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I lurk mostly at FF but found a few interesting threads here & figured I'd combo my intro post into a two week live journal. I'm planning to move over to IB in order to incorporate futs & stocks into my fx trading...I'm sure I'll have questions for some of the futures.io (formerly BMT) members in the near future.
I'll record my trading 14-Oct through 26-Oct, simple retests of broke S&R on the daily, 4hr & 1hr is what I look for nearly exclusively.
I've been trading live for five years, almost exclusively S&R in one form or another. As of late, ran into a 15% draw down June - August, pulled the account back to new highs in early September, only to relapse into draw down later that month. Heavy resistance at account highs, looking to bust this level by COB 2012.
Live trader pushing a mid 5 digit account, Oanda w/MT4 charting, trading around ~70+hr work week, spotty net connection & constant travel. Cheers
Last edited by sam0182; October 13th, 2012 at 07:55 PM.
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Need help? 1) Stop changing things. No new indicators, charts, or methods. Be consistent with what is in front of you first. 2) Start a journal and post to it daily with the trades you made to show your strengths and weaknesses. 3) Set goals for yourself to reach daily. Make them about how you trade, not how much money you make. 4) Accept responsibility for your actions. Stop looking elsewhere to explain away poor performance. 5) Where to start as a trader? Watch this webinar and read this thread for hundreds of questions and answers. 6) Help using the forum? Watch this video to learn general tips on using the site.
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