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Daily Treasure Hunter

  • #1
  • First Post: Oct 14, 2008 3:48pm Oct 14, 2008 3:48pm
Well, its time I record my demo trading so I could become more disciplined. I do daily trades and use the Trade Balance Point of Wells Wilder Jr. I won't place trades all the time until I find a swing trade. You will notice that some trades will have 4:1 Risk to Reward ratio because Trade Balance Point system is trying to keep you in the trade. What I want to see is if this system will generate profit in the long run. My demo account is with IBFX at $1,000 mini. Trades will be 2% of my account.

I will record my daily positions here (if I do have a trade/s) around 5PM PDT or 00:00 GMT. I will treat Sunday candle as part of Friday candle but I might close my Friday positions due to gaps on Sunday.

Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #2
  • Oct 15, 2008 7:16pm Oct 15, 2008 7:16pm
I started entry today but forgot to adjust my lot size for 2% of my account. So, all entry were 1 lot each:

Long USD/CAD @ 1.1923 T/P 1.2052 S/L 1.1401
Short EUR/JPY @ 133.42 T/P 131.56 S/L 140.85
Short EUR/USD @ 1.3435 T/P 1.3345 S/L 1.3777
Short AUD/USD @ 0.6558 T/P 0.6597 S/L 0.7289

Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #3
  • Oct 16, 2008 6:41pm Oct 16, 2008 6:41pm
All positions were closed today and no new positions opened.

Buy USD/CAD out @ 1.1772 -151 pips
Sell EUR/JPY out @ 136.63 -321 pips
Sell EUR/USD out @ 1.3512 -77 pips
Sell AUD/USD out @ 0.6851 -293 pips

Current account @ 9,180.21. This taught me to adjust my lot size to risk 2% of my account per trade.

Rick
I'm a disciplined trader and that's the only way I trade.
  • #4
  • Oct 24, 2008 7:04pm Oct 24, 2008 7:04pm
Sorry for not updating more often. Here is my demo account statement since it was opened this month. I did better since Oct 16 but it may have been due to a strong trend. I want to see how I trade during ranging.

Rick
Attached File(s)
File Type: pdf Statement.pdf   48 KB | 576 downloads
I'm a disciplined trader and that's the only way I trade.
  • #5
  • Oct 26, 2008 7:35pm Oct 26, 2008 7:35pm
Account: 10,854.86

Open Trades 10/27:
Short AUD/USD at 0.6165 (0.3 lot) / TP 0.5918 / SL 0.6944
Short EUR/JPY at 117.51 (0.1 lot) / TP 112.22 / SL 131.25
Short EUR/USD at 1.2609 (0.4 lot) / TP 1.2434 / SL 1.3080
Short GBP/JPY at 147.70 (0.1 lot) / TP 138.47 / SL 167.16
Short GBP/USD at 1.5848 (0.2 lot) / TP 1.5340 / SL 1.6684
Short NZD/USD at 0.5589 (0.4 lot) / TP 0.5409 / SL 0.6117
Long USD/CAD at 1.2737 (0.5 lot) / TP 1.2875 / SL 1.2318
Long USD/CHF at 1.1634 (0.7 lot) / TP 1.1749 / SL 1.1353
Short USD/JPY at 93.67 (0.3 lot) / TP 90.38 / SL 100.68

All trades just going with the trend and using the Trade balance point to calculate the TP and SL. Lot sizes calculated using 2% of 10,000/risk in pips.


Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #6
  • Edited 7:15pm Oct 27, 2008 7:13pm | Edited 7:15pm
Account: 10,854.86
Update 10/27 trades:
Short AUD/USD at 0.6165 (0.3 lot) / TP 0.5918 / SL 0.6944-----Stay open
Short EUR/JPY at 117.51 (0.1 lot) / TP 112.22 / SL 131.25-----Stay Open
Short EUR/USD at 1.2609 (0.4 lot) / TP 1.2434 / SL 1.3080-----Hit target +122 pips
Short GBP/JPY at 147.70 (0.1 lot) / TP 138.47 / SL 167.16-----Stay Open
Short GBP/USD at 1.5848 (0.2 lot) / TP 1.5340 / SL 1.6684------Hit target +508 pips
Short NZD/USD at 0.5589 (0.4 lot) / TP 0.5409 / SL 0.6117------Hit target +180 pips
Long USD/CAD at 1.2737 (0.5 lot) / TP 1.2875 / SL 1.2318------Hit target +138 pips
Long USD/CHF at 1.1634 (0.7 lot) / TP 1.1749 / SL 1.1353-----Closed position -63 pips
Short USD/JPY at 93.67 (0.3 lot) / TP 90.38 / SL 100.68-----Stay open

Profit Today: +885 pips Account: 11,124.72

10/28 Open Trades:
Short AUD/USD at 0.6165 (0.3 lot) / Change TP 0.5949 / SL 0.6331
Short EUR/JPY at 117.51 (0.1 lot) / Change TP 113.16 / SL 122.08
Short GBP/JPY at 147.70 (0.1 lot) / Change TP 140.00 / SL 154.09
Short USD/JPY at 93.67 (0.3 lot) / Change TP 91.93 / SL 95.59

Open Short GBP/USD at 1.5525 (0.3 lot) / TP 1.5245 / SL 1.6150
Open Short NZD/USD at 0.5466 (0.8 lot) / TP 0.5345 / SL 0.5719
Open Long USD/CAD at 1.2983 (0.5 lot) / TP 1.3069 / SL 1.2601
Open Short EUR/USD at 1.254 (0.5 lot) / TP 1.2299 / SL 1.2841
I’m still going with the trend.

Happy Hunting
Rick
I'm a disciplined trader and that's the only way I trade.
  • #7
  • Oct 28, 2008 6:58pm Oct 28, 2008 6:58pm
Account: 11,124.72
Update 10/28 Trades:
Short AUD/USD at 0.6165 (0.3 lot) / Change TP 0.5949 / SL 0.6331-----Stopped out -166 pips
Short EUR/JPY at 117.51 (0.1 lot) / Change TP 113.16 / SL 122.08-----Stopped out -457 pips
Short GBP/JPY at 147.70 (0.1 lot) / Change TP 140.00 / SL 154.09-----Stopped out -639 pips
Short USD/JPY at 93.67 (0.3 lot) / Change TP 91.93 / SL 95.59-----Stopped out -192 pips
Short GBP/USD at 1.5525 (0.3 lot) / TP 1.5245 / SL 1.6150-----Closed @ 1.6150 -625 pips
Short NZD/USD at 0.5466 (0.8 lot) / TP 0.5345 / SL 0.5719-----Stopped out -253 pips
Long USD/CAD at 1.2983 (0.5 lot) / TP 1.3069 / SL 1.2601-----Closed @1.2601 - 382
Short EUR/USD at 1.254 (0.5 lot) / TP 1.2299 / SL 1.2841-----Stopped out -387 pips
Total today: - 3101 pips
Account 10,228.75
I did saw a strong resistance on most pairs but went ahead and placed trades or stayed in the trades. Lesson learned, lets move on. Going back to my radar until then:
Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #8
  • Oct 29, 2008 7:41pm Oct 29, 2008 7:41pm
New trades for 10/30/2008:
Open Short USD/CHF at 1.1327 (0.26 lot) TP 1.1191 / SL 1.1720
Open Short USD/CHF at 1.1327 (0.26 lot) No TP / SL 1.1720
Open Short USD/CAD at 1.2221 (0.11 lot) TP 1.1943 / SL 1.3148
Open Short USD/CAD at 1.2219 (0.11 lot) No TP / SL 1.3148
Open Long AUD/USD at 0.6712 (0.19 lot) TP 0.6865 / SL 0.6142
Open Long AUD/USD at 0.6712 (0.19 lot) No TP / SL 0.6142

All trades broke trend lines at Accumulation Swing Index (ASI)
Open 1% with target and another 1% without.

Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #9
  • Oct 30, 2008 7:06pm Oct 30, 2008 7:06pm
Account 10,228.75
Update 10/30/2008 trades:
Short USD/CHF at 1.1327 (0.26 lot) TP 1.1191 / SL change to 1.1635
Short USD/CHF at 1.1327 (0.26 lot) No TP / SL change to 1.1635
Short USD/CAD at 1.2221 (0.11 lot) TP 1.1943 / SL 1.3148-----Hit Target +278 pips
Short USD/CAD at 1.2219 (0.11 lot) No TP / SL change to 1.2411
Long AUD/USD at 0.6712 (0.19 lot) TP 0.6865 / SL 0.6142-----Hit target +153 pips
LongAUD/USD at 0.6712 (0.19 lot) No TP / SL change to 0.6459
Today P/L: +431 pips

New trade:
Short USD/CAD at 1.2068 (0.58 lot) TP 1.1895 SL 1.2411

Account 10,283.42


Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #10
  • Nov 2, 2008 6:47pm Nov 2, 2008 6:47pm
Account 10,283.42
All trades were closed last Friday:
Short USD/CHF at 1.1327 (0.26 lot)-----Stopped out -308 pips
Short USD/CHF at 1.1327 (0.26 lot)-----Stopped out -308 pips
Short USD/CAD at 1.2219 (0.11 lot)-----Closed +182 pips
LongAUD/USD at 0.6712 (0.19 lot)-----Closed -108
Short USD/CAD at 1.2068 (0.58 lot)-----Closed +33

Friday's P/L: -873 PIPs

Account 10,166.47

Back to the radar and Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
  • #11
  • Last Post: Nov 3, 2008 7:05pm Nov 3, 2008 7:05pm
Account 10,166.47

Open trades:
Long USD/CHF @ 1.1767 (0.49 lot) TP 1.1875 / SL 1.1362
Short USD/CAD @ 1.1786 (0.47 lot) TP 1.1684 / SL 1.2223

Happy Hunting,
Rick
I'm a disciplined trader and that's the only way I trade.
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