Hi,
The purpose of this thread is to launch a 2018 trading account experiment using a fully disclosed trading system with a full audit trail and accessible to anyone interested.
I have of late been posting on FF advice and comments from experience without providing any hard evidence of trading ability to back the words up. I have been trading my own account full-time for a living for the past almost nine years now, with a short-term, intraday methodology on 5 minute charts. I have not posted this to Trade Explorer as my dealing platform does not support it, and it is impractical for me to post trades on the forum in advance given the nature of my trading. I have also for some time had the belief that my intraday principles could reasonably successfully translate to longer timeframes. This experiment attempts to resolve both these questions.
I shall run a real trading account on this thread using daily charts and posting intended entries and exits in advance, to be actioned via standing market orders. This will create a verifiable audit trail and I will provide a brief summary of the current account position (up to the last closed trade) at the end of each post. To keep me motivated I shall commit a £10,000 account to the venture, though position size will be such that maximum risk per trade (yes, all trades will incorporate an inviolate hard stop loss order in the market) is just 1% of the account. I am not looking to make any meaningful money on this experiment, I shall be continuing my mainstream intraday activities in parallel. No additions or withdrawals will be made and the position size will remain at a 1% risk of the account balance at the time of the trade. Hopefully, this will grow with time!
As with my intraday trading, I will be trading just three markets: EUR/USD, AUD/USD, and USD/JPY but using only daily charts here. I am UK based and I intend ordinarily to post only in the evenings UK time, once I have finished my daytrading activities. I shall try to explain clearly the rationale for each trade as well as post-trade analysis so as to become a useful trading journal. The thread doesn't as a necessity require participation from anyone else but I will be happy to take any comment and questions from anyone who might be interested.
PLEASE NOTE: This is an experiment and I cannot give you any confidence as to the likely outcome. I will trade carefully and diligently in accordance with my established methods but I have never before traded forex on anything beyond intraday on a 5 minute chart. It will be a good learning experience, hopefully a successful proof of principle and an enjoyable ride but I really cannot promise you anything at all. It is almost certain that I shall get off to a shaky start as I learn the ropes of the daily chart timeframe but there is no escaping this learning curve.
My next post will start with a brief description of my intended trading strategy.
I shall be looking to start live on 2 January 2018.
Account summary: Balance £10,000 (+0.0%) No. Trades YTD 0
The purpose of this thread is to launch a 2018 trading account experiment using a fully disclosed trading system with a full audit trail and accessible to anyone interested.
I have of late been posting on FF advice and comments from experience without providing any hard evidence of trading ability to back the words up. I have been trading my own account full-time for a living for the past almost nine years now, with a short-term, intraday methodology on 5 minute charts. I have not posted this to Trade Explorer as my dealing platform does not support it, and it is impractical for me to post trades on the forum in advance given the nature of my trading. I have also for some time had the belief that my intraday principles could reasonably successfully translate to longer timeframes. This experiment attempts to resolve both these questions.
I shall run a real trading account on this thread using daily charts and posting intended entries and exits in advance, to be actioned via standing market orders. This will create a verifiable audit trail and I will provide a brief summary of the current account position (up to the last closed trade) at the end of each post. To keep me motivated I shall commit a £10,000 account to the venture, though position size will be such that maximum risk per trade (yes, all trades will incorporate an inviolate hard stop loss order in the market) is just 1% of the account. I am not looking to make any meaningful money on this experiment, I shall be continuing my mainstream intraday activities in parallel. No additions or withdrawals will be made and the position size will remain at a 1% risk of the account balance at the time of the trade. Hopefully, this will grow with time!
As with my intraday trading, I will be trading just three markets: EUR/USD, AUD/USD, and USD/JPY but using only daily charts here. I am UK based and I intend ordinarily to post only in the evenings UK time, once I have finished my daytrading activities. I shall try to explain clearly the rationale for each trade as well as post-trade analysis so as to become a useful trading journal. The thread doesn't as a necessity require participation from anyone else but I will be happy to take any comment and questions from anyone who might be interested.
PLEASE NOTE: This is an experiment and I cannot give you any confidence as to the likely outcome. I will trade carefully and diligently in accordance with my established methods but I have never before traded forex on anything beyond intraday on a 5 minute chart. It will be a good learning experience, hopefully a successful proof of principle and an enjoyable ride but I really cannot promise you anything at all. It is almost certain that I shall get off to a shaky start as I learn the ropes of the daily chart timeframe but there is no escaping this learning curve.
My next post will start with a brief description of my intended trading strategy.
I shall be looking to start live on 2 January 2018.
Account summary: Balance £10,000 (+0.0%) No. Trades YTD 0