GerryMFX
25th April 2016, 12:33 PM
Hi Forex Lover
I Just Started learning Forex about 2 months ago. I started my adventure by learn babypips school article and some of Trading System of Forexfactory member.
I will use this this thread as my Trading Journal Challange for 3 months from now. If I consistently profitable for 3 consecutive months, then I will start to open USD 1000 Live account, if not, I will keep to on Demo Trading until I consistently profitable for 3 consecutive months.
Trading Stategy:
Base on Pure Price Action (Candlestick Pattern)
Use 4H, 1 Day and 1 Week Time Frame
Risk management:
On every Trade Setup form on chart, I will open 2 or 3 position.
Every position I will risk 1 to 1.5% of my Account, so my Total Risk is 2 to 4.5%.
Every position will set a target, 2SL (2 times Stop Loss), 3SL and 5SL. When Price hit my 2SL, I will move the rest of open position SL to breakeven so I have no risk anymore.</div></div></div>
I Just Started learning Forex about 2 months ago. I started my adventure by learn babypips school article and some of Trading System of Forexfactory member.
I will use this this thread as my Trading Journal Challange for 3 months from now. If I consistently profitable for 3 consecutive months, then I will start to open USD 1000 Live account, if not, I will keep to on Demo Trading until I consistently profitable for 3 consecutive months.
Trading Stategy:
Base on Pure Price Action (Candlestick Pattern)
Use 4H, 1 Day and 1 Week Time Frame
Risk management:
On every Trade Setup form on chart, I will open 2 or 3 position.
Every position I will risk 1 to 1.5% of my Account, so my Total Risk is 2 to 4.5%.
Every position will set a target, 2SL (2 times Stop Loss), 3SL and 5SL. When Price hit my 2SL, I will move the rest of open position SL to breakeven so I have no risk anymore.</div></div></div>