Hello fellow traders. In this journal I will post my forex trades
The currencies I will be trading are
AUD/CAD, AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY.
The system
I find the most recent high and low. I buy when the price breaks the high and sell when the price breaks the low.
The stop loss for sell orders is Low+(High-Low)/4
The stop loss for buy orders is High-(High-Low)/4
Target = twice the risk but I often close positions manually before they have reached the target.
I will start trading with this system from today (8th december 2008) in the forex market and I will post the the graph of my equity which will be updated every day here in the first post. My starting balance is $190 (Real money) and I will trade for 1 % of my balance in each trade. Maybe I will deposit more money in the future. When I have enough money to both cover the commissions and earn a nice profit on my trades I will also start to trade stocks, indices, and futures.
Here is the equity graph (Not updated in weekends)
http://img156.imageshack.us/img156/4...vngivetrz9.jpg
And here are the updated results of my trades
AUD/JPY Won 0 Lost 1 -14 pips
AUD/USD Won 2 Lost 0 +87 pips
CHF/JPY Won 1 Lost 0 +27 pips
EUR/CHF Won 1 Lost 1 +112 pips
EUR/GBP Won 1 Lost 0 +76 pips
EUR/JPY Won 2 Lost 1 +316 pips
EUR/USD Won 2 Lost 0 +121 pips
GBP/CHF Won 1 Lost 0 +421 pips
GBP/JPY Won 2 Lost 1 +207 pips
GBP/USD Won 2 Lost 0 +314 pips
NZD/USD Won 1 Lost 0 +55 pips
USD/CAD Won 2 Lost 2 +40 pips
USD/CHF Won 0 Lost 1 -104 pips
Total Won 17 Lost 7 +1658 pips
Profit+13,71 %
Update 13th December 2008
I also have a weekly EUR/USD system which according to a backtest has shown to be very profitable since 2000. I will not reveal the details of the system but I will post the trades here in this thread. I will start at 1000 virtual dollars and trade with 0.5%-1% of my account balance in each trade.
Here is the equity graph for this system
http://img156.imageshack.us/img156/6...vngivetps2.jpg
Update 23rd december As you can see in the first posts I have also posted futures and stock trades but I have now decided to only concentrate on the forex market until I have enough money to trade stocks and futures. From page 3 I have only posted forex trades.
The currencies I will be trading are
AUD/CAD, AUD/JPY, AUD/USD, CHF/JPY, EUR/AUD, EUR/CAD, EUR/CHF, EUR/GBP, EUR/JPY, EUR/USD, GBP/CHF, GBP/JPY, GBP/USD, NZD/USD, USD/CAD, USD/CHF, USD/JPY.
The system
I find the most recent high and low. I buy when the price breaks the high and sell when the price breaks the low.
The stop loss for sell orders is Low+(High-Low)/4
The stop loss for buy orders is High-(High-Low)/4
Target = twice the risk but I often close positions manually before they have reached the target.
I will start trading with this system from today (8th december 2008) in the forex market and I will post the the graph of my equity which will be updated every day here in the first post. My starting balance is $190 (Real money) and I will trade for 1 % of my balance in each trade. Maybe I will deposit more money in the future. When I have enough money to both cover the commissions and earn a nice profit on my trades I will also start to trade stocks, indices, and futures.
Here is the equity graph (Not updated in weekends)
http://img156.imageshack.us/img156/4...vngivetrz9.jpg
And here are the updated results of my trades
AUD/JPY Won 0 Lost 1 -14 pips
AUD/USD Won 2 Lost 0 +87 pips
CHF/JPY Won 1 Lost 0 +27 pips
EUR/CHF Won 1 Lost 1 +112 pips
EUR/GBP Won 1 Lost 0 +76 pips
EUR/JPY Won 2 Lost 1 +316 pips
EUR/USD Won 2 Lost 0 +121 pips
GBP/CHF Won 1 Lost 0 +421 pips
GBP/JPY Won 2 Lost 1 +207 pips
GBP/USD Won 2 Lost 0 +314 pips
NZD/USD Won 1 Lost 0 +55 pips
USD/CAD Won 2 Lost 2 +40 pips
USD/CHF Won 0 Lost 1 -104 pips
Total Won 17 Lost 7 +1658 pips
Profit+13,71 %
Update 13th December 2008
I also have a weekly EUR/USD system which according to a backtest has shown to be very profitable since 2000. I will not reveal the details of the system but I will post the trades here in this thread. I will start at 1000 virtual dollars and trade with 0.5%-1% of my account balance in each trade.
Here is the equity graph for this system
http://img156.imageshack.us/img156/6...vngivetps2.jpg
Update 23rd december As you can see in the first posts I have also posted futures and stock trades but I have now decided to only concentrate on the forex market until I have enough money to trade stocks and futures. From page 3 I have only posted forex trades.
If slaughterhouses had glass walls, everyone would be a vegetarian!