I am starting a trading journal today. The emphasis of this journal is trading techniques to help a beginning trader overcome fear of trading and build confidence. I am trading small sizes and making scalps. My goal will be to make longer trades and eventually transition to the 5 minute chart.
This journal will only show live market trades (no simulations).
Markets
I will start out trading Forex market. I will expand to other instruments, particularly ETFs such as IWM, XLE, and when ready the futures YM, NQ.
Style
Price action and a 20 moving average. I enter trades on the 1 minute chart, but simultaneously view the 3 minute and 5 minute charts. I enter trades on stop market orders at 1 tick above prior bar's high (long) or 1 tick below prior bar's low (short).
Platforms
FXCM Marketscope - Forex
Interactive Brokers with Ninja Trader - Etfs, stocks, futures