I am starting a thread to record my trading for the new year. I will be mainly trading pinbars, doji's or inside bars on timeframe 1H and above if the circumstances are right. I will be risking 3% per trade, aiming for 3R profit. After 2R has been reached I will put my stop to breakeven. Unless it's a trade with the bigger trend, then I will move my stop to be when 1R is reached. I hope to have about 1 to maybe 3 trades a week on average.
The purpose of this journal is to keep me disciplined. I have erred on that side in the past. I am trading a small account with real money.
Let's see where this takes me.
I trade the bigger fx-pairs, indices like SP500, Eurostoxx and Nasdaq100 but also gold and silver. All throught Oanda as this makes me possible to finetune my lotsize. I only trade during London time normally, though I might make some exception later for SP500 or Nasdaq100 where on occasion I trade later in the evening. The idea is that I would be in the trade for about 2 to 3 days and it should reach my profit target by then.
At this moment I am mainly watching: USD/JPY and GBPJPY for possible reversals to the upside. However we would need to make new lows first.
The purpose of this journal is to keep me disciplined. I have erred on that side in the past. I am trading a small account with real money.
Let's see where this takes me.
I trade the bigger fx-pairs, indices like SP500, Eurostoxx and Nasdaq100 but also gold and silver. All throught Oanda as this makes me possible to finetune my lotsize. I only trade during London time normally, though I might make some exception later for SP500 or Nasdaq100 where on occasion I trade later in the evening. The idea is that I would be in the trade for about 2 to 3 days and it should reach my profit target by then.
At this moment I am mainly watching: USD/JPY and GBPJPY for possible reversals to the upside. However we would need to make new lows first.
