Hi,
Most of you dont know me here as i was not an active member due to time constraints. I now have enough time to interact with members here and learn from the pros.
Some about me:
My name is Jaree and i live in Houston, Texas been trading forex for almost a year on live account and have blown 3 accounts so far. I have been breaking even for past couple of months. I am creating this journal in hope that it will help me take trading more seriously as i have a problem with jumping in market without a real reason and not following my own rules.
My system:
Its nothing complicated, just using Fib and two EMAs. I am not planning to share it since i have not been very profitable using this system yet but if the profits are consistent for atleast 3 months i will share the system with the community.
I only trade EUR/JPY at the moment on daily charts. Entry is at the start of the candle and most of the time its in form of pending order.
My balance of live account is $1000 and its for testing this new system only. I am trading min lots and taking a risk of 4% i know its not good but if system works and if i follow the rules it shouldnt be a problem.
Goal:
100% a month return. You think impossible? "I could care less about what you think"
Risk Reward:
Generally its 1:3.
If i lose the account i will redefine the rules and goals but for right now this is what i am doing.
Most of you dont know me here as i was not an active member due to time constraints. I now have enough time to interact with members here and learn from the pros.
Some about me:
My name is Jaree and i live in Houston, Texas been trading forex for almost a year on live account and have blown 3 accounts so far. I have been breaking even for past couple of months. I am creating this journal in hope that it will help me take trading more seriously as i have a problem with jumping in market without a real reason and not following my own rules.
My system:
Its nothing complicated, just using Fib and two EMAs. I am not planning to share it since i have not been very profitable using this system yet but if the profits are consistent for atleast 3 months i will share the system with the community.
I only trade EUR/JPY at the moment on daily charts. Entry is at the start of the candle and most of the time its in form of pending order.
My balance of live account is $1000 and its for testing this new system only. I am trading min lots and taking a risk of 4% i know its not good but if system works and if i follow the rules it shouldnt be a problem.
Goal:
100% a month return. You think impossible? "I could care less about what you think"
Risk Reward:
Generally its 1:3.
If i lose the account i will redefine the rules and goals but for right now this is what i am doing.
