Okay so I'm starting a journal to record my trades... They will be called as quick as I can but my first priority will be to get the trade going so if it's late it's late. If there turns out to be more late calls than live then I'll put my account statement up monthly to keep the doubters happy, I have no reason to lie and nothing to sell.
I trade EUR\USD only and don't trade in a particular style, I either jump in for a chunk of a trend or take range breakouts off the 1m which are basically scalps. I work odd shifts so can trade 1 full week in 4, 1 week of mornings in 4 and the rest will be done from work using dailyfx free charts and my iphone FXCM app for placing the trades (obviously I won't be scalping from work).
In my trading software I have three charts open, a 15m HA, a 5min HA and a 1m candlestick chart which I switch between timeframes as I see fit but generally it stays on 1 min showing about 5hrs of candles. I like drawing support\resistance lines on the candlestick chart - From here I'll take range breakouts and keep an eye on price action.. The HA charts are for trend identification, I will always trade in the direction of the trend and take my entries off either the 5m HA or candlestick chart if my setup has come from there.
My stops are placed beyond recent highs\lows and if my stop needs to be more than 30 pips away I won't take the trade. I trade at $0.10 per pip for every $100 in the account so my maximum risk is 3% and my scalps off 1min range breakouts will typically only risk 1%. I don't plan to hold any trades overnight.
Trades will start on Monday morning.
I trade EUR\USD only and don't trade in a particular style, I either jump in for a chunk of a trend or take range breakouts off the 1m which are basically scalps. I work odd shifts so can trade 1 full week in 4, 1 week of mornings in 4 and the rest will be done from work using dailyfx free charts and my iphone FXCM app for placing the trades (obviously I won't be scalping from work).
In my trading software I have three charts open, a 15m HA, a 5min HA and a 1m candlestick chart which I switch between timeframes as I see fit but generally it stays on 1 min showing about 5hrs of candles. I like drawing support\resistance lines on the candlestick chart - From here I'll take range breakouts and keep an eye on price action.. The HA charts are for trend identification, I will always trade in the direction of the trend and take my entries off either the 5m HA or candlestick chart if my setup has come from there.
My stops are placed beyond recent highs\lows and if my stop needs to be more than 30 pips away I won't take the trade. I trade at $0.10 per pip for every $100 in the account so my maximum risk is 3% and my scalps off 1min range breakouts will typically only risk 1%. I don't plan to hold any trades overnight.
Trades will start on Monday morning.
