Testing

Closed this test. It didnt work the way I had thought it might..

Starting equity: $250.00
Current equity: $249.83
Up/Down: -0.0% (was as high as 8%)

Day one trades: +$4.50
Trade 1 = -1 pip ($0.30)
Trade 2 = +29 pips (+$8.70)
Trade 3 = +19 pips (+$5.70)
Trade 4 = -35 pips (-$10.50)

Day two trades: -$2.40
Trade 5 = +18 pips (+$10.80)
Trade 6 = +5 pips (+$2.50)
Trade 7 = +5 pips (+$3.00)
Trade 8 = - 16 pips (-$8.00)
Trade 9 = + 14 pips (+$7.00)
Trade 10= - 36 pips (-$18.00) - entered on a break to a new high, expecting a big run up - stopped out on news release only to have price rocket in direction of trade within 3 minutes.
Trade 11= +9 pips ($4.50)
Trade 12 = -14 pips (-$4.20)

Day 3
Trade 13 = -12 pips (-$3.27)
Trade 14 = +6 (+$1.80)

Trade 1. Price went net 7 pips (12 pips before spread) in favour of trade. I quickly moved to stop to -1 pip. I lost 1 pip including the spread.

Entry Criteria:
-. All indicators at extreme and pointing down (except macd)
-. Price reversed after breaking through resistance. I thought this might be another move down.
Exit Criteria:
- price had moved slowly to be up 12 pips (before spread). I moved stop quickly to -1 pip (after paying the spread).



Trade 2. Exited at + 29 pips in 10 minutes. Price quickly reversed back to the entry. Glad I got out when I did.
Entry Criteria:
1. All indicators at extreme and heading down.
2. Price had made a lower high
3. Trend is down at the moment.
4. Price was at a resistance area from asian session.
5. Entered a stop order so a break to a new low would pick up the trade.

Went into profit almost immediately and there was no draw down in the trade.
Exit Criteria:
A fast move happened. 29 pips was 3% of the account equity, so I took it. Waiting 5 minutes would have seen the profit disappear.

Mission: Defense Defense Defense!

Trade 3.
Reasons for entry:
- Price has been butting up against the resistance from the asian session.
- 4 hour outside-up bar
- moveing averages were squashed together and starting to break out (upwards)

- the indicators were all at extreme (indicating a downward move next), but the price was moving up and about to break resistance that it had approached before....and the macd was saying bullish.

- set a stop entry order at 1.9005 (above hte market).
- trade was picked up and moved into profit almost immediately.

Exit:
was up 22 pips. price had moved reasonably quickly. all indicators extreme. so I closed with a profit.

Error.
Entered 15 minutes before a news announcement.
Once I was in, I realised my error but decided to stay in, in case I got lucky. Well price moved 100 pips in 1 minute (against the trade). Slippage cost me 4 pips.

Also - it was not a solid entry.
Summary follows:
- RSI extreme and bearish
- Stoch bearish extreme
- CCI center line indicating nothing
- %R above 50 but not really doing anything
- dss bullish extreme
- macd neither here nor there.

There was not sufficient evidence to get into this trade.
Indicators bounce around intra-bar.

Entry condition
- down trend for weeks
- price bounced at 10:50 then tested low at 19.40 then restest low at 21:20 then bounced 16 pips. All indicators were extreme bullish (but I didnt care because the oscillators are always wrong in a trend breakout).

- price moved in favour of trade instantly.

Exit condition
- was up 18 pips in about 2 minutes.
- Risk was 12 pips
- closed the trade

Spreadsheet calculating position size was wrong. Should have been 3 lots and I took 6. Nasty error - but I have fixed the sheet now.

Reason for entry:
all indicators extreme price starting to break down

Reason for exit:
Price was not moving quickly. Indicators had moved extreme to the other side. Good exit. Next candle would have been stopped me out.

Observation: when indicators indicate a direction....a pull back against the indicated direction and then a fresh break in the direction of the indicators seems to give faster moves.

Entry conditions:
all indicators bullish
Price went DOWN. Set stop order at high of the down candle.

Instant winner for 10 pips. No draw down again.
Exit:
Price stalled - stopped moving up. So I exited when it drifted slowly down. Up another 1%

Price never came back to the stop point. It just stalled, then took off to be a 20 pip winner.

Loss 16 pips

Price hard up against barrier that's been visited 4 times in 2 days.
Indicators all bearish.
Shorted in anticipation of down trend kicking in.
Stopped at High of entry-triggger candle.

Only warning sign was the cci not at extreme too?

Simple break out.
Price approached resistance 4 times.
Entered long on break of resistance. Moved 23 pips quickly. I exited with +14.

Should have been more patient and left stop at BE, as price went up minutes after I exited.

Indicators were all bearish (of course) as should be expected on a break to a new high.

Both the same long trade.
Tried to get onto a break long from a new high.
News release was coming. Touched the stop and shot up.
Re-entered and got back some of the loss.