Ok... i will start my journal with small money after broke several time Just $260 ... I'm not include MM because I risk quite a lot my capital
My trading based on tkimble weekly breakout (see at trading systems thread to learn about this)
Due of lack of funds, I only trade 1 pair : GBP/YEN.
Review about Tkimble weekly breakout (My version) :
- Get open price at monday
- Set buy order at Open price + 50
- Set sell order at Open price - 50
- SL 50 pips and TP 250 pips (Risk : reward = 1 : 5)
- If one order filled, move the other pending order to open price example : open price : 238.00, buy order 238.50, sell order 237.50. Buy order filled then change sell order to 238.00 (Also adjust the SL and TP for sell order)
- Closed position in friday night (around 23.00-24.00 GMT) if still open
My first trade :
Open price : 238.20
Set Buy Order : 238.70 TP : 241.20 SL : 238.20
Set Sell Oder : 237.70 TP : 235.20 SL : 238.20
Buy order filled...
Change Sell order into : 238.20 TP : 235.70 SL: 238.70
Status : +0 pips
My trading based on tkimble weekly breakout (see at trading systems thread to learn about this)
Due of lack of funds, I only trade 1 pair : GBP/YEN.
Review about Tkimble weekly breakout (My version) :
- Get open price at monday
- Set buy order at Open price + 50
- Set sell order at Open price - 50
- SL 50 pips and TP 250 pips (Risk : reward = 1 : 5)
- If one order filled, move the other pending order to open price example : open price : 238.00, buy order 238.50, sell order 237.50. Buy order filled then change sell order to 238.00 (Also adjust the SL and TP for sell order)
- Closed position in friday night (around 23.00-24.00 GMT) if still open
My first trade :
Open price : 238.20
Set Buy Order : 238.70 TP : 241.20 SL : 238.20
Set Sell Oder : 237.70 TP : 235.20 SL : 238.20
Buy order filled...
Change Sell order into : 238.20 TP : 235.70 SL: 238.70
Status : +0 pips