Hello
The purpose of this journal is to log my own progress over time as I learn and hopefully become a more experienced trader. I think I am slowly getting there
I have mainly been trading based on the daily chart, but have the opportunity to day-trade in the coming time, so I have made a trend following trading system based on 1H charts. This should reduce the stop distance and potentially increase my profit potential while still keeping risk very low. I am conservative and risk averse.
I monitor the following 6 currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, EUR/JPY and USD/CAD.
Here is my starting point (and my goal is to eventually make +5% above benchmark rate (The Riksbank) each month on a consistent basis)
I carry a little draw down from a couple of losses on daily/4H EUR/AUD trades, but it is well within my acceptable limit of -10.00%. This is my uncle point.
August 2015
Starting balance: $500.00
Current balance: $521.95
Realized P&L: $21.95
%P&L: +4.39%
No. trades: 10 | Wins: 7 | Losses: 1 | B/E's: 2 | Win rate: 70.0% | R-multiple avg. of winners: 1.00
Trading efficiency: 80%
I will post my trades as quickly and close to live as I can.
Good trading to all of you.
Stay safe
The purpose of this journal is to log my own progress over time as I learn and hopefully become a more experienced trader. I think I am slowly getting there
I have mainly been trading based on the daily chart, but have the opportunity to day-trade in the coming time, so I have made a trend following trading system based on 1H charts. This should reduce the stop distance and potentially increase my profit potential while still keeping risk very low. I am conservative and risk averse.
I monitor the following 6 currency pairs: EUR/USD, GBP/USD, AUD/USD, USD/JPY, EUR/JPY and USD/CAD.
Here is my starting point (and my goal is to eventually make +5% above benchmark rate (The Riksbank) each month on a consistent basis)
I carry a little draw down from a couple of losses on daily/4H EUR/AUD trades, but it is well within my acceptable limit of -10.00%. This is my uncle point.
August 2015
Starting balance: $500.00
Current balance: $521.95
Realized P&L: $21.95
%P&L: +4.39%
No. trades: 10 | Wins: 7 | Losses: 1 | B/E's: 2 | Win rate: 70.0% | R-multiple avg. of winners: 1.00
Trading efficiency: 80%
I will post my trades as quickly and close to live as I can.
Good trading to all of you.
Stay safe