zulemara's trade journal...A "magical" journey to wealth

Hell Everyone,
I am fairly new here but have been trading since early May. I use a combination of EAs and manual strategies with automation, as well as straight up manual strategies.

I plan to post trades here and then be able to analyze my trades and my philosophies as I go along. This thread is largely for my own benefit to be able to look back and see what I've learned and how I can improve, as well as to maybe help other people and get advice and opinions from others.

Presently, I'm trading Forex Ambush, FT, MD, MD Pro, EURJPY asian breakout, GBPUSD and GBPJPY london breakout, and Dwarf. I also have a subscription to 4xlounge.com, but due to the DD that can occur, I have gone back to demo with them due to my small account balance.

I am part of a trading group that works together and shares ideas to be successful. Any specific settings for bots will not be shared out of respect for the group.

You can follow my live results at http://zulemaralive.mt4live.com


What I'm learning:
I'm working on a combination of things. One is a simple 5 pip breakout strategy. I'm also trying to trade The Rumpled One's never lose again system, and I'm trying a 4h sunday open box strategy as well.

I'm not a big fan of indicators. I like simple strategies and I live by the philosophy that you let the market tell you what it's going to do and you ride the wave. I'm hoping that a combination of EAs and manual strategies will eventually lead me to 35% monthly.

So with that, I will close this initial entry. I will be traveling sunday and Monday, but will do my best to update trades and thoughts as I go along.

ok so hopefully what I said made sense. I was sorta drunk when I wrote that, but as I go along, my own psychological issues and strategies will be posted and continue to develop.

My focus last week was on letting auto be auto. In other words, not getting involved in the trades the EAs or automated systems were doing. I did a pretty good job of that.

This week the focus will be the same on my live account and I will focus on the new breakout strategy, the "never lose again" strategy, and the 4h sunday box strategy.

So we will start the week by placing the dwarf trade on USDCHF on live and the 4h box trade on demo.

Let the games begin!

dwarf USDCHF sell entered at 1.05997 TP 1.05497

EURCHF sell entered at 1.51526 TP at 1.51100

EURJPY breakout sell was opened and closed with about 75 pips profit. Had I let it run, I would have pulled in 150 pips. With such a small account of 870, I tend to play it safe and take what the market gives me.

I'm expecting some good short term trades from 4xlounge as well as a round table trade from them. That will about use up my margin until I deposit more money later in the week.
Happy Trading!
Zule

USDCHF was closed with 40 dollar profit on .4 lots. The entry itself was a close call so I took what I could get, again playing conservative

EURJPY buy order opened today hit 20 pips, moved to BE, and closed. 5 dollar gain. A friend on the same broker didnt hit 20 pips, it retraced, then came back and gained him 30 pips. Funny how that stuff happens.

2 eurchf sell trades are open. No idea when they will hit TP but I will be within MM rules as soon as I deposit more money so no worries there.

Had a couple FT trades tonight, all in profit. Settings are very conservative due to summer market, but will be brought back to normal very soon.

I'm testing the sunday open 4h box strategy on my testing account. We will see how it goes. I hope to take it to full demo next week and live the following week.

I'm also testing a EURUSD breakout strategy.

I'm going to sleep now. I expect trades on gbpusd and gbpjpy on London open.

Plan for tomorrow will be fairly hands off. I just got home from vacation so I need to catch up on things. Wednesday I will be testing 5M breakout strategy and 1h TRO strategy during US session.

Accomplishment of the day: I was tempted to close EURJPY when it was negative, especially since I raised my lot size. I didn't do so and convinced myself to let it ride. That was a big step for me. Hopefully I can continue with that.

ok I didn't quite get an update in last night(not that anyone is actually reading this) but this is largely for my own benefit anyway. I hope I can help others along the way though.

Ok so yesterday was another good day. I had a couple FT trades and my first day trading with a larger lot size on eurjpy paid off.

My london breakout gbpusd hit yet another stop loss so I am done with that strategy. I am keeping gbpjpy london breakout going but that's it.

For today, more relatively positive news. I had a couple FT trades. I have been playing with a larger TP on demo and it seems to be doing ok so I think next week I will increase my TP on EURCHF. Paying .80 for comission and -4.28 in swap, I actually lost money even though the trade hit TP on my live account.

I closed the FA trade I had open in order to free up margin for my open eurjpy breakout trade. The breakout trade wasn't going my way, but it just went back up enough for me to justify manually closing. Better to take 16 dollars profit than 400 dollar loss lol. Ok so I didn't stay out of it, but that's because I'm really not sure which way the market will go at London open and I don't wanna be on the wrong end.

I've been sick so I couldn't work on my breakout strategy. I'm gonna try again tomorrow, although it's already 1:30am and I'm still up.

market is very slow today in anticipation of NFP tomorrow. I had one FT trade and turned it off. I will not be trading eurjpy either.

I have installed TRO's drain the bank system. I will be working on learning that next week.

Sunday night I will place dwarf and the other 4h strategy I'm working on learning. I'm not sure about place eurjpy sun night and monday. We'll see how things are and I'll make a decision on Sunday.

I will keep everything going on demo just for the purpose of knowing if I made a good decision or not.

Still sick. I think it's allergies. Hopefully it'll clear up so next week I can focus.

Can you share your system, please?