Simplicity is the Key

I will be hedging the AUD/JPY for the 7:30 report so it may not affect us, and close the the other one once the results is out.
crappy report not moving even a pip.

UPDATE
OPEN TRADES (2-28)
NONE
CLOSE TRADES
S-USDCHF--1.2190---2-28 13:39~~~ Closed Loss -10
B-EURUSD--1.3221---2-28 12:30~~~ Closed Gain 10
B-GBPUSD--1.9616---2-28 12:33~~~ Closed Gain 20
B-NZDUSD--0.7019---2-28 15:53~~~ Closed Loss -15
----------------------------------------------------
B-EUR/JPY--156.84---2-28 16:45~~~ Closed Gain 20
B-GBPJPY--232.72---2-28 17:06~~~ Closed Gain 30
B-NZDJPY--83.15 ---2-28 18:20~~~ Closed Gain 5
B-CADJPY--101.59---2-28 18:48~~~ Closed Loss -20
B-AUD/JPY--93.49---2-28 18:49~~~ Closed Loss -5
----------------------------------------------------

NET TOTAL FOR THIS WEEK --- +461

Dear T101,

Who would have thought the GJ and EJ rally wasn't ending there uh?!

surprising ~ while UJ went the other way around.
I got that UJ fall, luckily enough to close with +30 pips.
(is the rally end now? or will it go on? damm~ I close it now)

Seems GU is setting up , i think it will be there for London open,
while EU I entered one lot long @ 30. on my demo acct.

homework~ LOL!

MY EU is now closed with +1 pip~
the testing became a scalp...shame on me!

i found i was directionally wrong!

Guess what.....I did not close~ I hear your voice when i was about to click on "close", you said, HOLD TO IT!

Trade closed:

Short UJ @ 118.72, closed @ 118.26 +48 pips

from 8:33 to 11:27 pm EST

my turn to go for a short nap

c ya @ london open bro!

BTW, here are trades I watched it pass:

CHF/JPY short.
EUR/USD short.

I watched it go and result coincides to our rules.
They are both good for 20 pip and more.
Glad I got that UJ move.

I could only monitor few pairs, I guess more practice and better tools are needed to further enhance my knowledge of trading.

Bless~

UPDATE
OPEN TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
a) S-EUR/USD--1.3215---3-01 1:49
b) S-GBP/USD--1.9589---3-01 2:19

UPDATE
OPEN TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
a) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
b) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
--------------------------------------------------
NO OPEN TRADE
--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +416

UPDATE
CLOSED TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
1) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
2) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
--------------------------------------------------
OPEN TRADE
PAIR-------OPEN-----TIME OPEN----CURRENTLY
3) B-GBP/USD--1.9628---3-01 5:40------ +6
4) S-USD/CHF--1.2188---3-01 5:40------ +25
5) S-USD/JPY--118.14---3-01 5:40 ------ +70
6) B-EUR/USD--1.3225---3-01 5:41------- +8
7) B-AUD/USD--0.7879---3-01 5:48------ -21
8) S-NZD/USD--0.7002---3-01 5:49------- +56
9) B-USD/CAD--1.1689---3-01 5:50------- +31
10) S-EUR/JPY--156.10---3-01 6:44------ +67
--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +416

[quote=trader101;231694]UPDATE
CLOSED TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
1) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
2) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
7) B-AUD/USD--0.7879---3-01 5:48 Closed Loss -19
--------------------------------------------------

OPEN TRADE
PAIR-------OPEN-----TIME OPEN----CURRENTLY
3) B-GBP/USD--1.9628---3-01 5:40------ +6
4) S-USD/CHF--1.2188---3-01 5:40------ +25
5) S-USD/JPY--118.14---3-01 5:40 ------ +70
6) B-EUR/USD--1.3225---3-01 5:41------- +8

8) S-NZD/USD--0.7002---3-01 5:49------- +56
9) B-USD/CAD--1.1689---3-01 5:50------- +31
10) S-EUR/JPY--156.10---3-01 6:44------ +67
--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +397

UPDATE
CLOSED TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
1) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
2) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
7) B-AUD/USD--0.7879---3-01 5:48 Closed Loss -19
--------------------------------------------------
5) S-USD/JPY--118.14---3-01 5:40 Closed Gain +65
8) S-NZD/USD--0.7002---3-01 5:49 Closed Gain +65
10) S-EUR/JPY--156.10---3-01 6:44 Closed Gain +80
--------------------------------------------------
OPEN TRADE
PAIR-------OPEN-----TIME OPEN----CURRENTLY
3) B-GBP/USD--1.9628---3-01 5:40------ -7
4) S-USD/CHF--1.2188---3-01 5:40------ +17
6) B-EUR/USD--1.3225---3-01 5:41------- -8
9) B-USD/CAD--1.1689---3-01 5:50------- +39

--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +607

UPDATE
CLOSED TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
1) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
2) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
7) B-AUD/USD--0.7879---3-01 5:48 Closed Loss -19
--------------------------------------------------
5) S-USD/JPY--118.14---3-01 5:40 Closed Gain +65
8) S-NZD/USD--0.7002---3-01 5:49 Closed Gain +65
10) S-EUR/JPY--156.10---3-01 6:44 Closed Gain +80
--------------------------------------------------
9) B-USD/CAD--1.1689---3-01 5:50 Closed Gain +53
-------------------------------------------------
OPEN TRADE
PAIR-------OPEN-----TIME OPEN----CURRENTLY
3) B-GBP/USD--1.9628---3-01 5:40------ -8
4) S-USD/CHF--1.2188---3-01 5:40------ +15
6) B-EUR/USD--1.3225---3-01 5:41------- -11
--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +660

The new addendum to the original program is now functioning quite well, it can give a quick entry and can be used in any chart time frame. For quickest entry a 5 min char can be used and must confirm by the 15 and 30 min chart. I can also use the 1, 2, 3 or 4 hrs chart to be cofirmed by the 8 hours and 12 hours charts on the entry. I could also utilize the daily chart. So far i have been testing only the initial trend riding, i have not use the full potential that include riding the trend reversal. Most of the time I got already the 50 to 80 pips riding one way and just protecting it i dont ride the trip back. Perhaps next week i will try the full potential of riding all the way through from Monday to Friday for a certain pair and see what happends. I have notice so far that the most excellent pair to use with less losses is the EUR/USD but by far it was the JPY's that deliver a lot of pips this week.
Thanks for reading...

UPDATE
CLOSED TRADES (3-01)
PAIR-------OPEN-----TIME OPEN----CURRENTLY
1) S-EUR/USD--1.3215---3-01 1:49 Closed Loss -10
2) S-GBP/USD--1.9589---3-01 2:19 Closed Loss -20
7) B-AUD/USD--0.7879---3-01 5:48 Closed Loss -19
--------------------------------------------------
5) S-USD/JPY--118.14---3-01 5:40 Closed Gain +65
8) S-NZD/USD--0.7002---3-01 5:49 Closed Gain +65
10) S-EUR/JPY--156.10---3-01 6:44 Closed Gain +80
--------------------------------------------------
9) B-USD/CAD--1.1689---3-01 5:50 Closed Gain +53
-------------------------------------------------
3) B-GBP/USD--1.9628---3-01 5:40 Close Gain +4
4) S-USD/CHF--1.2188---3-01 5:40 Close Gain +12
6) B-EUR/USD--1.3225---3-01 5:41 Close Loss -8
--------------------------------------------------
OPEN TRADE
NONE
--------------------------------------------------
NET TOTAL FOR THIS WEEK --- +668

You're having an unbelievable week, trader101. Congratulations. Are you using a different method or improving your method from the previous week? Or have the markets just been more effecient than last week? Sorry if you've already answered this, I might have missed it. Once again, keep up the great work.

I could have continue on the last 3 trades but i cant read the 10:00 ISM report so i rather clean it up and will resume trading after the 10:00 news report. My program will have a good perspective of the direction after this report and perhaps we can ride it through until tommorrow.

Thank you... sir...for the kind words..
The method was the original one since 4 weeks ago all the indicators are the same except the method of entry. The original one is a little reluctant because perhaps afraid of losses. The entry now is more aggresive if i will use the 5min chart with confirmation from 15 and 30 min. If now entry is given by the 5, 15 & 30 then it goes to a higher frame chart for entry. Thats waht i mean by aggressive. Yes, also the last week was really bad because of the JPY rate indecision and everybody was hanging but normally i happend like 6 - 8 weeks in a year that the market is uncooperative. Also this week the trend action of the major pairs also the cross as very dominant. Again...Sir.. i would still say, perhaps it is just a lucky shots at the moment which we will know after a few more months of testing.
Regard

Looks like you're well over your 500 pip profit you wanted! Will you be sharing your method down the road?

Not at the moment, since we are still on the testing mode.. In time..I will.. sir..Thanks for being patient with me..

Thank you so much, Trader101, for sharing your trading experience with us.. Do you see any trades on the horizon today?