£20 to £8,000

[JDTRADER]

getting the hump

Not going to plan but still at least with a bigger account balance on the Demo I have been able to hedge positions and trade better.

Still going to keep at it even if I have to step up at 10p per day lol

 

[JDTRADER]

Tue 01/03/11

£13.51

Bloody GBP/USD ! Demo bashed

 

[shadowninja]

Not sure why you bother with a demo account when you have a live account that's active. You are training your brain in two different things, are you not?

 

[JDTRADER]

Not sure why you bother with a demo account when you have a live account that's active. You are training your brain in two different things, are you not?

Live Acc - with such a low balance I got one trade so just waiting for the right time to pull the trigger.

Demo - I used this just to work out margins and practice ideas. Need something to do lol

 

[shadowninja]

Just don't get confused. I had an awkward trading session a couple of weekends ago when I was trading three different football strategies with three different sizes of risk. Got so confused as I had several charts open and active.

 

[JDTRADER]

Just don't get confused. I had an awkward trading session a couple of weekends ago when I was trading three different football strategies with three different sizes of risk. Got so confused as I had several charts open and active.

Yeah sure

But it does prove the point of being under capitalised

Having the Demo also shows I'm not a complete DONKEY

 

[JDTRADER]

Another scalp

£14.16

 

[JDTRADER]

My Trading Strategy

My Trading Strategy:

With proper capitalisation these are my parameters

Trade 2 to 4 lots. 2% of account balance
Auto Trade Set Up: Stop 20 pips, Take Profit 50 pips
Trade goes green take off 1 lot for scalp
Move stop to break even
Depending on Volume take off 1 to 2 lots
Final lot left to run with stop moved up to lock in profits

Using MACD, RSI, 50 Day EMA, Bollinger Bands

But with this low account start can only trade 1 lot and was rusty trading as I had not traded since before Christmas when I started this. Getting back in the flow, slowly :smart:

 

[shadowninja]

Well, onwards and upwards!

 

[brettus]

Re: My Trading Strategy

My Trading Strategy:

With proper capitalisation these are my parameters

Trade 2 to 4 lots. 2% of account balance
Auto Trade Set Up: Stop 20 pips, Take Profit 50 pips
Trade goes green take off 1 lot for scalp
Move stop to break even
Depending on Volume take off 1 to 2 lots
Final lot left to run with stop moved up to lock in profits

Using MACD, RSI, 50 Day EMA, Bollinger Bands

But with this low account start can only trade 1 lot and was rusty trading as I had not traded since before Christmas when I started this. Getting back in the flow, slowly :smart:

You're making me lose money with all your winners!

 

[JDTRADER]

Re: My Trading Strategy

You're making me lose money with all your winners!

 

[JDTRADER]

Wed 02/03/11

Live - Scratched trades £14.16

Demo - good progress

 

[JDTRADER]

Live - Dipped in and out today being ultra tight. A bit rusty but getting back into the swing off things.
£14.49

Demo - Trading well for just dipping in and out.

Looking forward to April when I will be trading Part time, for now off to the night shift

 

[JDTRADER]

Thu 03/03/11

No trade set up hit on USD/JPY this morning for me so I have been using the time to use Education on Trading today.

Got one pending order:
USD/JPY BUY @81.615 SL 81.415 TP 82.000

 

[JDTRADER]

Cancelled pending order and got some of the moves on USD/JPY but kept it mega tight so only got few pips as with the account balance I'm looking to step up with less risk.

£15.37

 

[JDTRADER]

Feb
23 £21.04
24 £15.64
25 £12.44
28 £13.17
Mar
1 £14.16
2 £14.49

 

[shadowninja]

Looking better!!

 

[JDTRADER]

W/E 4th March 2011

Feb
23 £21.04
24 £15.64
25 £12.44
28 £13.17
Mar
1 £14.16
2 £14.49
4 £15.37

Live: Trading such a small balance is like trying walk a tight rope blind fold

Demo: better results being able to trade my normal trading style
+4.68% £467.97

All positions closed out for the weekend. Will be trading next week but only as and when I can, ROLL ON APRIL

Have a good weekend guys

 

[JDTRADER]

The Week Ahead 7th March 2011

Just re-charted for next week which I had not done this past week. I would normally re-chart every weekend to see S&R and to add trend lines to gauge the possible moves for the week ahead.

http://50pipsfx.com/webinars/

http://www.youtube.com/watch?v=X6C9Wt5IEBE

http://www.youtube.com/watch?v=sbmbBMW0T6I

 

[shadowninja]

I do it every night; delete the lines if necessary and plonk new ones down to decide what bias to take the next day. I only work with dailies.