I created this thread to keep tab of what i have been trying to do for a longtime and have been failing with every attempt. i have not been a fan of keeping trading journals but i feel creating this thread will give a very great help to achieving this. i have tried this before with 500$, 300$, 200$ and recently 100$. I reduce the initial deposit by factor of 50% each time i fail and i believe am closing in on making it a reality. the essence of trying this is not actually to make money but to try out my short term trading skills. i have had friends that have turned 200$ to 100000$ in 6Month and really wanna try doing the same though not to that amount ofcourse but close.

i will be using 5min and 15min timeframe and the trading time will be from 7am(Minimum) to 5pm(Maximum) Daily. i will not open any other trade once its a second pass 5pm and no trade will be open a second before 7am. i might enter some trade base on 1hr and 4hrs timeframe (i will make it known when i entered such)

i will try and be updating every trade i entered and by the end of every trading day i will be attaching my account statement for everyone to see.

i hope i will do it this time


MAY FOREX HELP ME

Entered a short on EU 5min based on the engulfing candle that happened in the last 20minutes. with stoploss of 20pips and TP 20pips

[img]C:\Users\Beejay\Desktop\Trading\chart1.gif[/img]

Good one, let's see how far you go this time.

trade closed at +16pips

blink182: Good one, let's see how far you go this time.

thanks for the comment. your input will be welcome once in a while

late to uopdate. i had to attend to some important issues down here. was in two trades that the SL got hit. my equity now at 36$. lost a whooping 14$ on two trades cos of absence.today is another day and hope to make some of the loss and geting back on track.

wish me luck

Total Current Equity =$42
No open trade

Total Drawdown = 8$

Short Audusd @1.0455 SL @1.0465