Little and Often Makes Much

Hello all,

Here’s the most recent trade I’ve entered:

USD/CHF SHORT @ 1.2411

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down, 4 hr stoch down, 2 hr stoch down
RSI indicator on the 2hr chart hasn’t crossed its 50 EMA up.
This trade may be a tad late, mostly because of the stochs being so buried on the 4/2hr. It could reverse pretty quickly. I have my 50 pip stop in place just in case.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 2000 EST



OPEN POSISTIONS (Including above trades):

USD/CHF SHORT @ 1.2411


CLOSED POSISTIONS (for week of June 18)

*** NONE ***



(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

USD/JPY SHORT @ 123.38

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down, 4 hr stoch down, 2 hr stoch down
RSI indicator on the 2hr chart HAS crossed its 50 EMA, also down.
I should have entered this trade 2 hours ago, but wasn’t in front of the PC to see it.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at some point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 0600 EST



OPEN POSISTIONS (Including above trades):

USD/CHF SHORT @ 1.2411
USD/JPY SHORT @ 123.38


CLOSED POSISTIONS (for week of June 18)

*** NONE ***



(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)


I initially entered these trades because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down, 4 hr stoch down, 2 hr stoch down
RSI indicator on the 2hr chart HAS crossed its 50 EMA, also down.
I should have entered this trade 2 hours ago, but wasn’t in front of the PC to see it.

I planned on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at some point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. The RSI reversed and crossed its EMA.
2. 8h/4h both turned up.


This trade opened at approximately: 0600 EST June 18th, 2007
This trade closed at approximately: 1200 EST June 18th, 2007
Approximate trade duration: 6 hours

OPEN POSISTIONS (Including above trades):

USD/CHF SHORT @ 1.2411


CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)


This trade was a LOSS and here are my current thoughts:

This one didn’t have the best 8h cross and both 4h and 8h were well about the 76.4 line when it came to the stochs. The trade reversed and this is probably just a whipsaw that I expect would’ve ended profitably if I had stayed in HOWEVER it’s a successful trade because I FOLLOWED MY SYSTEM and DIDN’T MAX OUT MY STOPLOSS (ie use my backup plan). I’ll wait for the 8hh/4h to pull back again before re-opening a short once again.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down, 4 hr stoch down, 2 hr stoch down
RSI indicator on the 2hr chart hasn’t crossed its 50 EMA up.
This trade may be a tad late, mostly because of the stochs being so buried on the 4/2hr. It could reverse pretty quickly. I have my 50 pip stop in place just in case.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. The RSI reversed and crossed its EMA.
2. 8h/4h both turned up.


This trade opened at approximately: 0600 EST June 18th, 2007
This trade closed at approximately: 0700 EST June 19th, 2007
Approximate trade duration: 25 hours (1 day)

OPEN POSISTIONS (Including above trades):

*** NONE ***


CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)



This trade was a LOSS and here are my current thoughts:

I was nervous about this one since both the 4/2hr were so buried to begin with. The 8h gave me hope but didn’t have enough follow thru to really drag this one down before the RSI crossed its EMA signaling the exit. I’d like to see more setups that are coming from the extremes (where 8h/4h/2h are all buried one direction or the other).

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

EUR/CHF SHORT @ 1.6633

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (high on scale), 4 hr stoch down (high on scale), 2 hr stoch down

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 0700 EST, June 19th 2007



OPEN POSISTIONS (Including above trades):

EUR/CHF SHORT @ 1.6633


CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

USD/JPY SHORT @ 123.40

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (high on scale), 4 hr stoch down (high on scale), 2 hr stoch down

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 1200 EST, June 19th 2007



OPEN POSISTIONS (Including above trades):

USD/JPY SHORT @ 123.40
EUR/CHF SHORT @ 1.6633


CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

EUR/JPY SHORT @ 165.56

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (high on scale), 4 hr stoch down (high on scale), 2 hr stoch down

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 1200 EST, June 19th 2007



OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
USD/JPY SHORT @ 123.40
EUR/CHF SHORT @ 1.6633


CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 PIP LOSS)


I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (high on scale), 4 hr stoch down (high on scale), 2 hr stoch down

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. The RSI reversed and crossed its EMA.
2. 8h/4h both turned up.


This trade opened at approximately: 1200 EST, June 19th 2007
This trade closed at approximately: 1200 EST June 20th, 2007
Approximate trade duration: 24 hours (1 day)

OPEN POSISTIONS (Including above trades):

EUR/CHF SHORT @ 1.6633
EUR/JPY SHORT @ 165.56


CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 PIP LOSS)



This trade was a LOSS and here are my current thoughts:

This one had a better 8h cross and even some follow through be still reversed. Looks like the upward trend may still crack, but we aren’t there yet. Perhaps on the next signal it will follow through.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

AUD/USD SHORT @ .8456

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (high on scale though), 4 hr stoch, 2 hr stoch down

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 1200 EST, June 20th 2007



OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
EUR/CHF SHORT @ 1.6633
AUD/USD SHORT @ .8456



CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 PIP LOSS)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

AUD/JPY SHORT @ 104.26
NZD/USD SHORT @ .7598
NZD/JPY SHORT @ 93.86
GPB/JPY SHORT @ 246.14

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (Initial Indicator), 4 hr stoch, 2 hr stoch down ß these both confirmed.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 2000 EST, June 20th 2007



OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
EUR/CHF SHORT @ 1.6633
AUD/USD SHORT @ .8456
AUD/JPY SHORT @ 104.26
NZD/USD SHORT @ .7598
NZD/JPY SHORT @ 93.86
GPB/JPY SHORT @ 246.14




CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 PIP LOSS)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

That's a lot of yen longs there. Are your trades purely technical in nature or do you use a little bit of fundamental analysis as well?

Purely technical. In each of those cases the stochs (8/4/2) were all pointed south.... I feel like I'm doing surgery with an axe right now... I'm getting the job done, but killing the patient... I'm working on find a scapel now so that I can enter/exit a little more elegantly.

Hello all,

Here’s the most recent trade I’ve CLOSED:

AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)



I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (Initial Indicator), 4 hr stoch, 2 hr stoch down ß these both confirmed.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. The RSI reversed and crossed its EMA on the 2hr.


This trade opened at approximately: 2000 EST, June 20th 2007
This trade closed at approximately: 0600 EST, June 21st, 2007
Approximate trade duration: 10 hours

OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
EUR/CHF SHORT @ 1.6633
AUD/JPY SHORT @ 104.26
GPB/JPY SHORT @ 246.14



CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 PIP LOSS)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 PIP LOSS)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 PIP LOSS)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)




This trade was a LOSS and here are my current thoughts:

Another trade that initially was profitable... turned into a loss. I’m *really* looking into using smaller timeframes for a better entry and then taking pip profit as an exit.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (Initial Indicator), 4 hr stoch, 2 hr stoch down ß these both confirmed.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. The RSI reversed and crossed its EMA on the 2hr.


This trade opened at approximately: 0700 EST, June 19th 2007
This trade closed at approximately: 1000 EST, June 21st, 2007
Approximate trade duration: 50 hours (2.1 days)

OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
AUD/JPY SHORT @ 104.26
GPB/JPY SHORT @ 246.14



CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN




This trade was a WIN and here are my current thoughts:

This trade was profitable... but as of yesterday it was 50 pips profitable. With the amount of swap I paid to hold this for 2 days it still cost me money. I’m starting to see a pattern of losing trades because letting the smaller timeframes lead my entries. I see the 8h cross, then check to see if the 4h/2h are in the same direction... if they are, I open the trade.

I’m looking to first seeing the 8h cross... THEN WAITING until the 4/2hr by RECONFIRMING the trend the 8h is suggesting it may take. I think that will keep me out of some really good trades... but the main goal here is to dramatically reduce the amount of premature entries (trades tend to initially go against me pretty quick).

As for exits, I’m still working on that one. The 2hr RSI/EMA cross only works in a strongly trending market. If it ranges I’m just swatted around while I pay swaps for the privilege! J I’m looking to moving back to pip “take profit” goals as they worked very well for me in the past.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (Initial Indicator), 4 hr stoch, 2 hr stoch down ß these both confirmed.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. Stoploss was trigger at 50 pips


This trade opened at approximately: 2000 EST, June 20th 2007
This trade closed at approximately: 1100 EST, June 21st, 2007
Approximate trade duration: 13 hours ( 1/2 day )

OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
GPB/JPY SHORT @ 246.14



CLOSED POSISTIONS (for week of June 11)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN
AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)





This trade was a LOSS and here are my current thoughts:

I’m going to keep the remaining trades open and let the system take me out of them however, I’m not opening new trades using the current rules. It just doesn’t do what I intended it to. I’m for sure switching to letting the 8h cross first, then wait for at least the 4hr to RECONFIRM (meaning, if the 4hr is already down, I’ll wait for a reversal and then another cross in the direction of the 8h – assuming the 8h has maintained its original direction).

It’s an odd feeling to have so many losses and not really be all that upset. I think its because I can’t really blame myself directly. It’s the system that isn’t working... not the trader. The trader is trading the system EXACTLY as it was intended.

This trader just needs to tinker a little bit and develop a better system to trade. J

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve entered:

NZD/USD SHORT @ .7615
NZD/JPY SHORT @ 94.16


I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short

8h stoch cross down...
THEN 4 hour stoch reconfirmed with a cross down 16 hours later.
(See charts for the notations)


I plan on exiting this trade when one of the following happens:

1. 4hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. Take pip profit when price nears 4hr 50EMA.
3. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

If the trade is a win:
I will analyze specifically what went right and look for a similar setup.

If the trade is a loss:
I will analyze specifically what went wrong and take steps to address it before attempting another trade.

If the trade goes sideways:
I will stay in until one of my exit plans (preferably option 1) is triggered. All trades will be closed by the weekend and depending upon the expected news I may close before a news announcement (or at least lock in small profit if possible with moving the stop).

This trade occurred at: 1200 EST, June 20th 2007



OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
GPB/JPY SHORT @ 246.14
NZD/USD SHORT @ .7615
NZD/JPY SHORT @ 94.16


CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN
AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)




(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

GPB/JPY SHORT @ 246.14; CLOSED @ 246.64 (50 pip loss)

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch is down (Initial Indicator), 4 hr stoch, 2 hr stoch down ß these both confirmed.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. Stoploss was trigger at 50 pips


This trade opened at approximately: 2000 EST, June 20th 2007
This trade closed at approximately: 1700 EST, June 21st, 2007
Approximate trade duration: 21 hours

OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
NZD/USD SHORT @ .7615
NZD/JPY SHORT @ 94.16




CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN
AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)
GPB/JPY SHORT @ 246.14; CLOSED @ 246.64 (50 pip loss)





This trade was a LOSS and here are my current thoughts:

I’m so pissed that I have had so many profitable trades that turned and ended up as losses. I used to be happy with just a few pips... now I’m not happy with any amount and I’m getting nothing for it. This trade was another stop loss triggered. This system is horrible. I’m better at this than this system allows. I’m eyeing the recent Kiwi trades to see what happens there but from what I can tell the stochs are not helping me in strongly trending markets.

AT THE SAME TIME, I expect all the trades I currently have open to fail as well and that scares me. Like some how... deep down I’m picking the EXACT trade that I’m expecting will actually occur... like I want the loss.

That’s odd. My only saving grace is that I’m not trading large lot sizes and so this experimentation isn’t devastating my account... that was at least one lesson I learned.

I had this down just a month or so ago and I am not sure what changed... other than the fact that I couldn’t tell you why the trade worked (other than the general stuff – stochs crossed on MTF’s, etc). I started this thread to pinpoint exactly what I was doing RIGHT and all that has happened so far is that EVERYTHING has gone wrong.

Yeah... I’m emotional... and I’m not opening any more trades for the week... though I’ll play out the ones I still have on. I’m SERIOUSLY looking back at what worked for me (taking a literal few pips at a time in profit) and may just rebuild from that standpoint. That worked until the Kiwi incident where I didn’t have a stoploss in place.

NOW I’m armed with a backup plan (stoploss) and if I’m 80% right (which I was during the successful weeks) that would still work. It’s on the drawing board at least.

Not sure how many people take the time to read these, but I wanted to thank you. I’m hoping that you are finding it as useful as I am. Years from now I want to be able to point to this thread and see the trail leading back to where I came from so that others can follow. First things first though... I’ve got to get back to consistent “little and often” profits.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

Hello all,

Here’s the most recent trade I’ve CLOSED:

NZD/JPY SHORT @ 94.16; CLOSED @ 94.56 (38 pip loss)

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch cross down, then 4 hour stoch reconfirmed with a cross down 16 hours later.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. Take pip profit when price nears 4hr 50EMA.
3. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. 4hr reversed and crossed with its RSI above the RSI EMA


This trade opened at approximately: 1200 EST, June 21st, 2007
This trade closed at approximately: 2000 EST, June 21st, 2007
Approximate trade duration: 8 hours

OPEN POSISTIONS (Including above trades):

EUR/JPY SHORT @ 165.56
NZD/USD SHORT @ .7615




CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN
AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)
GPB/JPY SHORT @ 246.14; CLOSED @ 246.64 (50 pip loss)
NZD/JPY SHORT @ 94.16; CLOSED @ 94.56 (38 pip loss)






This trade was a LOSS and here are my current thoughts:

Seriously... this is bordering on the completely absurd. I knew this was a piece of crap trade pretty quickly and yet I don’t know why... it could have just as easily been a good trade... but it would’ve been a pleasant surprise. Again... the trend is demolishing the stochs and they aren’t proving reliable in any way. EVEN if the trade did work, it would be “right place, right time” and can’t be attributed to the system correctly calling it. This is probably what happened last week. When I had the successes paper trading. Go figure... add cash account and everything goes haywire.

I have 2 trades open... this thing is seriously broken and I’m not opening any more trades this week.

For those of you who ARE profitable doing this... I commend you... it’s DAMN TOUGH to be consistently profitable... POSSIBLE... just DAMN TOUGH.

(From left to right: 8HR, 4HR, 2HR, 1HR, 30M, 15M)

do you use risk ratio at all or are you trying to get 10 pips by increasing or decreasing you number of lots per trade??? you seem to be clearly technical but you are technically going against some very strong trends. try buying anything against yen when you get your signals. buy gpbyen euryen nzdyen you can even leave the trade and live off that free interest

Hello all,

Here’s the most recent trade I’ve CLOSED:

EUR/JPY SHORT @ 165.56; CLOSED @ 166.06 (50 pip loss)
NZD/USD SHORT @ .7615; CLOSED @ .7665 (50 pip loss)

I entered this trade because:
EMA’s show “pip room” on both 4h and 8h charts for a short
8h stoch cross down, then 4 hour stoch reconfirmed with a cross down 16 hours later.

I plan on exiting this trade when one of the following happens:

1. 2hr stoch crosses up AND is supported by the RSI crossing its 50 EMA up.
2. Take pip profit when price nears 4hr 50EMA.
3. ONLY as a backup plan I have a FIRM stoploss of 50 pips in place... no trailing stop at this point though I may choose to lock in pips if I’m profitable before a major news announcement.

I actually exited this trade because:
1. Stoploss triggered at 50 pips.


This trade opened at approximately: 1200 EST, June 21st, 2007
This trade closed at approximately: 0500 EST, June 22st, 2007
Approximate trade duration: 17hrs

OPEN POSISTIONS (Including above trades):

*** NONE ***

CLOSED POSISTIONS (for week of June 18)

USD/JPY SHORT @ 123.38; CLOSED @ 123.68 (30 pip loss)
USD/CHF SHORT @ 1.2411; CLOSED @ 1.2418 (8 pip loss)
USD/JPY SHORT @ 123.40; CLOSED @ 123.61 (21 pip loss)
NZD/USD SHORT @ .7598; CLOSED @ .7621 (23 pip loss)
NZD/JPY SHORT @ 93.86; CLOSED @ 94.23 (37 pip loss)
AUD/USD SHORT @ .8456; CLOSED @ .8464 (8 pip loss)
EUR/CHF SHORT @ 1.6633; CLOSED @ 1.6624 à 9 PIP GAIN
AUD/JPY SHORT @ 104.26; CLOSED @ 104.76 (50 pip loss)
GPB/JPY SHORT @ 246.14; CLOSED @ 246.64 (50 pip loss)
NZD/JPY SHORT @ 94.16; CLOSED @ 94.56 (38 pip loss)
EUR/JPY SHORT @ 165.56; CLOSED @ 166.06 (50 pip loss)
NZD/USD SHORT @ .7615; CLOSED @ .7665 (50 pip loss)






This trade was a LOSS and here are my current thoughts:

Ok... is anyone really surprised? After the loss reported right before this one, I just closed the laptop and walked away... I knew these 2 trades would go against me and I just didn’t care anymore. THAT’S a good reason to have a stoploss. Now, both will reverse and make a billion dollars for someone else but that’s life.

I’m VERY APATHETIC right now. I tried playing with the system and tweaking indicators last night and I just couldn’t see anything anymore. I feel like I’m illiterate now, but used to be able to know how to read.

I could read the charts earlier... now... nothing... just mayhem.

I am VERY APPRECIATE of two things.... 1. I used stoploss. 2. I’m not trading with any sort of real leverage. I lost real money... but it’s not a horribly large amount. Still... down 356 pips for the week is a real feat of failure.

There are no charts for this entry.