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Small time relative newbie taking small steps

  • #161
  • Jan 22, 2008 7:39am Jan 22, 2008 7:39am
CLOSE: EUR/USD Long at 1.4531. P/L = +21 pips.
CLOSE: USD/JPY Long at 106.64. P/L = +22 pips.
LIMIT ENTER: USD/CAD Long at 1.0344. SL = 1.0257. TP = 1.0380.

Monthly Pips: +123

http://forexfactory.com/images/misc/progress.gif

  • #162
  • Jan 22, 2008 8:06am Jan 22, 2008 8:06am
ENTER: USD/CAD Long at 1.0344. SL = 1.0257. TP = 1.0380.

Monthly Pips: +123
  • #163
  • Jan 22, 2008 9:36am Jan 22, 2008 9:36am
USD/CAD closes with a loss to end our day:

CLOSE: USD/CAD Long at 1.0380. P/L =-87 pips.

----------------------------------
Accouny Balance: 9658.33
Monthly P/L ($): -341.67
Monthly Accoung Growth: -3.42%
Monthly Pips: +36
----------------------------------
  • #164
  • Jan 23, 2008 6:59am Jan 23, 2008 6:59am
LIMIT ENTER: EUR/USD Long at 1.4595. SL = 1.4467. TP = 1.4625.
LIMIT ENTER: EUR/USD Short at 1.4547. SL = 1.4675. TP = 1.4521.
LIMIT ENTER: USD/CAD Long at 1.0280. SL = 1.0184. TP = 1.0314.
LIMIT ENTER: USD/CAD Short at 1.0250. SL = 1.0347. TP = 1.0232.
LIMIT ENTER: USD/JPY Long at 105.95. SL = 104.87. TP = 106.22.
LIMIT ENTER: USD/JPY Short at 105.57. SL = 106.65. TP = 105.33

Monthly Pips: +36
  • #165
  • Jan 23, 2008 7:17am Jan 23, 2008 7:17am
USD/CAD is also in...

ENTER: USD/JPY Short at 105.57. SL = 106.65. TP = 105.33
CLOSE: USD/JPY Short at 105.33. P/L = +24 pips.
CANCEL: USD/JPY Long at 105.95. SL = 104.87. TP = 106.22.

ENTER: USD/CAD Long at 1.0280. SL = 1.0184. TP = 1.0314.
CANCEL: USD/CAD Short at 1.0250. SL = 1.0347. TP = 1.0232.

LIMIT ENTER: EUR/USD Long at 1.4595. SL = 1.4467. TP = 1.4625.
LIMIT ENTER: EUR/USD Short at 1.4547. SL = 1.4675. TP = 1.4521.


Monthly Pips: +60
  • #166
  • Jan 23, 2008 7:46am Jan 23, 2008 7:46am
All our trades for the day are now active and/or already closed:

ENTER: EUR/USD Short at 1.4547. SL = 1.4675. TP = 1.4521.
CANCEL: EUR/USD Long at 1.4595. SL = 1.4467. TP = 1.4625.
NO CHANGE: USD/CAD Long at 1.0280. SL = 1.0184. TP = 1.0314.

Monthly Pips: +60
  • #167
  • Jan 23, 2008 7:58am Jan 23, 2008 7:58am
CLOSE: EUR/USD Short at 1.4521. P/L = +26 pips.
NO CHANGE: USD/CAD Long at 1.0280. SL = 1.0184. TP = 1.0314.

Monthly Pips: +86
  • #168
  • Jan 23, 2008 12:56pm Jan 23, 2008 12:56pm
USD/CAD has now closed, giving us another "sweep" today, and ending the day for us.

CLOSE: USD/CAD Long at 1.0314. P/L = +34 pips.

Monthly Pips: +86

----------------------------------
Accouny Balance: 9886.44
Monthly P/L ($): -113.56
Monthly Accoung Growth: -1.14%
Monthly Pips: +120
----------------------------------
  • #169
  • Jan 24, 2008 7:01am Jan 24, 2008 7:01am
LIMIT ENTER: EUR/USD Long at 1.4691. SL = 1.4553. TP = 1.4725.
LIMIT ENTER: EUR/USD Short at 1.4639. SL = 1.4777. TP = 1.4613.
LIMIT ENTER: USD/CAD Long at 1.0155. SL = 1.0058. TP = 1.0185.
LIMIT ENTER: USD/CAD Short at 1.0125. SL = 1.0222. TP = 1.0103.
LIMIT ENTER: USD/JPY Long at 106.94. SL = 105.74. TP = 107.23.
LIMIT ENTER: USD/JPY Short at 106.50. SL = 107.70. TP = 106.25.

Monthly Pips: +120
  • #170
  • Jan 24, 2008 7:03am Jan 24, 2008 7:03am
No sooner do I finish entering all this, and USD/CAD is already in:

ENTER: USD/CAD Long at 1.0155. SL = 1.0058. TP = 1.0185.
CANCEL: USD/CAD Short at 1.0125. SL = 1.0222. TP = 1.0103.
LIMIT ENTER: EUR/USD Long at 1.4691. SL = 1.4553. TP = 1.4725.
LIMIT ENTER: EUR/USD Short at 1.4639. SL = 1.4777. TP = 1.4613.
LIMIT ENTER: USD/JPY Long at 106.94. SL = 105.74. TP = 107.23.
LIMIT ENTER: USD/JPY Short at 106.50. SL = 107.70. TP = 106.25.

Monthly Pips: +120

http://forexfactory.com/images/misc/progress.gif

  • #171
  • Jan 24, 2008 7:30am Jan 24, 2008 7:30am
ENTER: USD/JPY Short at 106.50. SL = 107.70. TP = 106.25.
CANCEL: USD/JPY Long at 106.94. SL = 105.74. TP = 107.23.
LIMIT ENTER: EUR/USD Long at 1.4691. SL = 1.4553. TP = 1.4725.
LIMIT ENTER: EUR/USD Short at 1.4639. SL = 1.4777. TP = 1.4613.
NO CHANGE: USD/CAD Long at 1.0155. SL = 1.0058. TP = 1.0185.

Monthly Pips: +120
  • #172
  • Jan 24, 2008 8:13am Jan 24, 2008 8:13am
Everything for today is now in:

ENTER: EUR/USD Long at 1.4691. SL = 1.4553. TP = 1.4725.
CANCEL: EUR/USD Short at 1.4639. SL = 1.4777. TP = 1.4613.
NO CHANGE: USD/CAD Long at 1.0155. SL = 1.0058. TP = 1.0185.
NO CHANGE: USD/JPY Short at 106.50. SL = 107.70. TP = 106.25.

Monthly Pips: +120
  • #173
  • Jan 24, 2008 9:14am Jan 24, 2008 9:14am
CLOSE: EUR/USD Long at 1.4725. P/L = +34
NO CHANGE: USD/CAD Long at 1.0155. SL = 1.0058. TP = 1.0185.
NO CHANGE: USD/JPY Short at 106.50. SL = 107.70. TP = 106.25.

Monthly Pips: +154

http://forexfactory.com/images/misc/progress.gif

  • #174
  • Jan 24, 2008 2:53pm Jan 24, 2008 2:53pm
Manually closing both remaining orders for losses:

CLOSE: USD/CAD Long at 1.0058. P/L = -97 pips
CLOSE: USD/JPY Short at 106.90. P/L = -40 pips

----------------------------------
Accouny Balance: 9561.23
Monthly P/L ($): -438.77
Monthly Accoung Growth: -4.39%
Monthly Pips: -17
----------------------------------
  • #175
  • Jan 25, 2008 9:12am Jan 25, 2008 9:12am
Due to some commitments at work, I will not be trading for the remainder of the month of January.

As a result, I'm taking some time off from the journal, but will still be continuing with live trading in February - just not maintaining a journal. The two months I've kept this have been valuable, and looing back through it gives me the motivation to keep going, and keep improving.
  • #176
  • Jan 27, 2010 4:09am Jan 27, 2010 4:09am
hi there,
as a fellow newbie too i'm glad that you chosen to share your beginnings with the rest of us.

and it seems your system is quite high on variance although it's still a positive EV system overall.

hope to see you post more of your trading.
thanks~
  • #177
  • Apr 25, 2010 1:22am Apr 25, 2010 1:22am
Quoting cgrey
While the OANDA platform isn't as flashy as VT-Trader or MT4, it has what I need.
That is one good thing about the Oanda platform - it allows you to enter fixed SL/TP in pips. I use MT4 and have to enter them manually. Hopefully, MT5 will correct that.
  • #178
  • Last Post: Sep 3, 2017 10:35am Sep 3, 2017 10:35am
The internet age has made Forex trading accessible to everyone. Pretty much everyone has an easy access to global brokers trading platforms offering services. Many platforms provide opportunities to earn attractive rewards. Before setting out, it is a good idea to consider 2 important issues to decide if you have what it takes. Check brokers minimum deposit and assess your finances. Those small step can change many things and even view of your forex trading. As a new trader, you need to establish whether you have sufficient disposable income to invest in Forex trading.
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