This journal is created to keep track of my 2nd demo trading assignment. I will post my demo account update . I#8217;ll also try to post my pre-trade analysis, when possible, and also my post commerce analysis. Everybody is welcome to share ideas, discuss transactions (as long as it is in GBPUSD), and examine pre-trade setups.
Objectives: a) 100% Account Growth; b) 20 percent Max Drawdown, c) 3 Max Consecutive Losses, d) Finalize Rules for Strategy
Start Date: September 15, 2008
End Date: (open)
My Trading Session: 01:00-12:00 EST
Starting Balance: $5,000
Currency Pair traded: GBPUSD
Type of Trader/Trades: Short-term
Trading Approach: Trend Continuation, Breakout
Account Risk per Trade: 5%
I don#8217;t have a finalized set of rules on my trading egy nonetheless, therefore I won#8217;t bill them. Maybe in the end of the assignment or when I finalize it, I might.
Tools and Strategy in a Nutshell: Pivot Point, Plogical Degrees, Visible SR Levels comprises my map. Fibonacci Analysis, Trend Lines, Chart Formations and MACD Divergences are my manuals.
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