Generalz's Trend - Buffett Style!

9/20/07

This is simple. When I find a long term trend, I am going to set it and forget it! When I think the trend is over or think there is a better investment I will get out of the trade! There is no magic to this.

I started this already. Everyone knows the EURUSD is on the way up. Some say 1.4200-1.4300 is possible?? I got in this morning at 1.40403..am plus 28 today..For this thread I will start over..

Buy EURUSD 1.40706

I have not set a SL..it would have to be very large for this kind of trade so for now I am letting it run.

This trend is identified by Reuters, several forex news site, I am not sure I can mention, and Jacko (big fan). I will occasionally update to bump this up to show my progress or lack of..

9/27/07

Up 105 in my frist position...letting it run...

Just added to a another full positon buy at 1.41698

good luck to all..

generalz

Hey

Great to see you starting a journal here! You're off to a pretty good start too

Kind Regards
Steve

7/30

So far so good, both still open....+ 291

9/20
Buy EURUSD @ 1.40706 + 199

9/27
Buy EURUSD @ 1.41698 + 92

I have to manually move my SL, have it set at 40..

good luck to all

generalz

10/1

got stopped out both trades at 1.42220

I might to have to do a little refiguring but am close +210
I am going buy to EURUSD again. Just waiting to a right spot. I don't want to quit on this pair..

+210

New Trades:
AUDUSD Buy @ .89410
EURJYP Buy @ 164.762

10/3

Trades:
AUDUSD Buy @ .89410 remains open
Closed EURJYP Buy @ 164.762 +6

+206

10/4
Added GBPJPY long @ 237.500

generalz

10/5
closed AUDUSD @ 892276 -117
USDCAD @ 99480 - 33
GPBJYP -10


So Far: +46

Have made some entry/exit mistakes. Not waiting long enough for the breakout to occur. Also, took trades too near S/R.

Open Short: EURAUD @ 1.58145
2ND POSITION @ 1.58597

What trading system do you use?

Got Stopped Out: for +300

Short: EURAUD @ 1.58145 + 230
2ND POSITION @ 1.58597 +100
Opened 3rd position @ 1.56635 -30


so far +346

9/20-10/9

Long GBPCHF 2.41552 closed -46
Long USGJYP 1.17411 closed -31
Back in EURAUD 1.56816 still open

lets see what happens!!!

+269

New trades:
ERUCHF long 1.66953
AUDJYP long 1.05461

9/20-10/11

EURAUD 1.56816 -46
AUDJYP 1.05461 -25

+198

Open:
EURCHF long 1.66953
EURJYP Long 1.16606
NZDUSD Long .77250

I am making some mistakes still. Have to minimize discertion. Have kept my losses down, thats good!! If you haven't kept a Journal start one immediately. I was wandering all over the place till I started this. It really helps focus you..

generalz

9/20-10/11

+198

Open:
EURCHF long 1.66953 -4
EURJYP Long 1.16606 open
NZDUSD Long .77250 -80
+114

New
USDJYP long 1.17397
USDCAD short .97637

good luck

generalz

Anyoune still using this method in real trading?