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Gamblers forex, stocks and futures strategy

  • #1
  • First Post: Edited Feb 1, 2009 7:09am Dec 8, 2008 2:02pm | Edited Feb 1, 2009 7:09am
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.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #2
  • Edited 4:34pm Dec 8, 2008 2:21pm | Edited 4:34pm
Here is a possible trade on the USD/CHF pair
Long at 1.2297 with a stop loss at 1.2211.
Short at 1.1924 with a stop loss at 1.2013
Target should be twice the risk.
http://img254.imageshack.us/img254/3...vngivetft3.jpg

I also have a possible stock trade
The stock is Adobe (ADBE:xnas)
Long if the stock goes to 23.66 with a stop at 22.63. The target should be twice the risk.
Short if the stock goes to 19.53 with a stop at 20.58. The target should be twice the risk.

http://img385.imageshack.us/img385/3...vngivetjs3.jpg

And here is a possible futures trade
The future is Crude Oil Brent continuous (LCOc1)
Buy at 55.06 with a stop loss at 51.14
Sell at 39.23 with a stop loss at 43.08
Target is twice the risk
http://img156.imageshack.us/img156/6...vngivetkq5.jpg

There are many other possible trades but these are the instruments I am going to follow the next few days.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #3
  • Dec 8, 2008 4:01pm Dec 8, 2008 4:01pm
Here is a trade I have made today. I made this one manually.

Green line = enter long, blue line = target and red line = stop loss.
http://img393.imageshack.us/img393/9...vngivetdo7.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #4
  • Dec 9, 2008 7:14am Dec 9, 2008 7:14am
Hi Gambler 180


Youve shown some nice graph pictures but


How does your new system work , what are the rules and instructionsto follow .


Forfac
  • #5
  • Dec 9, 2008 8:44am Dec 9, 2008 8:44am
Quoting forfac
Hi Gambler 180


You've shown some nice graph pictures but


How does your new system work , what are the rules and instructionsto follow .


Forfac
I just wait for a break above or below a high or low and cut my losses small and let my profits run.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #6
  • Dec 10, 2008 8:52am Dec 10, 2008 8:52am
Here is another forex trade
http://img228.imageshack.us/img228/5...vngivetrp8.jpg

I also have a futures trade
The future is Cocoa (CCc1)
http://img184.imageshack.us/img184/49/unavngivetdg5.jpg

The status for now is.
AUD/USD -69 pips
USD/CHF Waiting
EUR/USD Waiting
Adobe (ADBE) In a loss but has not hit the stop loss yet.
Crude Oil Brent (LCOc1) Waiting
Cocoa (CCc1) Waiting.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #7
  • Dec 11, 2008 9:54am Dec 11, 2008 9:54am
My EUR/USD position has not been opened because I wrote 0.3089 as the entry price instead of 1.3089. If I had typed 1.3089 I would have had a nice unrealised profit now.

The status for now is
AUD/USD +43 pips
USD/CHF +25 pips
Adobe (ADME:xnas) Stil in minus
Crude Oil Brent (LCOc1) Waiting
Cocoa (CCc1) Entered but not at the entry price because there was a huge gap between close and open price. As you can see on the picture below the market hasn't moved much so I will close the position for a little loss.

http://img444.imageshack.us/img444/3...vngivetio8.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #8
  • Dec 11, 2008 11:19am Dec 11, 2008 11:19am
Here is a futures trade.
The future is NY Gold mini continuous (YGc1)
Buy now,
Stop loss at 807.0,
Target at 868.4
http://img517.imageshack.us/img517/6...vngivetkd6.jpg

The status for now is
AUD/USD +110 pips
USD/CHF +60 pips
Adobe (ADME:xnas) Stil in minus
Crude Oil Brent (LCOc1) Waiting
NY Gold mini continuous (YGc1) Position has just been opened.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #9
  • Dec 11, 2008 4:46pm Dec 11, 2008 4:46pm
Adobe (ADBE:xnas) Did not move up as expected. Instead it moved down and hit stop loss but I have a new setup.
Buy at 24.03 with a stop loss at 22.88
Sell at 20.59 with a stop loss at 19.48

http://img504.imageshack.us/img504/4...vngivetkw0.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #10
  • Dec 11, 2008 10:43pm Dec 11, 2008 10:43pm
I think I will change the profit/loss ratio for the forex trades. I have to do some backtesting in forextester before deciding that.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #11
  • Edited 2:59pm Dec 12, 2008 2:32pm | Edited 2:59pm
Today the USD/CHF position hit my target and I earned 182 pips.
I decided to close the AUD/USD position manually and I lost 35 pips on that position.

Here are a few setups for next week
Green=buy, Red=sell, Blue=Stop loss
http://img123.imageshack.us/img123/9...vngivetdj4.jpg

http://img123.imageshack.us/img123/6...vngivetyg5.jpg

http://img123.imageshack.us/img123/1...vngivetrj6.jpg

The status for now is
USD/CAD Waiting
GBP/CHF Waiting
EUR/JPY Waiting
Adobe (ADBE:xnas) Waiting
Crude Oil Brent (LCOc1) Waiting
NY Gold mini continuous (YGc1) Smal unrealised loss.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #12
  • Dec 12, 2008 10:14pm Dec 12, 2008 10:14pm
Here is a weekly EUR/USD trade. I will buy when the market opens at monday. As you can see I don't use stop loss or target.

http://img412.imageshack.us/img412/3...vngivetgb5.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #13
  • Dec 13, 2008 10:22pm Dec 13, 2008 10:22pm
Quoting Gambler180
......Cocoa (CCc1) Entered but not at the entry price because there was a huge gap between close and open price. As you can see on the picture below the market hasn't moved much so I will close the position for a little loss.......
I forgot to say that this loss was so small that I am not even going to count it.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #14
  • Dec 14, 2008 5:06pm Dec 14, 2008 5:06pm
Today I have many futures and stocks setups. I think it's more than 10. I will post the pictures when I have a break of a low or a high.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #15
  • Dec 16, 2008 2:10pm Dec 16, 2008 2:10pm
Today I have closed the EUR/USD I made based on the weekly chart. I can't imagine that EUR/USD will rise much further and I am satisfied with a 572 pips gain. The first post has now been updated.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #16
  • Edited 7:33am Dec 17, 2008 6:51am | Edited 7:33am
GBP/CHF and USD/CAD entry targets have been hit and I have chosen to close the positions. I earned 442 pips.

http://img91.imageshack.us/img91/4396/unavngivetor6.jpg

http://img91.imageshack.us/img91/6162/unavngivetoe7.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #17
  • Edited 7:32am Dec 17, 2008 7:11am | Edited 7:32am
Here is a stock trade.
The stock is Ebay (EBAY:xnas)

Bought at 14.65. Target at 15.87 and stop loss at 14.03

http://img149.imageshack.us/img149/2...vngivetws6.jpg

and here are some futures trades

The first is Mini sized wheat continuous (XWc1)
Bought at 549.70 target at 595.95 and stop loss at 526.58
http://img149.imageshack.us/img149/2...vngivetob7.jpg

The second
The future is Wheat continuous (ZWc1)
Open at 559.16. Target at 611.60 and stop loss at 532.91
http://img79.imageshack.us/img79/1404/unavngivetbm2.jpg

third
The future is COMEX Copper High Grade continuous (HGc1)
Sold at 135.04 target at 115.10 and stop loss at 144.51
http://img79.imageshack.us/img79/6932/unavngivetnp4.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #18
  • Dec 18, 2008 9:01am Dec 18, 2008 9:01am
My EUR/JPY order has hit the entry target and I have closed the order for a profit of 149 pips.

http://img357.imageshack.us/img357/7...vngivetoi3.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #19
  • Dec 19, 2008 9:46pm Dec 19, 2008 9:46pm
NYBOT Cotton No. 2 continuous (CTc1) has hit my buy entry and it has also hit my stop loss.
http://img291.imageshack.us/img291/4...vngivetqb1.jpg

Wheat continuous (ZWc1) has also hit my buy entry and I would have earned money on this one. The mid line on this graph is the entry
http://img291.imageshack.us/img291/9...vngivetuh1.jpg

I would also have earned money on the Gold continuous (YGc1) trade
The mid line would have been my entry
http://img291.imageshack.us/img291/7...vngivetnp3.jpg

The stock Adobe (ADBE) has in this week been very close to hitting my buy entry target. Just 2 to 3 pips more and at would have hit the entry proce and lost.
If slaughterhouses had glass walls, everyone would be a vegetarian!
  • #20
  • Edited 7:47pm Dec 21, 2008 7:16pm | Edited 7:47pm
I have a lot of pending orders this week.

Green = buy, red = stop loss and blue = target.
http://img528.imageshack.us/img528/3...ngivet4wv4.jpg

red = sell, green = buy and blue = stop loss.
http://img528.imageshack.us/img528/7...ngivet4br8.jpg

red = sell, green = buy and blue = stop loss.
http://img165.imageshack.us/img165/3...ngivet4we6.jpg

red = sell, green = buy and blue = stop loss.
http://img165.imageshack.us/img165/9...ngivet4sd8.jpg

red = sell, green = buy and blue = stop loss.
http://img148.imageshack.us/my.php?i...ngivet4ci5.jpg
If slaughterhouses had glass walls, everyone would be a vegetarian!
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