Hello All!
I have off-boarded funds from my broker and setup some new accounts for 2021.
I am going to use one to do this fun trading test during the holiday I think we all will enjoy.
I will be day and swing trading. I work as well but I trade anytime I am up, so we will have some volume.
I will start with 500 dollars and log trades through the ideas here. We will be trading:
EUR USD
GBP USD
For the first trade, I have taken a short position of 15000 (365.59 margin) on the EUR USD from 1.218694 to a goal of 1.2160 (16.67 profit or 3.25%ish) We have set our stoploss tight at 1.22, and for a reason.
The trend is Bull. This is a correction as well as the market responding to Brexit news and covid restrictions. We will reverse the position at 1.2160 or at the stop loss depending on the technicals and the sentiment.
There is support all over the chart but we will start this off with a scalping short and see where the market goes. I expect a Tuesday flip and some news this week so...
Here We Go Folks!!!
Please like, comment, and interact with me! This is my 2nd year trading, working on #3 now, these forums have been a help and I want us to help someone else who is beginning and pouring through all this information like we were when we first found it.
If you have any ideas for trades please tell me, we will make the trade in the fun account and log it and see how it does!
I have off-boarded funds from my broker and setup some new accounts for 2021.
I am going to use one to do this fun trading test during the holiday I think we all will enjoy.
I will be day and swing trading. I work as well but I trade anytime I am up, so we will have some volume.
I will start with 500 dollars and log trades through the ideas here. We will be trading:
EUR USD
GBP USD
For the first trade, I have taken a short position of 15000 (365.59 margin) on the EUR USD from 1.218694 to a goal of 1.2160 (16.67 profit or 3.25%ish) We have set our stoploss tight at 1.22, and for a reason.
The trend is Bull. This is a correction as well as the market responding to Brexit news and covid restrictions. We will reverse the position at 1.2160 or at the stop loss depending on the technicals and the sentiment.
There is support all over the chart but we will start this off with a scalping short and see where the market goes. I expect a Tuesday flip and some news this week so...
Here We Go Folks!!!
Please like, comment, and interact with me! This is my 2nd year trading, working on #3 now, these forums have been a help and I want us to help someone else who is beginning and pouring through all this information like we were when we first found it.
If you have any ideas for trades please tell me, we will make the trade in the fun account and log it and see how it does!
