Live Micro Journal

I've done a demo journal for a week or so using around 1% risk per trade or less, which I liked. Wanted to try a small real account. I deposited on FXCM only to realize they only do micro lots (0.10 per pip, 400:1 leverage!!!). $50.00 in there now so don't have much choice but will look at another broker if this eventually goes sour.

I can obviously see that this is underfunded so not expecting anything special. Due to margin etc I'll be doing one trade at a time aiming for 10-100 pips per trade.

Started with a AUD/USD long for a short trade. Set limit but stop auto filled? By the time I confirmed order it closed out. Great Start!

Managed to get a AUD/USD trade back in trailing starting at +3 trailing stop about 10 pip gap as its been +10-15 so far...will be looking for 30-40 pip moves from now on but trying to keep the trades small.

EDIT got to +16, closed at 7.3+

I've done a few trades since. Looking at my account with such high pip value I set the stops to tight rather then looking at S/L I'll just trade as I would if I had a bigger account and assume that this will not last too long!!!

Obviously not really taking into account much MM as I didn't realize FXCM did not do nano lots

$45.47 balance
AUD/USD open 6+ at the moment with BE SL.

Opened GBP/USD @ 6071
SL just below a good R point at 6050
TP @ 6099

Reduced TP on G/U to 6093 and hit TP for 23 pips.

Have the A/U trade open but trailing a tight SL so will re-evaluate and see if its worth changing.

edit closed out for 5+ pips after getting 4 pips within my 24 pip target

Closing balance $48.15.

Scalp G/U

sell @ 6113
TP@ 6102
SL @ 6124

Hit TP 12.4 pips

$49.39

Long @ 6086
SL @ 6075
TP @ 6099

Hit SL will wait for better entry

48.15

One more scalp then wait for a bigger trade:

6065 long
6094 TP
6048 FL

HIT SL

$46.18

R1 6137
S1 5050-55

Lot's of trades within that but looking at a close above or below these points and a trend line break for a big move.

GBP/USD

Long @ 6039 (obviously it went -15 pips within the space of 5 seconds of opening)
SL just below major support 5075
TP @ 6115

Opened a second position with TP at 6060 and 6115.

Would have lined me up for around 140pips and would have quite easily hit.

Oh well can't complain, a few impulse trades lost me some eventually reset stop to 6044 and 6056 and cashed 54.7 pips

$50.04

LOng @ 6131
Target 6159
SL 6107

Long @ 6133 & 6140
Going for R2 on H1 80 & 89
Will add one more position to try and catch three exits.
I've realized with .10 pip value this will go either way pretty quick so mayswell just trade what I see and hope for the best
Around -25 at the moment. Had a few trades that just missed TP and then went to hit SL breaking me to $44! Not good!

Annoying been +25 3-4 times now but can't break through, will probably close them if it spikes again and wait for a drop to re-enter (of course, this will be the time the bulls kick in and I miss out)

Closed out as it's just ranging and looking a bit suspect so will see how it goes over the next 2-3 hours. Knowing my luck it will spike to 6189 now.

Opened a couple more which hit TP

Balance $47.72

Short @ 6168
Target @ 6140
SL @ 6189 STOPPED OUT

Short @ 6170
Target @ 6125
SL @ 6201 Stopped out

Should have gone with my hunch on the H1 and not this one!!! Should have stuck to my original trades yesterday that I was looking for 3 seperate TP from 6150-6200 instead of 200+ I'll be 100 ish down!

Added at 6185 SL 6222

Basically nothing happens all day the minute I trade the market goes crazy and I get stopped out on the lot so balance it smashed to pieces at around 37$ now...nice. Need to stop reading threads and outlook sites that sway my decisions.

Had two long GU one closed out - 32 should have widened the stop as the other went for +48 pips so balance at 38.33

Going to try and trade the range short term.

On a sell you can see my trade on the chart. May add a position if we get into the 80's with a tighter stop.