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Attachments: Target Yearly 30-40% - Fib-Ox System Journal!
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Target Yearly 30-40% - Fib-Ox System Journal!

Feb 7, 2013
Last Sync: Feb 7, 2013
Feb 7, 2013
Last Sync: Feb 7, 2013
Feb 7, 2013
Last Sync: Feb 7, 2013
Feb 7, 2013
Last Sync: Feb 7, 2013
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  • Post #1
  • Quote
  • First Post: Edited Jan 9, 2013 9:44am Jan 6, 2013 12:17pm | Edited Jan 9, 2013 9:44am
Hi guys, welcome to my Fib-Ox System's trading journal. Actually I've developed a trading system which has yield 15% in 4 month on a demo account. But unfortunately the demo account was closed due to non activity agreement with the broker. So, Now I'm going to trade with the system with a live account along with a trading journal here in Forex factory for my future use. My target is to make 30-40% Yearly with this account. You valuable comments are highly appreciated.
I've done some trade before to warm myself up and did some loss.. lol

Anyway, From now I'll try to share my trades with you guys, it's not because I want to give signal like a pro, but to be transparent with myself for future investigation on my system.

Last trading day, (Jan 4, 2013) what was a friday, I took a long entry on AUDCHF According to my trading setup.

My system is based on trend. I try to catch the trend and be with it. To my view The pair of AUDCHF is currently trending to north. So, I took a long entry and placed a stop loss below the range. My Risk to reward for this setup is 1:3. Although I'll calculate my actual Risk to reward ratio further after having some history of trades (as some calculation need to be done with historical data).
Attached Image (click to enlarge)
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Moved my SL to BE, waiting for a hit either BE or TP
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Taken a long position on AUDUSD.
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Quoting fxology
Moved my SL to BE, waiting for a hit either BE or TP
Closed at BE..
Quoting fxology
Taken a long position on AUDUSD.
As I've used ATR trailer, it trailed the SL few pips and I got hit up with SL..
It's very painful when a trade hit's SL and then goes to profit... isn't it? But what can be done. System is system... Have to stick with it.

This trade cost me -0.12%

Checking charts for further entry.
Taken long at AUDJPY.. Actually with Fib-Ox system. I take entry after confirming a trend. So, my entry is little bit late. But the RR is pretty high like 1:3. So, I can survive in this market if I found true trend.
25% winning ratio is good enough for me to be at breakeven..
Attached Image (click to enlarge)
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aud/jpy is gonna drop hard by tommorow
Quoting PoundTrader
aud/jpy is gonna drop hard by tommorow
May I know what is the logic behind this? Actually I'm following only technical as I have zero knowledge over fundis
Got an idea... I wanna start trading with multiple time frame and will try to catch different swing in different time frame and will use 1:1.5 RR on every trade. So, my breakeven will be at 40% winning ratio. By doing this I'll be able to catch more swings.. What do you think about this trading plan?
Quoting fxology
Taken long at AUDJPY.. Actually with Fib-Ox system. I take entry after confirming a trend. So, my entry is little bit late. But the RR is pretty high like 1:3. So, I can survive in this market if I found true trend.
25% winning ratio is good enough for me to be at breakeven..
Modified trading style a little bit.. Now will be taking multiple orders on multiple timeframe and will be using 1:1.5 RR on every trades... So, moved my TP to 1:1.5 area.
Quoting fxology
May I know what is the logic behind this? Actually I'm following only technical as I have zero knowledge over fundis
MY BAD, i can see it going up to 93.83
TP hit... AUDJPY..
Open trades right now..

GBPAUD: Moved SL to BE

GBPNZD: Entry was triggered as the price hit my pending order.

EURUSD: Late entry, entered manually last day.
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EURUSD Short was closed and 2 new entry was triggered. Long EURUSD and Short USDCHF.. Although this pair has almost 95% negative correlation..
Attached Images (click to enlarge)
Click to Enlarge Name: eurusd.jpg Size: 80 KB Click to Enlarge Name: usdchf.jpg Size: 74 KB
Quoting PoundTrader
MY BAD, i can see it going up to 93.83
Quoting PoundTrader
Bro, you didn't told me what was the analysis behind that?
  • Post #18
  • Quote
  • Last Post: Jan 10, 2013 5:47pm Jan 10, 2013 5:47pm
Quoting fxology
EURUSD Short was closed and 2 new entry was triggered. Long EURUSD and Short USDCHF.. Although this pair has almost 95% negative correlation..
This two position made my day...
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