I plan to use this thread to post all my trades as I go. They are mostly simple trades as I like things simple. I don't use many tools.
The key parts to my trading are:
- Price Action
- Candlesticks
- Moving Averages
- Support and Resistance
I have been trading forex on and off for about 18 months. i've just had a 5-6 month break to clear my head and started up again on 28 January. Since then (as at 3 Feb) I have placed 10 trades with a net win of 228 pips and my account is up 26.4%. It's never quite gone like that for me before so I'm thinking the break has done me good and I am looking forward to developing my trading abilities in 2011.
I should explain that within the 26.4% was a big no-no trade. It was my first trade and at the time I wasn't really thinking of getting back into trading seriously and so, seeing a "no-brainer" short I entered, risking around 18% of my account (not a very big account at this stage)- it won me the first 16% for a great kick start...not again...!
...I do have money management rules and now that I am trading seriously only risk between 2% and 3% on each trade.
That's probably enough about me at the moment. I will now post all 10 trades to date and we'll continue from there. My aim will be to make my charts as appealing, readable and interesting for you as I can. Comments, questions and advice very welcome. Would like to gradually refine and improve the strateg(ies) I use...
Many thanks
Doug