gndy's Journal to financial freedom

Hello All ,

i am newbie with 1 yr experience , blew an account before revenging losses.

I trade listening to electronic music (tech-house , minimal and triphop)

I am 25 yrs old , studied electrical engineering and now working in the financial sector in a brokerage firm (Egyptian stock market).

My motives for trading came as i wanted to start music production though i didnt want to stick to managers' orders.

Currently controlling a 2.3k $ account with Dukascopy

--> i am working developing my own strategy from inspiration of great
Threads i have been surfing lately and thanks for the people started it and their contribution to the forex committee :

1)http://www.forexfactory.com/showthread.php?t=76741
2)http://www.forexfactory.com/showthread.php?t=163972
3)http://www.forexfactory.com/showthread.php?t=172963

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the journal wont be active enough till the full system v1 is developed , will be using 5-15min TF , trading mainly E/U G/U E/J . increasing TF is per account size and targets , i am working right now on some high probability studies .

i hate indicators , so i wont be using lots of them (1-2 max), i am trading price action , S&R , using MA for easing trend visualization and as S&R levels for TP and SL and entry.

i will post my strategy V1 results soon , will start applying it from next week , will only post results , after consecutive success i will be posting the strategy.

GL all ,

here is a nice tool

http://www.forexfactory.com/showthread.php?t=60849

short EU @ 1.2816 , TP @1.2766 , lets wait and see , SL will move to BE once stable under 1.28

closed at TP , +50 pips , done for the day

Short EU @ 1.2676 , TP @ 1.2605 (round number +5 pips)

added double previous lots @ 1.2750 , TP depends on down momentum

BE with yesterdays profits , although i shouldve waited for 1.27 target , which i guess is on its way

BUT i went into a bad hedging process which led to increasing lot size on the short side, couldnt risk no more .

anyway today is done for me , will start my trading setup once tokyo opens.

will try to take advantage of the news coming out tomorrow

a new day started , AUDJPY long , TP done early unfortunately +11 pips , which made my daily account % , will be looking for today breakouts based on my EMAs

Long EU @ 1.2807 , TP +9 pips added,

Long EU half position @1.2817 , SL 10 pips, letting it run the swing

position # 2 stopped , net profits BE @ pips , +2.5$ value

another week , here we go ,

starting to apply strat to 4h chart due to work issues with smaller TFs ,

yesterday : -mistake in position opening due to candle formation time delay , which made me open the position 1hr early-

Long EUR/CHF @ 1.3230 SL: 1.309

Short EUR/GBP @ 0.8380 SL: 0.8412

** currently SL is intact and might be hit so soon

Long EUR/CHF is in profit , no TP target determined yet ,

SHORT EUR/GBP hedged with a floating -30pips , will close long soon and add to short at signal

Both closed at SL , down 2%

another week to go