Ive started this thread to journal my trades. I will post pre-trade analysis, in trade progress and comments as well as post trade analysis.
I will post charts of all these analysis and hope to keep a professional attitude to trading.
Ill post my system in detail here.
This will be my online/offline trading journal.
Hope for some input.....
TRADING SYSTEM
PAIR: GBPUSD
TIMEFRAME: 1 HR AND 4 HR
INDICATORS: 50 SMA
20 SMA
4 EMA
14,3,3 STOCHASTIC
12,26,1 MACD
POSITION SIZING
maximum leverage of 20:1 calculated per trade
MONEY MANAGEMENT
TP@ 60 pips
SL@ 50 SMA+/- 20 pips
ENTRY
4 EMA CROSSING 50 SMA IN TREND REVERSAL AND 4 EMA CROSSING 20 SMA IN TREND CONTINUATION
Direction supported by MACD and Stochastic
EXIT
TP or SL
Reversal signal. 4 EMA crossing 50 SMA
OBJECTIVES
I will post charts of all these analysis and hope to keep a professional attitude to trading.
Ill post my system in detail here.
This will be my online/offline trading journal.
Hope for some input.....
TRADING SYSTEM
PAIR: GBPUSD
TIMEFRAME: 1 HR AND 4 HR
INDICATORS: 50 SMA
20 SMA
4 EMA
14,3,3 STOCHASTIC
12,26,1 MACD
POSITION SIZING
maximum leverage of 20:1 calculated per trade
MONEY MANAGEMENT
TP@ 60 pips
SL@ 50 SMA+/- 20 pips
ENTRY
4 EMA CROSSING 50 SMA IN TREND REVERSAL AND 4 EMA CROSSING 20 SMA IN TREND CONTINUATION
Direction supported by MACD and Stochastic
EXIT
TP or SL
Reversal signal. 4 EMA crossing 50 SMA
OBJECTIVES
- To make an average of 20% per week
- To make an average of 100 pips per week
- To make an average of 100% per month
- To make an average of 400,00% per year for at least ten years
I'm high on trading, cant you tell?
Inverse - Opposite side experiment All Time Return:
-4.2%