Pipcruiser live journal

Hi FF people,

I have decided to make this journal at FF, in order to keep track of my trades and have some fun also. I hope also this will improve my discipline as following a system disciplined day in and day out can be quite boring and therefore some time leads to decissions, not being part og the plan/system.

I have backtested the 2 systems I am going to trade heavily, and hence I have confidence in them IF I stick to my plan and MM difentions. I have not traded those 2 systems live before, I will use a seperate account for each system. One system is based on GBPJPY and the other is based on gold. As the gold system trades on a 4H TF, this will have far less trades than the GBPJPY system, which trades on 30 min TF.

Accounts:

GBPJPY account (Acc.1)
Equity as of 23. of March 2007 USD 3.200.

Gold Account (Acc.2)
Equity as of 23. of March 2007 USD 3.100.

Total Accout equity as of March 2007 = USD 6.300.

My max risk per trade will be 5%, so If both accounts have
a trade going on, my max. total exposure will be 10%.

Let's see where it will take me, I have a monthly pip goal of 500 which I will be more than happy to achieve on a consistent basis .

All comments are welcome, now let's start waiting for the next entry signal....

See you around,

Pipcruiser

I look forward to any journals about GBP/JPY.

Good luck....

OK here is the first trade

Short GBPJPY @ 231.34

SL 50

Initial TP 100

(If +75 move SL to BE)

Risk 5%

Thank's tdion,

hope to see u around,

Pipcruiser

My first trade got stopped out before my original 50 pip SL, as my system gave me a stop and reverse signal. The trade was over 100 USD in profit at some point, but reversed and now we are with the bulls...

Stopped out @ 231.67 for a - 33 pip loss.

Long @ 231.69

SL 50

Intial TP 100.

Risk 5%

To look at the bright side I will now get positive swap instead of negative swap .

Have a nice weekend folks...

Pips this week : - 33
Pips this month : - 33
Pips since 23/3/07 : - 33
USD since 23/3/07 : - 111
ROI since 23/3/07 : - 1,7%

Hi guys,

been out of the house for 2 days, hence no active trading, missed
a bull signal on gbpjy, and my active trade got stopped out at - 50 pips.
No big deal, but I don't like to be away to much from my screen...
I am working on getting my strategies down on specs, and then maybe I will trade it automated, which will require less screen time ..

Anyway, let's wait patiently for a new signal...


Pips this week : 0
Pips this month : - 83
Pips since 23/3/07 : - 83
USD since 23/3/07 : - 281
ROI since 23/3/07 : - 4,5%

Hey there,

new entry,

short GBPJPY @ 231.96

SL 50

Initial TP 100

(If +75 move SL to BE)

Risk 2 %

Hello

moved my SL down to - 20 pips at 232.16.

Trade is still in positive pips, but momentum has slowed
down a bit, let's see where it ends.

Going to bed now, btw my timezone is GMT +1.

Morning guys,

my short trade hit my initial 100 pip target overnight .

The reason I call it initial is, that due to my strategy I will
normaly let it run and or take some profit out at + 100 pips.
But guess what? Last night I was so tired that I only focused
on adjusting the SL and forgot the TP setting, LOL...
(another good argument to get my EA coded!!!)

Anyway I dont complain, the trade went my way and I am now
waiting for the next opportunity...

Pips this week : 100
Pips this month : + 17
Pips since 23/3/07 : + 17
USD since 23/3/07 : - 30
ROI since 23/3/07 : -0.05 %

Hey there,

new entry,

long GBPJPY @ 230.39

SL 50

Initial TP 120

(If +75 move SL to BE)

Risk 2 %


________

My long trade hit profit target, adjusted to 120 pip.

Today was news day (JPY CPI numbers) so I decided to lock in
my profit, better safe than sorry .

In the weekend I will work on getting my strategy automated...

Next week will be easter holiday, so this means less trading ...

Here is the results after 1 week of trading :

Pips this week : 220
Pips this month : 137
Pips since 23/3/07 : 137
USD since 23/3/07 : 260
ROI since 23/3/07 : 3,41 %

All in all im satisfied with my first "journal" week, even I was not able to trade this monday, where i "lost" some pips, but never mind...

Have a nice weekend/easter holiday out there..

Hey there,

new entry,

long GBPJPY @ 234.75

SL 50

Initial TP 100

(If +75 move SL to BE)

Risk 5 %

I am more confident to be long (than short) now, and my system gave this signal while I was a sleep. Let's see where we end

Hey guys,

just wanted to comment a bit on the GBPJPY, while waiting for it to choose direction. the last 30 hrs or so the pair have been trading in a very narrow range, about 80 pip range, less than half than the normal ATR range the last months. Price is moving up and down between 234 and 235.

Generally I am bullish, but then again, I only take the trades my system gives me, long or short. But now we are long and let's hope it will break 235, then I see room for at least 150-200 pips. I have loosened my stop a bit, so it is now @ 233.84, so there is a little room for a "false dip" below 234.

We have GBP news coming out in 1 hr, let's see if these can help the market establish direction

Generally I like best to be out on "red" news days, but let's rock and roll today, if stopped out, there is always another trade coming up ...

Happy trading/easter holidays.

Hi guys,

got stopped out on my long gbpjpy trade, as news spike stopped out
my position only to reverse again ...but that's how it works sometimes, especially when news is around. Today it was the BOE interest statment, which decided to keep interest at 5,25%.

Often I don't trade at news days, but today I decided to keep the position and loosen the SL, which cost almost double loss, but no guts no glory.

Next week I will catch up, but first I will enjoy my Easter holiday ...

Results for the week:

Pips this week : - 70
Pips this month : 67
USD since 1. of April 07 : - 619
USD since 1. of April 07: 9,88 %

Hey there,

new entry,

long GBPJPY @ 234.42

SL 90

Initial TP 200

(If +75 move SL to BE)

Risk 3 %

Hoping soon to get this pair out of the ranging period, which has lasted almost a week now . It has been a whipsaw zone bigtime ...

Hi guys

Finally this pair got back in shape and showed some action again, right now
its + 150 pips .

I moved SL to 234.42. (BE).

New TP is moved to around 238 area, maybe I will take some partial profits.

Hi folks,

this week was a good week full of action. Finally the GBPJPY started showing more momentum after it has been ranging for almost 2 weeks.

Closed my long position from monday @ 236.68 for a 226 pip gain.

Looking forward to next week, have a nice weekend


Pips this week : 226
Pips this month : 293
USD since 1. of April 07 : 7
USD since 1. of April 07: ,1 %

Hi guys,

yesterday I had another bull signal and I went long this pair again. I couldnt post much, as the site was down due to the hacker attack.

Meanwhile I went long at 237.25 and took my profit at 238.50,
net 125 pips.

Pips this week : 125
Pips this month : 418
USD since 1. of April 07 : 505
ROI since 1. of April 07: 7,9 %

Hey there,

new entry,

long GBPJPY @ 239.08

SL 50

Initial TP 50

Risk 6 %

Hey pipcruiser !!!!! Looks good!!