Another day another fade, this time at 1.5120 on cable, Mondays move creating a large range, price for now moving within..fireworks to come with NFP and the high & lows to be tested perhaps.
The live trade video is in two parts, the latter covers a lot of different factors and subtler nuances so is more informative, the first is pretty much the entry. The trade netted a another 50 pips for the charity account, and as a top pick went well and as planned. Again the twilight hours meant no trade management just a common sense target derived from the PA.
As an update the ammount raised so far for Plan is £453.00 discounting %'s from my own account trades. So almost 50% growth on Cap. I intend to try and run the account up to at least £2k before moving to Oanda, really in order to cover margin for having multiple positions open as leverage is 1:50 tops. So for now all profits held in.
Part 1
Part 2
Nice blog Jon and a worthy cause! I can't cope with anything less than 1hr charts so watching you trading 233 tick charts is very instructive and interesting.
ReplyDeleteKeep it going!
Came across your blog after reading your post on trade2win (pozzyp journal). You've both encouraged me that I'm on the right track with my trading - but still have a fair amount to learn! Thanks for taking the time to document your trades, I'll be reading the rest of your blog over the coming weekend. Cheers!
ReplyDeleteHi Anon
ReplyDeleteThanks for the kind words, tick charts are really a crossover from my trading futures, carry more weight as its centralised so orders per instrument are known. Okay on Spot FX but as its OTC with no central exhange all depends on the feed etc. Will never be complete or as good.
Only really use lower tfs to fine tune entries, as you probarbly know the level is the key, so the micro view is rather secondary.
Jackie
No worries.
Glad some of what I've put up is an encouragement, if you ever have any questions etc drop us a line.
All the best
Jon