So after procrastinating for I don't know how many years. I'm making this journal and keeping it updated everyday.
This is my first journal.
As wanting my first journal to be "perfect", I then ended up not writing it. I've now snapped out of it. What does "perfect" mean? It's an illusion. A mediocre action is much better than a perfect plan that never reveals itself.
So with much humility, I'm writing this journal here on futures.io (new name, good time to write a journal) with the purpose of keeping me accountable and hopefully be able to give back in a positive way.
I don't have a live futures account yet. I had 3 years of experience trading the spot fx, with ups and downs which ended up with loss. Most of it was because I didn't write my journal consistently. Now, I'm a documenter of my trading.
I plan to open up an account with S5 at the end of the year and do a TST combine starting Jan 2016. This is a small step towards my goal of creating a career out of trading.
The way I write this journal is to elaborate my homework for the coming day beforehand, and then journaling the execution afterwards.
My approach:
I daytrade the Euro in the UK and US session.
My approach is understanding the context through Volume Profile (courtesy to FT71) and then looking for a way to align myself with the OTF.
Hence, my entry is discretionary but according to a pre-selected area on my homework.
I use a fixed trade management strategy based on harmonic rotation
Stop=15, Target1=8, Target2=17, Target3=24
I seriously don't know what else to write. Really open for feedback guys.
I'm going to continue tomorrow with homework of the Euro before the UK market open.
Really excited about this.