Hey Guys this is my live Journal, I have been trading for just over 2 years.
My Background:
I started trading forex Nov 2007 and went Live on Dec 2007 after 1 month of Demo trading. I quadrippled my account in 3 weeks and i thought trading is very easy.
Well by late february 2008 i have blown the account completly, i funded my account with twice the i initially stake that i started trading with. I thought i have more trading capital it will make help me win...because market always seem to turn as soon as i have exited or been stopped out.
Anyway i blew out the second account even faster than the first one.
I decided that i will not trade real money again until i have demo traded and make money 3months in a row...I demo traded for 2 years and achieved my goal of 3 months of consecutive profit from Oct 2008 - Dec 2008.
However i did not start trading real money immediately because knew there is much more that i needed to learn.
I started trading real money again Nov 5th 2009, after intense reading, trading, testing and reading some more.
I trade mainly on 1hr and use 4hrs and Daily to get the big picture.
I pay attention to market structure and generally trade in direction of the trend in 1hr and 4hrs timeframe.
Goal 2012
Daily: = Follow my game plan
Weekly = Gain 1% / max drawdown 2%
Monthly =Gain 5% / max drawdown 5%
Yearly = Gain 30%/max drawdown 15%
Alright lets begin http://cdn.forexfactory.com/images/icons/icon7.gif
"The Part to market mastery does not lie in leaning new indicator, moving average crossover or techniques, but in really understanding what moves the market that one trades in". Deman Uc.
My Background:
I started trading forex Nov 2007 and went Live on Dec 2007 after 1 month of Demo trading. I quadrippled my account in 3 weeks and i thought trading is very easy.
Well by late february 2008 i have blown the account completly, i funded my account with twice the i initially stake that i started trading with. I thought i have more trading capital it will make help me win...because market always seem to turn as soon as i have exited or been stopped out.
Anyway i blew out the second account even faster than the first one.
I decided that i will not trade real money again until i have demo traded and make money 3months in a row...I demo traded for 2 years and achieved my goal of 3 months of consecutive profit from Oct 2008 - Dec 2008.
However i did not start trading real money immediately because knew there is much more that i needed to learn.
I started trading real money again Nov 5th 2009, after intense reading, trading, testing and reading some more.
I trade mainly on 1hr and use 4hrs and Daily to get the big picture.
I pay attention to market structure and generally trade in direction of the trend in 1hr and 4hrs timeframe.
Goal 2012
Daily: = Follow my game plan
Weekly = Gain 1% / max drawdown 2%
Monthly =Gain 5% / max drawdown 5%
Yearly = Gain 30%/max drawdown 15%
Alright lets begin http://cdn.forexfactory.com/images/icons/icon7.gif
"The Part to market mastery does not lie in leaning new indicator, moving average crossover or techniques, but in really understanding what moves the market that one trades in". Deman Uc.