Hi all. I've decided to keep a journal of my scalping trades during the days that i trade. The reason i thought it was a good idea to post the journal on here is because it will make me more accountable for my actions/trades. My problem is usually overtrading or taking on some silly trades as well as the good setups i spot. This way, i hope to post a reason along with the trades, so as to make me accountable to myself and to others, so you can all tell me how stupid i am for entering at a particular time, then exiting just as it was gonna come good...as i often do
So yea, ill keep a running pip count at the front. I must mention that im a relatively new trader...about 6 months in...so do expect a alot of negative pips. For the love of god dont follow what im doing lol! I will be trading mainly gbp/usd until further notice. I base my trading around price action only, mainly around little support/resistance areas, and '00 and '50 numbers. Will attach MT4 statement at the end of each week. Will be starting as of today, Monday 2nd March. Ive already completed todays trading, will post the trades/results below.
All trade times are GMT+2, as my broker is in cyprus time. Hence 14:00 is 12:00 in GMT.
All trades are net of spread, ie. they are the prices i actually bought and sold at. My spread on gbp/usd is variable, but floats between 1.5-2.5 at decent liquidity (average around 2). Around 3 at low liquidity times, but i try to avoid those times!
I am trading in 0.1 lots, so will post GBP P+L also.
Pip Count (Rounded to nearest whole pip, as my broker uses decimal pippage)
Pip Total = +22
££ Total = +£13.08
Mon/02/03/09 - +25
Tue/03/03/09 - -3
So yea, ill keep a running pip count at the front. I must mention that im a relatively new trader...about 6 months in...so do expect a alot of negative pips. For the love of god dont follow what im doing lol! I will be trading mainly gbp/usd until further notice. I base my trading around price action only, mainly around little support/resistance areas, and '00 and '50 numbers. Will attach MT4 statement at the end of each week. Will be starting as of today, Monday 2nd March. Ive already completed todays trading, will post the trades/results below.
All trade times are GMT+2, as my broker is in cyprus time. Hence 14:00 is 12:00 in GMT.
All trades are net of spread, ie. they are the prices i actually bought and sold at. My spread on gbp/usd is variable, but floats between 1.5-2.5 at decent liquidity (average around 2). Around 3 at low liquidity times, but i try to avoid those times!
I am trading in 0.1 lots, so will post GBP P+L also.
Pip Count (Rounded to nearest whole pip, as my broker uses decimal pippage)
Pip Total = +22
££ Total = +£13.08
Mon/02/03/09 - +25
Tue/03/03/09 - -3