cannarek's student

hello everybody,

i decided to start this journal as a kind of huge 'thank you' to one of the trader from this very forum cannarek is the one who helped me start the correct path.

in general i trade using cannarek's method only (i tried my own improvements but it was useless). i use technical analysis + bollinger bands + volume analysis + supply/demand areas

SCREENS with trades examples can be seen in this thread and on the blog.

cannarek's blog: www.cannarek.com

RESULTS:
starting from 2011.11 results are in % only. see details about position managing below.

2011.04 +1360 pips (+13.6%)
2011.05 -340 pips (-3.4%)
2011.06 +1300 pips (+13%)
2011.07 -1000 pips (-10%)
2011.08 -1300 pips (-13%)
2011.09 +250 pips (+2.5%)
2011.10 +650 pips (+6.5%)
2011.11 +39%
2011.12 +11.75%
2012.01 +2.7%
2012.02 +4.5%
2012.03 +7.3%
2012.04 +4.5%
2012.05 -0.75%
2012.06 no trades closed
2012.07 +1%
2012.08 +1.3%
2012.09 +6.5%
2012.10 +5.7%
2012.11 0% (no trades closed)
2012.12 +3.5%
2013.01 +11.5%
2013.02 0% (no trades closed)
2013.03 +4.2%
2013.04 -0.5%
2013.05 +7%

Here are the rules for position managing:
1. every trade is clearly described
2. full position means SL = -3%
3. 1/2 position means SL = -1.5%
4. and 1/4 position means SL = -0.75%
5. I always write also entry and SL levels - it is your task to calculate proper position accordingly to your balance.

If you need any help just write me. any questions are welcome as well. good trading!

Glad that you willing to start off this thread.
I'm the first reply.
I am following this blog but i didn't subscrib with real money.
I am still haven got stable profit from Forex trading so can't aford to pay.
May i know why cannarek don't continue his blog?

he is just too busy cannarek is involved in quite serious projects with investing (not only forex, real estate also) and legal and tax services.
i think he just started too many things at the same time and was forced to decide which activity pass to somebody else.

but do not worry. i am in touch with him and if you have any questions - i will forward.

usdcad long taken (must be carefull because of strong downtrend)
eurchf short taken (also small size)

audusd short

again be very carefull, the trade is against strong up move

Wow.. Become big boss now..
Well, can you share some of his trading strategy??
Thanks

i am just his follower, nothing more

long usdchf (again very small because against last move)

usdchf close -5 pips

in the morning 2 trades:
eurchf short again
gbpjpy long

i will not be writing all trades which are closed at Sl or TP. i will write here only these trades which are closed by myself (manually)

in the end of every month i will write the result in the first post of this thread.
so far +1500 pips this month or so

i was sick last days so sorry for no posts.
currently i am short usdcad, eurgbp and usdjpy again
long eurchf

as soon as the candle 4h closes above 8778 on usdchf - i will probably be long again. 'lets see' as cannarek always says

next few days i would probably be not able to stay connected to the net. this is why i decided to move usdcad @ be - as you can see today it was not best idea but above all - as cannarek says - it was secure idea

i am still in selling usdjpy and buying eurchf - though the second one needs rethinking.

good luck everyone

ok. short and long closed.
usdjpy with profits
eurchf with a loss
now waiting

currently usdcad short is open and usdchf long is waiting

usdcad SL moved at be

watching eurjpy very closely, if h1 candle is pro-long - i will open long
'lets see and be ready'

long taken

audusd short
very carefully because against the trend

audusd short closed

eurusd long
usdcad TP set