LeonLorenzo Breaks the rules.

The Following is from the 8 days ive traded since I started this journal.

Trades taken - 49
Losses - 12
Wins - 37
Average loss -$23.95
Average win - $33.63

Below is a screenshot of all my trades since the account switch.

Tremendous results Leon, keep up the good work!

Thanks alot mate, and dont worry..... Im going to try with all my might to keep it up. Only another $3500 to make untill Im ready to go live with a small account.
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To be honest, Im still a little worried about my lot sizes. Idealy I want to go to Uni and then start to manage funds for others after I have built up a track record. But from what I gather by reading and asking questions, anything over 20% profit a year is classed as suspicious.

Any opinions, should I be cutting back on my lots? As I am now im trading 0.1lot on a $5k account, a maximum of .5lots at any one time(happens, but is very rare).

EU is in the sales, ill have to snap some up before it all goes.

EDIT: Looking good, I got short EU at 1.3992, wow that would feel good with real money. Actually, it felt good anyway!

I think I could probably increase returning traffic to my journal by 5% by adding a MoveingAverage to my charts, add a MacD and some stochs and the skys the limit.

I am enjoying the thread Leon,keep it up!Could you throw in a few more charts?

I could, but I see little point to be honest seens as their not very interesting.

Heres one, Like ive writen before, markets seem to love averages, plus the fact that there was (in my eyes) nearly zero chance price would just carry on up and through all the resistance above, they all had to come in selling at some point.

This is the chart posted above but with an alternate ending. Imagine all that has happened in the past few days happened on my edited chart posted below aswell, could you really see price doing this? I couldnt, and this has been a factor in every trade in this journal on, Based on what wont happen.

Leon

Happy new year to everyone,
May we all get everything we deserve in the new year,

Regards, Leon

Edit: 5 1/2 hours to go till the NY, Its time I got shaved and showered for the night out.
Hope youll all have a good one.

And right back at ya....... and keep up the good trading

Quick question for you leon..What do you mean by avereges?Thanks!Good new year to you also.I am on central time so you are a little ahead of me.I am still at work.Not for long though.

I simply meen 50%(ish) retraces, because of how markets tend to range. Nothing spectacular.

I hope you had a good new year, I know I did. I can tell 2009 is going to be a great year!

Since I have only been trading this way for a matter of weeks, ive been wondering if the markets have been anymore predictable recently. To be honest Im totaly blown away by how my trading has been going since the begining of this journal.

Everything im doing seems logical, so I understand why I am winning more than loosing, but I didnt expect to be doing so well.

Has anyone found the markets anymore predictable recently?

Update of trade results...

..if you have time. I know you're charts are "naked" without indicators but I for one would like to see a more of your logic/entry/exit points to help me with my own entries (I'm finally sick of indicators and think I have seen the light in terms of simply trading s/r in the direction of the trend!)

Good luck trading in 2009

Jason

I had nothing to do this afternoon so I read the "New market wizards" book, it was a great read, very interesting and entertaining. The only way It could have been better is in Audio, or even Video format........lol, yes im that lazy.

Results uodate...

Nice Job

I suffered two big losses earlier, price hit my Cut-off-point, maby I could have reduced the loss if I was at the Laptop, but thats all past tense.

Im in a trade currently, will update later.

I suppose I needed the sharp shot of reality sooner than later.

Leon

Great song lyrics, followed by the link, also the theme tune to an amazing film.............

He deals the cards as a meditation
And those he plays never suspect
He doesn't play for the money he wins
He doesn't play for the respect
He deals the cards to find the answer
The sacred geometry of chance
The hidden law of probable outcome
The numbers lead a dance

I know that the spades are the swords of a soldier
I know that the clubs are weapons of war
I know that diamonds mean money for this art
But that's not the shape of my heart

He may play the jack of diamonds
He may lay the queen of spades
He may conceal a king in his hand
While the memory of it fades

I know that the spades are the swords of a soldier
I know that the clubs are weapons of war
I know that diamonds mean money for this art
But that's not the shape of my heart
That's not the shape, the shape of my heart

And if I told you that I loved you
You'd maybe think there's something wrong
I'm not a man of too many faces
The mask I wear is one
Those who speak know nothing
And find out to their cost
Like those who curse their luck in too many places
And those who fear are lost

I know that the spades are the swords of a soldier
I know that the clubs are weapons of war
I know that diamonds mean money for this art
But that's not the shape of my heart
That's not the shape of my heart

http://uk.youtube.com/watch?v=locIxsfpgp4