Hi,
I created this thread some time ago with the objective to keep me honest, post my trades (losses included) in order to reflect back on those at some point to help me improve my trading. However, that has not quite been the case, it has been quite a hectic year, some ups and downs but it has seemed to relatively simmer down now.
I started trading again (ON DEMO) a few months ago, but did not take it too seriously...however I seem to be finding myself going back to Supply and Demand trading every time. This week I took off everything from my charts except the MACD (which I actually don't even look at, because I place POs), I now purely look at price action, supply and demand levels.
It is quite difficult to really pin down my trading strategy due to working full time, however I will make this work, especially from a trade management perspective...I don't want to be too greedy and at the same time also not too conservative...oh and stop loss placement I still find challenging. The objective has and will always be to make this a source of income and possibly make a living out of trading within the next 2 - 5 years.
Until I am completely confident in my trading strategy I will not go back to my live account, and by confident I mean consistency, profitability and long term sustainability. There is a lot of emotions etc. that go with a live account, however if I have confidence in what I do based the 3 things mentioned above I will be fine.
I hope I can post my progress and trades on this journal as frequently as possible, but I will aim to post all my trades taken at the end of every week.
I also use http://www.fxblue.com/users/danefx to help me analyse trades and overall performance, I think it's better than the trade explorer.
Here is a link to subscribing to my trades http://mql5.com/3oh6. I need to fund my live account some how?
Regards,
Dane
I created this thread some time ago with the objective to keep me honest, post my trades (losses included) in order to reflect back on those at some point to help me improve my trading. However, that has not quite been the case, it has been quite a hectic year, some ups and downs but it has seemed to relatively simmer down now.
I started trading again (ON DEMO) a few months ago, but did not take it too seriously...however I seem to be finding myself going back to Supply and Demand trading every time. This week I took off everything from my charts except the MACD (which I actually don't even look at, because I place POs), I now purely look at price action, supply and demand levels.
It is quite difficult to really pin down my trading strategy due to working full time, however I will make this work, especially from a trade management perspective...I don't want to be too greedy and at the same time also not too conservative...oh and stop loss placement I still find challenging. The objective has and will always be to make this a source of income and possibly make a living out of trading within the next 2 - 5 years.
Until I am completely confident in my trading strategy I will not go back to my live account, and by confident I mean consistency, profitability and long term sustainability. There is a lot of emotions etc. that go with a live account, however if I have confidence in what I do based the 3 things mentioned above I will be fine.
I hope I can post my progress and trades on this journal as frequently as possible, but I will aim to post all my trades taken at the end of every week.
I also use http://www.fxblue.com/users/danefx to help me analyse trades and overall performance, I think it's better than the trade explorer.
Here is a link to subscribing to my trades http://mql5.com/3oh6. I need to fund my live account some how?
Regards,
Dane
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