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ShatteredGently's Trading Journal

  • #1
  • First Post: May 20, 2007 3:47pm May 20, 2007 3:47pm
Fozzy Trade:

05/21 (times in GMT+1) Server: Alpari MT4

CHF/JPY Sell 98.65
S/L- 99.00
TP 1 lot- 98.51
TP 1 lot- 98.44
TP 1 lot- 98.26
  • #2
  • May 20, 2007 4:24pm May 20, 2007 4:24pm
Pair Watch List for 5/22 (pairs im watching for a cross)

AUD/USD
EUR/USD
GBP/USD
  • #3
  • May 20, 2007 6:31pm May 20, 2007 6:31pm
Quoting shatteredgently
Pair Watch List for 5/22 (pairs im watching for a cross)

AUD/USD
EUR/USD
GBP/USD
Hi shatteredgently,

Just wanna say thank u for u'r help in Fozzy Thread & Wish u luck with u'r Trading Journal

Happy Trading ...
  • #4
  • May 21, 2007 1:06am May 21, 2007 1:06am
Hi thanks for the journal, but could you please write down on this thread your setup for trade.

Regards

Madog
  • #5
  • May 21, 2007 5:54am May 21, 2007 5:54am
As well as your 'custom indicator', EA and results for 5 years of backtesting.

It's already started..................................

Quoting Madog
Hi thanks for the journal, but could you please write down on this thread your setup for trade.

Regards

Madog
  • #6
  • May 21, 2007 8:10am May 21, 2007 8:10am
Quoting Madog
Hi thanks for the journal, but could you please write down on this thread your setup for trade.

Regards

Madog
Yes! Please explain your SL idea. Thanks!
  • #7
  • May 22, 2007 1:38am May 22, 2007 1:38am
What is the best filter for RSI-MA-cross:
1. BB
2. 30%-70% RSI levels
3. 50% RSI level
?
  • #8
  • May 22, 2007 7:34am May 22, 2007 7:34am
MizZu_X7,
Thank you very much for your kind words. Its always a pleasure to help a fellow trader.

Madog,
Not to sound rude, but if you have not read the entire Fozzy thread you really need to. My setup is the original setup, but without regard for the Bands. Just wait for the signal, and decide whether to take it or not. For example, if its a sell signal below the midline or a buy signal over the midline, its all about discretion and this is solely up to the individual investor. Good luck, let me know if I can be more clear.

aktaurus,
Not to sound rude, again, but check the Fozzy thread for my post in the last few pages. Under each of the results posts, I have several methods I have been trying to get a feel for the best stop loss. Each method is explain right under the method heading.... i.e. Method 1- closing the trade at the closest Vegas level. Check it out, and let me know if I need to clear it up.
I think the best filter is whatever works for you as a trader. Personally, I do not pay any attention to the Bands, and while I pay attention if the trade is within/ over the 30/70 level- to me the most important is the 50 level.

BeachBum,
Thank you for your moral support. And continuing encouragement
  • #9
  • Edited 3:14pm May 22, 2007 7:45am | Edited 3:14pm
5/21 Trade:
CHF/JPY
Closed 3 Lots @ 98.54 +21 PIPS

5/22 Trades:
EUR/GBP Sell 2 lots @ 0.6831
TP 1 - 0.6819
TP 2 - 0.6809


Watch list for today:
GBP/USD
USD/JPY
EUR/CHF
EUR/JPY
EUR/GBP
EUR/CAD
EUR/AUD- Watch closely, near the 50 level


First,
Sorry its taken me so long to post recently. Its just work. Its just going to be a face of life. Secondly, I have decided to post my trades with just 2 profit levels now.
  • #10
  • May 22, 2007 9:16am May 22, 2007 9:16am
Quoting shatteredgently
aktaurus,
Not to sound rude, again, but check the Fozzy thread for my post in the last few pages. Under each of the results posts, I have several methods I have been trying to get a feel for the best stop loss. Each method is explain right under the method heading.... i.e. Method 1- closing the trade at the closest Vegas level. Check it out, and let me know if I need to clear it up.
I think the best filter is whatever works for you as a trader. Personally, I do not pay any attention to the Bands, and while I pay attention if the trade is within/ over the 30/70 level- to me the most important is the 50 level.
Hello again and thank you for your answers!

If you mean this
Quoting shatteredgently
Results...
yes, Ive read it! It's good and I'm trying to use it. But right my question was: is your first SL=0,7ATR(10) and how (whith what rule) do you move it?

Thank you and hope for your answer!
  • #11
  • May 22, 2007 1:54pm May 22, 2007 1:54pm
aktaurus,
My first s/l is 70% of the 10 period ATR. Depending on the currency and its performance I will review the close of the 1400 bar, and decide whether to move the s/l to break even or leave it alone. For me it varies with each currency I trade with, how much interference I let the 1400 bar have in it. I would say a good rule of thumb for a fozzy trade is that if the trade has gone your way and hit your first profit target, I would set the stop loss to break even to ensure you dont end up with a loss.
  • #12
  • May 22, 2007 3:21pm May 22, 2007 3:21pm
5/22 Trades:

EUR/GBP-
1 lot closed @ 0.6819 = +10 PIPS
1 lot closed @ 0.6809 = +20 PIPS


5/23 Trades:

GBP/USD 2 lots
Buy 2 lots @ 1.9748
TP 1 - 1.9823
TP 2 - 1.9820

EUR/CHF 2 lots
Sell 2 lots @ 1.6536
TP 1 - 1.6478
TP 2 - 1.6483

EUR/JPY 2 lots
Sell 2 lots @ 163.46
TP 1 - 162.52
TP 2 - 162.79
  • #13
  • May 23, 2007 9:08am May 23, 2007 9:08am
5/23 Trades:

GBP/USD
Bought 2 lots @ 1.9748
Closed 1 lot @ 1.9823 - + 72 PIPS
Closed 1 lot @ 1.9820 - + 69 PIPS

EUR/CHF
Sold 2 lots @ 1.6536
Closed 2 lots @ B/E - +0

EUR/JPY
Sold 2 lots @ 163.46
Closed 2 lots @ 163.80 - -68 PIPS
------------------------------------
This Week: +124 PIPS (30 of which were EUR/GBP which
carry roughly twice the pip value of normal pairs)
  • #14
  • May 23, 2007 3:14pm May 23, 2007 3:14pm
5/24 Trades

AUD/USD Buy 2 lots @ 0.8229
TP 1 @ 0.8329
TP 2 @ 0.8280

USD/CHF Sell 2 lots @ 1.2274
TP 1 @ 1.2202
TP 2 @ 1.2225

EUR/AUD Sell 2 lots @ 1.6348
TP 1 @ 1.6299
TP 2 @ 1.6268
  • #15
  • May 25, 2007 9:34am May 25, 2007 9:34am
5/24 Trades Closed

AUD/USD
Bought 2 lots @ 0.8239

Closed at 0.8239 -20 PIPS


USD/CHF
Sold 2 lots @ 1.2274

Closed at 1.2265 +10 PIPS


EUR/AUD
Sold 2 lots @ 1.6348

Closed at 1.6353 -10 PIPS

This Week:

+104 PIPS

THOUGHTS: Well, the trades looked good and apparently then uncrossed the next bar. I guess this is what I should expect for trading 2 pairs that I normally do not touch. I guess I didnt follow my own advice and get to know a pair before I trade it. No Big deal. Still a good week overall.
  • #16
  • May 25, 2007 9:46am May 25, 2007 9:46am
05/25 Trades

USD/JPY

Sell 2 lots @ 121.43
TP 1 - 120.37
TP 2 - 121.00
  • #17
  • May 25, 2007 10:23am May 25, 2007 10:23am
sg,,

why did you exit these trades when they reversed .. dont you let the trade run to tp or sl..?

Quoting shatteredgently
5/24 Trades Closed

AUD/USD
Bought 2 lots @ 0.8239

Closed at 0.8239 -20 PIPS


USD/CHF
Sold 2 lots @ 1.2274

Closed at 1.2265 +10 PIPS


EUR/AUD
Sold 2 lots @ 1.6348

Closed at 1.6353 -10 PIPS

This Week:

+104 PIPS

THOUGHTS: Well, the trades looked good and apparently then uncrossed the next bar. I guess this is what I should expect for trading 2 pairs that I normally do not touch. I guess I didnt follow my own advice and get to know a pair before I trade it. No Big deal. Still a good week overall.
  • #18
  • May 25, 2007 10:29am May 25, 2007 10:29am
Not necessarily. I evaluate the trades action prior to the close of the 1400 bar. If I sense that it is going to fail, I will close it as soon as I can. For pairs I am more comfortable with I will let it run. But I would rather close a trade at break even, than lose 2 lots at 60 pips a piece.
  • #19
  • May 25, 2007 10:44am May 25, 2007 10:44am
1400 bar being the close/start of new candle? but those two wld have hit your sl well before the start of new bar wldnt they.. ask because i got stopped out



Quoting shatteredgently
Not necessarily. I evaluate the trades action prior to the close of the 1400 bar. If I sense that it is going to fail, I will close it as soon as I can. For pairs I am more comfortable with I will let it run. But I would rather close a trade at break even, than lose 2 lots at 60 pips a piece.
  • #20
  • May 25, 2007 11:22am May 25, 2007 11:22am
Close of the 1400 hr bar. Unless, I look at it at 1400 and decide wow, this trade looks back. I need to cut my losses. Dont forget different brokers will have different candles based on timezone. I believe mine came within one pip of being stopped out, which was scary. I am still trying to refine this method to my personal style. So there is a lot of discretion still. I have trouble letting the trade go when I see it starting to go bad. I know its not the best exit strategy, but I am still searching for my niche. Ive been messing with Stochs, so maybe it will be better for me than trusting myself.
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