Hi, this my live trading diary.
I don't have a particular system yet, however I'll use aulonso conventional and 15minute, imran sait, and breakout grid system as my guide lineup for trading.
I'm using fxsol as my broker, first capital USD300.
Micro account, every pip value USD 0.01
Currently I shall just trade GJ. Whenever max 4 micro lot.
Monthly Target: Profit USD300.
I lived in Malaysia, so it still consider quite a fantastic extra income for me.
Good Luck To Me
At the end I almost losing all of my cash. .
It force me to exchange with only 1 lot. I still stick with UJ.
But this time I change trading egy. . I start scalping. . .still follow Imran and Alonso trade idea. .
After gaining a few confident I raise my trading lot back to old egy. .lost again...
Perhaps I am not good at this... scalping ought to be the way. . I thought. .
I changed back my egy to scalping UJ. .
though profit is not much. . And a while I think I exit to early...
but I told me I could get them at other time...
Few things that I heard so far, that
1) to exchange you need to have the ability to control your own greed.
2) don't trade during news release. . It can go otherway around regardless of the outcome.
3) Always trust your chart..no matter what. .
I'm slowly regaining my positive and my cash back. .
Yesterday I forgot to remove my sell order limitation 106.80 (UJ) before I log off from my broker..End up my trade got activate. . .Unfortunately the trade went the other way round. .
Anyway I can't manage to close this trade in the moment..so currently I'm waiting UJ to return. .
Finally UJ moved down. I had been at minus 70 pip before. . Now slowly minus 30 pips. .
Another lesson learned. . Assess your order limitation before log out or in the conclusion of your trading day...
I chose to only trade UJ. .
I might return to exchange GJ once I get enough money in my account and much more expertise. .
System upgrade
1. Bolinger ring ( 5 and 1 minutes time period ) for my entrance
2. Used 1 hour 4 hours TF for trend check.
3. Assess Daily TF to judge the trend strength.
4. Add CCI and FI to verify trend power.
5. Never exchange against the trend.
6. Goal USD10 for daily profit. Still won't attained my first USD300 monthly goal, but for time being I'm delighted with it.
7. Trade with 5 lots or 1 lot. At maximun 6 lot per trading time. Once I have more money I shall increase this to maximun 10 lots.
Looks like UJ finally moving down. .
There is daily pivot line acting as resistance as well. .
Will wait for 1 thing to bar to close before choosing to go into the trade. .
4H TF also trending down. .
Daily trend appears like losing it trend as well
I have 1 trade accidently opened since last night. .
UJ fad change to upside again...
its very strange. .shouldn't the market go down right now. .
UJ please come down..why are you so stubborn...
Holding U/J brief and expecting to come down will destroy your account IMO. Im looking at this infant carrying out monthly highs this week and moving far further.
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