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It's going well with me staying away from the live trading until I can get properly funded.
I have $2K more in the coffers and the learning is going well. I find the Al Brooks price action book fascinating...
I will not post anymore of my SIM trades, as it is fairly pointless since I am experimenting with order entries as I
bring a bit of the Brooks method into my Scalping style....
A work in progress... Plenty of time... No hurry....
I've been locked up in the studio for a week, so I haven't had a lot of time to work on the new system, however the trading account is filling up nicely...
I did break away for an hour here and there to work on Price Action and feel confident. about the system. Trade entry's are clear and I have a good plan.
I will be quite ready by the first of the year...
Also doing well about not hitting the Live Account button until I am fully funded. ...very tempting
when a classic setup is staring at me .
final update on 'Road To Million' project;
the plan:
the reality:
links to each month result located on front page are gone, link to the project is gone, only way to know if it ever existed is to dig thru its archive.
Work is slowing down a bit for the holidays, so I'm having a bit more time for my trading studies. Still building up
the futures trading account and practising with a week at a time of replay data, to get a feel of how the markets move over that time frame. There are definite patterns in a weekly cycle.
Still trying to absorb the Al Brooks book and put the knowledge into use. Price action is my main study.
My current instrument is the EUR/USD using hourly and daily charts to get good solid positions. I am then able to stay in the trade for many hours, which suits my schedule... Finding success. It seems to mirror the DOW at
times, which will make trading it alongside the YM interesting...
I still love the fury of the futures, however.... both will be traded in time. The CL is always becking, but I resist....
Well, after a 50% drawdown on my debut trading account, I am back to live trading with a much better funded
account.
I will be risking 1% a trade. YM with CL to follow when I double the account.
At first, I am simply looking for profit everyday. I have a losing rule in place also.
Here is the first trade back. I hate this type of trade. The very top of the market, waiting to break a new high.
I got in after the second attempt broke through. But it was a major battle on my T&S and filter charts, so I bailed. I will let this market top out and visit the down side.
One trade, one win.
This time I'm going to build the account up slowly.
Profit tartgets to follow in time.
Thanks to all for the assistance in developing a very strong system.