I am starting a journal to keep track of my trades. I seem to lose focus when I try to do this on paper, so maybe, just maybe this will help. Ohhh yeah unlike my last journal this will actual be for live trades and not just a “new system” I am working out.
To keep it short I will be trading EURUSD and GBPUSD only.
All my signals are based on the 4H timeframe, with the possibility for 2 additional entries into the position for a grand total of no more then 3 per move.
I won’t be giving away my system for the plain fact that I have no recorded track record for it. I have been trading it for a little while now, but needless to say I have blown up my account more then once, primarily because I try and trade GBPJPY. This is due to greed and I lose focus of the long run and try to trade the GBPJPY. So for now I have totally eliminated all pairs except for the two listed above. Hopefully this journal will help keep my mindset fresh and always think of the larger picture and get rid of the “lets try to become rich by Friday” mentality.
If within my journal at some point I do feel as though my strategy is worthy of sharing (being somewhat consistent and profitable) then by all means I will do so. Until then I will try and work out any kinks that should arrive.
To keep it short I will be trading EURUSD and GBPUSD only.
All my signals are based on the 4H timeframe, with the possibility for 2 additional entries into the position for a grand total of no more then 3 per move.
I won’t be giving away my system for the plain fact that I have no recorded track record for it. I have been trading it for a little while now, but needless to say I have blown up my account more then once, primarily because I try and trade GBPJPY. This is due to greed and I lose focus of the long run and try to trade the GBPJPY. So for now I have totally eliminated all pairs except for the two listed above. Hopefully this journal will help keep my mindset fresh and always think of the larger picture and get rid of the “lets try to become rich by Friday” mentality.
If within my journal at some point I do feel as though my strategy is worthy of sharing (being somewhat consistent and profitable) then by all means I will do so. Until then I will try and work out any kinks that should arrive.