100 Trades Analysis

i made 2$ from this trade. It's interesting because from the pips stand point, I am negative, but since I risked more on the initial trade, I have net positive money value.

It's funny why we all seem to note down pips made. we should record lots traded or at least percent risk which would be more accurate of system's and money management performance. If I have two trades, one is $10/pip with 10 pips and another is 1$pip totaling -30 pips, I would end up with -20 pips but 70$ net..

I think GU is in a trend reversal. Bad fundementals recently might shift it to downward momentum. We will see what is in store for GU this week.


Matt

i don't really know much about fundamental news and their relationship to one another. But i did see a strong rejection of the 1.9700 price and it keeps breaking weekly s/r. I do wish I'm still in that trade with those 2 positions open..Just gotta wait for the right moment to re-enter.

It's annoying, I rather be stopped out for a loss then to be stopped out and proven right...

I hear ya. Its tested in a bunch of times this year.

fundementals are usally what will cause a breakout when a support or resistance level is broken. I like using the strandle position when trading news. buying and selling both ways. set a 20 pip s/l and monitor it manually. works most of the times. good way to make 20 or 30 pips in a few minutes.



Matt

Trade #94
GBPUSD
Stopped @ 1.9560
Net pips: 28 (2%),-34 pips(1%)
R: 0.25, -1.00

Now that I have gained the understanding of risk and position sizing, the format of this journal is somewhat irrelevant or misinformative. I should really just focus on the risk % taken on each trade, and how my account grows/declines when the trades close. But then again, i'm close to finish and I would implement my new journal idea to my own personal records

System development update:
as of now, I am relying heavily on s/r as setups. I am using techniques as outlined in SRDC I to highlight highs and lows on the monthly and weekly charts. Then my daily chart is used to enter at these important s/r's. In addition I also use price action values to determine how strong the rejection or break of these levels are. I use weekly s/r to add to positions when prices break them.
As for my s/l, I use the average 10 day range (high-low) to determine how volatile prices are.

http://img243.imageshack.us/img243/451/dailyst1.jpg

Trade #95
USDJPY
risk: 2%

Update of S/L

http://img201.imageshack.us/img201/8836/dailyna0.jpg

I am not going to take a position with GBPUSD Long (even though we see a strong rejection of price today) because I see a resistance @ 1.9730. So the R:R is not attractive. I try for R:R equal or greater than 2, using my abritrary 10 day range as s/l and the resistance as my tp (although I don't usually use one, depending upon the market condition)

since I believe in the polarity concept, the R:R gives me the idea of how much room the pair has prior to hitting the s/r using (previous close-s/r)/range.

Update of S/L

http://img406.imageshack.us/img406/9411/dailydu9.jpg

Well no new trades really just testing out something that I am working on. I'm basically trying to make my s/r levels to be determined mechanically. But I still use the concept of price acceptance and rejection idea...So some trades I opened using this concept is below, although I'm not counting this towards the analysis

http://img512.imageshack.us/img512/6949/dailydu0.jpg

Trade #95
USDJPY
Stopped @ 120.05
Net pips: 109 pips
R: 1.53

For the sake of ending this God forsaken thread, I'm going to include in the current trades that I'm taking. The original plan was to just include in USDJPY and GBPUSD. I did this because I fear that adding positions will take too much of my margin. However I am beginnning to learn that it's not necessarily so. Which means I can continue on trading all majors. So we are on trade 99...

http://img527.imageshack.us/img527/3306/dailypo9.jpg

Trade #96
AUDUSD (2%, 1%, 1%)

Trade #97
NZDUSD (2%)

Trade #98
USDCHF (2%)

Trade #99
USDCAD (2%)

again, position added does not count as a separate trade..

I do have to give credit to this thread becuase it has allowed me to develop a system along the way and forward testing it at the same time. I'm happy to say that the system rules are nearly complete. Then after this thread is done, I will basically trade this sytem forever since price action will always adapt itself to market conditions. I have taken bits and pieces of it from other people and ideas to come up with I think a robust workable system

peace

Good for you man, I've enjoyed this thread.

andersenws

thanks, it's been a nice one

Trade #96
AUDUSD
Closed @ 0.7875
Net pips: 80 pips, 42 pips, -39 pips
R: 1.77, 1.27, -1.00

Trade #98
USDCHF
Stopped @ 1.2335
Net pips: -22 pips
R: -0.46

Current trades with new s/L

http://img440.imageshack.us/img440/2744/dailyqy0.jpg

Last trade

Trade #100
GBPUSD
risk: 2%

plus other trades i'm takin and all the updates

http://img513.imageshack.us/img513/9971/dailyez4.jpg

So, your 100 trades are up

This has been a really enjoyable read - thanks for posting your trades & thoughts as you went

Kind Regards
Steve

it was a nice ride while it lasted. And I thank everyone who contributed. Although I do find it to be annoyance because it's just an extra work I have to do to update these. So i respect you for doing yours for a full year!

new S/L's and USDJPY short is taken

http://img93.imageshack.us/img93/276/dailysd9.jpg

i bet 50% of my equity that most people are bankin it today on Forex!! some with gbpjpy, some usdjpy, some usdchf, eurojpy...man....what a a day!