I've debated for quite a while whether to start a journal on forex factory. I've decided to try it out and see what happens. My reasons for starting it:
- Accountability. I take some trades that I should not and I need to stop doing that. Maybe if I know I have to post it for the world to see, I'll learn faster.
- To have my trades organized in one place. I'll be taking trades using Price Action applied to RyanMCD and Jankone's strategies. There are a few things I've changed but nothing major. More just incorporating PA.
I don't plan to do a whole lot of conversation here. This will be more to simply show my trade(s), explain why I took it, what happened, etc. Therefore, I would ask you to refrain from posting in this thread. Instead, feel free to pm or email me with any comments or suggestions. Thank you in advance for respecting my wishes on this.
At this point in my trading, I have studied J16's thread and price action in general for over 10 months. I demoed for 3 mos on d/w charts. Then live for 3 mos on d/w. Also 2 mos of 4hr demo, and 1 month of live 4hr. 2months of demo 5min (e/u only) using BB, RSI(6), and PA.
Most of the trades posted here will be based on the strategies outlined in Jankone's thread. http://www.forexfactory.com/showthread.php?t=163972
I will become profitable at trading. I will work at this "as long as it takes." I will use trading to fulfill the vision I have for my life. Trading is a means to an end for me. It is not the end.
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UPDATES
3-26-10. I should note that on the excel documents that I post, the results assume I risk 1R/trade. So when I say 1.6% gain, it actually should be 1.6R gain. I am risking 0.25%/trade at this time.
- Accountability. I take some trades that I should not and I need to stop doing that. Maybe if I know I have to post it for the world to see, I'll learn faster.
- To have my trades organized in one place. I'll be taking trades using Price Action applied to RyanMCD and Jankone's strategies. There are a few things I've changed but nothing major. More just incorporating PA.
I don't plan to do a whole lot of conversation here. This will be more to simply show my trade(s), explain why I took it, what happened, etc. Therefore, I would ask you to refrain from posting in this thread. Instead, feel free to pm or email me with any comments or suggestions. Thank you in advance for respecting my wishes on this.
At this point in my trading, I have studied J16's thread and price action in general for over 10 months. I demoed for 3 mos on d/w charts. Then live for 3 mos on d/w. Also 2 mos of 4hr demo, and 1 month of live 4hr. 2months of demo 5min (e/u only) using BB, RSI(6), and PA.
Most of the trades posted here will be based on the strategies outlined in Jankone's thread. http://www.forexfactory.com/showthread.php?t=163972
I will become profitable at trading. I will work at this "as long as it takes." I will use trading to fulfill the vision I have for my life. Trading is a means to an end for me. It is not the end.
-------------------------------------------------------------------------------------------------
UPDATES
3-26-10. I should note that on the excel documents that I post, the results assume I risk 1R/trade. So when I say 1.6% gain, it actually should be 1.6R gain. I am risking 0.25%/trade at this time.