Gamblers live trades new system

[Mogui1998]

I have made some adjustments in my system so I thought it was time to initiate a new trading diary. The principles for my system are extremely identical to the principles explained in this thread https://www.nigeriaforextrading.com/...d-raschke.html.

My new rules takes into account the volatility for a certain pair is not the same all the time so that I can't use fixed stop losses and take profits. I will not describe the system in this post but in the coming weeks I'll be posting pictures of my transactions so you can get an notion about what I am doing.

[Valcamce]

I look forward to after your trades as you refine your system.

[amyab]

Hi Gambler,

I use a very similar egy so I anticipate it also. GL.

[Mogui1998]

Thanks for the nice remarks. I run the system in cycles and I have bought USD/JPY now. Because this is the beginning of a new cycle and I haven't lost money yet I'll close if it is in profit but that I also have a target in the event the price reaches there and then retraces.

http://img228.imageshack.us/img228/1...vngivetbn3.jpg

[Mogui1998]

I inadvertently used virtual currency from that trade and the very first trade has been closed. As it was not money, this trade is not counted by me. I have bought the pair again now this time.

Http://img381.imageshack.us/img381/6...vngivetxs6.jpg

Edit: The trade is with approximately 1 % of my account balance.

[Mogui1998]

Now the trade hit on ceased reduction of -52 pips and I have written in an excel sheet that I have lost one time with one %. In case the next USD/JPY trade is also a reduction I will raise the lot size to 2 % of my account balance. If I win more than I have lost I will start a new cycle.

[Mogui1998]

Today I sold USD/JPY

http://img501.imageshack.us/img501/6...vngivetve2.jpg

[Mogui1998]

Today the price hit my target and I eraned 72 pips.

Total 20 pips

The next trade will be the start of cycle 2.

[Valcamce]

Now the price hit my goal and I eraned 72 pips.

Complete 20 pips

The next trade will be the beginning of cycle two.

Congratulations, it is always nice to be back in the dark.

[Mogui1998]

Today I bought CHF/JPY

http://img237.imageshack.us/img237/6...vngivetsz4.jpg