PipSqueezers Rainbow Evaluation Journal

Hi fellow traders,

This is my first journal. I start this journal to evaluate this trading strategy and which currency pairs fits best with this strategy. After 12 months I will review this trading strategy and the currency pairs.
[Performance for May 2008 was about 10% (1028 pips) but will not be included in this journal.]


-> Rules:

1. Daily review, between 17:00..21:00 (est), all the [17] currency pairs off the daily charts and 240 min. chart for conformation;
2. The (soft) S/L is initially 100 pips/1% (GBP pairs 200 pips/1%) BUT if everything still looks good then leave the trade open and give it more room for a maximum loss of 200 pips/2%;
3. The same rules applies for profit taking: initially close the trade if the trade is 100 pips in profit BUT if the trade looks exhausted or if it even goes against me then close the trade immediately;
4. When the trade is about 50 pips or more in profit then move the (hard) S/L to break-even (B/E);
5. Replace market order with stop order 10 pips under/above last low/high. Put stop orders in the queue (show here).

1. Make also notes of the minimum needed S/L, B/E and maximum possible T/P for that particular trade.

-> Stop order queue:
Date Time Currency Pair Buy/Sell Price
-------------------------------------







-> Performance results will be updated here:

PipSqueezers Rainbow Fund - Performance (in pips):

1. Open trades 1 & 2.

1. New trade 3, 1 & 2 are still open.

1. New trades 4 & 5, 1 set at B/E and 2 & 3 are still open.

1. Trade 1 closed at B/E (on the pip and then going 300 pips in my direction! - Add next time 10 pips extra below/above B/E).
2. Trade 3 closed for 75 pips.
3. Trade 5 closed for 100 pips.
4. Trade 2 & 4 are still open.

1. New trade 6, 2 & 4 are still open.

1. Close trades 4 & 6, 2 is still open.

1. New trade 7, 2 is still open...

1. Closed trade 7, new trade 8, trade 2 still open.

1. New trades 9 & 10, trades 2 & 8 still open.

1. New trades 11..15, trades 2, 8, 9 & 10 still open.

Good luck Pipsqueezer -

Thank you Danny.

1. Closed trades 8..12, 14 & 15, trades 2 & 13 still open.
2. Reminder: keep focus on 100 pips/trade.

1. Closed trade 13, New trade 16, trades 2 still open.

1. New trades 17 & 18, trades 2 & 16 still open.

1. New trades 19..22, trades 2, 16..18 still open.

Are u going to share the trading set up??

Thx
sonic

Did not much this month because of holiday.

Hi sonic, maybe that I will share my system sometime in the future. I think that any system must match the traders personality and that experience is the most important "indicator". But I could be wrong. Wish you many pips.

I respect your tidiness and discipline..Are you full time trader?
Your method must be doing well as well...The way I look @ it... you hold a position for a few days..u must be trading on H4 TF or D1 TF..which is kinda like me....
Nice spreadsheet record you have...too

Thx for sharing....

sonic

I would love to see what you are doing sometime as well.

best wishes and happy pippin'