Welcome...
Trading Plan
The goal is to make a trending profit.
Scalp trade 5M Forex
Markets: TokyoAsian; Frankfurt/London
Aim for a weekly profit target of 50 pips or account * risk%*5 = $ target
When/if the weekly target is reached cease trading for that week.
% risk per trade: .5% till the end of Jan; 1% through Feb; 1.5% through Mar (subject to trading ability)
March 31-24 Assessment of system.
Uploading of charts: Occasionally, with self-talk as I do in my home journal.
..........................................................................................................
2/4/24 Assessment:
Being prepared to make a fool of myself "in public" has not helped!
Systems used: Ichicmocu cloud, Aims, Blackdog QFX, Cowabunga, Bootcamp, Donchian Channels, Bollinger Bands, PC Signal, ProFx01., Heiken Ashi's., Combination of MA's and trailing stops, etc. ( https://www.youtube.com/playlist?lis...nJnu__pPsv6n2b )
Phew! A possible cure for my addictive switching may be a hypnotist (half serious because it is one of the biggest challenges)
The recent chart collapse: Don't trade next time I get Covid 19!
From now till 30th June:
Aim to stick to one system!! That will be 3 Duck momentum indicator all the same colour for the direction and only trade with the direction of the 200MA. Only one guiding indicator which will be the 50 EMA.
Keep entry orders at 0.02 until trading has some promise. If I can trade the system I will revert to the original aim at the
beginning.
8/4/24 Confession 1: Switched system to MACD System
https://tradingrush.net/i-risked-mac...what-happened/
Trading Plan
The goal is to make a trending profit.
Scalp trade 5M Forex
Markets: TokyoAsian; Frankfurt/London
Aim for a weekly profit target of 50 pips or account * risk%*5 = $ target
When/if the weekly target is reached cease trading for that week.
% risk per trade: .5% till the end of Jan; 1% through Feb; 1.5% through Mar (subject to trading ability)
March 31-24 Assessment of system.
Uploading of charts: Occasionally, with self-talk as I do in my home journal.
..........................................................................................................
2/4/24 Assessment:
Being prepared to make a fool of myself "in public" has not helped!
Systems used: Ichicmocu cloud, Aims, Blackdog QFX, Cowabunga, Bootcamp, Donchian Channels, Bollinger Bands, PC Signal, ProFx01., Heiken Ashi's., Combination of MA's and trailing stops, etc. ( https://www.youtube.com/playlist?lis...nJnu__pPsv6n2b )
Phew! A possible cure for my addictive switching may be a hypnotist (half serious because it is one of the biggest challenges)
The recent chart collapse: Don't trade next time I get Covid 19!
From now till 30th June:
Aim to stick to one system!! That will be 3 Duck momentum indicator all the same colour for the direction and only trade with the direction of the 200MA. Only one guiding indicator which will be the 50 EMA.
Keep entry orders at 0.02 until trading has some promise. If I can trade the system I will revert to the original aim at the
beginning.
8/4/24 Confession 1: Switched system to MACD System
https://tradingrush.net/i-risked-mac...what-happened/
Fall down seven get up eight
Lincoln Return This Week:
-0.3%