Thread: My 50 pips a day trading journal

Hello great people of FF,I am starting this diary for the purpose of recording my trades in order to discover several patterns and most significantly is to get the contribution of this honourable community and of course to be accountable.

The trading system will not be discussed here broadly but I will be trading the daily charts and I will be entering at the begining of this day's candle with respect to this day's fundamentals, trends and key S/R levels. The goal will be 50 pips tp:sl

1. SL and TP will be 50 pips.
2. To move my stop to BE when the price moves 25 pips in my favour and also to lock 20 pips when it goes to 40 pips.
3. To stop the trade manually until it hits the stop loss if I found I was actually on the incorrect side (that is actually the hardest part) and never to expand my SL.
4. No matter the result of a day's trade, I am done for that day...

Originally Posted by ;

Hello,
Good luck bro...

Thanks, wishing you a year filled with pips...

Sounds intriguing freddylek, I will also be looking at daily when the markets start up again.

What TF are you going to use to monitor your trades?

Kolin

Originally Posted by ;

Sounds interesting, I'll also be looking at daily when the markets begin again.

What TF will you use to monitor your trades?

Kolin

I trade the daily charts though I'll use the weeky and monthly for management... generally I don't like to trade on mondays... particularly being the first after the hols. . I love to observe that the direction. It may be that I'll post my trade .

My notebook pc just pack-up without any motive, while I am figuring that out, I'll be using a pocket pc to perform my trades. Although limited in certain purposes... I will still carry my trades successfully, but I'll not be able to join the charts for now.

Currently i have a long position on usd/jpy.
Entrance: 91.74
TP: 92.24
SL: 91.24
Now with the price at 92. My stop was moved to the entrance price.

Hit target...
I'm done for today

I've planned to brief usd/cad today but slept and just woke up when it has already move over 50 pips....
Well I'm another commerce usd/jpy
entry: 92.39
T/P: 92.89
S/L: 91.89