QAM Trading Journal $US1000 to ???

Quoting Masterrmind

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My plan is to slowly tighten up the stops until overall risk on the account is <2% No point going too tight too soon because the trades need breathing space! Note where my current stops are located ..... above the 74.000 psychological level which is also just above key resistance! Any sign of very strong bullish intent to the upside and I'll consider closing out 1 of the 3 longs. This is the focus and this is what trade management is all about. ps. Chart structure is very important and so is knowing about any news (if any) and what the pairs trading...

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Quoting Masterrmind

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{quote} NJ - update Price still slowly pushing up! 2 pending Sell Stops applied! Masterrmind............

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Quoting Masterrmind

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{quote} Price intent to keep pushing higher at this stage. Stops locked in for close to a 3% loss if price takes them out.... Masterrmind...........

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Quoting Masterrmind

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{quote} NJ short cycle {image} 3 shorts still in action. Bears having a difficult time trying to push price down below the 73.750 level (pivot point) but I think they eventually will win this fight! Lets see! Masterrmind............

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Quoting Masterrmind

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{quote} NJ {image} TPs extended down to below 73.300 and given enough space I'll tighten up the stops once the trades get into profitable territory. ps. It will be very tempting to close out the 3 trades once they are in profit .... closing out all trades now would also be a net positive gain day! Masterrmind............

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Quoting Masterrmind

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{quote} NJ cycle Based on PA decided to close out 1 in profit and 2 in loss. Masterrmind...........

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Quoting Masterrmind

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Not alot on offer at the moment but took 3 shorts on EU Searching for other opportunities! Masterrmind............

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Quoting togerhard

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Hi Masterrrmind, I add a Release 2 with the follwing functions Main functions triggers now via buttons (buy, sell, limitOrders, stopOrders, Close Orders) but Demo only. SignalAlert and Statistic can run in live. But I realize that that there are some problems with the buttons in hitting which I do have to understand first. This version writes now Orders into the account, please use it in Demo only. The calculate of the DO gives me some trouble, too. Only the first "four digits of" any MagicNumber are handled as a Set, e.g. Order 1: MagicNo. 12341234...

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Quoting Masterrmind

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Ranges and adjusted global stops....... {image} Although the Adj SL on EURCHF and EURGBP are shown as 18 pips and 23 pips personally I would apply 30 pips to 35 pips (common sense also needs to be applied). ps. As I've said before this spreadsheet should be updated at the end of ever trading day however the Adj SL values do not change all that much over the course of a week so you could be lazy and simply update it at the end of each week. pps. Doing this exercise serves much more than finding an Adj SL value for each pair. It gives you the experience...

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