Hi FF people,
I have decided to make this journal at FF, in order to keep track of my trades and have some fun also. I hope also this will improve my discipline as following a system disciplined day in and day out can be quite boring and therefore some time leads to decissions, not being part og the plan/system.
I have backtested the 2 systems I am going to trade heavily, and hence I have confidence in them IF I stick to my plan and MM difentions. I have not traded those 2 systems live before, I will use a seperate account for each system. One system is based on GBPJPY and the other is based on gold. As the gold system trades on a 4H TF, this will have far less trades than the GBPJPY system, which trades on 30 min TF.
Accounts:
GBPJPY account (Acc.1)
Equity as of 23. of March 2007 USD 3.200.
Gold Account (Acc.2)
Equity as of 23. of March 2007 USD 3.100.
Total Accout equity as of March 2007 = USD 6.300.
My max risk per trade will be 5%, so If both accounts have
a trade going on, my max. total exposure will be 10%.
Let's see where it will take me, I have a monthly pip goal of 500 which I will be more than happy to achieve on a consistent basis .
All comments are welcome, now let's start waiting for the next entry signal....
See you around,
Pipcruiser
I have decided to make this journal at FF, in order to keep track of my trades and have some fun also. I hope also this will improve my discipline as following a system disciplined day in and day out can be quite boring and therefore some time leads to decissions, not being part og the plan/system.
I have backtested the 2 systems I am going to trade heavily, and hence I have confidence in them IF I stick to my plan and MM difentions. I have not traded those 2 systems live before, I will use a seperate account for each system. One system is based on GBPJPY and the other is based on gold. As the gold system trades on a 4H TF, this will have far less trades than the GBPJPY system, which trades on 30 min TF.
Accounts:
GBPJPY account (Acc.1)
Equity as of 23. of March 2007 USD 3.200.
Gold Account (Acc.2)
Equity as of 23. of March 2007 USD 3.100.
Total Accout equity as of March 2007 = USD 6.300.
My max risk per trade will be 5%, so If both accounts have
a trade going on, my max. total exposure will be 10%.
Let's see where it will take me, I have a monthly pip goal of 500 which I will be more than happy to achieve on a consistent basis .
All comments are welcome, now let's start waiting for the next entry signal....
See you around,
Pipcruiser
Less is more...