FOREX end-of-week update 4-8 May 09

Started badly in the beginning of the week, hence I traded lesser and did more research to be able to trade better and grow my account. Read this document send to me by tendencia from SFF and I refined the methodology and put it into test on my LIVE account. As it was not a new trading method, I did not paper test it. The method was about increasing your lot size to grow your account. On the day I start trading with a bigger lot size, I met my daily target in seconds, seriously in a mere seconds. From there, I continued trading but at a smaller lot size to build up on my surplus fund which was set aside until the end of the day. Beginning of a new trading day, I would calculate and trade at a bigger lot size, once target is met for the day, it's back to surplus building. This method seem to be working for me as I watched my account grow!

Looking back into the week, though I may had profited at the end of the week, I still think that I am not trading optimumly yet. If you look at the summary, you would have realised that I had a high gross profit of five hundred plus but the net profit was only one hundred plus. This shows that my risk reward ratio is still no good. Comparing those profitable trades to loss trades, the amount gain was much much smaller than the amount loss. Seriously have to look into having the discipline to cut loss FAST!!!