Search results

pending BUY 104K LMT 2937, STOP 22, TARGET 82

3Oct P/L: 414$

target hit

97-02 was a resistance zone, when broken decisively the trade lost validity

BUY 130K 2894, STOP 2886, TARGET 2934

stopped out

BUY 148K 28949 STOP 28889 TARGET 29069

P/L : -111$ on one trade stopped out

By observing the market, developing the ideas, backtesting and forward testing manually.

I think consistency is possible, otherwise any trading exercise would be pointless :) I try to follow the rules and the profit is the result of a well executed plan. Of course the plan might be altered when market changes his behaviour. Any change to the plan should be backed by a large...

Thanks for the comments danielc1. Thinking long term and not being affected by the outcome of the current trade is really tough for me. This is something I definitely need to improve.

stop hit

LMT order filled

pending sell 130K LMT 2897, STOP 2905, TARGET 2857

no trades today

starting account balance: 10487

This journal is intended to document my EUR/USD trading.My style is very short term, I hold trades from a few minutes to a few hours using 1 min and 5 min charts. My setups are strictly defined and described in my business plan. Money management rules limit the amount of risk to 0.85-1.5%...