gamma's journal

Although I manage to to be fairly successful most of the time which I believe is 60 to 65 percent of the time the problem I believe is not so much in developing a trading system but keeping to the system and not deviating from the rules
I hope that by posting my journal here opening myself to criticism and ridicule It will be another check on me before I trade.
I do not trade all the time This is part of my schedule that I only trade when all criteria is met which does not always happen and that is when I do make mistakes.

I will accept any ridicule and criticism after I close the trade.As I think fear of ridicule will also make me a better trader



Good trading all

good luck
What are you going to trade ?

God ! I am stupid
I have been trading currencies
the pairs I trade are gb/usd, eur/usd, usd/jpy, usd/chf,eur/jpy and gb/jpy.
I know I said I am open to criticism and ridicule thankyou Pat 494 for not riducling my first post
I trade2 accounts one a short term account try to close positions with a 30 point gain and as a hedge for my longer term account.
And another longer term account ranging days to weeks.


Good trading to all

Have just sold gb/usd at 2.020 time 16.52
As it has met all criteria for entering the trade

Hi Gamma,

What about stop loss and take profits?

Regards

Fibonelli

Time 6.26 closed my short position on gb/usd @19972
on account 1, for a 48 point profit
The profits made on account 1 will keep me in the short position on gb/usd in account 2 at no loss to the overall financial position I will close this position if it goes against me at break even.


{My stop loss is at 50 points on account 1 and 100 points on account 2}
I find a shorter stop loss like 30 points always gets blown out on intra day trading
I generally close the position on account 1 at a 50 point profit and transfer the profits to account 2 so that i am now in the position at break even if it goes against me.

Good trading to all

time . 12.45 p.m Closed my short position on gb/usd @19980 on number 2 account as the market seems to be creeping up might have better opportunities to sell after the u.s home sales data


Good trading to all