Let's make some money...

Xaron, So your current leverage is around 25:1? Isn't it a little too high for non scalping approach?

Tell me, is it?

It's a real low size account and no risk no fun. But actually you're right. I often play higher risks with low amount accounts.

Next week I will introduce some pure technical strategies and test them here, this might be of more use for you all because it's not so "discretionary".

Current state: I'm up very well, in that case leverage can push an account real fast. And we haven't even reached my target in the USD/JPY of 95 yet.

http://www.xaron.net/dl/fx/2010/mi/account_070310.png

ha3 i like your word no risk no fund, but actually i already taste a risk that end with bankrupt, so i suggest to use a smaller margin per transaction. he3 just a suggestion, but anyway have a nice trading xaron, i will absolutely following your journal every day to enrich my perspective.

Yes you're right, yeri. Will lower my leverage again, for now I'm fine with it as I'm in the money.

I just added a long EUR/AUD with a stop at 1.4910 and a fresh AUD/NZD short at 1.30.

ha3, go xaron, where is your fans from oanda. i believe many people waiting for your thread and your trading journey.
btw you trade so many pair, how can you keep up the analysis and the fundamental news for the pair that you trade?

So how is it going? The Euro had a nice run and sits exactly at its daily trendline top. I don't think it will stop here and will play a bounce to 1.40 at least.

I've added an EUR/JPY because it looks like a double top and might take some time to breath. Same is true for USD/CAD. The EUR/GBP long is a long term play because the pound will get into more trouble because of their debts situation without the backing of the EU.

http://www.xaron.net/dl/fx/2010/mi/account_150310.png