This journal is intended to record all my fx trading activities. I have been trading quite some time, however never recorded.
I will concentrate on one pair which is the GBPJPY as my favorite pair. I will trade in mixed style intraday and swing trading.
Trading Plan:
1. Refer multi-time frames start from Daily-M1.
2. Check the main trend at Daily and H4 TF.
3. If the price or CS above SMA10 (H4 TF), trend is up and find an opportunity to buy.
4. If the price or CS below SMA10 (H4 TF), trend is down and find an opportunity to sell.
5. Analysis price momentum to identify strong and weakness of the market.
6. Using MACD to identify divergence for potential market reverse.
7. Using BB as well to identify market is trending or sideway.
Money management:
1. Position sizing margin level around 1000% for account leverage 1:500.
Risk management:
1. Risk reward ratio at least 1:2.
2. Cut loss quickly if positions are wrong.
Goal/Target:
1. Gain 100%/month as a base target.
2. To be consistent every month.
Emotion/Psychology:
1. Keep calm and patience.
2. Avoid angry.
3. Accept loss and accept when I am wrong.
4. Remain discipline
Will start to post when the markets open next Monday.
All my detailed activities can be referred to my trade explorer.
I will concentrate on one pair which is the GBPJPY as my favorite pair. I will trade in mixed style intraday and swing trading.
Trading Plan:
1. Refer multi-time frames start from Daily-M1.
2. Check the main trend at Daily and H4 TF.
3. If the price or CS above SMA10 (H4 TF), trend is up and find an opportunity to buy.
4. If the price or CS below SMA10 (H4 TF), trend is down and find an opportunity to sell.
5. Analysis price momentum to identify strong and weakness of the market.
6. Using MACD to identify divergence for potential market reverse.
7. Using BB as well to identify market is trending or sideway.
Money management:
1. Position sizing margin level around 1000% for account leverage 1:500.
Risk management:
1. Risk reward ratio at least 1:2.
2. Cut loss quickly if positions are wrong.
Goal/Target:
1. Gain 100%/month as a base target.
2. To be consistent every month.
Emotion/Psychology:
1. Keep calm and patience.
2. Avoid angry.
3. Accept loss and accept when I am wrong.
4. Remain discipline
Will start to post when the markets open next Monday.
All my detailed activities can be referred to my trade explorer.
onetarmizifx copytrading at octafx
onetarmizifx Return This Month:
-67.2%