Miguel's "Hocus Pocus" journal | Forex Factory

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Miguel's "Hocus Pocus" journal

  • #1
  • First Post: Aug 25, 2007 2:04pm Aug 25, 2007 2:04pm
I am testing a intraday system with a friend based on Price action and "Hocus Pocus"
I'm going to post my trades here next week, before the action of course.
  • #2
  • Aug 27, 2007 12:53am Aug 27, 2007 12:53am
Entry Short: @1.3671
Stop : @1.3686 (+15 PIPS)
Target : @1.3631 (+37 PIPS R/R 2,3:1)
Breakeven Rule :Move after stop covered (+15 PIPS)
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  • #3
  • Aug 27, 2007 2:01am Aug 27, 2007 2:01am
Update: At break per Breakeven rule
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  • #4
  • Aug 27, 2007 2:37pm Aug 27, 2007 2:37pm
Ok, since the day is ending and this is intraday i have closed my position with +27 pips. This represents a gain of 1,78% on the account.
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  • #5
  • Aug 29, 2007 3:37am Aug 29, 2007 3:37am
Entry Short: @1.2026
Stop : @1.2041 (+15 PIPS)
Target : @1.1978 (+48 PIPS R/R 3:1)
Breakeven Rule :Move after stop covered (+15 PIPS)
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  • #6
  • Aug 29, 2007 5:13am Aug 29, 2007 5:13am
Update: At break per Breakeven rule
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  • #7
  • Aug 29, 2007 10:36am Aug 29, 2007 10:36am
End of trading day. Result +40 pips. This represents a gain of 2,7% on the account.
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  • #8
  • Aug 30, 2007 4:15am Aug 30, 2007 4:15am
Entry Short: @1.4492
Stop : @1.4411 (+19 PIPS)
Target : @1.4435 (+57 PIPS R/R 3:1)
Breakeven Rule :Move after stop covered (+19 PIPS)
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  • #9
  • Aug 30, 2007 4:31am Aug 30, 2007 4:31am
Update: At break per Breakeven rule. This was fast.
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  • #10
  • Aug 30, 2007 5:38am Aug 30, 2007 5:38am
Well being up +41 pips and then get stoped at breakeven when you are so close to the target sucks big time, but that's part of the game...
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  • #11
  • Aug 30, 2007 6:52am Aug 30, 2007 6:52am
I dont know if you want input or not, but have you looked at fib retracement levels, TD trendlines as a stop loss system?
It looks like you are doing ok so I hope it works out for you.

cheers Go Getter
Go Getter When Trading Its All About "WHO YOU ARE BEING"
  • #12
  • Last Post: Aug 30, 2007 9:22am Aug 30, 2007 9:22am
Good inputs are always welcome sure. To answer your question yes i use trendlines, moving averages and range to set my stops. Looking at the charts again i see that the stop at breakeven was "bad luck". Look at the price of Eur/Cad at the moment. At least the analysis of direction were correct...
Thanks for your post.
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