Make Money (Trade Journal)

Hi all.

I've started a new plan I've worked on, demo'd it, traded it with a small live account, moved to a large live account and have reach my first goal on my large live account.

I trade only the EUR/USD on the 1 min time frame, mostly during the NY session.

I am just going to be keeping track of my total pips per day since keeping track of all the trades I make seems abit time consuming to me.

Perhaps I can inspire abit of hope in others & myself and give & recieve any andvice.

So welcome to my trade journal.

Today was an interesting day in the EUR/USD, it seemed to bounce around alot and not really stick to any one direction. Regardless today was profitable.

Day 1: 535 pips

Total: 535 pips

Today the EUR/USD moved quite slow, it made a few pushes downward but nothing significant. All of my trades were for very small profits, but profits none the less.

Day 2: 307pips

Total: 842pips

hi , good work on getting that many pips in 2 days .... i wanted to know a bit more , do you use sl (fixed or dynamic or none)?

could you give a briefe explanation of your trading style or method ?

Thanks for asking the questions, I'll try to answer those questions the best I can.

I do use a SL of sorts... its not a fixed SL that I enter. Instead I use a MA and whenever price reaches near that MA I close all trades. So this acts as both my exit and SL. My MA isn't large so price touches it very often.

Technically price never has to touch the MA which could mean I never leave the trade and since the MA is my SL it would mean that I dont have a SL for that particular trade leaving me at risk of getting my account wiped. Since I do trade one the 1 minute this mean that each candle needs to close lower then the previous either indefinately or enough to wipe out my account. Since I am aware of this risk each trade I make has relatively low risk so I can stay in and ride these longer trends in the 1 minute. Now there could be an instance that price drops forever, but for that to happen each minute price needs to go lower and lower for a very long time with the risk I've chosen.

I hope the answered your question.

i'm really admire that you could scalp so many in 2 days...hope you dont mind to show some of your trades with some chart?
thanks

aosch,

How are you achieving those pip numbers? Could you post a statement if possible or how many trades and lots? Results look great.

Hello All,

EUR/USD seemed quite slow today, I was able to take small profits when I could and nearing the end of the NY session there was a slow downtrend which unfortunately cost me more then I gained today.

As with every trading plan, I don't believe there is a holy grail and this certainingly isn't one either, it wins but it also loses. Best to take the good days with the bad days and keep on your goals of account growth.

Day 3: -150pips

Total: 692pips

Hi Aosch,

What MA are you using?

Regards