2008 - Trading Journal Cable 20 pips

This is a discussion on 2008 - Trading Journal Cable 20 pips within the Trading Journals forums, part of the Reception category; Hi all I thought it was time to start for 2008 to place a journal. ALL COMMENTS GRATEFULLY RECEIVED. The ...

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Old Dec 24, 2007, 9:41pm   #1
Joined May 2004
2008 - Trading Journal Cable 20 pips

Hi all

I thought it was time to start for 2008 to place a journal.

ALL COMMENTS GRATEFULLY RECEIVED.

The breakout strategy is based on cable, using price as a confirmation, usually after 6am (but may stretch to 8am for the asian session to settle down).

Simple TP (20 pips) and SL (20pips) - The risk/reward is 1:1 and i am working on something else to increase it but am slowly backtesting.

Since i have a full-time job I will post screen shots usually at the end of a day.

I am using MT4 (Alpari UK)

Lot size will be 1.

Today the order was initiated at 14:15 open = 1.9802. Take profit at 14:30 for 20 pips.

(I think i managed to upload a pic)
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Last edited by counter_violent; Dec 26, 2007 at 8:09pm.
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