Face' Daytrading Corner

asd

Lets start the journal

1. Day,
Monday - 05 April 2010

2. Day,
Tuesday - 06 April 2010

3. Day,
Wednesday - 07 April 2010

4. Day,
Thursday - 08 April 2010

Just a few words to my trading style ...
I'm more of a scalper so i take small profits but also small losses if the market goes in the other direction, because its easier for me psychologically to enter and leave the market as fast as possible.

Just for the record if someone wants to know, i dont use any indicator, i used to use many indis but i realized for myself they dont work and that the simple feeling for the market is the best indicator. So lets see where this feeling will take this journal/journey.

I will try to post the report at the end of the day, i dont care if a day is plus or minus for me its important that at the end of the month i'm in good profits.

Thanks for reading this.

Face'

Here just a little explanation how to read the report:

I also updated this picture into the first post, because many people dont know this.

5. Day,
Friday - 09 April 2010

Have a nice weekend

6. Day,
Monday - 12 April 2010

Just wanted to say, this is all on a Real Account , not Demo-Trading.
But today was a very lame day, weird movement ... lets see what tomorrow brings.
I'm always glad when no loss occurs, when you dont lose you only can win.

Congratulations, looks like your off to a good start. What method/system are you using, maybe post some charts?

7. Day,
Tuesday - 13 April 2010

It should have been more but tomorrow is a day too

Hi, Thanks for your post and for reading the journal.

Actually its pretty simple trading. Stoploss max. 8-10 Pips and Limit of at least 4-5 Pips or more (its up to the situation), if the market goes against you lets say -7 Pip close the position on 0 or small win, its up to your feeling. Use the 1 and 5 Minute Chart to feel the "pulse" of the market, dont work crazy markets which are moving to fast because your stop wont survive in such markets.
Work support and resistance levels, they give you higher probability of winning.

The picture is only an example of what i mean, no indis only resistance support and market pulse ... or you might call it price action.

And dont stay too long in the market ... try to keep it fast, if the position takes too long to give you profits, and you get a nasty feeling ... close it.

Its hard to explain simply use your feeling its the best indi, i believe...

Try it and take 50 positions and then look i believe you will be in profits. Dont stop if 2-3 positions hit the stop keep going on and then make the bill.

Sorry for my weak english and good luck.

Nice, I like your simple approach. I have another method I am working on that is somewhat similar, where I only grab 5-10 pips profit at swing high/lows towards the end of the U.S. markets on the EURO. I look forward to tracking your progress.

Good luck!