Annual Targets: ROI>15% DD<10%

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Old Apr 27, 2012, 9:59am   #1
Joined Apr 2012
Annual Targets: ROI>15% DD<10%

Hello.

I am a novice Forex trader with a very small account of £560.

Starting a journal to record my live trades and progress. Aiming for at least 15% annual return with a drawdown no greater that 10%.

Risk per trade is between 0.5% and 1% unless stated otherwise.
Risk:Reward at least 1:5

Very basic strategy of support and resistance using 4hr and daily charts. No indicators.
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Old Apr 30, 2012, 12:05am   #2
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread Bid placed AUD/USD 1.0450, stop loss 1.0423.
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Old Apr 30, 2012, 9:34am   #3
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread GBP/USD: bid 1.6252, stop loss 1.6220
offer 1.6331, stop loss 1.6365.

Last edited by Mr Woozel; Apr 30, 2012 at 2:19pm. Reason: incorrect stop loss
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Old Apr 30, 2012, 1:19pm   #4
Joined Sep 2011
Re: Annual Targets: ROI>15% DD<10%

I think, you set a balance target that can be achieved if you go on right track. How much did you earn so far?
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Old Apr 30, 2012, 1:59pm   #5
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread
Quote:
Originally Posted by Mr Woozel View Post
Bid placed AUD/USD 1.0450, stop loss 1.0423.
Stop loss hit.

Account: £556
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Old Apr 30, 2012, 2:10pm   #6
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread EUR/JPY:
bid 105.77, stop loss 105.47
bid 105.52, stop loss 105.27

GBP/USD:
bid 1.6202, stop loss 1.6168

AUD/JPY:
bid 82.77, stop loss 82.47
bid 82.52, stop loss 82.23
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Old Apr 30, 2012, 2:24pm   #7
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread
Quote:
Originally Posted by Patricia12 View Post
I think, you set a balance target that can be achieved if you go on right track. How much did you earn so far?
Hi,

started beginning of April with £600. Made about 5 trades but realised I was risking too much per trade. This made me hesitant to place orders. Therefore missed some nice trades. Don't need a big winrate to hit my annual targets...
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Old Apr 30, 2012, 3:05pm   #8
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread Just sold GBP/USD 1.6246, stop loss 162.71
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Old Apr 30, 2012, 3:08pm   #9
NVP
 
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Re: Annual Targets: ROI>15% DD<10%

this aint going well buddy....you were buying the Yen pairs earlier ? (ie selling yen)

what is your strategy ?

the yen (yellow) is flying today ?

just trying to help........

N
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yen.jpg  

Last edited by NVP; Apr 30, 2012 at 3:13pm.
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Old Apr 30, 2012, 3:10pm   #10
Joined Apr 2012
Re: Annual Targets: ROI>15% DD<10%

Mr Woozel started this thread
Quote:
Originally Posted by Mr Woozel View Post
EUR/JPY:
bid 105.77, stop loss 105.47
Stop loss moved to 105.68
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