This will serve as my daily journal where I will show my trades and net profit/loss. Since I'm rather new, I'm just going to trade mini lots to begin with. My plan is to trade daily and gain experience.. I plan to trade every day going forward, until I succeed..
Some Background About Me
I've traded stocks and haven't done that well. So after reading and watching numerous trading material. I've decided to try and tackle Forex trading.. It's been a bit difficult for me due to my health. (There may be pauses due to health issues, so please bear with me.) But no excuses, You have to do what you have to do.
My Approach
My trade style, I am trying to be a swing trader. However, I will close positions if I feel it is in my best interest. Mostly based on price action courses I've taken. I use a candlestick chart with a 21 period EMA and a bullish/bearish trend indicator. Along with the ninja trader platform.
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I never risk more than 0.25% in any trade, As I am learning as we go along. Trade each day and learn, learn and learn again.
6-5-2015
I just made two trades today. The first trade the market was trending and I was able to buy and sell for 21.5 pips.
The next trade the market was in a range and sold short at the top of the range. I bought back for a gain of 9 pips.. See chart below
So overall today a net gain of 30.5 pips or $26.50. The numbers are what was actually executed at IB. I didn't catch the big move of 80+ pips up and down or whatever was with the Non-farm employment. But overall I'm happy with the results.. Thanks everyone for reading and @bigmike for this great trading forum.
If anyone has any questions or comments. Feel free to drop a line..