31 May 2012 Live trading

Bad mood.
Closed at BE
And target  reached in several bars.


Nictrades trading Rules

Rules

Ok Mr Big ...
Just to prove I actually have a plan ... from now on I will include profit targets when I enter trades.
A (brief) summary of my rules are:

All trades are 1% risk unless I use a lower stake, which I will state at the time of entry.
My goal is to trade daily trade setups on 4hr/1hr timeframes for better risk/reward.
I will bank half of daily trades at 3:1 unless I say so otherwise at the outset.
I will not enter trades where my expectation is less than 2:1
I will state targets for the balance of the trade at the time I enter them.
I will re-assess dibs trades at EOD in the light of the daily candle close if the trend looks like it might continue.
I will not move stops to breakeven, I will take profit to pay for my stops.
For longer term trades I will move my stops above hrly / 4hrly swing high / lows.
I will prepare for retracements and ride them out, Braveheart style :)
I will not chase the market, if I miss my entry I will leave it.
I won't always get it right but I will always keep trying.

25 May 2012 Live trading

Today i was busy with freelance project.
So missed very great day!
5 WINNERS!
Eh..



 

22 May 2012 Live trading

Today i've made 2 trades.
Accroding rules
Pay me well.

+2R for today






16 May Live trading

Made 1 trade today.
I've entered too late for 3 pips worst price.
Stopped out at BE.


15 May 2012 Live trading

Today i traded from M5 chart.
Made some mistakes.
Finished day with 1R or 1%





10 May 2012 Live trading

Market is dead. Low volatility..less then 100 pips.
It's hard to trade in this environment.

Made 2 trades today.
In first trade i've made a little mistake, while moving my stop too far, actually for 12 pips, not 10.

Also missed nice trades today.





09 May 2012 Live trading

Today i made 5 BE trades) Like a record.
I moved stop losses too quickly and entered not systematic setups (like momentum market entries)

Slow day today.

Result 0




08 May 2012 Live trading

Today i made 1 bad trade( not according to rules)
Second trade was good, but i was stopped out.

-2R today






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