Ok, I have made a couple of journals on here before but never had the time/discipline to keep them up. After taking the prop trading job in Florida (mentioned in another thread) people have been asking how it is that I trade. I honestly honestly honestly wish it was an easy answer to this question. I trade a couple of methods (and yes, if my heart feels it...even boomerang) all of which I created, but I can say the bulk of success from my creations come from years of just playing with the market and getting that "feel."
I could type out "how to trade like Rico" (my name) Verbatim and still, it might not come out right for you. I will explain as much as I think I should....and this journal will only be following the method that got me the job in Florida.
There will be live calls, as in I will place my trade on my platform and post as soon as possible afterwards (hey my money comes first). I will also include a brief explanation of why the trade was placed.
One thing you will notice with this method there is no stop loss, only when the trade gives an exit signal do I exit...most of my methods now and days have similar characteristics.
This method follows the H4 chart of EURJPY, AUDJPY, AUDUSD, GBPUSD, EURUSD, NZDJPY, NZDUSD, and GBPJPY.
I will keep a running total of pips gained. Normally I track my account by percentage, but since people use different leverage amounts, that can change. I personally am not writing this journal on rules of MM and what leverage I use. So if you want to see how much you would of made, use the amount of pips recorded here, apply it to your leverage, and you can determine your percentage of profit.
I look forward to keep record of this, and also record of my new trading career which start later this year. Readers are welcome to comment and/or contact me.
-Nip
I could type out "how to trade like Rico" (my name) Verbatim and still, it might not come out right for you. I will explain as much as I think I should....and this journal will only be following the method that got me the job in Florida.
There will be live calls, as in I will place my trade on my platform and post as soon as possible afterwards (hey my money comes first). I will also include a brief explanation of why the trade was placed.
One thing you will notice with this method there is no stop loss, only when the trade gives an exit signal do I exit...most of my methods now and days have similar characteristics.
This method follows the H4 chart of EURJPY, AUDJPY, AUDUSD, GBPUSD, EURUSD, NZDJPY, NZDUSD, and GBPJPY.
I will keep a running total of pips gained. Normally I track my account by percentage, but since people use different leverage amounts, that can change. I personally am not writing this journal on rules of MM and what leverage I use. So if you want to see how much you would of made, use the amount of pips recorded here, apply it to your leverage, and you can determine your percentage of profit.
I look forward to keep record of this, and also record of my new trading career which start later this year. Readers are welcome to comment and/or contact me.
-Nip
Nothing is hard, some things just take more time and discipline.
It sure did
