UncleForex Trading Journal.

This will be the place where I will post my entry for the trades I have done. I will follow up with the progress of the trade from time to time. My trades will have Target Profit (TP) and Stop Loss (SL) .

Every trade I took will require me to open two positions of that pair. This enables me to trade the 1st Target and 2nd Target. Sometimes I will let the 2nd position run higher than the 2nd Target.

Thank you.

This is the trade which I took last Friday.

1. 12 OCT 2007
OPEN GBP/JPY LONG @ 239.00
1st Target = 240.00
2nd Target = 240.70
Stop Loss = 238.30

Currently +85pips

Hit 1st Target @ 240.00 (+100pips)

Signal 1, Moved SL to 239.00 ( this guarantees 0pips)
Currently 2nd lot = +105pips.

Signal 1, Moved SL to 239.50 ( this guarantees 50pips)
Currently 2nd lot = +150pips

Signal 1. Closed 2nd lot at 240.20 for +120pips.

Total Pips for this trade +100pips (1st lot), +120pips (2nd lot)

Total: +240pips.

This is the latest trade I took today at London's opening.

2. 15 Oct 2007
OPEN EUR/JPY LONG @ 167.20
1st Target = 167.80
2nd Target = 168.50
Stop Loss = 166.70

Signal 2, Moved SL to 166.90 ( this guarantees -30pips)
Currently 1st and 2nd lot = +30pips each.

Signal 2. Closed 1st and 2nd lot at 167.40 for +20pips each.

Total Pips for this trade +20pips (1st lot), +20pips (2nd lot)

Total +40pips.

3. 15 OCT 2007
OPEN GBP/USD LONG @ 2.0360
1st Target = 2.0420
2nd Target = 2.0500
Stop Loss = 2.0310

Hit 1st Target @ 2.0420 (+60pips)

Signal 3, Moved SL to 2.0360 ( this guarantees 0pips)
Currently 2nd lot = +65pips

Signal 3. Closed 2nd lot at 2.0405 for +45pips

Total Pips for this trade +60pips (1st lot), +45pips (2nd lot)

Total +105pips.

Those were the trades I did today, opened and closed.

Signal 1 Generated a total of +240pips.

Signal 2 Generated a total of +40pips.

Signal 3 Generated a total of +105pips.

Total pips today alone +385pips.

4. 16 Oct 2007
OPEN EUR/JPY LONG @ 166.45
1st Target = 167.05
2nd Target = 168.15
Stop Loss = 166.10


Signal 4. HIT SL and LOST -35pips x 2

Total -70pips.

5. 16 OCT 2007
OPEN GBP/JPY LONG @ 239.40
1st Target = 240.20
2nd Target = 241.80
Stop Loss = 238.90

Signal 5. HIT SL and LOST -50pips x 2

Total -100pips.

Hi, uncleforex.

I've been demo trading these pairs for a few months with mixed results. Would you care to describe your technique/system, timeframes, etc.?

If not, that's ok too.

Sorry I can't reveal them. Maybe u can bookmark my journal and check it from time to time.

Ok.. Thanks anyway.

6. 16 Oct 2007
OPEN EUR/USD LONG @ 1.4208
1st Target = 1.4258
2nd Target = 1.4320
Stop Loss = 1.4185


Signal 6. HIT SL and LOST -23pips x 2

Total -46pips.

7. 16 Oct 2007
OPEN EUR/JPY SHORT @ 165.55
1st Target = 165.00
2nd Target = 164.25
Stop Loss = 166.10

Signal 7. Closed 1st and 2nd lot at 167.25 for +30pips each.

Total +60pips.

8. 16 OCT 2007
OPEN GBP/JPY SHORT @ 237.80
1st Target = 236.80
2nd Target = 235.30
Stop Loss = 238.70


Signal 8. Closed 1st and 2nd lot at 237.20 for +60pips each.

Total +120pips.

9. 16 OCT 2007
OPEN GBP/USD SHORT @ 2.0350
1st Target = 2.0300
2nd Target = 2.0220
Stop Loss = 2.0400


Hit 1st Target @ 2.0420 (+60pips)

Moved SL to 2.0340 for 2nd lot ( this guarantees 10pips)
Currently 2nd lot = +50pips

Those were the trades I did today, opened and closed.

Signal 4 Generated a total of -70pips.

Signal 5 Generated a total of -100pips.

Signal 6 Generated a total of -46pips.

Signal 7 Generated a total of +60pips.

Signal 8 Generated a total of +120pips.

Signal 9 Generated a total of +60pips ,+10pips (2nd lot of G/U short, might increase more later)

Total pips today alone +34pips.

Total pips since started: 419pips.

10. 16 OCT 2007
OPEN GBP/JPY LONG @ 237.55
1st Target = 238.35
2nd Target = 239.55
Stop Loss = 2336.75

11. 16 Oct 2007
OPEN EUR/JPY LONG @ 165.40
1st Target = 165.93
2nd Target = 166.63
Stop Loss = 164.93