Hi everyone.
I have decided to trade the daily charts as opposed to trading the 1H and 4H charts.
Maximum 5 trades will be opened at any one time.
Each trade is only 1% of the account value.
SL will be 100pips usually. Sometimes it maybe more depending on currency pair. If SL is more, I will state it.
Target will be at least 250pips. However I will it the pair run and move SL @ higher levels to protect profit.
The Journal will be updated daily.
The trades taken will be based without any indicators (naked trading)
Hope you guys can give your constructive opinions
Current trades just opened 20mins ago.
1.LONG USD/CHF @ 1.1031
SL @ 1.0931
2.SHORT EUR/USD @ 1.4800
SL @ 1.4900
3.LONG EUR/JPY @ 161.77
SL @ 160.27
4.LONG USD/JPY @ 109.37
SL @ 108.25
5. LONG USD/SGD @ 1.4314
SL @ 1.4214
Thank you.
I have decided to trade the daily charts as opposed to trading the 1H and 4H charts.
Maximum 5 trades will be opened at any one time.
Each trade is only 1% of the account value.
SL will be 100pips usually. Sometimes it maybe more depending on currency pair. If SL is more, I will state it.
Target will be at least 250pips. However I will it the pair run and move SL @ higher levels to protect profit.
The Journal will be updated daily.
The trades taken will be based without any indicators (naked trading)
Hope you guys can give your constructive opinions
Current trades just opened 20mins ago.
1.LONG USD/CHF @ 1.1031
SL @ 1.0931
2.SHORT EUR/USD @ 1.4800
SL @ 1.4900
3.LONG EUR/JPY @ 161.77
SL @ 160.27
4.LONG USD/JPY @ 109.37
SL @ 108.25
5. LONG USD/SGD @ 1.4314
SL @ 1.4214
Thank you.