2% weeks

target each week is 2% of total equity. I'll be posting my trades at the end of the day, win or lose, then tally the total at the end of the week.

as for method, i use pivot lines and psych levels, opening/closing a position based on price action around these lines. typical risk per trade is two percent. when i find myself in a losing streak, i scale down my positions. trading from gmt+12.

attached is the beginning balance on the trading account.

i made two trades today, one long which i closed on break-even, and a short position which reached target, intraday low; net +3.68%.

P/L week-to-date: +3.68%

I opened a short on eur/usd by accident, intending to short cable. Closed the short position soon as it turned black--I wasn't watching this pair at the moment.

P/L week-to-date: +4.08%

Wish you all the best in your forex journey. Keep learning and you will keep earning.

It is very possible and I wish you very good luck in your journey......
With regards
kawser

All the best!!!

opened long on cable after price bounced off 200ema confirming pivot level. took profits earlier than planned--had to drive my daughter to a school activity.

% Gain/Loss this week: 6.09%

week ending sept 4, 2009--on target.

opened long on higher swing low with expectation price to re-test recent swing hi. took profits on target, maybe a bit too early, but it's money in the bag. will try to re-enter long when price holds up above these levels.

opened short on gbpusd. price formed swing hi no higher than the last. initial stop set 10pips away, target is day's pivot.

Maybe I should have taken profits off psych level instead of day's pivot? But that's second guessing myself.

second short for the day got me back to almost break-even. I can sleep with that--10pm here in nz. tomorrow is another day.

quick scalp on tokyo open.

opened short on cable seeing price making lower lows/lower highs. took profits earlier than i should have, seeing price reaching day's pivot--i was making dinner, running from the kitchen to the room. it's either i burn the chicken dinner or i close the trade.

How many pips did you earn ???????And where are you from your starting point???????

Nice to see that you are making pips consistently
with regards
kawser

for this last trade, i think it was around 8pips. I don't get your second question--Did you mean starting balance?

thanks for stopping by.

Yes man............I think you are in good position from your starting balance......and how times leverage do you use per trade as your per trade earning is good when compared with your pips gain...........
and wish you best of luck.......
Regards

trailing stop hit -9pips.

LESSON: wait for price action to confirm Resistance before going short--Next time.

second trade on cable, short off psych level, stopped out.