Hello Members,
Starting a new thread about Day Trading & Scalping (This is a self therapeutic & self monitoring journal) , basically sweet point entries, Risking 5-7 pips per trade only. Maximum is 10 pips (rare case)
UPDATE: 17-03-2017
I use my own custom made indicators to spot S/R level with Naked Price action based analysis to spot intraday tops & bottoms.
Instead of Daily Target, I set my mind for monthly target of average 100+ pips. Main job is to maintain trading discipline, follow rules & having a positive mind set. Cause trading is really 90% psychological.
With this system, there is price hard stop of 10 pips & time stop of 30 mins for all unprofitable trades. Trading during major sessions with major pairs only.
In this journal, I will post the balance curve for the day. I find it fascinating. It tells a lot about trader mindset, what he/she is doing for the whole day.
I am not saying it will be successful but it's worth trying. Experts views are most welcome.
Regards
Starting a new thread about Day Trading & Scalping (This is a self therapeutic & self monitoring journal) , basically sweet point entries, Risking 5-7 pips per trade only. Maximum is 10 pips (rare case)
UPDATE: 17-03-2017
I use my own custom made indicators to spot S/R level with Naked Price action based analysis to spot intraday tops & bottoms.
Instead of Daily Target, I set my mind for monthly target of average 100+ pips. Main job is to maintain trading discipline, follow rules & having a positive mind set. Cause trading is really 90% psychological.
With this system, there is price hard stop of 10 pips & time stop of 30 mins for all unprofitable trades. Trading during major sessions with major pairs only.
In this journal, I will post the balance curve for the day. I find it fascinating. It tells a lot about trader mindset, what he/she is doing for the whole day.
I am not saying it will be successful but it's worth trying. Experts views are most welcome.
Regards
Discussion is an exchange of knowledge;argument is an exchange of ignorance