Hi guys,
Long long ... LONG, time since i have made a thread.
A little bit about me, I have been trading for 12 or so years before full muscular development. Have been a broker, trader in bonds, company CEO and an investor. Forex has been my life for a very long time.
Recently I started posting again after a long time. I used to be fairly active in the board when I was a wee one but stopped posting when a lot of the old boys club stopped posting.
I was posting in the EUR/USD thread, which provides a daily dose of entertainment and autistic thought (by this I mean that you shuffle between charts that are bullish and bearish and neutral and it spins you in a circle) and Deltaone? I think thats his name, challenged me to put up a live account. Unsure on the reason, it had something to do with me being a bit offended by a knowledge of US index comment, water under the bridge.
I felt a journal would be a good way to present it and perhaps share something with you guys as well as keep me on the straight and narrow as I am using high risk for the account size.
My trading is pretty simple, identify the longer daily flow movement and enter from the short term flow changes. Use pivots or s/r as exits and stop and reverse for losses. I don't use hard stops, i prefer to use a hedge and stop method which takes losses only on a confirmation of flow change whilst hedging so that I am pointed in the other direction. A neutral market will generally mean no trade.
My brokerage settings are what some brokers might consider abusive. I have an IB account for my own trading account which i earn $15 per lot in rebate (spread 2.5 pips for e/u). I take this from a model I traded when I was trading bonds where the "seat" is paid by the rebate and the income is from the equity gain. Since I am not a company, the rebate is my "income" and the equity gain is my "growth". If equity grows so does income. I live in Greece, so the cost of living is pretty low, technically 100 lots a month is a livable wage providing the equity is protected.
Without further a due, I present my journal, an up and down journey of a high risk account trading lot sizes equivalent of the average retail trader. The actual challenge itself started on the 11th of July (approximately, ill have to check deltas post history) where i put 1k into the trading account. This account had previously been used to test various grid EA's that essentially blew out when the market trended.
I will try to make one post per trading day regarding the account as well as some trading ideas.
Cheers and I hope you enjoy the journey.
Long long ... LONG, time since i have made a thread.
A little bit about me, I have been trading for 12 or so years before full muscular development. Have been a broker, trader in bonds, company CEO and an investor. Forex has been my life for a very long time.
Recently I started posting again after a long time. I used to be fairly active in the board when I was a wee one but stopped posting when a lot of the old boys club stopped posting.
I was posting in the EUR/USD thread, which provides a daily dose of entertainment and autistic thought (by this I mean that you shuffle between charts that are bullish and bearish and neutral and it spins you in a circle) and Deltaone? I think thats his name, challenged me to put up a live account. Unsure on the reason, it had something to do with me being a bit offended by a knowledge of US index comment, water under the bridge.
I felt a journal would be a good way to present it and perhaps share something with you guys as well as keep me on the straight and narrow as I am using high risk for the account size.
My trading is pretty simple, identify the longer daily flow movement and enter from the short term flow changes. Use pivots or s/r as exits and stop and reverse for losses. I don't use hard stops, i prefer to use a hedge and stop method which takes losses only on a confirmation of flow change whilst hedging so that I am pointed in the other direction. A neutral market will generally mean no trade.
My brokerage settings are what some brokers might consider abusive. I have an IB account for my own trading account which i earn $15 per lot in rebate (spread 2.5 pips for e/u). I take this from a model I traded when I was trading bonds where the "seat" is paid by the rebate and the income is from the equity gain. Since I am not a company, the rebate is my "income" and the equity gain is my "growth". If equity grows so does income. I live in Greece, so the cost of living is pretty low, technically 100 lots a month is a livable wage providing the equity is protected.
Without further a due, I present my journal, an up and down journey of a high risk account trading lot sizes equivalent of the average retail trader. The actual challenge itself started on the 11th of July (approximately, ill have to check deltas post history) where i put 1k into the trading account. This account had previously been used to test various grid EA's that essentially blew out when the market trended.
I will try to make one post per trading day regarding the account as well as some trading ideas.
Cheers and I hope you enjoy the journey.