Hello Traders,
I havent been around because i emptied my mini account and took some needed vacations.
I want to post my system, because maybe through your knowledge we could tune it up. Here are some bullets of my system:
Mini Account : $350
Broker: Gft
Lasted: 9 days
- Focused on one currency EUR/USD
- Open 3-15 positions (one at a time) per day
- Stop loss : $12 -$20 (5.7%)
- Good Tecnical analyisis, bad timing
- Traded against trend
- Indicators: MACD, Slow & Fast Stochastics
- Looked for Divergence- one time frame yes another no
- Multi time Frames Weekly Daily, 8 hrs, 4 hrs, 1 hrs 30, 15 5min
- Bad time zone: Im in mexico i traded after NY session
- When Stopped, Immediately opened another position
- Did not study moving price averages
- Did not check daily, weekly, monthly % performances
- To many trades per day
This is just some of the things i think i did incorrectly. Am i missing something????
It would be great if you posted some of your ideas-experiences-opinios about my trading system.
Very thankful
Dimitri