Hi,

I'll be using this as a place to record every trade I make and the profits or losses which result. I exchange with the daily timeframe, using a few indiors using ODL Metatrader: Stochastic (5,3,3), AC oscillator (default settings), and AO oscillator (default configurations ) with EURUSD, USDJPY, USDCHF, and GBPUSD. Candles are also used by me. I only enter transactions at 8pm EST if a set-up presents itself. I have embraced aspects of this system from other profitable traders I have discovered on this forum. This is how I exchange:

I set a long trade when all of the following happen on the previous day:
stochastic is crossed in an upward direction
AO is green
AC is green
bull candle
if the first three happen and the candle is not bull than I do not take the trade and I must watch for another installment.

I set a brief trade when all of the following happen on the previous day:
stochastic is crossed at a downward direction
AO is reddish
AC is reddish
bear candle
if the first three happen and the candle is not bear than I do not take the trade and I must wait for another installment.

Money Management: 100 TP and 100 SL on all transactions. After the market moves 50 pips at the direction of my trade, I move all stops to break even.

Just a little background on me: I have been investing in Currency Market for the previous two years. I opened a live account soon (too soon) and dropped half of it fairly fast. After I did a lot of studying and demoed for more than a year. I have now been trading live again for 2 months and I have almost tripled my account dimensions (using very large risk money management). I have decided now to exchange risking of my account dimensions, but I realize it is still regarded as outrageously high to some (20 percent ). The chief reason why I wanted to begin this diary is to improve my discipline. Most of the losses I have incurred over the last few months occurred because I strayed out of my system or attempted trading on a smaller time frame... no more! I am sticking to my principles now.

As for now, there aren't any installations suggesting I should take a trade, so I'll stand aside. We'll see what happens tomorrow!

cheers.