ForexCheetah Live Trade Journal

Platform Traded: TD Ameritrade FX (I choose to trade TDA as it provides a dual platform for Options and FX)
Personal Trading Background: Options/FX trader since 1999
Nickname: Cheetah - my Father gave me this nickname, related to patience.

Posting most current trades for 3 reasons:
1) To demonstrate successful trading in FX is indeed possible with proper risk management. This business is very easy to give up on, or lose hope. My encouragement to all traders is stick with it, manage your risk, trade demo if needed. When mastered, trading is a very rewarding skill - however must be individually learned, and the learning is most certainly painful.
2) To answer any questions. I'm doing today what someone once did for me - selfless mentorship. My schedule is busy with family etc, however I will try to respond as my schedule permits.
3) I plan to post my trades - to allow anyone interested to follow along. Showing is a great way to learn, from my own experience.

**A few notes:
- I trade Options as well. FX is a part of my overall portfolio. Jan to March this year I traded very light in FX, and have since added funds as trends improve.
- Recently I withdrew $12,500 for an annual family vacation. Personally I find joy in rewarding myself with trips paid by trading profit.
- Currently trading $40k in FX and should grow back to $52k prior to the end of Q3 - no expectations, will simply let the math play out.
- Each trade I risk 1 to 1.5% of overall account and aim for 3 to 10% per trade. Occasionally a runaway trade will bless with greater profits.

Good luck ForexCheetah
Thinkswim byTDameritrade is good for trading stocks, however i prefer metatrader for forex.


Looking forward to see your trades.

Low trading volume during June.
Trade entries will typically occur following a day of consolidation.
Always in direction of trend on the weekly chart - 5 yr timeframe.

Entered 2 trades today:

1) Bought 130,000 USD/CAD at 1.22967
2) Sold 130,000 NZD/USD at .6879

***Awaited tight consolidation from day prior and entered with weekly trend on pullback today.

Account cleared $40,000 today.

+120 pips CAD trade, closed today.

Trades closed at a loss:
NZD trade -29 pips
JPY trade -30 pips

Will post statement and charts tomorrow.

Risked 30 pips
Profit 120 pips

Losing Trade
-30 Pips

Losing Trade
-29 Pips

Summary since 6/20/2015 (Thread Start Date)

1.3% Realized Gain $505

Great to see you posting real trades- I see you do not use any indicators, I also do not see any value in them- Do you pay attention to fundamentals or news flow or are you purely a long term trend trader, taking trades overlapping in the direction of the weekly?

Intraday and 1 to 5 Day Swing trades. Always in direction of trend on the Weekly chart.
Low vol trading system. A trade is only taken when the reward is 3x risk.

Over the weekend, I plan to establish an MT4/5 account - with intent to connect trade explorer.
It seems more beneficial to the trading community seeing trades in real time.
Will continue trading $40k account. MT4/5 account minimal $1k to simply display real time analytics.

Trade Explorer now established for greater transparency into real time trades, entries, and structuring.
Also awaiting activation link for myfxbook to setup as well. Will post myfxbook link when it is live.

The master account $40k is traded at 1% to 1.5% risk. The $1k account will be traded at a greater risk per trade, likely 3% to 5% or higher. Interested to see how many years until the $1k catches the $40k. A fun challenge - that I have yet to experience.

For several years, I've been a very private trader. Looking forward to this journey with everyone.

Myfxbook.com link $1k Account:
http://www.myfxbook.com/members/fore...heetah/1298860

CAD/CHF trade moved roughly 60 pips in profit - whereupon SL adjusted to entry price.
Price reversed, to touch original SL level. Break even trade. Direction correct, timing slightly off - as next day price movement went to 3x original risk.

Adding $3k to myfxbook acct - to bring it to an even $4k and 10% of TD acct.

EUR/AUD Long : 2nd attempt this week. 1st attempt resulted in a loss.
Took off half the position this morning, which covered the loss.
Remaining half adding to equity bottom line. Looking to see price attempt to break 1.50

Closed EUR/AUD in profit, PA near 1.49 is reason for closure.
Netting 6.8% today, and 4% WTD after losing trades factored.
$1,000 profit in $40,000 account since thread start of June 20th 2015.

" "

nice job..........................wouldcheck in from time to time...........

Dichotomy:
EUR/AUD sold off following exit.
USD/CAD continued rally, following exit.

Primary objective keeping risk low, reward 2x 3x +
There is no disappointment if a trade continues to rally. The 2x 3x + goal has already been achieved.
This keeps the mind calm and does not leave room for disappointment/regret.

Occasional quick spikes occur in trade direction - providing 3x + profit. I manually exit all trades to benefit from these situations. On the risk side however, hard stop losses always in place.

Purchased half position EUR/NZD

EUR pairs very active this month.