Well I would like to start out by explaining what I'm doing on this thread and its reason. I would like to keep track of my trades a little better. Of course I could do this in a spreadsheet or whatever but I tend to get lazy. With this one being online and the possiblity of followers I might be more inclined to stick with it.
I have noticed that most that keep a journal on here tend to disappear after a long stretch of bad trades. I hope not to let this happen as this is what I'm trying to learn from.
I would like to say I have been trading forex for about 4 years. I have not been able to make a profit until the last 4 months. Things changed, along with my attitude and discipline at the game. I still have big doubts in my trading because forex never seems to fail to disappoint me. (This is also something I'm working on)
In my studies of trading the forex market I have noticed that things change in this market for weeks at a time. This can affect the way I trade big time. This is also another reason why I need better record keeping. I am not confident that my winnings for the past 4 months are real just yet. I feel though I have found a better road to take in this game.
I work I full time job as a CNC setup Machinist. Forex is not my number one thing in life. I have been down that road before and glad I broke it.
I am not made of hundreds of thousands so I will be trading my small account on oanda. I will never load thousands until I feel more confident. I am a gambler outside of the markets. I feel If I can waste money in poker or horse racing I can stand to lose a couple of bucks here and there on trading as a confidence booster.
How I trade,
I only trade 4 hour charts.
I trade support and resistance breaks.
I don't give a crap about what others see with s/r . I trade what I want because of the patterns I have picked up on my own.
I tend to use pending orders and a trail stop of 35 pips only for the reason I can't watch the market all day. I have kids and I work full time.
I only tend to get in 1 or 2 trades a week. I try to only focus on one chart for the week. Mainly eurusd but I do switch around from time to time.
Good or bad I will be posting my trades with results and reasons why I think the trade did not work out. For any that do watch this thread I hope this explains my goals and who I am and that I'm really nothing special. Average person with a hobby in this market.
I have noticed that most that keep a journal on here tend to disappear after a long stretch of bad trades. I hope not to let this happen as this is what I'm trying to learn from.
I would like to say I have been trading forex for about 4 years. I have not been able to make a profit until the last 4 months. Things changed, along with my attitude and discipline at the game. I still have big doubts in my trading because forex never seems to fail to disappoint me. (This is also something I'm working on)
In my studies of trading the forex market I have noticed that things change in this market for weeks at a time. This can affect the way I trade big time. This is also another reason why I need better record keeping. I am not confident that my winnings for the past 4 months are real just yet. I feel though I have found a better road to take in this game.
I work I full time job as a CNC setup Machinist. Forex is not my number one thing in life. I have been down that road before and glad I broke it.
I am not made of hundreds of thousands so I will be trading my small account on oanda. I will never load thousands until I feel more confident. I am a gambler outside of the markets. I feel If I can waste money in poker or horse racing I can stand to lose a couple of bucks here and there on trading as a confidence booster.
How I trade,
I only trade 4 hour charts.
I trade support and resistance breaks.
I don't give a crap about what others see with s/r . I trade what I want because of the patterns I have picked up on my own.
I tend to use pending orders and a trail stop of 35 pips only for the reason I can't watch the market all day. I have kids and I work full time.
I only tend to get in 1 or 2 trades a week. I try to only focus on one chart for the week. Mainly eurusd but I do switch around from time to time.
Good or bad I will be posting my trades with results and reasons why I think the trade did not work out. For any that do watch this thread I hope this explains my goals and who I am and that I'm really nothing special. Average person with a hobby in this market.