Full-time student, Part time trader

Hi all traders! Like most of us on this forum, I have embarked on the forex journey. A little bit more about myself, I was introduced to forex by a friend and played with it a little about 3 years ago. Was really busy and I didnt get to explore much more about it. Having been more free recently, I have decided to try again.

The purpose of this thread is for me to track my trades and also to be able to obtain opinion and feedback from fellow traders. I will be honest, I am not good at this yet but I am willing to learn.

I trade whenever I can and monitor as much as I can. I look at 4 hour charts and use 3 different SMAs(5,10,20) respectively. I draw support and resistance lines to give me an understanding of possible market direction.

I stick strictly with my risk management rules which is to never risk more than 2% of my account in any trade. I have read a lot about minimizing losses and letting profits run so, I will be trying them out in my trades.

Will post some charts on the currencies im currently looking at soon. Thanks=)

http://i779.photobucket.com/albums/y...cxf/USDJPY.jpg

http://i779.photobucket.com/albums/y...xf/USDJPY1.jpg

Bought USD/JPY about 2 hours ago. Bought at 78.62, sl at 78.53, tp at 78.77.

Reasons for trade:
1) 5 sma above the two other sma.
2) Chart met support but failed to penetrate.

zzz...got stopped out at 78.53. Was it a bad trade decision? Please advise.=)

Gonna restart this thread. I have changed my trading style and will focus more on swing trading due to school commitments and such. Will soon upload pictures on the charts that I look at. I only trade majors. Currently there isnt much to trade as a swing trader, will get interesting when USD reached supply on the USD index. Foresee good trades coming. Hang in there, Pics will come soon!

BTW, I no longer trade using indicators, its purely price action and Supply and Demand.

This is what the USD index is showing. Price is basing now. If it goes any further up, it will hit supply and that would be a good time to sell the US dollar and buy the aussie, Pound, Euro etc...In the mean time just wait and see haha...

Hi Leonjcfx, good luck on your forex journey. I remember my first forex days while i was in college too. Self-control and money management is half of the success in this game. Good luck.

Hello Leonjcxf, It is good that you've though of giving forex a try as a student. It is one of the best ways to jog your young mind and make some profit. I wish you success in your Forex journey. I hope it is going on well, and that you've picked up a winning strategy for your trade.