Men'in Tights (Live Show)

After studying, demoing and reading so many books, Finally, I decided to start trading in live account..
I'm a fans of price action, round numbers, support & resistance and Hector system. So, a lot of my trade will be based on that system. Ow yeah, I also use fundamental for the big picture, though I always use technical as a based of my trade. So sometimes this journal will be filled on my view of the Fundies.
This journal is a way for me to record my trading and hopefully will help me to become a better trader. Sometimes I'm gonna write about something else though, not only about trading.
Anyway, I decided to start my account with $ 2500, micro account (off-course), risking only 1-2 % every trade with 6% target every month.. IMO, $2500 is reasonable amount for someone who serious about trading. Its not too small that will make u reckless with your money nor does its too big to make u bankrupt..
I started learning about financial market about a year ago. At that time, I thought market was only about stock market. Turns out it filled with so many instruments like Forex, Bonds, Index, Option, Mutual funds etc.. feeling very overwhelmed, I decided to learn it one by one, starting with forex. To be honest, after Reading about 40 books, I think I fell in love with the markets.
To sum up, this will be start of my journey in financial market, and I hope someday I could trade another market as well, not just forex.
Anyway, I will try update this journal regularly.

I had to pop in when I sore that Title, lol.

Nice time to start a journal!

Good luck and Ill be one of your readers I think.

Leon

Hahah.. Thank you Leon.. to be frank, I'm not really sure I want anyone to read my journal though.. I might gonna embarrass myself with my silly writing .

I did what you are doing now about 2 1/2 years ago. I went live with a similar amount of money, trippled, and then went bust. Untill you can double a demo account over a period of hundreds of trades I dont think you have proven that its time to go live.

But, from reading your first post, It seems you are much better prepaired to trade live than I was. Not nesseserily ready yet though.

Have a think about it though.

Once I go live, I wont be advising anyone to demo, lol.

Leon

Hahah.. Thank's man, I will keep that in mind.. I would be very careful with my money..
First year goal is to trade well, not busting my account and hopefully make extra bucks
I'm not saying I've proven myself on demo yet, but, I made myself a rule, if I lose more than 5 % of my account, I would stop trading and go back demoing for awhile..
Yeah, couldn't agree more, I haven't made any trade yet; already have felt the difference..

Thanks for the advice

Hmm.. First trading day of d year, Euro and Swissy still acting like maniac.. Move 400 point in a day.. Decided to stay on the side.. let's see how it goes for the rest of the week..

First live trades, Start with a loss.. Turns out Resistance not strong enough.. Oh well.. -53 pip

2nd trade: Pinbar, Shooting star or a bar with a long tail, always proves to be reliable.. Currently sitting for 190-ish Pip.. guarantee loss of 63 pip..
Lets see how this one's play out

ADP Non-farm Employment change came worst than expected -693k, will it be the portray of the next non-farm payroll..?
The ADP jobs report has the potential to come closer than any other indicator in effectively to predict The Non-farm payroll that comes at 1st Friday every month.. The difference between ADP & Non-farm payroll is that its monthly employment estimates are based not on survey but on a sampling of real payroll data collected from around the country.. It is computed by taking a sample payroll of about 350.000 private, non-farm companies that covers some 20 million workers. These figures do not include government hiring for the reason that to assess the economy's health, the focus should be on what's occurring in private sector..
Market Impact to Dollar,
Much of the focus will rest on what impact the report's estimates will have on US interest rate. When monthly non-farm, private payrolls increases by an average of 150.000 or more, it could lead to a firming of US interest rates and thus making dollar-denominated assets a more attractive investment.. (I Guess we don't need to bother if it will increase for quite some time now)

Ayayayay.. Turns out I was one day too early on JPY.. The area of Dinamic Resistance are having an effect after all.. Oh well, enough for today, I think I'm gonna crashed..

Ow.. CRAP, CRAP, CRAP.. I was planning to trail my stop but accidentally closed my position on Swissy.. planning to placed my buy stop order at 1.1133 but accidentally mistyped it at 1.0133, it got CLOSED..

Man, I'm really Pissed Off at my own stupidity

2nd trade closed for +223 pip

Hhhh.. What's done is done.. No use thinking about it now, enough trading for the week, I think, tomorrow is the big NFP day..

Hah.. my stupidity turns out to be a blessing after all.. If I had not made that mistakes, I would've lost most of my profit because of the NFP

3rd Trade AUDUSD = Loss 54 Pip

4th Trade EURGBP = Price forming Bullish Rectangle, Right at the Dynamic
area of Support, Breakout Trading
Currently sitting at 80-ish pip, guarantee loss 54 pip..
Let's see how this one's plays out..

4th trade close at BE..

5th Trade Short USDCAD = Loss -86 pip
Market Changes direction at 1.2100.. Man, although I still risked only 1%, its still hurt

6th Trades.. Last Trades of the week..
USD/CAD = Long 1.2350
Price made a break-out of the resistance, resistance now became support, Price test the support, Limit order got hit..
Currently sitting at 163 pip..

Ahhh.. What a Lovely Friday ^^ so many nice things happened today.. I got a call for a test from a firm that I had applied before, had a reunion with my friend, and this one makes me soo happy, got home, check the market, and seeing my trade goes according to plan (really, really pleasant feeling)

7th Live Trades:
EURGBP, Long 0.9050
Price forming Pin Bar, Double Bottom at Dynamic area of Support.. May this one goes far to 0.9800
Guaranteed loss of 63 pip

8th Lives Trades..

EurUsd : Short 1.2985

Price broke Strong Support, Now become resistance, Limit order got hit..

Eights live trade
EurUsd : Short 1.2985
Result : Loss 53 pip