Good day fellow traders! ![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
This journal is created to keep track of my 2nd demo trading mission. I will post my demo account update here. I’ll also try to post my pre-trade analysis, when possible, and my post trade analysis. Everybody is welcome to share ideas, discuss trades (as long as it is in GBPUSD), and analyze pre-trade setups.
Objectives: a) 100% Account Growth; b) 20% 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’t have a finalized set of rules on my trading approach yet, so I won’t post them. Maybe at the end of the mission or when I finalize it, I might.
Tools and Strategy in a Nutshell: Pivot Point, Psychological Levels, Visual SR Levels comprises my map. Fibonacci Analysis, Trend Lines, Chart Formations and MACD Divergences are my guides.
![](https://resources.faireconomy.media/images/emojis/64/1f60a.png?v=15.1)
This journal is created to keep track of my 2nd demo trading mission. I will post my demo account update here. I’ll also try to post my pre-trade analysis, when possible, and my post trade analysis. Everybody is welcome to share ideas, discuss trades (as long as it is in GBPUSD), and analyze pre-trade setups.
Objectives: a) 100% Account Growth; b) 20% 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’t have a finalized set of rules on my trading approach yet, so I won’t post them. Maybe at the end of the mission or when I finalize it, I might.
Tools and Strategy in a Nutshell: Pivot Point, Psychological Levels, Visual SR Levels comprises my map. Fibonacci Analysis, Trend Lines, Chart Formations and MACD Divergences are my guides.