xeNOS live FX journal-all r welcome!

Greetings!

Hi thx for dropping by my live trading journal, i am a financial planner in Malaysia, KL. After been trading demo for a couple of months i decided to head on to the real thing. Before that i traded stocks on my local exchange. The demo was profitable with not much of an emotion and psychology attached on each trade but when it comes to real money these two elements really does matter and i’m yet to get a control over it.

I started live about a month ago, around the early of September 2008. i follow strict money management rules and usually risks 1-2% of my account on each trade.

i'm an eager learner and serious about my trading, i consider myself still a newbie and hope that FF gurus out here would drop some comments on my trades as i'm eager to improve on my trading skills, cheers !

I trade mostly the EUR/USD and GBP/USD.

Trading Strategy: (Updated 22nd November 2008)

1. Multiple time frame
M30 chart:
5 EMA
8 EMA
DEMA DINAPOLI

M5 chart:
30 EMA
8 EMA
5 EMA
Stochastic (8,3,3)

M1 chart:
8 EMA
5 EMA
Stochastic (8,3,3)
OSMA THV

2. Trendlines

I use the M30 chart to look for the main trend and trade in that direction. M5 and M1 is use to pinpoint entry signals based on stochastic


As of 22nd November 2008:
Accounts balance at -5.76%

right after started this journal my account was further drawn down to -5.76%. I guess its due to me not having control over my trading psychology.. well, i paused trading live for a while but still continue to trade on the DEMO for about a month. read some books on psychology and further reinvented my system to suite my trading style.. i guess the earlier system did not suite my style. so that might be the problem here. Had learned alot from the market for the past month...

well, the new system was giving me good results on DEMO and LIVE, so i'm back to make it into the greens once again !

Welcome my fellow Malaysian stock trader (another one switching side ) hehe.

Looking forward for your journal. cheers

It would be great if you can post some chart for Short or Long pin point.
I'm also a newbie and still learning.
doing demo again and again.
....

will post some charts soon .

happy trading !

current account balance stands at -8.9% will try my best to recover it by the end of february.

for the past month been into demo and live ac i can see that my demo is making money wifout any emotions invloved but when in Live ac its an entirely a different ball game.

i had included price action into my trading strategy and i feel that it helps alot.

so far i had dwelled deeper into sharpening my skills and trading psychology, now i trade fixed lot sized and will stick to it untill i'm confident of my trades.

so risking only 0.5% on each trade.

will keep charts up soon