I think it's important to keep a record of your progress when trading but updating excel sheets gets very boring so I'll do it here instead!
I intend to look at the monthly chart for the trend and then enter in that direction only once at the daily close/open (10pm gmt). I use a hard stop of 30 pips and move it to BE after it's up 30+ pips and leave it.
I started a few days ago and so far only entered on USD/CHF:
2 positions alive, 1 closed at BE, 1 full loss.
Position1: 187pips
Position2: 112pips
Realised Loss: 30pips
I intend to look at the monthly chart for the trend and then enter in that direction only once at the daily close/open (10pm gmt). I use a hard stop of 30 pips and move it to BE after it's up 30+ pips and leave it.
I started a few days ago and so far only entered on USD/CHF:
2 positions alive, 1 closed at BE, 1 full loss.
Position1: 187pips
Position2: 112pips
Realised Loss: 30pips