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Cooney's Live Trades

  • #1
  • First Post: Edited Jun 5, 2008 1:19pm May 9, 2008 2:18pm | Edited Jun 5, 2008 1:19pm
Welcome to my live trades! Here I will post all the trades that my unique system generates. Since January 2008 I have not had a losing trade. I use no stop-losses. Maximum drawdown ever was 705 pips which occured in April, the trade is still open. Check out the results for April 08. One of my biggest winner was 1540 pips.

------------------------------------------------------------------------------------------------------------------------------------

Cooney's Trades:

Trade 1: 5/09/08 08:30 AM CST | Buy Eur/Usd @ 1.5435 | TP: 1.5989 | Status: CLOSED (+145) (Closed prematurely)
Trade 2: 5/12/08 11:53 AM CST | Sell Eur/Usd @ 1.5545 | TP: 1.5446 | Status: CLOSED (+99 Pips)
Trade 3: 5/13/08 11:40 AM CST | Sell Eur/Usd @ 1.5484 | TP: 1.5464 | Status: CLOSED (+20 Pips)
Trade 4: 5/15/08 1:27 PM CST | Sell Eur/Usd @ 1.5444 | TP: 1.5424 | Status: CLOSED (+340)

------------------------------------------------------------------------------------------------------------------------------------

Total Pips for May: 604


---------------------------------------------

Never use more than 1% margin per entry.

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  • #2
  • May 9, 2008 2:24pm May 9, 2008 2:24pm
Interesting. Since you're a new poster here, tell us a little bit about yourself (your profile doesn't tell much). How many trades have you taken in 2008?
  • #3
  • May 9, 2008 2:29pm May 9, 2008 2:29pm
Quoting GulfCoastPip
Interesting. Since you're a new poster here, tell us a little bit about yourself (your profile doesn't tell much). How many trades have you taken in 2008?
I have taken approximately 150 trades since January 08. No losers.
  • #4
  • May 9, 2008 2:32pm May 9, 2008 2:32pm
Quoting Cooney
I have taken approximately 150 trades since January 08. No losers.
Awesome.
  • #5
  • Edited 5:04pm May 12, 2008 11:52am | Edited 5:04pm
New Trade:

Trade 2:

5/12/08 11:53 AM CST

Sell Eur/Usd @ 1.5545

TP: 1.5446

-----------------------------------

Recent Trades:

Trade 1: -- 5/9/08 8:30 AM CST -- Buy Eur/Usd @ 1.5435 -- TP: 1.5989 -- Status: OPEN
  • #6
  • Edited May 16, 2008 8:36am May 15, 2008 1:27pm | Edited May 16, 2008 8:36am
Trade 4:

· 5/15/08 1:27 PM CST
· SELL Eur/Usd @ 1.5444
· Target: 1.5424

---------------------------------------

Entry Levels:

1. 1.5484
2. 1.5544
3. 1.5644

NOTE: Should drawdown occurs before target is hit, enter again at these levels. If the first buy level is hit then adjust target to breakeven.
  • #7
  • May 16, 2008 12:59am May 16, 2008 12:59am
Hi Cooney,

Welcome to the forum.....hope your trading goes well....

I see you are a no stoploss kind of guy, keep it up and best of luck!

Zack
The only sovereign I can allow to rule me is reason.
  • #8
  • May 16, 2008 8:30am May 16, 2008 8:30am
Trade 4 closed for 40 pips profit!
  • #9
  • May 16, 2008 8:33am May 16, 2008 8:33am
Quoting Cooney
Trade 4:

· 5/15/08 1:27 PM CST
· SELL Eur/Usd @ 1.5444
· Target: 1.5424

---------------------------------------

Buy Levels:

1. 1.5484
2. 1.5544
3. 1.5644

NOTE: Should drawdown occurs before target is hit, enter again at these levels. If the first buy level is hit then adjust target to breakeven.
Erm...what counts as a pip to you? Last time I checked 1.5444 to 1.5424 was only 20 pips Am I missing something?

Otherwise nice trading
The only sovereign I can allow to rule me is reason.
  • #10
  • May 16, 2008 8:42am May 16, 2008 8:42am
Hi. Along with Trade 4 I also posted other entry levels expecting some draw down. Yesterday evening we hit our first entry level at 1.5484. It is noted that when our first level is hit we adjust our target to breakeven at original entry, that would be 1.5444. So, I sold at 1.5484 target 1.5444 = 40 Pips profit. http://www.forexfactory.com/images/icons/icon7.gif

Entry Levels: for trade #4

1. 1.5484
2. 1.5544
3. 1.5644

NOTE: Should drawdown occurs before target is hit, enter again at these levels. If the first buy level is hit then adjust target to breakeven.
  • #11
  • May 16, 2008 8:50am May 16, 2008 8:50am
Interesting, was just a little confusing because you had labeled it BUY entries...when you were going short/selling

Would the target still be 1.5444 if the second entry had been reached at 1.5544?

Or would you average initial position with the 1st entry (1.5444+1.5484)/2 = 1.5464 as the target for the trade from 1.5544?

This would give you an 80 pip profit overall...but technically you would have a 20 pip loss.
The only sovereign I can allow to rule me is reason.
  • #12
  • May 16, 2008 8:57am May 16, 2008 8:57am
Quoting pearsonfx
Interesting, was just a little confusing because you had labeled it BUY entries...when you were going short/selling

Would the target still be 1.5444 if the second entry had been reached at 1.5544?

Or would you average initial position with the 1st entry (1.5444+1.5484)/2 = 1.5464 as the target for the trade from 1.5544?

This would give you an 80 pip profit overall...but technically you would have a 20 pip loss.
Yes, it doesn't matter how many entry levels get hit, target always gets changed to original entry. And yes, I saw my typo, sorry, it was supposed to say "SELL LEVELS'. http://www.forexfactory.com/images/icons/icon3.gif

If the second entry level would have been hit that would be 140 pips.
40 pips from 5484 to 5444
100 pips from 5544 to 5444

Total 140 pips.
  • #13
  • May 16, 2008 12:35pm May 16, 2008 12:35pm
Hi Cooney
On my chart the 5444 level was not touched after the 5484 level was reached. So a limit order would not have been triggered. Am i missing something? Looks like a pretty good system you have....TB
  • #14
  • May 16, 2008 12:59pm May 16, 2008 12:59pm
1.5419 was the low after he called the trade at 1:27 CST
The only sovereign I can allow to rule me is reason.
  • #15
  • Edited 1:22pm May 16, 2008 1:09pm | Edited 1:22pm
Good catch, legacy. My TP was off by a bit that is why my order was closed! http://www.forexfactory.com/images/icons/icon9.gif Darn!

I reopened Trade #4 at 5591

Target remains the same at 5444

So far entry levels 5448 and 5544 have been hit.


Thanks!
  • #16
  • May 21, 2008 10:41am May 21, 2008 10:41am
Currently Trade #1 is up 325 pips.

The entry levels for Trade #4 have all been hit.

I am short at 5484, 5544 and 5644. Overall drawdown as of now is 692 combined pips.


325-692 = 367 net pips of drawdown
  • #17
  • May 26, 2008 1:13pm May 26, 2008 1:13pm
I think that you have one more short at 5444
It will be interesting to see what happens next.
Looks pretty risky. When would you say enough and exit?
  • #18
  • May 26, 2008 1:35pm May 26, 2008 1:35pm
119 pips for may. I have generated 2300 pips for may with a great system.
  • #19
  • May 26, 2008 5:22pm May 26, 2008 5:22pm
Quoting legacy
I think that you have one more short at 5444
It will be interesting to see what happens next.
Looks pretty risky. When would you say enough and exit?
Legacy, it will return to 5444. I am pretty sure of that.
  • #20
  • May 26, 2008 5:50pm May 26, 2008 5:50pm
Quoting pipmachine2
119 pips for may. I have generated 2300 pips for may with a great system.
pipmachine, Since January 2008 I have had 2 months with 2000+ pips and rest were all 1000+ pips months. Thanks for looking.
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