andante9

Upon thread open: Gain -8.25% Drawdown -12.78% Daily: -0.01% Monthly: -0.31%



http://www.myfxbook.com/widgets/19485/large.jpg

Hi All,

My goal is to gain on the thread open stats and then to gain on the account open balance .

I trade a live account because trading live is different from trading demo.

On another note I should say that my account allows hedging.

Also, I am not a professional trader. I am posting in this journal because I want to keep a record of my progress as a trader and to share my experience with family and friends.

Pop in and say hi anytime. Constructive comments are welcome.


Dan

I've bought ECHF.


Positive swap at a resistance level.

I've added A/J.

Love that +buy swap and last weekly candle was bullish.

Hey Dan - How's that swap adding up?

Hi Scott,

Thanks for checking in, pop by anytime!

My trades are holding OK for now. Not really sure where trading FX will take me but for now I'm trying to stick to this.

Here's a shot of my current positions. . . (EURCHF was positive buy swap when I bought it but now its 0)

Here is a demo I've been trading since Jan 22/10 that illustrates nicely what I am trying to do with my live account.

Notice the nice swap paid (around 25.00). That really helps with drawdown and adds nicely when the market is cooperating.

I've added to my AUD positions by covering the first position and entering new longs.

Doing ok so far.
I would really like to see my chf positions kick it up a notch though!

I made an executive decision and closed out that nasty EURCHF trade. I sacrificed one of my AUDJPY positions to net out with a very small gain.

I'm adding to AUDUSD. Both daily and weekly TF have signaled with a break out of a drawdown.

There is an AUD interest announcement tomorrow.

This is all for today

Two things to note in this update. First I've moved my SL to BE (swap paid included eeeekkkk!) in attempt to stay in this current position. Also the grey area is where I could (should?) have added to my position awhile back.

Spreading the risk.

Today I decided to spread the total risk to my account over my 5 total trades open.

I have not considered the ATR of any given pair. Which means I have not given any statistical 'weight' to the expected movement of any given pair vs. any other pair in regards to the SL placement. For now this is what I'm Rollin' with.

Closed GCHF for a small profit today.

I want to stop and say Thank You! To Everyone that has been following my thread. And a special Thank You to the originators of Forex Factory.

I have been a public member of FF since Feb 4 2008 and Forex Factory has been my primary source of interest for currency trading.

Dan

p.s. Comments on this thread from optimistic and constructive FF members are encouraged !:-)

I've decided to eliminate risk to my account.:nerd:

I closed my most recent AU trade for a small gain.

I have also brought up the SL for AU so that at worst I will recieve a very small profit. The same has been done to my AJ trade. :nerd:

I mean what would you do???

I'm gonna hold!!! I have a nice position Way down low!!!

I've added AUDCAD to my position. 0.01 lots @ 0.9311

Currently collecting around $0.32 swap/day