I have decided to start this thread for two main reasons: 1) I need a journal that 2) can be read and commented by all of you.
The way I intend to run this thread is posting my live trades (either pending or active) and their adjustments every couple of hours.
As for risk management, 1) I NEVER use more than 2% margin on any trade (although most of my trades use only 1% margin each) and 2) I don't use stop loss. Yes, I know that I take a huge risk but I never lost a trade during the last 4 weeks since I started using this system. If you intend to follow my trades it is probably better to start with a demo account and switch to live trading only after you see consistent results with this.
I don't have a preference about certain pairs; when I see a good trade, I take it. However, I usually watch the following pairs:
- Eur-Usd
- Gbp-Usd
- Aud-Usd
- Nzd-Usd
- Usd-Chf
- Usd-Cad
- Gbp-Jpy
- Gbp-Chf
That being said, let's start.
The way I intend to run this thread is posting my live trades (either pending or active) and their adjustments every couple of hours.
As for risk management, 1) I NEVER use more than 2% margin on any trade (although most of my trades use only 1% margin each) and 2) I don't use stop loss. Yes, I know that I take a huge risk but I never lost a trade during the last 4 weeks since I started using this system. If you intend to follow my trades it is probably better to start with a demo account and switch to live trading only after you see consistent results with this.
I don't have a preference about certain pairs; when I see a good trade, I take it. However, I usually watch the following pairs:
- Eur-Usd
- Gbp-Usd
- Aud-Usd
- Nzd-Usd
- Usd-Chf
- Usd-Cad
- Gbp-Jpy
- Gbp-Chf
That being said, let's start.
Nihil Sine Deo.