______Account Statement______
|| Date || Profit || Balance ||
*Didnt document trades from first week, laptop got smashed. Ended week up $77.
|| August 8 || $150 || $10224 ||
Hello everyone!
I've been a lurker for a while at forex factory and figured it was about time I start posting!
This is my journal which will be updated daily with charts, an account statement and all that fun stuff.
Feel free to ask my any questions about my method or trading in general. Any Criticism and advice are greatly appreciated. Even if its just linking me to a thread I might find helpful.
A little about me:
I am a 19 year old engineering student. I discovered trading just before turning 19 and have been obsessed with it since. I started studying stocks, then options, and now finally forex. I'm taking some time off school to attempt to trade full time for a living. I will not need to live off and trading capital for at least the first year. I am currently demo trading still (have been for past few months), but if things go well this month I will open an account in August. I have spent months studying material on here and I would just like to say thanks to the following members for sharing their knowledge: Merlin, James16 (too poor to afford PF, but thanks for the free stuff), fiji, diallist, habeeb, isotonic, mbqb11, muddbuddha, Sho(trade price), Razor Trader, NoBrainerTrades, Cloggie and many more. Sorry if I forgot you
My trading:
I will be trading EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF, EUR/JPY, AUD/UDS, and NZD/USD. I will primarily be trading off the 15M time frame, but I will also be taking some position trades in a separate account. I will be risking no more than 2% of total account equity ($10000) on each trade. I will be trading mainly off the 15M time frame but will also be taking some position trades from a separate account. I will be trading the New York session.
Goals:
My goal is to end every month in profit, and make around 3% per week. The minimum I need to live is about $150 per week. Preservation of capital is a priority. No revenge trading.
My method:
I will go into more detail here later.
Basically I'm looking for Pin bars or IB breakouts at support and resistance. I will typically take half off at 1R. Simple stuff that has been discussed ad nauseum. Although its not pictured in my charts I do use stochastics for divergence.
1.)Only trade in direction of keltner
2.) Enter off PB or IB
3.) Take 50% profit at 1R
4.) Move stop to be once one bar in profit
My Charts:
I use:
-keltner channel for general trend and minor S/R
-Murray Math levels
-Pivot points
-Support and resistance (white = weekly, red = daily, orange = 4H, yellow = 1H, green = <1H)
- Fibo retracements (color scheme is same as above)
-50 EMA (pink)
-365 EMA (white)
-Basic Volume
- Stochastics (5,3,3,)
- The blue at the bottom shows when the new york session starts
If anybody wants any indicators or templates I use let me know.
I do also keep a bar chart open on a second screen with nothing on it. Just nice clean PA.
|| Date || Profit || Balance ||
*Didnt document trades from first week, laptop got smashed. Ended week up $77.
|| August 8 || $150 || $10224 ||
Hello everyone!
I've been a lurker for a while at forex factory and figured it was about time I start posting!
This is my journal which will be updated daily with charts, an account statement and all that fun stuff.
Feel free to ask my any questions about my method or trading in general. Any Criticism and advice are greatly appreciated. Even if its just linking me to a thread I might find helpful.
A little about me:
I am a 19 year old engineering student. I discovered trading just before turning 19 and have been obsessed with it since. I started studying stocks, then options, and now finally forex. I'm taking some time off school to attempt to trade full time for a living. I will not need to live off and trading capital for at least the first year. I am currently demo trading still (have been for past few months), but if things go well this month I will open an account in August. I have spent months studying material on here and I would just like to say thanks to the following members for sharing their knowledge: Merlin, James16 (too poor to afford PF, but thanks for the free stuff), fiji, diallist, habeeb, isotonic, mbqb11, muddbuddha, Sho(trade price), Razor Trader, NoBrainerTrades, Cloggie and many more. Sorry if I forgot you
My trading:
I will be trading EUR/USD, GBP/USD, USD/CAD, USD/JPY, USD/CHF, EUR/JPY, AUD/UDS, and NZD/USD. I will primarily be trading off the 15M time frame, but I will also be taking some position trades in a separate account. I will be risking no more than 2% of total account equity ($10000) on each trade. I will be trading mainly off the 15M time frame but will also be taking some position trades from a separate account. I will be trading the New York session.
Goals:
My goal is to end every month in profit, and make around 3% per week. The minimum I need to live is about $150 per week. Preservation of capital is a priority. No revenge trading.
My method:
I will go into more detail here later.
Basically I'm looking for Pin bars or IB breakouts at support and resistance. I will typically take half off at 1R. Simple stuff that has been discussed ad nauseum. Although its not pictured in my charts I do use stochastics for divergence.
1.)Only trade in direction of keltner
2.) Enter off PB or IB
3.) Take 50% profit at 1R
4.) Move stop to be once one bar in profit
My Charts:
I use:
-keltner channel for general trend and minor S/R
-Murray Math levels
-Pivot points
-Support and resistance (white = weekly, red = daily, orange = 4H, yellow = 1H, green = <1H)
- Fibo retracements (color scheme is same as above)
-50 EMA (pink)
-365 EMA (white)
-Basic Volume
- Stochastics (5,3,3,)
- The blue at the bottom shows when the new york session starts
If anybody wants any indicators or templates I use let me know.
I do also keep a bar chart open on a second screen with nothing on it. Just nice clean PA.