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Art's REAL life Fozzy adventure

  • #141
  • May 7, 2007 6:34am May 7, 2007 6:34am
Quoting Artamon
AUDNZD
TP1 hit @ 1.1143 (+34)
SL moved to BE
Trailing stop hit @ 1.1177 (0)

Cheers,
Art...
  • #142
  • May 8, 2007 2:36am May 8, 2007 2:36am
G'day all,

The following trades were taken today:

8/5/07 - AUDJPY Long @ 99.12; SL @ 98.65; TP1 @ 99.52; TP2 @ 100.42
8/5/07 - AUDUSD Long @ 0.8252; SL @ 0.8212; TP1 @ 0.8282; TP2 @ 0.8382

Also, a short trade in EURAUD was also triggered but I wasn't comfortable with it so I let it slide. Entry price was around 1.6480 (currently at 1.6395 ).

You win some...you miss some.

Cheers,
Art...
  • #143
  • May 8, 2007 2:37am May 8, 2007 2:37am
Quoting Artamon
7/5/07 - USDJPY Short @ 120.10; SL @ 120.51; TP1 @ 119.75; TP2 @ 119.15
TP1 hit @ 120.51 (+41)
SL moved to BE

Cheers,
Art...
  • #144
  • May 8, 2007 2:39am May 8, 2007 2:39am
Quoting Artamon
8/5/07 - AUDJPY Long @ 99.12; SL @ 98.65; TP1 @ 99.52; TP2 @ 100.42
TP1 hit @ 99.53 (+41)
SL moved to BE

Quote
8/5/07 - AUDUSD Long @ 0.8252; SL @ 0.8212; TP1 @ 0.8282; TP2 @ 0.8382
TP1 hit @ 0.8282 (+30)
SL moved to BE

Cheers,
Art...
  • #145
  • May 8, 2007 6:34am May 8, 2007 6:34am
Quoting Artamon
3/5/07 - EURJPY Long @ 163.39; SL @ 162.76; TP1 @ 163.79; TP2 @ 164.69
SL hit @ 162.76 (-63)

Cheers,
Art...
  • #146
  • May 8, 2007 6:37am May 8, 2007 6:37am
Quoting Artamon
AUDJPY
TP1 hit @ 99.53 (+41)
SL moved to BE
Trailing stop hit at 99.12 (0)

Cheers,
Art...
  • #147
  • May 8, 2007 3:27pm May 8, 2007 3:27pm
you are doing good..have you start recovering those early losses?

Quoting Artamon
Trailing stop hit at 99.12 (0)

Cheers,
Art...
  • #148
  • May 9, 2007 1:31am May 9, 2007 1:31am
G'day all,

The following trade was taken today:

9/5/07 - AUDCAD Long @ 0.9146; SL @ 0.9096; TP1 @ 0.9176; TP2 @ 0.9236

Cheers,
Art...
  • #149
  • Edited 2:20am May 9, 2007 1:35am | Edited 2:20am
Quoting Artamon
9/5/07 - AUDCAD Long @ 0.9146; SL @ 0.9096; TP1 @ 0.9176; TP2 @ 0.9236
Manually closed both lots @ 0.9166 (+20)

I'm not sure exactly why I did this, but it was +30 and slowly dropping and I feared a retrace may take out my SL. +20 is better than SL hit, i thought. Of course I'm right, but it's worrying me that unlike other times I didn't just leave it do it's thing...:surprised

Cheers,
Art...
  • #150
  • May 11, 2007 2:32am May 11, 2007 2:32am
G'day all,

The following trade was taken yesterday:

10/5/07 - GBPUSD Long @ 1.9934; SL @ 1.9873; TP @ 2.0063

The following trades were taken today:

11/5/07 - USDJPY Short @ 119.88; SL @ 120.27; TP1 @ 119.53; TP2 @ 118.93
11/5/07 - EURCAD Long @ 1.4989; SL @ 1.4928; TP @ 1.5019

Cheers,
Art...
  • #151
  • Edited 4:58am May 11, 2007 2:34am | Edited 4:58am
Quoting Artamon
10/5/07 - GBPUSD Long @ 1.9934; SL @ 1.9873; TP @ 2.0063
SL hit @ 1.9873 (-61). Seems I also got caught on the wrong side of the news.

Cheers,
Art...
  • #152
  • May 11, 2007 4:58am May 11, 2007 4:58am
Quoting Artamon
11/5/07 - USDJPY Short @ 119.88; SL @ 120.27; TP1 @ 119.53; TP2 @ 118.93
TP1 hit @ 119.52 (+36)

Cheers,
Art...
  • #153
  • May 11, 2007 5:49am May 11, 2007 5:49am
Quoting Artamon
USDJPY
TP1 hit @ 119.52 (+36)
Trailing stop hit @ 119.88 (0)

Cheers,
Art...
  • #154
  • May 11, 2007 6:53am May 11, 2007 6:53am
Quoting Artamon
11/5/07 - EURCAD Long @ 1.4989; SL @ 1.4928; TP @ 1.5019
TP hit @ 1.5019 and both lots exited (+30)

Cheers,
Art...
  • #155
  • May 17, 2007 12:49pm May 17, 2007 12:49pm
art, whats happening with the silence
  • #156
  • May 17, 2007 6:44pm May 17, 2007 6:44pm
G'day Cool,

Quoting coolshades
art, whats happening with the silence
I have so much going on that it's getting harder to do daily updates. For this reason, I will only post a summary of my weekly trades.

Also, I'm going to try something a little different from this current week onwards. I will no longer exit partial positions. Too often I fail to get the maximum benefit from a trade that moves in my favour, only to retrace. Unfortunately, this means that my RRR will be on the low side, at best 1:1. This is not ideal at all. However, I will test it and see how it eventuates.

I know this goes against the whole "let the profits run" philosophy, but until I can mentally sustain larger SL's, the only thing running will be me when I bag a small profit!

This week has been an OK week thus far:

14/5/07 - EURUSD Long @ 1.3541; SL @ 1.3502; TP @ 1.3581
Result: TP hit @ 1.3581 (+40)
15/5/07 - USDCAD Short @ 1.1062; SL @ 1.1095; TP @ 1.1042
Result: TP hit @ 1.1042 (+20)
15/5/07 - CHFJPY Long @ 98.86; SL @ 98.50; TP @ 99.06
Result: TP hit @ 99.06 (+20)
15/5/07 - AUDNZD Short @ 1.1284; SL @ 1.1320; TP @ 1.1244
Result: Trade was moved to BE @ +30 then exited, for unknown reasons. Checking the hourly charts I see my SL moved to BE but thereafter 1.1284 was never breached. I have taken this up with IBFX as I believe an error was made.
17/5/07 - USDJPY Long @ 120.81; SL @ 120.50; TP @ 121.21
Result: I watched this trade go +ve then -ve then +ve again and chose to exit @ 121.10 (+29)

In amongst all these there were quite a few trades I didn't take as I didn't like their "upside" potential. On some I was correct and on a couple I was not. That's the nature of this business.

Cheers,
Art...

P.S. Thinking a little bit more on how to not have a "sucky" RRR, I may employ the same strategy used to calculate the SL, ie. ATR based TP.
  • #157
  • May 18, 2007 10:30pm May 18, 2007 10:30pm
G'day all,

My performance with the Fozzy system can be seen below. Figures are from mid-March until now. Due to my exhuberance, I suffered a couple of "biggish" losses early while trading bigger lots than I should have, considering my account size. Consequently, those initial few losses "helped" me reach my MaxDD figure rather quickly. But I've slowly recovered from then to get back almost 50% of that. And that's one BIG lesson I've learnt - slow and steady wins the race. It's not about getting there quick...it's about getting there!

Another equally important lesson is...nothing beats banking pips and moving your SL to BE as quick as the trade allows.

Simple, right? Oh, for sure. We all know what we need to do. So then why do only 5% do it consistently?

Counting the BE trades as winners, my trading mirrors the forward testing figures of a 65% win rate. The RRR is the key. At this time, I'll going 1:1 until my confidence builds a little. It's just so hard to watch a 40+ pip move in your favour retrace and get you out at BE.

# Winning trades: 50
# Losing trades: 27
# BE trades: 11
Acct Increase (%): -6.88%
MaxDD (%): -11.36%

Cheers,
Art...
  • #158
  • May 19, 2007 8:05am May 19, 2007 8:05am
art,

good show.

this is since march?



Quoting Artamon
G'day all,

My performance with the Fozzy system can be seen below. Figures are from mid-March until now. Due to my exhuberance, I suffered a couple of "biggish" losses early while trading bigger lots than I should have, considering my account size. Consequently, those initial few losses "helped" me reach my MaxDD figure rather quickly. But I've slowly recovered from then to get back almost 50% of that. And that's one BIG lesson I've learnt - slow and steady wins the race. It's not about getting there quick...it's about getting there!

Another equally important lesson is...nothing beats banking pips and moving your SL to BE as quick as the trade allows.

Simple, right? Oh, for sure. We all know what we need to do. So then why do only 5% do it consistently?

Counting the BE trades as winners, my trading mirrors the forward testing figures of a 65% win rate. The RRR is the key. At this time, I'll going 1:1 until my confidence builds a little. It's just so hard to watch a 40+ pip move in your favour retrace and get you out at BE.

# Winning trades: 50
# Losing trades: 27
# BE trades: 11
Acct Increase (%): -6.88%
MaxDD (%): -11.36%

Cheers,
Art...
  • #159
  • May 20, 2007 7:56am May 20, 2007 7:56am
Quoting coolshades
art,
good show.
this is since march?
Yep. March 16, to be exact.

Cheers,
Art...
  • #160
  • May 23, 2007 2:12pm May 23, 2007 2:12pm
Hi Artamon,

So in spite of 65% winning trades, your account balance went down by 6% or am I missing something.

Thanks for posting your results.

TradeStar

Quoting Artamon
G'day all,

My performance with the Fozzy system can be seen below. Figures are from mid-March until now. Due to my exhuberance, I suffered a couple of "biggish" losses early while trading bigger lots than I should have, considering my account size. Consequently, those initial few losses "helped" me reach my MaxDD figure rather quickly. But I've slowly recovered from then to get back almost 50% of that. And that's one BIG lesson I've learnt - slow and steady wins the race. It's not about getting there quick...it's about getting there!

Another equally important lesson is...nothing beats banking pips and moving your SL to BE as quick as the trade allows.

Simple, right? Oh, for sure. We all know what we need to do. So then why do only 5% do it consistently?

Counting the BE trades as winners, my trading mirrors the forward testing figures of a 65% win rate. The RRR is the key. At this time, I'll going 1:1 until my confidence builds a little. It's just so hard to watch a 40+ pip move in your favour retrace and get you out at BE.

# Winning trades: 50
# Losing trades: 27
# BE trades: 11
Acct Increase (%): -6.88%
MaxDD (%): -11.36%

Cheers,
Art...
Haste not to Enter AND Haste not to Exit !-TradeStar
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