Hey there,
in this journal I want to continue that famous 5m Phil Nel trading approach - someone remembers it?
I start with a €500 account, let's see where it goes. I usually go for 1.5:1 r/r, so a SL of 8 and a TP of 12. Traded pairs are GBP/USD and EUR/USD. Initial risk is 2% per trade.
Start is today. I won't have time every day and not always will be opportunity but I use stop buy and stop sell orders and will post them on my twitter account before trades are entered: https://twitter.com/krautfx
in this journal I want to continue that famous 5m Phil Nel trading approach - someone remembers it?
I start with a €500 account, let's see where it goes. I usually go for 1.5:1 r/r, so a SL of 8 and a TP of 12. Traded pairs are GBP/USD and EUR/USD. Initial risk is 2% per trade.
Start is today. I won't have time every day and not always will be opportunity but I use stop buy and stop sell orders and will post them on my twitter account before trades are entered: https://twitter.com/krautfx