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Eyes Wide Open

Nov 13, 2025
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  • #1
  • First Post: Edited Jan 4, 2024 12:31am Jan 3, 2024 2:28am | Edited Jan 4, 2024 12:31am
Eyes Wide Open, Are they ? Trading Journal
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What a great conjunction of things that sometimes happen in life. A new year begins bringing with it a new trading technique and philosophy that I think should push me to another level in trading.

Still nothing that deserves a lot of talk until this proves to be consistently profitable so let’s stop the talk and begin the walk.

Trading Style:
Swing trading with trades lasting from 1 to 15 days

System parameters :
Pair traded : EURUSD
Main time frame : 4 hours, detail time frame : 1 hour
Proprietary trend following system triggered by momentum and own techniques for change of character detection.

Risk Parameters :
Initial : 20% of capital at risk on every trade over 30 pips.
Initial risk will be lowered when some capital targets are reached.
Reward observed in back testing : Variable from 1 to 10 times the risk.
Win Ratio observed in back testing : around 80%

System Version : MS-10.7 (update of Jan 03, 2024)
Simplicity is the Ultimate Sophistication.
  • #2
  • Edited Jan 4, 2024 12:34am Jan 3, 2024 1:35pm | Edited Jan 4, 2024 12:34am
Trade #1 / +190 pips / +3'296 / +155%
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So here comes my first trade of 2024 printing a profit of 155% which is approximately 7,7 times my 20% risk !
Turning my explorer positive for the first time in a year
Crossing the fingers for trade #2 already in place using same risk parameters.


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Simplicity is the Ultimate Sophistication.
  • #3
  • Edited Jan 9, 2024 11:20am Jan 8, 2024 11:31am | Edited Jan 9, 2024 11:20am
Trade #2 / +65 pips / +1'644 / +30% (+1.5 x Risk)
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Second trade comes also with a good profit as I had to micro-manage it and finally enter a lower than anticipated position given the NFP.

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Simplicity is the Ultimate Sophistication.
  • #4
  • Edited 11:21am Jan 9, 2024 10:42am | Edited 11:21am
Trade #3 / +44 pips / +1'532 / +21% (+1 x Risk)
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Less than 24 hours for this one and done with a nice gain.

I'm managing to trade not too badly this small range but I would prefer it to end and have full deployed trends like in trade 1.
Trade #4 is in place for another bounce I think to the high of the range, my entry was not so good and I could do nothing against it except trade a bit less.

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Simplicity is the Ultimate Sophistication.
  • #5
  • Jan 9, 2024 10:54am Jan 9, 2024 10:54am
Quoting broketrader
Trade #3 / +44 pips / +1'532 / +21% (+1 x Risk) ■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■■ Less than 24 hours for this one and done with a nice gain. I'm managing to trade not too badly this small range but I would prefer it to end and have full deployed trends like in trade 1. Trade #4 is in place for another bounce I think to the high of the range,...
Nice call! Hope you don't mind if I will try to copy your trades? Been following you for quite awhile and most of your calls is right on the sweet spot! Keep it up and thank you for sharing your knowledge!
  • #6
  • Jan 9, 2024 11:11am Jan 9, 2024 11:11am
Quoting ChoyFX
{quote} Nice call! Hope you don't mind if I will try to copy your trades? Been following you for quite awhile and most of your calls is right on the sweet spot! Keep it up and thank you for sharing your knowledge!
Hi!
No problem, I don't mind at all, I will do my best to post them as soon as I make them but it won't always be possible, keep that in mind...
Every trade has 30 pips at risk (stop loss), put the risk that you want there...

And don't forget, there will be also losing trades, just be prepared for that
Good luck
Simplicity is the Ultimate Sophistication.
  • #7
  • Jan 9, 2024 11:22am Jan 9, 2024 11:22am
Quoting broketrader
{quote} Hi! No problem, I don't mind at all, I will do my best to post them as soon as I make them but it won't always be possible, keep that in mind... Every trade has 30 pips at risk (stop loss), put the risk that you want there... And don't forget, there will be also losing trades, just be prepared for that Good luck
I understand the risk of losing trades and I'm prepared to accept that. Not all trades will be a winning one. I will keep in mind the 30 pips stop loss. Again thank you for sharing your trades! Hope I will learn from your strategy soon even I know it will take some time (Years probably.) Good luck to both of Us!
  • #8
  • Jan 9, 2024 11:28am Jan 9, 2024 11:28am
Quoting ChoyFX
{quote} I understand the risk of losing trades and I'm prepared to accept that. Not all trades will be a winning one. I will keep in mind the 30 pips stop loss. Again thank you for sharing your trades! Hope I will learn from your strategy soon even I know it will take some time (Years probably.) Good luck to both of Us!
I think that you understand that I can't reveal my strategy, anyway, I'm not yet sure it's profitable over the long term even if I'm optimistic on that side...
It's more than 20 years that I trade and it's just now that I'm (maybe) profitable for the first time but again, not time to say victory yet, let's see...

But even if you don't have my technique, you have my entries and exits, there is one thing you can do which is to reverse engineer it ! Apply all sorts of indicators until you find the ones that more or less matches the trades and work around them... it's feasible but yes it will take time.
Simplicity is the Ultimate Sophistication.
  • #9
  • Last Post: Jan 10, 2024 12:10am Jan 10, 2024 12:10am
Trade #4 Update
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I have cancelled this trade not because of it being wrong but because of my bad entry, waiting newer and better signal to enter again...
Simplicity is the Ultimate Sophistication.
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