With the start of the new year I have decided to concentrate on trading forex for a new challenge.

I am looking for more flexibility with my lifestyle this year so I can do more of the important things such as surfing.

The past month has been about refining my technique for the EUR/USD and defining my trading plan template.

The template is based on 3 core principles: Market Structure, Trend, Retracement.

No doubt I will fiddle around the edges as I always do with entry/exits.

I have changed my tick bars to range bars after viewing an ex floor traders chart setup.

This has helped avoid whipsaws that I've experienced with time & tick charts.

The range bars also help with entry timing as I can put limit buy or sell orders at a pre determined area a point above/below a range bar close.

These are the first of my trades yesterday and this evening.

As long as my win/loss ratio's are consistent I am aiming to raise my contract size as I progress.

The charts are the EUR/USD futures with a range bar of 5.

The start has been good with all 4 trades working in my favour.

The losing trades as they arrive will be posted.

6E jan12.jpg (99.31 kb)

6E jan13.jpg (114.18 kb)

With the first trade, I traded manually through Interactive brokers.

So the trades are on screen but I've had to draw the area I entered and exited the trade.

The second trade I entered through Ninjatrader and are printed correctly.