Hi All,

This diary is just a place for me to record my trades, thoughts and feelings as I embark upon my own trading journey.

That I will be using is Divergence's Flag Trading system loed here - https://www.nigeriaforextrading.com/...le-system.html

it's the first thread I have come across on day trading that actually makes sense to me. It's based largely on price action but uses a few indiors to help confirm an entrance or get you out in some scenarios.

I have back tested it on data from the beginning of the year and have the following results with the EU.

78 transactions
68 wins
10 loss
1 trade a day typical
22 trades per month average
87 strike rate

So as you can see it's promise. Now the key will be for me to trade it live and find out whether I could get similar results.

A few things to note, the results above are based on trading Asia and New York as described by the system founder but these aren't necessarily going to be my final session choices. I am based in Europe so will look to test this on the London Sessions as well as testing other currency pairs (GU and EJ).

About the name why I have put 10 percent per month is that's my goal initially, if I could do that consistently although not risking to much I will up my risk percentage. Additionally 10 percent each month is what I have calculated as being a necessary return to allow me give up my day job completely and trade full time based on the starting bank I am willing to risk when I loe consistency.

OK so if all of the house keeping is over with I will end this first post by saying I welcome comments and contribution, although in the event that you want system particulars I will declare now that I am not the specialist and you should consult Divergence and a number of the other senior members around the above mentioned thread.

Thanks for reading and happy trading.