Hi All, I have been trading FX for about 2 years, and have been on a down swing in the last 3 months. So I thought I would start a journal, and people can comment on my trades. I have only about $16000 on two sites (IB and forex.com). I will be day trading Fiber and Cable. Entry - London Open or New York Open Exit - London Close or 1600GMT Max Risk - 2% per trader or 3% daily My goal is about 50 - 70 pips a week.
Took a small long fiber trade, very small size tho. Still trying to claw back the losses and rebuild confidence. Net about +25 pips, +128.3.
Long Cable. Slowly increasing my trade size. Net +22 pips, 130.0 Not sure if it has the battery to run to the 1.5780 area today.
No trade today. was gonna short Cable in the 15670-15680 area, but price actions became choppy and felt like it didnt want to fall. Probably done for the week too.