Hi all,
I am starting a new journal. The goal is simple.
50 pips a day.
Now the rule is not to make 50 pips then lose them, it is to maintain a consistent net and if applicable roll - each day that is 50 pips by the end of a 24 hour day.
It does not matter what session, post any time, it does not matter what bias,
it does NOT MATTER HOW THE 50 pips are made and K E P T.
It just matters they are booked profit at the end of the day when your broker takes your P&L.
Now. There will not be any bashing of others or fighting tolerated in this thread.
I am going to try to post my daily setups to achieve this goal.
DON'T FOLLOW ME unless you share my conviction and bias.
I am not you. And- the only one who can grow your account is you.
I can only provide the insight as to what I do and why.
I may have to set the voucher limit for posting at one or two - in order to keep out some of the "one weekers" and "how do I traders" if this becomes a problem. You will all be able to read.
If I do my job correctly 3 days out of the week we will be in profit.
The goal is to do it 5 days a week, thus the limit of 50 pips.
X.
------------------------------------------------------
Today's trades were
LONG AUD/USD
LONG NZD/USD
both netting over 50 pips.
Now, doubling or tripling up on a trade is recommended if you are behind it, thus your 50 pips becomes 150 on a 50 pip move.
Not too shabby.
Best trades of the week I was not in
LONG EUR/USD
SHORT USD/CHF.
The thread will commence Sunday or Monday.
I trade London with orders usually b/c I am in the EST, I like to trade Aussie and Asia for setups for london and I am always around during US / NY session.
I am also long Gold and Silver as positions not day trades. But that is another thread.
SO, I will base this on currencies.
All pairs are welcome. These are my preferred.
AUSSIE, KIWI, SWISSY, CABLE, EURO.
Sometimes Geppy and Chunnel and AUD/NZD if I feel crazy.
I am starting a new journal. The goal is simple.
50 pips a day.
Now the rule is not to make 50 pips then lose them, it is to maintain a consistent net and if applicable roll - each day that is 50 pips by the end of a 24 hour day.
It does not matter what session, post any time, it does not matter what bias,
it does NOT MATTER HOW THE 50 pips are made and K E P T.
It just matters they are booked profit at the end of the day when your broker takes your P&L.
Now. There will not be any bashing of others or fighting tolerated in this thread.
I am going to try to post my daily setups to achieve this goal.
DON'T FOLLOW ME unless you share my conviction and bias.
I am not you. And- the only one who can grow your account is you.
I can only provide the insight as to what I do and why.
I may have to set the voucher limit for posting at one or two - in order to keep out some of the "one weekers" and "how do I traders" if this becomes a problem. You will all be able to read.
If I do my job correctly 3 days out of the week we will be in profit.
The goal is to do it 5 days a week, thus the limit of 50 pips.
X.
------------------------------------------------------
Today's trades were
LONG AUD/USD
LONG NZD/USD
both netting over 50 pips.
Now, doubling or tripling up on a trade is recommended if you are behind it, thus your 50 pips becomes 150 on a 50 pip move.
Not too shabby.
Best trades of the week I was not in
LONG EUR/USD
SHORT USD/CHF.
The thread will commence Sunday or Monday.
I trade London with orders usually b/c I am in the EST, I like to trade Aussie and Asia for setups for london and I am always around during US / NY session.
I am also long Gold and Silver as positions not day trades. But that is another thread.
SO, I will base this on currencies.
All pairs are welcome. These are my preferred.
AUSSIE, KIWI, SWISSY, CABLE, EURO.
Sometimes Geppy and Chunnel and AUD/NZD if I feel crazy.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News