Real Click Trading Experiment

This Journal is to personally document the result of a trading experiment to see if actually money management on its own could give a system an edge, I want to use this medium to be able to record my trades applying a 3:1 risk to reward ratio for trading EURUSD and more than 3:1 for EURJPY.

I trade 5 mins timeframe with simple trendline break system and sometimes after a loss retest of the trendline.
I am trading on a live account but will not attach an explorer now until I gain enough confidence and I personally want to concentrate on my trade execution and records rather than account performance.

I will risk 1% of my account in every trade aiming for 3% reward, for EURUSD stop loss for any trade I decide to take will be 15 pips and take profit 45 pips, this stop loss will definitely determine if I take some trade setups or not, for EURJPY stop loss is also limited to 15 pips with a take profit of 50 pips, we will move our stop loss to break even somewhere around 20,25 or 30 pips into profit.

Will post charts and record results of trades after.

EURJPY sell

Red line stop loss (-15 pips)
Blue Line Take Profit(50 pips)
Moving stop loss to break even at 30 pips

+30 EURJPY short so stop loss moved to break even, lets see if Take profit will be hit today.

Trade closed at breakeven, I also have come to the realization that my broker has changed its pricing model and now gives low spread but charges a commission, I was charged a commission of 1.60 $ on my first trade of the account, this will make me adjust my stop loss and take profits henceforth, I will enter with a stop loss of 10 pips and take profit of 30 pips.

EURJPY BUY Stop loss 10 pips, take profit 30 pips

EURJPY BUY (update) Stop loss moved to break even +18 pips, Draghi's speach coming up in 25 mins may have to close trade in 20 mins time if take profit not reached or stopped out at breakeven

EURJPY Buy (update) Closed for 10 pips to avoid a Draghi storm with his press conference coming in few minutes

Facing power challenges and distraction from the charts past few days, Chart today shows not a good candle to enter a short in EURJPY.

The candle seems inconclusive for a short EURJPY

Went to drop kids at school and missed a good EURJPY short setup, Always thought about using pending orders instead of market orders, in a EURUSD short at the moment but RR adjusted.

EURUSD Short signal executed, definitely not a perfect break and retest of trend line entry based on my absence from chart to drop my kids. had to adjust RR, Pink Line stop loss, Blue line Take Profit

Few minutes ago, German Unemployment Change quite positive -20K against forecast of -10 k, not a high impact news release but better safe than sorry had to move my stop to break even now @ about +5 pips

(UPDATE) Stopped out at BE -1$ commission

Euro Bulls run crazy immediately after getting stopped out at breakeven in EURUSD Short, Capital Preservation when in doubt is a key to successful forex trading

EURUSD Break of trendline, but looking for a retest.

Looks like a false breakout of the treadline but could as well break again, blue line shows level of interest .

EURUSD not the best pair to trade right now Up Down Up Down

EURUSD : News days big days , not really a fan of news days

EURUSD Long out -2.30 $

Some really hesitant buyers of the EURUSD @4hr chart

Happy New Month, long term trades entered today
First GBPUSD Short