This is the second week of day-trading the 5EMAs Forex Trading System. This week, the result wasn’t as good as the first week where I made +5.13%. This week, I made only a +4.47% Return on the Account.

Day Trading Perfection

Also, this week I had my first losing trade using the 5EMAs Forex Trading System. I have to say, that’s more my fault than the system’s. Still, I was more or less expecting this to happen soon. Perhaps it was a self-fulfilling prophecy! *grin*

I’m glad that I got the first losing trade out of the way. With this, I no longer have this need to be a “perfect” trader hanging over my head anymore, which leaves me free to fully concentrate on trading the system.

When In Doubt,
Get Out.

From the statement, you’ll see a couple of trades where I exited with only 1 - 2 pips of profits. That’s because after I entered the trades, I realized other external factors that might affect the trading results. So, when in doubt, get out.

I managed to exit the trades near break-even, plus/minus a few pips.

Further Notes on Day-Trading the 5EMAs Forex Trading System

I realize that while the manual contains enough detail and information to trade the system well, for a new trader you might need to really sit down and read it through. I suppose it’s because I’ve read so many systems, traded so many styles and learnt the nuances of trading that sometimes, I take things I know so well for granted.

These things, you can’t really write them down in a manual, because they’re the nitty gritty things that happen in trading. Things you either notice or don’t.

It’s a bit too early for me to decide, but I’m thinking of releasing my trading notes over the series of trades that I’ve taken to other traders who have purchased the 5EMAs Forex Trading System through my site.

These notes cover a little bit more of the nuances and little things that I’ve picked up over the years. I don’t remember them until they’re required, so it’s kind of difficult to teach them beforehand.

A Simple Additional Day-Trading Analysis Template

I do use a very simple template that’s somewhat a blend of the things that I’ve learnt over the years. It helps me to decide which direction I should be trading for the day, and it gives me the additional confidence and confirmation to wait out the first couple of hours after just entering a trade.

Those initial hours can be tough, because no matter how long you’ve traded, there’s always that element of uncertainty if you’ve taken the “right” trade. And with my simple day-trading template, it helps me to “stick it out” through the waiting period until the trade hits the profit targets.

Summary of My Day-Trading Results

Overall, I’d say that I’m still working through the system. It’s simple and clear enough for me to trade with confidence, but I’m adjusting my routine to include this methodology of trading.

A Quick Summary of Day-Trading Results Week-To-Week:

1. End of Week 1: $10,513.20 (+5.13%)
2. End of Week 2: $10,983.56 (+4.47%)

Here’s the link to the detailed account statement:

5EMAs Detailed Statement

As for my day-trading notes for the 5EMAs Forex Trading System, well, I’ll have to think about this.

It really will depend on what the results are after I’m satisfied with my testing of this system, and whether it’s worth the effort for me to tidy up my notes for release. Besides, I may be giving myself too much credit to think that other traders might want my notes in the first place!

Still, +9.83% return on the account over 2 weeks isn’t too shabby. It’s still early going yet, and I want to test and fine-tune my trading methodology and approach a little better.