This is the 7th week of Forex Day Trading with the 5EMAs Trading System. This week, I only took 3 trades, with all 3 trades turning out to be winners.
My Day Trading Results With The 5EMAs Forex Trading System
This is the week by week results for forex day trading with the 5EMAs Forex Trading System.
Starting from $10,000:
- End of Week 1: $10,513.20 (+5.13%)
- End of Week 2: $10,983.56 (+4.47%)
- End of Week 3: $10,206.23 (-7.08%)
- End of Week 4: $9,620.75 (-5.74%)
- End of Week 5: $9,940.09 (+3.32%)
- End of Week 6: $9,857.48 (-0.83%)
- End of Week 7: $10,162.48 (+3.09%)
Summary Of The Past Trading Week
Although I only took 3 trades over the past week, all 3 were winners. There were quite a few other opportunities to trade, but it so happened that I wasn’t around when they occurred. Not to mention, it was Thanksgiving week.
While I monitor the 4 major pairs (EURUSD, GBPUSD, USDCHF and USDJPY) with the 5EMAs Forex Trading System, my major focus is on trading the USDJPY and one of the other three. This is because the EURUSD, GBPUSD and USDCHF tend to be quite correlated, and it’s likely that trades open in any two of these three will end up either both winners, or worse, both losers.
Since I don’t like risk, I’ll reduce my exposure by having a position open in only one of these three pairs. Although the USDJPY tends to move in correlation with these three, it does have its own personality and rhythm.
The account is back above water by +$162.48 since I did start with $10,000.
Applying discipline, focusing on 1 to 2 pairs, having a written trading plan and keeping your trading journal helps to improve your trading discipline.
While my trading results aren’t generating 50% week in and week out 
, I’m generally satisfied that I’m improving with reading the markets on the hourly and 15 min time frame. Given time, consistent trading discipline and improvement will allow me to put probabilities for success on my side.
To find out more about the particular forex trading system I’m using here: