Hi my name is Jackie. I'm starting this journal to track my progress. You'll be able to follow along with my transition from demo trader to reside trader and finally Incubator fund trader to hedge fund trader.

I use a long-term trading egy trading from the Daily, Weekly, and at times Monthly charts. You may observe that I make one to two trade per week. I don't use Take Profits, I use trailing stops and wait patiently to get stopped out.

When I place a trade I place it at the direction of this long-term trend with a 50 pip trailing stop along with a 1000 pip Stoploss. In the end of the day when the transaction is over 100 pips at the favorable I increase the size of my trailing stop to 50 precent of their profits in a bid to give my trade more room to range, while giving me the oppurtunity to keep in a long-term trend.

So for example I buy the EUR and at the conclusion of my trading day it has run up 150 pips along with my 50 pip trailing stop hasn't been stopped out then I will increase it to half of 150 (75 pip trailing stop).

This am I made my first trades for this journal

Buy EUR/USD @ 1.5474 currently 1.5530
Sell USD/JPY @ 103.52 currently 103.83
Buy GBP/USD @ 1.9612 currently 1.9609
Sell USD/CHF @ 1.0462 currently 1.0442

Thats it for today,
Jackie