Dropping by to say hello, keep up the discipline and determination in your quest for trading success! Am also exploring a mechanical Asian or London breakout method, but the method is not yet finalized. P.S. Good list of books you've read, i will ...

Billions

Trade 1-Sep, GBPJPY Long 150.08 (SL 149.75), closed 150.19 - scalp trade as the geppy hit resistance at 150.35. Risk 1%, Gain 0.3% Trade 2-Sep, USDCAD Short 1.1083 (SL 1.1105, TP 1.1032), closed 1.1032 Risk 0.5%, Reward 1.16% Entry was first high at ...

TraderT - My Trading Journey

This is a gem of a method that Ace has shared, with results backtested for several years. The results clearly show this method has an edge. Any additional changes should be backtested and results compared to the original method, else there might be ...

4H Box Breakout

Trade 31-Aug, USDCAD Short 1.1080 (SL 1.1096), cover 1.1053 & 1.1042 Risk 1%, Reward 1.9% Reason: 4 Hr chart showed strong resistance around 1.11 Lesson: As partial profit was taken, need to ride profits of the remainder half Interesting ...

TraderT - My Trading Journey

When to stop trading? Here's a guideline penned down. Period : Max Loss ; Target Profit Daily : - 3% ; + 6% Weekly : - 8% ; + 16% Monthly : - 16% ; + 32 Assumption: Risk max 1% per trade, Reward-risk ratio should be min 2:1. Max 3 trades per day. ...

TraderT - My Trading Journey

Thanks mate for the suggestion. Will be following your journal - i've just embarked on mine. Cheers!

4% A Day Forever

Inspiring journal you have to join the 5-10% who profit from the markets. As much as the naysayers will say it is not possible, you have setup yourself a goal, and if you only achieve a fraction of it, it will be a huge success. Concentrate on the ...

4% A Day Forever

Excellent question. One method i am looking at adopting, is to restrict losses to a max - daily, weekly and monthly. Let your winners/profits ride, but put a trailing stop to it. Max Loss Target Profit (2 X max loss) Daily - 3% + 6% Weekly - 8% + ...

When do you stop