Here I will be recording my progression with S3 trading. Here is a link to X'man's Super Simple System on this board http://www.forexfactory.com/showthread.php?t=327972 This system has 2 types of trades (in the basic sense), trading off the 1H chart for 2 currency pairs, and trading off the 4H charts for numerous pairs. Many of the 4H trades are kept for longer than a day, I will try to go back and post the finished charts on the day they were initiated instead of posting the entry on Jan 2nd and the exit on January 4th (for example).
History:
I have been involved with Forex trading since 2006, been a long time lurker here and finally took the plunge and joined. This website has been an amazing source of knowledge for me. I have flirted with different types of systems and trading styles before and I think that the S3 system best fits my personality.
Goal:
Just a place to keep track of the trades I am taking based off of the S3 system, hoping that this will act as a guidebook for me to look back through one day. I am going to post my trades from the start of 2013 hopefully throughout the rest of the year. As I did not realize as a Junior Member it would take some time to be able to actually start a thread, this is going to be backed up a few days while I post the trades I previously have taken until such time that this journal catches up to my current trades.
WARNING: GRAPHIC INTENSIVE
Notes: I don't add the spread to my Take Profit Targets or subtract them from my posted results. The broker that I prefer has an extremely small Pip spread combined with a very small commission. Generally 0-.4 on EUR/USD, and generally less than 1 pip on most pairs, along with $7/lot commission.
January 2, 2013
1 HOUR S3 Trades: +259 Pips Today
A- EUR/USD Short 2 Lots @ 1.3265, Closed 1 @ 1.3232, Closed 1 @ 1.3199= +99 Pips
http://i169.photobucket.com/albums/u...sd1hrshort.gif
B- GBP/USD Short 2 Lots @ 1.6315, Closed 1 @ 1.6250, Closed 1 @ 1.6220= +160 Pips
The second lot was closed as a new trading session was beginning for me (read the above mentioned thread/ rules PDF found there)
http://i169.photobucket.com/albums/u...d1hrtrades.gif
4-Hour S3 Trades:
A- GBP/USD: 2000Hrs Short 2 Lots @ 1.6229; Closed 1 @ 1.6078 01/04 0000 Hrs, +151 Pips; Closed 2nd Lot @ 1.6063 01/04 2000, +166; Total +317 Pips
http://i169.photobucket.com/albums/u...sd4hrshort.gif
B- AUD/NZD: 2000Hrs Long 2 Lots @ 1.2606; Closed 2 Lots @ 1.2640 Due to Candle Color Change +68 Pips
http://i169.photobucket.com/albums/u...audnzdlong.gif
History:
I have been involved with Forex trading since 2006, been a long time lurker here and finally took the plunge and joined. This website has been an amazing source of knowledge for me. I have flirted with different types of systems and trading styles before and I think that the S3 system best fits my personality.
Goal:
Just a place to keep track of the trades I am taking based off of the S3 system, hoping that this will act as a guidebook for me to look back through one day. I am going to post my trades from the start of 2013 hopefully throughout the rest of the year. As I did not realize as a Junior Member it would take some time to be able to actually start a thread, this is going to be backed up a few days while I post the trades I previously have taken until such time that this journal catches up to my current trades.
WARNING: GRAPHIC INTENSIVE
Notes: I don't add the spread to my Take Profit Targets or subtract them from my posted results. The broker that I prefer has an extremely small Pip spread combined with a very small commission. Generally 0-.4 on EUR/USD, and generally less than 1 pip on most pairs, along with $7/lot commission.
January 2, 2013
1 HOUR S3 Trades: +259 Pips Today
A- EUR/USD Short 2 Lots @ 1.3265, Closed 1 @ 1.3232, Closed 1 @ 1.3199= +99 Pips
http://i169.photobucket.com/albums/u...sd1hrshort.gif
B- GBP/USD Short 2 Lots @ 1.6315, Closed 1 @ 1.6250, Closed 1 @ 1.6220= +160 Pips
The second lot was closed as a new trading session was beginning for me (read the above mentioned thread/ rules PDF found there)
http://i169.photobucket.com/albums/u...d1hrtrades.gif
4-Hour S3 Trades:
A- GBP/USD: 2000Hrs Short 2 Lots @ 1.6229; Closed 1 @ 1.6078 01/04 0000 Hrs, +151 Pips; Closed 2nd Lot @ 1.6063 01/04 2000, +166; Total +317 Pips
http://i169.photobucket.com/albums/u...sd4hrshort.gif
B- AUD/NZD: 2000Hrs Long 2 Lots @ 1.2606; Closed 2 Lots @ 1.2640 Due to Candle Color Change +68 Pips
http://i169.photobucket.com/albums/u...audnzdlong.gif