My 50 pips a day trading journal

Hello great people of FF,i'm starting this journal for the purpose of recording my trades in order to discover some patterns and most importantly is to get the contribution of this honourable community and of course to be accountable.

Hi freddylek,
Good luck bro...

The trading system will not be discussed here extensively but i'll be trading the daily charts and i'll be entering at the begining of the day's candle with regards to the day's fundamentals, trends and key S/R levels. The target will be 50 pips tp:sl

1. SL and TP will be 50 pips.
2. To move my stop to BE when the price moves 25 pips in my favour and to lock 20 pips if it moves to 40 pips.
3. To stop the trade manually before it hits the stop loss if i discovered i was really on the wrong side (this is the hardest part) and never to expand my SL.
4. Whatever the result of a day's trade, i'm done for that day...

Thanks, wishing you a year full of pips...

Looks interesting freddylek, I will also be looking at daily when the markets start up again.

What TF will you use to monitor your trades?

Kolin

I trade the daily charts though i'll use the weeky and monthly for direction... generally i don't like to trade on mondays... especially being the first after the hols..i like to see the direction first. It may be until tuesday that i'll post my first trade here.

My laptop pc just pack-up without any reason, while i'm figuring that out, i'll be using a pocket pc to execute my trades. Although limited in some functions... i can still carry out my trades successfully, but i'll not be able to attach the charts for now.

Currently i have a long position on usd/jpy.
entry: 91.74
TP: 92.24
SL: 91.24
Now with the price at 92. my stop has been moved to the entry price.

hit target...
i'm done for today

i've planned to short usd/cad today but i slept and only woke up when it's already move more than 50 pips.......
Well i'm another trade usd/jpy
entry: 92.39
T/P: 92.89
S/L: 91.89

i've failed to update this journal.... i'm a bit lazy.......
As from now i'll try to update my trades as much as possible

How successful have you been lately ?

last week overall pips is 50...i'm currently on a long position on usd/jpy:
entry: 91.12
Sl: 90.62
Tp: 90.65

i always hav time for serious traders wish you the best.
ps. show your monthly pip gains

I'm still trading the system..and it's been fairly consistent...i hope to continue this trading journal