RichLadyFX Trading Journal

After some consideration, finally i decided to start my own journal to record my journey in this highly unforgiving territory. Some basic info:

1. I have no particular or favourite pair to trade, trading any pair that I can see the set up.

2. Always buy on dip or sell on high. "Dip" or "High" refer to fibo retracemet level of at least 50%

3. Entry is determined by few factors such as fibo level, breaking of trendline, a couple of MAs, candlestick formation etc.

4. Account balance/equity is only USD 215. Since my broker only allowed me to trade minimum 1 pip = 1 USD, I need to be very careful.

5. This week I'm looking to sell major pair only after it retraces to my fibo level. i.e selling on high.

6. Wish me luck. I really2 need that.

7. Sample of the chart:

Good Luck. I look forward to reading this journal as you progress. Do you have any weekly pip goals or monthly goals?

Jeremy

I wish you lot of success on your trading journey as luck should not be part of a trading strategy also is does help every now and than

Have Fun with it... I enjoy mine..

Rufus

Currently no specific pips goals or monthly goals. Maybe later...

Thanks for dropping by. We should not depend on luck to be successful. But when there is news spike and your are 1 pip from being stopped out and the market suddenly reverse....

thanks, looking forward to it

Looking for a sell entry for major pairs, none detected. Prices have not retraced much to at least 50% fibo level of last week down move.

Sorry for not updating.

I've changed my account to a broker that allows me to trade 1 pips = 10 cent. The balance/equity is now usd 622.16 including a bonus 0f 90 usd. Will post my entry starting this week

Cheers to all...

Glad to hear that. Now you have better control on your risk

Trade safe and looking forward to your updates.

Rufus