GBPUSD

Taken 5 trades on the charity account the last week, 4 out of core hours and 1 in as I'd made target by then. 2 winning trades on Cable for 99 pips total , a loss on GBPJPY for 23 pips and 2 scratches on EUR/USD. Total raised so far now £284.00.

AU & GJ

Been some good opportunites inside core trading hours the past week despite presidential words! and the situation surrounding Greece, less so in the quieter hours, didnt see too much I liked had 3 trades on the charity account: a scratch, a small 10 point loss on cable and a sucessful trade on AU for 38 points. From the trades its another £26.00 in the pot taking the ammount raised to £208.00.

I got to target on my account Thursday and did my usual and scaled down size for Friday, which is never a particularly good day, anyway took a short trade on GJ off previous support , used a tick to confirm the entry. Probarbly left a little to much on the table but was good for 90 points, I will donate £24.00 a % of this trade as well.

Chart scans are from MT4 as my PRT wouldnt load up for some reason.

I've added an email to my profile if anyone has any questions etc, or you can leave a comment on the posts I believe.

Cheers

Trading the zone on Cable

Completed another trade, on Cable this time round, probarbly the greatest influence on my trading is good old fashioned support and resistance, arguably subjective but an essential factor which I base my trades around. 4 hr major sr zones in blue and red (the red level I was expecting to hold as support) orange on the 15 minute minor SR which I waited for price to clear and hold before entering long.

1.6300 has been a very much a used and abused whole number in recent weeks and days, fading whole numbers is viable but how often have they been hit and have they been respected..Other levels were far more likely to offer resistance. I exited on a quickly developing pin through another zone.

Slightly higher risk on this trade as was in at 2 pounds a point, 58 points profit. To keep things even Ive donated 34 straight away to take the ammount donated so far to a 100, and will keep the remainder in the account to help us on the way to BARX.

Speaking of brokers I've opened a seperate account with Oanda for the charity account, the dirt cheap spreads opens up more pairs for the scalp trades and the any unit lot size will aid in compounding quickly no end.

And we're off and running

Been busy trading my own account as always and been figuring out the best way to fit in the charity account alongside!, I hope to dedicate an entire week to just trading the charity account in the next 6 - 8 weeks, I've found some free video software so am hoping to document the week as well.

I expect in the long run I may just trade my own account and dontate a %, but I'm really up for a big cardboard cheque from a broker one day for a charity, so I'll see if I can do some simulataneous trades along with my own

As for the charity account starting capital is £1k, risk wise I'll probarbly push up to 5%, little bit aggressive but Im pretty certain I won't bust it.

The first trade was on EJ, an early evening opportunity after I was done for the day paying bills, tight range of around 40 points encompassing around 12 hours trading time, , , i'd been scalping the range quite a bit in the day and was pretty certain of a true break to the upside as imminent. Did okay in this one, long for 66 pips at a pound a point, caught the top in terms of profit taking okay as well.

I donated all the profit on this one, moving forward I hope to grow the Capital up to around 5k and transfer the trades to BARX so will probarbly just compound or take out a %.