My Live Trade GJ

Hi, this my live trading journal.
I do not have a specific system yet, but I will be using aulonso standard and 15minute , imran sait , and breakout eagle system as my guide line for trading.

I am using fxsol as my broker, initial capital USD300.
Micro account, each pip value USD 0.01
Currently I will only trade GJ. At any time max 4 micro lot.

Monthly Target: Profit USD300.
I lived in Malaysia , so it still consider quite a good extra income for me.

Good Luck To Me

I almost losing my whole account..
Choosing GJ as my main currency for trading wasn't working.
When I started losing money... I panic..
I trade with more lot.. and end up losing out more money..
One thing that I learned from this trading with real money is not the same as virtual money (practice account). The pressure is there..

I decided to changed the currency to UJ to help on the spread.
If I trade GJ the spread is 9 pips, while UJ the spread is 3 pips.
Win some and lose some.But I still losing a lot of money.

Looks like I still haven't fully understand Alonso/Imran system.

Attach my trading since 20th June 2008

At the end I almost losing all of my money..
It force me to trade with only 1 lot . I still stick with UJ.
But this time I change trading strategy..I start scalping...still follow Imran and Alonso trade idea..

After gaining some confident I increase my trading lot back to old strategy ..lost again...
Perhaps I am not good at this... scalping should be the way .. i thought..

I changed back my strategy to scalping UJ..
Even though profit is not much.. and some time I think I exit to early...
but I told myself I can get them at other time...
Few things that I learned so far, that
1) to trade you should be able to control your greed.
2) Do not trade during news release.. It can go otherway around regardless of the result.
3) Always trust your chart..no matter what..

I am slowly regaining my confident and my money back..

Yesterday I forgot to remove my sell order limit 106.80 (UJ) before I log off from my broker..End up my trade got trigger...Unfortunately the trade went the other way around..
Anyway I can't afford to close this trade at the moment..so currently I am waiting UJ to come down..
Finally UJ moved down . I was at minus 70 pip before.. now slowly minus 30 pips..

Another lesson learned.. check your order limit before log out or at the end of your trading day...

Now I decided to only trade UJ..
I might go back to trade GJ once I get enough money in my account and more experience..

System update

1. Bolinger band ( 1 and 5 minutes time frame) for my entry
2. Used 1 hour and 4 hours TF for trend check .
3. Check Daily TF to judge the trend strength.
4. Add CCI and FI to confirm trend strength.
5. Never trade against the trend.
6. Target USD10 for daily profit. Still will not achieved my initial USD300 monthly target, but for time being I am happy with it.
7. Trade with 5 lots or 1 lot. At maximun 6 lot per trading time. Once I have more money I will increase this to maximun 10 lots.

Looks like UJ finally moving down..
There is daily pivot line acting as resistance as well..
Will wait for 1 H to bar to close before deciding to enter the trade..
4H TF also trending down..
Daily trend looks like losing it trend as well
I still have 1 trade accidently opened since last night..

UJ trend change to upside again...
its quite strange ..shouldn't the market go down right now..

UJ please come down..why are you so stubborn...

Holding U/J short and hoping for it to come down will destroy your account IMO. Im looking at this baby taking out monthly highs this week and moving much further.

Forgot to mentioned that I am using FX-Pro Meta Trader as my charting chart since they offer free practice account for free without any time limit..
My fxsol data slight delay compare to FX_Pro Meta Trader data..

hi trading best I agree with you...
my currently opened trade was accidently triggered because I forgot to remove out my sell limit yesterday...
I can't afford to close this just yet..just praying it goes lower
anyway I have a stoploss at 100 pip..

I will wait for 1 hour candle to close.. trend is up..
looks like I am going to lose my accidently opened trade last night...any let it hit my stop loss..

today I only managed to scalp 2 trades with + 3 pips profit..
I am going home now..will wait for NY to open..

good luck

Finally i managed to close my last open trade..with -2 pips loss..

Below are latest update on my live account..

I normally trade from GMT02:00 until GMT10:00, then take a break..
I start again at GMT14:00 until GMT16:00

Looks like in Asia trade today going to be slow moving for UJ ..
No clear trend in 1H,4H and Daily TF..
I am going to play around near Daily Pivot value.. scalp short UJ today

I am going to try with EU..looks like there is an active trade going on..

Short EU at 1.5721

EU 1 hour chart