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Highway to Hell

  • #1
  • First Post: Jun 5, 2007 3:55am Jun 5, 2007 3:55am
This will be my trading journal from now on. I decided to start writing down my trades, ideas and things to focus on, as I strongly believe, like many other people here, that having a trade journal is an important part of being disciplined, which is the key to forex success.
I will focus mainly on taking trades on the Daily and 4 h charts, as I belive these are the most profitable ones, once you master them well enough. II will go for some intra-day trades as well, if I see some opportunities arising. The strategies I will focus on are Daily and 4 h Fozzy, Tkimble's Daily Scalping and the River method for intraday.
As I beginned using them quite recently, I will still be struggling with losses, but I really hope that in a few months my account will definitely be in green.
We leave no soldier behind.
  • #2
  • Jun 5, 2007 4:03am Jun 5, 2007 4:03am
Open Trades:

GY long at 242.88, stop 242.48. currently -24.
USD/CAD short 1.0550/1.0600. currently -26.
EU long 1.3491/1.3420. Currently +20.

Closed trades:
GU - entered long at 1.9920. closed long at +5 coz I was afraid of a retracement after yesterday strong move. However, I missed 20 more possible pips.

UY broke an uptrend line yesterday, today it tested it 2 times and now seems to be heading down. Also if GU will begin to retrace strongly, my GY long will surely be a loser. Will be looking for some dips to buy.
We leave no soldier behind.
  • #3
  • Jun 5, 2007 4:18am Jun 5, 2007 4:18am
Waiting for EU to take the 1.3520 high in order to be strongly bullish. On the daily, it broke the downtrend line, and it looks quite bullish for me after retracing at the 50 Fib at 1.3384.

GU - on the 4h Fozzy, seems to be getting ready for a down crossover, indicating a retracement. Like the EU, looks pretty bullish on the Daily, after breaking trendline 2days ago and bouncing off the 50 Fib.

GY - looks to be in OB territory and getting ready to head down on the 4h Fozzy. A GU and UY downmove will help this realize.

UY - on 4H Fozzy looks like it will make a bullish cross. I will check it again in 4h time. However, breaking the uptrend line puts this bullish setup under question, while also on the daily it looks more prone for a retracement.

USD/CAD - my short seems in jeopardy, as on the 4 H Fozzy there is now sign of downmove yet. Seems to be pretty well consolidating below 1.0600 seems yesterday.

AUD/JPY - made a bullish cross on 4h Fozzy, however, this uptrend seems over extended. Will be looking to enter long on a retracement.
We leave no soldier behind.
  • #4
  • Edited 1:11pm Jun 5, 2007 12:38pm | Edited 1:11pm
Quoting gagiul
Open Trades:

GY long at 242.88, stop 242.48. currently -24.
USD/CAD short 1.0550/1.0600. currently -26.
EU long 1.3491/1.3420. Currently +20.

Closed trades:
GU - entered long at 1.9920. closed long at +5 coz I was afraid of a retracement after yesterday strong move. However, I missed 20 more possible pips.

UY broke an uptrend line yesterday, today it tested it 2 times and now seems to be heading down. Also if GU will begin to retrace strongly, my GY long will surely be a loser. Will be looking for some dips to buy.
GY closed at -40. USD/CAD closed at - 50. EU closed at +30.

Also, during the crazy G8 session, sold GY at 242.10 and got out at 241.50, for +60. So for today Im at BE until now.

New trades:
Sell EUR/USD 1.3524, stop 1.3558.
Sell GBP/USD 1.9935, stop 1.9970.
Buy USD/CAD 1.0616, stop 1.0550.
Buy GBP/JPY 241.80, stop 241.20.
Buy EUR/JPY 164.06, stop 163.50
We leave no soldier behind.
  • #5
  • Jun 5, 2007 12:50pm Jun 5, 2007 12:50pm
Curious thread name, catched my attention. I am here to wish you all the best in the journey! Hope you don't need to use the high factor heat cream along the way.
  • #6
  • Jun 5, 2007 1:14pm Jun 5, 2007 1:14pm
Quoting Miguel
Curious thread name, catched my attention. I am here to wish you all the best in the journey! Hope you don't need to use the high factor heat cream along the way.
Hehe, thanx Miguel. Well, instead of calling it Highway to paradise, which would be too common for a forex trader, thought to call it differently. I will probably change the name once I will be able to use my profits for a trip to Hawaii or wherever.
We leave no soldier behind.
  • #7
  • Jun 5, 2007 11:32pm Jun 5, 2007 11:32pm
Quoting gagiul
New trades:
Sell EUR/USD 1.3524, stop 1.3558.
Sell GBP/USD 1.9935, stop 1.9970.
Buy USD/CAD 1.0616, stop 1.0550.
Buy GBP/JPY 241.80, stop 241.20.
Buy EUR/JPY 164.06, stop 163.50
EUR/USD currently at -2
GBP/USD currently at -19
GBP/JPY currently at +30
EUR/JPY currently at +2. Moved stop at 163.80
Exited USD/CAD at 1.0580 for -34.
AUD/JPY long at 101.78, exited at 102.17 after AUD news, for +32.
Net profit: -2

New trades:
Sell USD/CAD 1.0584 stop 1.0630
Sell EUR/CAD 1.4320 stop 1.4360
Buy GBP/CHF 2.4294 stop 2.4235
Buy USD/JPY 121.30 stop 121.05
We leave no soldier behind.
  • #8
  • Jun 6, 2007 6:27am Jun 6, 2007 6:27am
AUD/JPY long at 101.78, exited at 102.17 after AUD news, for +32.
Net profit: -2

Buy USD/JPY 121.30 stop 121.05[/quote]

Update:
EUR/USD at +3.
GBP/USD at +6.
Exited GBP/JPY long at BE. Currently short at 241.50, stop 242.30.
Exited EUR/JPY long at 163.80. -26 Currently short at 163.80, stop 164.20
Exited USD/CAD short at -46.
Exited EUR/CAD short at -40.
Exited GBP/CHF long at -60.
Exited USD/JPY at -25.

Net loss: -173 pips.
We leave no soldier behind.
  • #9
  • Jun 21, 2007 7:10pm Jun 21, 2007 7:10pm

Today trades:

EUR/USD short order at 1.3365
GBP/USD looks bullish after breaking the last downtrend line. I look to enter at around 1.9850.
GBP/JPY Long at 246.20.
EUR/JPY look to short on Monday if today is bearish.
USD/CAD look to long on Monday if it keeps above 1.0700

We leave no soldier behind.
  • #10
  • Jun 21, 2007 10:48pm Jun 21, 2007 10:48pm
Best of luck gagiul
Trade what you see, not what you think.
  • #11
  • Jun 22, 2007 1:35pm Jun 22, 2007 1:35pm
Quoting karmostaji
Best of luck gagiul
Thanx a lot, a lot of luck to ur trading too, been following your trades as well these days.

Was quite lazy to post my trades here this week, I've been busy trading the only pair which actually made me happy: GY. Although I got a lot more from it, I will just post the last trade presented here, which I closed tonite at 247.80.

Closed trades:
GY from 246.20 at 247.80 - 160 pips profit.
GU sold at 1.9910 - 40 pips loss.
CHF/JPY long 99.80 - 100.70 exit for 90 pips profit

Still Open:
GU long at 1.9950. Stop at BE now.
EUR AUD long at 1.5840. Stop at BE now.

Total for today: 210 pips profit.
We leave no soldier behind.
  • #12
  • Jul 3, 2007 1:57am Jul 3, 2007 1:57am
Well, I hope at least from this month I will be serious enough to keep posting my trades, my results and my own thoughts and mistakes every day.

Here we go:

Closed Trades:
AUD/JPY short early exit due to the bad Aussie news - however, the pair rallied back to my entry point in a few hours after. Lesson learned. Dont get scared when you are on -50, just stay with your initial stop.
GBP/JPY short closed for -40 due to the heavy buying at the opening of London. As in the recent days, the move in the beginning of London sets the trend for the day, at least until London close.

Open Trades:

Shorts:
Eur/Cad 1.4370, SL 1.4450

Longs:
Usd/Jpy 122.44/121.60
Eur/Jpy 166.79/166
Eur/Jpy 167.10/166.10
GBP/JPY, 247.26, SL. 246.30
AUD/CAD 0.9080/0.9000
GBP/CHF, 2.4440/2.4380
GBP/USD, 2.0190/2.0090
We leave no soldier behind.
  • #13
  • Jul 5, 2007 5:11am Jul 5, 2007 5:11am
Quoting gagiul
Well, I hope at least from this month I will be serious enough to keep posting my trades, my results and my own thoughts and mistakes every day.

Here we go:

Closed Trades:
AUD/JPY short early exit due to the bad Aussie news - however, the pair rallied back to my entry point in a few hours after. Lesson learned. Dont get scared when you are on -50, just stay with your initial stop.
GBP/JPY short closed for -40 due to the heavy buying at the opening of London. As in the recent days, the move in the beginning of London sets the trend for the day, at least until London close.

Open Trades:

Shorts:
Eur/Cad 1.4370, SL 1.4450

Longs:
Usd/Jpy 122.44/121.60
Eur/Jpy 166.79/166
Eur/Jpy 167.10/166.10
GBP/JPY, 247.26, SL. 246.30
AUD/CAD 0.9080/0.9000
GBP/CHF, 2.4440/2.4380
GBP/USD, 2.0190/2.0090
Update:
EUR/CAD stopped out for -80.
GBP/CHF, exited at 2.4500 for 60 pips profit.
All the other trades still holding.
Lowered my stop for GY at 246.10

Very curios what will happen tonite.
We leave no soldier behind.
  • #14
  • Jul 9, 2007 2:50am Jul 9, 2007 2:50am
Closed Trades:
Eur/Jpy long at 166.79 closed at 168.30 for 161 pips Profit.
Aud/Cad -80 pips loss.
Gbp/Usd -100 pips loss.

Current Trades:
-only Yen crosses (these work the best for me)
-Usd/Jpy Long 122.44 stop moved to BE.
-Usd/Jpy Long 123.50 stop 122.70
-Gbp/Jpy long at 247.26, stop moved to BE.
-Gbp/Jpy long at 248, stop 247.00
-Eur/Jpy long at 167.10, stop moved to BE.
We leave no soldier behind.
  • #15
  • Edited 3:44pm Sep 6, 2007 2:06pm | Edited 3:44pm
Open Trades carried from Yesterday:
Sell NU 1 lot 0.6950/0.6980
Sell UY 2 lot 115.27/115.75 TP1 114.26
Sell ECh 2lot 1.6431/1.6484 TP1 1.6380
Sell AY 1 lot 94.64/96.18
Sell ChY 1lot 95.68/96.30
Buy EY 2 lot 157.90/156.90
Buy GY 2 lot 233.48/231.80
Buy GU 2 lot 2.0227/2.0100 TP1 2.0300
Buy EU 1 lot 1.3660/1.3630
Buy EU 1 lot 1.3687/1.3630
Sell EA 2 lot 1.6545/1.6700 TP1 1.6400
Sell GCh 2lot 2.4310/2.4420 TP1 2.4180
Buy UCa 1lot 1.0535/1.0450
We leave no soldier behind.
  • #16
  • Sep 6, 2007 3:44pm Sep 6, 2007 3:44pm
New Trades:
Buy AU 1 lot 0.8292/0.8220
Buy AY 2 lot 95.70/94.30 TP1 97.00
Buy ACa 1lot 0.8733/0.8640
Buy ChY 1lot 96.07/95.30
We leave no soldier behind.
  • #17
  • Sep 9, 2007 1:22am Sep 9, 2007 1:22am
Trades from September 6 Results:
Sell NU 1 lot 0.6950/0.6980
closed at 30+
Sell UY 2 lot 115.27/115.75 TP1 114.26
closed 1 lot at 99+
1 lot open stop at 114.80.
Sell ECh 2lot 1.6431/1.6484 TP1 1.6380
closed 1 lot at 50+
1 lot open stop 1.6420
Sell AY 1 lot 94.64/96.18
open stop at BE.
Sell ChY 1lot 95.68/96.30
closed at -62.
Buy EY 2 lot 157.90/156.90
closed at -200
Buy GY 2 lot 233.48/231.80
closed at -340
Buy GU 2 lot 2.0227/2.0100 TP1 2.0300
closed 1 lot at 70+
1 lot open stop 2.0199
Buy EU 1 lot 1.3660/1.3630
closed at +70
Buy EU 1 lot 1.3687/1.3630
stop at 1.3695
Sell EA 2 lot 1.6545/1.6700 TP1 1.6400
closed at -300
Sell GCh 2lot 2.4310/2.4420 TP1 2.4180
closed 1 lot at +130
1 lot open stop 2.4260
Buy UCa 1lot 1.0535/1.0450
no change
P/L for September 6: -450
We leave no soldier behind.
  • #18
  • Sep 9, 2007 1:26am Sep 9, 2007 1:26am
Trades opened on Friday 7:
Buy AU 1 lot 0.8292/0.8220
no change
Buy AY 2 lot 95.70/94.30 TP1 97.00
closed both at at -180 (due to the post NFP fall)
Buy ACa 1lot 0.8733/0.8640
no change
Buy ChY 1lot 96.07/95.30[/quote]
closed at -30 (due to the post NFP fall)

P/L for September 7: -210
We leave no soldier behind.
  • #19
  • Sep 9, 2007 1:36am Sep 9, 2007 1:36am
Trades opened on Friday 7 post NFP:
Sell GY 3 lot 231.70/232.65 (break of the support at 231.90)
Sell EY 3 lot 156.90/157.70 (break of the support at 156.90)
Sell AY 1 lot 93.61/95.00
Sell GY 1 lot 229.90/232.50
Sell EY 1 lot 156.20/157.50
Sell ChY 1lot 95.40/96.30
Sell NU 1 lot 0.6900/0.6960
Buy AU 1 lot 0.8250/0.8200
We leave no soldier behind.
  • #20
  • Edited 6:13pm Sep 9, 2007 5:56pm | Edited 6:13pm
Trades for Monday September 10:

1. carry over of trades opened on Thu and Fri last week

Sell UY 1 lot left 115.27/115.75 stop moved at 113.80
Sell ECh 1 lot left 1.6431/1.6484 stop moved at 1.6400
Sell AY 1 lot 94.64/96.18 close at 130+
Buy GU 1 lot left 2.0227/2.0100 stop moved at BE
Buy EU 1 lot 1.3687/1.3630 stop moved at 1.3695
Sell GCh 1 lot left 2.4310/2.4420 stop moved at 2.4230
Buy UCa 1lot 1.0535/1.0450 no change
Buy AU 1 lot 0.8292/0.8220 no change
Buy ACa 1lot 0.8733/0.8640 no change
Sell GY 3 lot 231.70/232.65
closed 2 lots for 540+
1 lot stop moved to 230.60
Sell EY 3 lot 156.90/157.70
closed 2 lots for 260+
1 lot stop moved to 156.50stop moved to 94.50
Sell GY 1 lot 229.90/232.50 stop moved to 230.60
Sell EY 1 lot 156.20/157.50 stop moved to 156.70
Sell ChY 2lot 95.40/96.30 no change
Sell NU 2 lot 0.6900/0.6960 no change
Buy AU 1 lot 0.8250/0.8200 no change

New Trades:
Buy EA 1 lots 1.6690/1.6550

P/L for Monday (until now): +930
We leave no soldier behind.
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