FESX 2507 short +4 ticks and 2499 short +4 ticks
Good day to trade
Welcome to Mjose Journal, it will be a place where i will post my trading everyday with a new Manual trading strategy i am testing.
To have a journal is something very recommended to register a log of all your trades and review it to analyze our errors and remember our best trades situation.
I will trade Eurostoxx50 (FESX) Futures and Euro/USD Futures (6E)
Why FESX? To trade in real mode i am using a different platform and i need some time to open positions because i have to enter price number manually, this make very slow and i miss many trades, and for learning and testing purposes is the better i have found. Anyway sometimes i use 6E when market condition allow me to have the time to open position at the price.
I use range charts with minute charts for confirmation.
My trading times are from 8.30 to 11.30 london opening and 14.30 to 17.30 USA opening hours
I use an scalping strategy that use 4-5 ticks of Stop Loss and 4 ticks to Take Profits, this could be changed depending of market conditions and news.
I use Ninjatrader 7.
Glossary of Stock market slang, we say enter long when we buy and enter short when we sell.