Admin Trading Journal Oanda

I  didn't  asked  for  any  kind  of  video  course. I never  into.

The  thing is  just  that  a  simple  some  tutorials  so  ww  can  learn  how  you  actually  read  chart  in  yours  daily  life  routine. 

Broker: I will be using Oanda with 50:1 leverage and the FIFO rule enforced.

Since last post, I still have my USDTRY sell trades open and am receiving daily interest for this. I closed only one sell trade in the last week. My account is currently in drawdown. I deposited another $5000 in order to be able to make more trades as price went up and to keep a better margin level. I will withdraw that $5000 after USDTRY falls. Until then, I am happy getting the daily interest payments.

Total profit = +$1103.27

Amazingly admin, you get very large profits with usd / try selling transactions.
I have to learn a lot from you here. congratulations, your weekend will be very pleasant. 

Since my last post, I have been holding on to my USDTRY sell trades and gaining daily interest. Just like before. USDTRY has been falling as I have been waiting for. I have closed out 3 trades since. Price is currently near some support. So if there is a bullish move up, I plan on re-entering these trades again.


Total interest = $998.71

Total from trades = $446.29

Total profit = +$1445.00

My starting balance at the time of this post is $2563.06. I actually had a winning trade while posting this. So I will be including that as well. See attachments.

Strategy: I will be using a combination of trend lines, support/resistance, and some indicators available on this forum such as the FEN indicator, Gann Time Clusters, and possibly some more.

Entries: I sometimes use pending orders and sometimes market orders. It depends on when I see a good trade set up and my availability. I will also use an averaging in method. So if price goes against my trade(s), I will open another trade in the same direction to get a better overall combined price. Any unfilled pending orders will be deleted after profit is reached.

Exits: I usually will set a set TP. I usually do not set a SL. This is just my personal style. That may be too risky for many traders, but that's fine. I will not be setting a SL for the following reasons:

• I do not have to worry about getting stopped out of an otherwise great trade. Forex is volatile and many times a SL will be barely hit and then price goes on in the right direction afterwards.
• This is money I can afford to lose. I will not lose any sleep over margin calls, if any. I am trading with pure profit from previous trading activity after withdrawing my initial deposit amounts.
• I am trading with an account with low leverage. So even if my trades are liquidated after a margin call, there will still be money left in the account for future trading.

Broker: I will be using Oanda with 50:1 leverage and the FIFO rule enforced.