This is my journal of GBP NZD pair only.
I will be writing down every trade taken with the reason.
My plan is to trade only with 0.02 lot for first ten trades as I am starting with just $110. After having taken ten trades I will consider the profit or loss percentage. From there I will decided on whether to increase the lot for the next ten trades or keep the same.
So far I have already taken 4 trades and I am at a total loss of $-3.33.
I am currently on my fifth trade and I have taken it for the below reasons
1. There was a large bearish candle in 4H from daily resistance so I am looking to sell.
2. There was a doji from which price moved down
3. Finally the 4H trendline was broken in 1H
I will close this trade if the current 4H candle closes above the red trendline.
I will be writing down every trade taken with the reason.
My plan is to trade only with 0.02 lot for first ten trades as I am starting with just $110. After having taken ten trades I will consider the profit or loss percentage. From there I will decided on whether to increase the lot for the next ten trades or keep the same.
So far I have already taken 4 trades and I am at a total loss of $-3.33.
I am currently on my fifth trade and I have taken it for the below reasons
1. There was a large bearish candle in 4H from daily resistance so I am looking to sell.
2. There was a doji from which price moved down
3. Finally the 4H trendline was broken in 1H
I will close this trade if the current 4H candle closes above the red trendline.