Hi,
This will be my first Online Trading Journal. I will not post trade by trade, but will share sentiments and thoughts about my trades and the FX market.
I have a small, very small, live account where I can trade for 0,01$/pip.
I think that now is a good moment to start to share my results for my live trading (the results before March 2009 were in my LIVE account which I blew up):
10-08 2,4%
11-08 -46,7%
12-08 -37,5% http://forexmoments.com/forums/images/smilies/mad.gif
01-09 -0,7%
02-09 -0,3%
03-09 -0,9%
04-09 -14,8%
05-09 43,8% http://forexmoments.com/forums/image...es/biggrin.gif
06-09 -15,5%
07-09 -8,5%
08-09 -8,6%
09-09 12,2%
My system is very simple. I buy when the price is High and close the position when the price is Higher, and sell when the price is low and close the position when the price is lower. http://forexmoments.com/forums/images/smilies/wink.gif
The truth is that in these last years, since I discovered FX I tried real hard to find te Holy Grail, because I was almost certain that it could be found, and that EAs and Technical Indicators were the right tools to find it. This search only brought me failure (blown out account) and dispair. I made a few months of pause in my trading (demo and live) and started again a few months ago. Since March I got rid of ALL indicators and trade only based in Price Action and SR levels. This method seems to be the right way of trading for me. Now I only need to get more disciplined with my Money Management, because I still brake my own rules sometimes http://forexmoments.com/forums/images/smilies/mad.gif My main goal is to being able to have a maximum risk per trade of 2% and to grow consistently my mini account for at least 10 of 12 consecutive months. If achieve that I will deposit in my Mini account the same value that I earned in that time. And then the process starts again.
If you want you can follow my live account at http://jfonseca.mt4stats.com/
JFonseca
This will be my first Online Trading Journal. I will not post trade by trade, but will share sentiments and thoughts about my trades and the FX market.
I have a small, very small, live account where I can trade for 0,01$/pip.
I think that now is a good moment to start to share my results for my live trading (the results before March 2009 were in my LIVE account which I blew up):
10-08 2,4%
11-08 -46,7%
12-08 -37,5% http://forexmoments.com/forums/images/smilies/mad.gif
01-09 -0,7%
02-09 -0,3%
03-09 -0,9%
04-09 -14,8%
05-09 43,8% http://forexmoments.com/forums/image...es/biggrin.gif
06-09 -15,5%
07-09 -8,5%
08-09 -8,6%
09-09 12,2%
My system is very simple. I buy when the price is High and close the position when the price is Higher, and sell when the price is low and close the position when the price is lower. http://forexmoments.com/forums/images/smilies/wink.gif
The truth is that in these last years, since I discovered FX I tried real hard to find te Holy Grail, because I was almost certain that it could be found, and that EAs and Technical Indicators were the right tools to find it. This search only brought me failure (blown out account) and dispair. I made a few months of pause in my trading (demo and live) and started again a few months ago. Since March I got rid of ALL indicators and trade only based in Price Action and SR levels. This method seems to be the right way of trading for me. Now I only need to get more disciplined with my Money Management, because I still brake my own rules sometimes http://forexmoments.com/forums/images/smilies/mad.gif My main goal is to being able to have a maximum risk per trade of 2% and to grow consistently my mini account for at least 10 of 12 consecutive months. If achieve that I will deposit in my Mini account the same value that I earned in that time. And then the process starts again.
If you want you can follow my live account at http://jfonseca.mt4stats.com/
JFonseca