West's Trading Journey
Posted: Wed Jun 01, 2016 2:53 am
Hi All,
It is time I start sharing my trading journey here. I have been inspired by the folks who post and contribute here in this forum - Thank You. While I am not profitable yet, I am working towards it. Perhaps sharing and logging my work here will help me.
My goal is to profit 10-20 pips per each day I trade.
Things I am working on:
+ Keep losses small (10 pip S/L)
+ Consistency (e.g. not doing my own random stuff, and stick to a trading strategy)
Today's trades and results:
(I am using TRO's Daily Wick Zone strategy for entering. I am new to this strategy, so I am still getting used to it.)
gbp/jpy: -10
cad/jpy: -12
eur/jpy: B/E (I moved S/L to entry while I was in profit or at least +10 or more)
eur/jpy: +15
usd/cad: -10
usd/jpy: -10
usd/jpy: +1 (I moved S/L close to entry while I was in profit or at least +10 or more)
usd/jpy: +1 (I moved S/L close to entry while I was in profit or at least +10 or more)
- - - - - - - -
Total for the day: -25 pips
Reflections from today:
+ Trying to keep losses small (so when I am at +10, I move my S/L to my entry)
+ While I was hoping for some big moves above where I was in profit, price came back and stopped me out at entry. In hindsight, if I would have taken 10-12 pips on those trades I would have done better today. Its something to consider for tomorrow.
Here are two trades from today. This first trade sequence below was a loss...
-West
It is time I start sharing my trading journey here. I have been inspired by the folks who post and contribute here in this forum - Thank You. While I am not profitable yet, I am working towards it. Perhaps sharing and logging my work here will help me.
My goal is to profit 10-20 pips per each day I trade.
Things I am working on:
+ Keep losses small (10 pip S/L)
+ Consistency (e.g. not doing my own random stuff, and stick to a trading strategy)
Today's trades and results:
(I am using TRO's Daily Wick Zone strategy for entering. I am new to this strategy, so I am still getting used to it.)
gbp/jpy: -10
cad/jpy: -12
eur/jpy: B/E (I moved S/L to entry while I was in profit or at least +10 or more)
eur/jpy: +15
usd/cad: -10
usd/jpy: -10
usd/jpy: +1 (I moved S/L close to entry while I was in profit or at least +10 or more)
usd/jpy: +1 (I moved S/L close to entry while I was in profit or at least +10 or more)
- - - - - - - -
Total for the day: -25 pips
Reflections from today:
+ Trying to keep losses small (so when I am at +10, I move my S/L to my entry)
+ While I was hoping for some big moves above where I was in profit, price came back and stopped me out at entry. In hindsight, if I would have taken 10-12 pips on those trades I would have done better today. Its something to consider for tomorrow.
Here are two trades from today. This first trade sequence below was a loss...
-West