Currently I'm continuing my journal at www.forexfornoobs.com

Currently I'm continuing my journal at www.forexfornoobs.com

This is subject to change in far future. Until then, I'll keep it there.

Tuesday, January 29, 2008

I've taken a little time off because of making 3 consecutive losing trades. Overall, trading has not been profitable lately, so it's a problem that really needs attention. I've taken time to gather my thoughts, reanalyze my method(s).

As it's an off-job week and I have time, I'm learning again and planning to make trades with testing platform, writing down statistics about every single trade.

The statistics should include:
  1. Currency pair traded
  2. Candlestick pattern
  3. Was the trade correct
  4. Was SL in proper place statistically
  5. Was TP in correct place statistically
  6. Did the trade move in the right direction initially
  7. Risk/reward ratio
  8. Average right to wrong ratio
  9. Average right initially to wrong initially ratio

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