Hello everyone,
A brief introduction... I have been reading this forum and others as well as studying forex off and on for about 2 years. I have not blown up an account yet but it is significantly decreased that is for sure.
I have 3 main interest that are second only to my wife. My first interest is my business. I have a very lucrative home based business that I have run for the past 5+ years. It some ways I am very blessed to be able to work at home and enjoy a good lifestyle.
The second interest that I have is Online Poker. I am a micro stakes poker that can hold my own at that $10 tables (LOL).
The third interest is investing in anything that can legitimately generate a high return. This is what has lead me to the forex market. I believe as many people do that the most possible upside is here in the forex market. So this is a beast that I want to learn to tame.
I am starting this Journal to follow my next strategy I am implementing into my forex education. That is to use attempt to use Jacko's method in my trading. I will be trading EUR/USD and other pairs that seem to trend well such as NZD/USD.
In some ways I am still a total newbie when it comes to forex. I still don't understand plenty of things related to technical analysis as you will find out. So feel free to follow along and comment if you would like as I start making trades and updating the results.
Here we go:
I currently have one open trade:
NZD/USD Bought at 0.7150 Stop/Loss 0.7100 currently open +32 pips
EUR/USD Buy Stop 1.4700 with stop/losss at 1.4600
I often prefer a 50 pip stoploss except in the case of the EUR/USD and the way it has acted the past 3 days ranging down more than 50 pips from my buy order. Hoping the 100 pip stoploss will keep me out of that range.
Thanks for following,
Coastalfx
A brief introduction... I have been reading this forum and others as well as studying forex off and on for about 2 years. I have not blown up an account yet but it is significantly decreased that is for sure.
I have 3 main interest that are second only to my wife. My first interest is my business. I have a very lucrative home based business that I have run for the past 5+ years. It some ways I am very blessed to be able to work at home and enjoy a good lifestyle.
The second interest that I have is Online Poker. I am a micro stakes poker that can hold my own at that $10 tables (LOL).
The third interest is investing in anything that can legitimately generate a high return. This is what has lead me to the forex market. I believe as many people do that the most possible upside is here in the forex market. So this is a beast that I want to learn to tame.
I am starting this Journal to follow my next strategy I am implementing into my forex education. That is to use attempt to use Jacko's method in my trading. I will be trading EUR/USD and other pairs that seem to trend well such as NZD/USD.
In some ways I am still a total newbie when it comes to forex. I still don't understand plenty of things related to technical analysis as you will find out. So feel free to follow along and comment if you would like as I start making trades and updating the results.
Here we go:
I currently have one open trade:
NZD/USD Bought at 0.7150 Stop/Loss 0.7100 currently open +32 pips
EUR/USD Buy Stop 1.4700 with stop/losss at 1.4600
I often prefer a 50 pip stoploss except in the case of the EUR/USD and the way it has acted the past 3 days ranging down more than 50 pips from my buy order. Hoping the 100 pip stoploss will keep me out of that range.
Thanks for following,
Coastalfx