gamma's journal

[gamma]

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

 

[Pat494]

good luck
What are you going to trade ?

 

[gamma]

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

 

[gamma]

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

 

[fibonelli]

Hi Gamma,

What about stop loss and take profits?

Regards

Fibonelli

 

[gamma]

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

 

[gamma]

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