A Cancerian trade journal | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

smallball's 2012 Live Trade Journal w/ Trade Explorer 9 replies

Bing trade journal 2 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

A Cancerian trade journal

  • #21
  • Jan 30, 2007 10:16am Jan 30, 2007 10:16am
Quoting turbokaos
I only update my journal once a day, other wise it would feel like job in its self to update ever trade.
Agree, especially with the many positions that you have at a time

Update on last trade.
buy EURUSD 1.2968 Close 1.2950= -18pips

Now I am really having BIG doubts on myself and my system
Am I doing it right?
Is the system profitable enough?
Did I miss something on the backtest?

Anyway, I am closed for the day, GBPUSD looks like it is going down, but the rules of my system forbids me to open a position, so I guess I'll just have to wait.
  • #22
  • Jan 30, 2007 10:32pm Jan 30, 2007 10:32pm
Can you share your method. It'd be great help since I am also trading micro lots as a beginner.
  • #23
  • Feb 1, 2007 4:30am Feb 1, 2007 4:30am
Quoting Ishak
Can you share your method. It'd be great help since I am also trading micro lots as a beginner.
Unfortunately my system does not work, I just wiped out my micro account last night.

buy GBPUSD 1.9626 close 1.9595 = -31pips
sell GBPUSD 1.9543 close 1.9591 = -48 pips

With the last 2 losses the remaining balance is only able to support one more trade, which I am not going to do.

Well, I'll just have to close this journal and find another system then.

cheers...
  • #24
  • Edited 4:59am Feb 1, 2007 4:40am | Edited 4:59am
Quoting Cancerian

With the last 2 losses the remaining balance is only able to support one more trade, which I am not going to do.

Well, I'll just have to close this journal and find another system then.

cheers...
Mate what was your total pip loss it sound like a case of over leveraging.

also in your back testing what was your largest draw down?
  • #25
  • Last Post: Feb 4, 2007 8:49pm Feb 4, 2007 8:49pm
total win 106 pips, win percentage 42%
total loss 177 pips, loss percentage 58%
total -71pips

It's not the total loss that I am worried about it's the win and loss percentage.
During the backtest it should have at least 65% win percentage in a month up to 90% and in the end of the months I should still come up with a profit.
The backtest was done manually, so probably I was not being objective enough.
0 traders viewing now