Hi FF mates,
I'm starting this thread to help me focus on my trading, respect my trading rules and share my experience.
I have tried all types of systems, having good and bad experiences, globally beeing break even. Still a long way to go.
I have set up a demo account with 100 and intend to doble it during the year. If succesfull, I may go live with a small account. I am very patient and acknowledge the journey has a lot of hurdles.
My trading is based on Orangutangas' thread As simple as possible: RENKO M5 trading ( http://www.forexfactory.com/showthread.php?t=518592 ). I have had a fairly good success with this system for the past 2 weeks. Hopefully I can maintain consistently that.
3 things to maintain firmly in mind with this system:
1) No trades when red new is due.
2) No trades at or about round number.
3) No trades at SR that are easy to identify with renko charts.
I'm trading 4 pairs:GU, GY, EY, EA. MM: 0.03 lot / trade (roughly 2%risk). I'm not a full time trader, so I will update the thread whenever I can. I usually take 1 to trades per day, sometimes more sometimes less.
Wish me good luck !
I'm starting this thread to help me focus on my trading, respect my trading rules and share my experience.
I have tried all types of systems, having good and bad experiences, globally beeing break even. Still a long way to go.
I have set up a demo account with 100 and intend to doble it during the year. If succesfull, I may go live with a small account. I am very patient and acknowledge the journey has a lot of hurdles.
My trading is based on Orangutangas' thread As simple as possible: RENKO M5 trading ( http://www.forexfactory.com/showthread.php?t=518592 ). I have had a fairly good success with this system for the past 2 weeks. Hopefully I can maintain consistently that.
3 things to maintain firmly in mind with this system:
1) No trades when red new is due.
2) No trades at or about round number.
3) No trades at SR that are easy to identify with renko charts.
I'm trading 4 pairs:GU, GY, EY, EA. MM: 0.03 lot / trade (roughly 2%risk). I'm not a full time trader, so I will update the thread whenever I can. I usually take 1 to trades per day, sometimes more sometimes less.
Wish me good luck !