Scratty Line Trading Log

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scratty
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Scratty Line Trading Log

Postby scratty » Wed Nov 11, 2009 10:35 am

Hi my name is scratty

Im newbie and trying to practice the described trading with a 1000$ Demo account on FXCM MT4 Plattform. Lets see where the journey goes...

Entry
The Entries are based on trend lines combined with z-lines. This will give me the edge.

Exit
SL: 11 Pips fix SL
TP: Take as much as i can

MoneyManagement
- 2% of Equity
- If new Equity high & last trade was a winner i increase lot size by the base of the 2% Risk until i lose the first trade.

example (Base Risk 2% = 0.1 lot) if last trade =winner & new equity high then next trade lot size = 0.2 lots next 0.3 and so on...
Lose professionally!

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pablo101
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Postby pablo101 » Wed Nov 11, 2009 10:46 am

Hi Scatty, looking forward to your posts! :D
What line? The line that tells you which way you are trading! - MO

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scratty
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Postby scratty » Wed Nov 11, 2009 10:59 am

Hi pablo

hope i will find an opportunity soon, that the party can start!

The concept is to find z-lines which come together with a trendline after the BO.

try to post a chart to describe the theory in the past...
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scratty
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Postby scratty » Wed Nov 11, 2009 11:07 am

Here an example for understanding the concept... hope i did it right with the chart posting :roll:
Attachments
exampleInPast.JPG
exampleInPast.JPG (123.82 KiB) Viewed 1885 times
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scratty
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Postby scratty » Wed Nov 11, 2009 11:11 am

oops, did an attachement and an upload...
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Kenyuki
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Postby Kenyuki » Wed Nov 11, 2009 11:17 am

Cool scratty, wish you much success!

Sprichst du deutsch?

Cheers,
Ken.

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scratty
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Postby scratty » Wed Nov 11, 2009 11:32 am

There is the first trade comming soon...
waiting for the trendline break down.

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Postby scratty » Wed Nov 11, 2009 11:36 am

thanks Kenyuki

ja, spreche deutsch. Why do you speak german?!

scratty
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Postby scratty » Wed Nov 11, 2009 11:40 am

Breakout of trendline...
waiting for retracement to z-line/trendline to enter!

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Postby Kenyuki » Wed Nov 11, 2009 11:51 am

scratty wrote:Why do you speak german?!

Ja mein Vater ist deutscher und komme auch urspruenglich aus Deutschland.

Gruss,
Ken.

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