Jeffpips Trading Journal v2.0

Ok, here we go again.

Overview:
Trading the GBP/JPY for starters.

1) Positions set at beginning of Europe session.
2) Buy and Sell set 50 pips above and below opening price. (Being a consecutive buy and sell and cutting the loser at 50 pips)
3) TP's at 50,100,150,200 and 250 pips (average of 150 pips)
4) SL set to 100 pips (Which is actually stop and reverse)
5) Trailing Stop set to BE + 5 after 3rd TP hit.
6) Positions will not be reset after a SL is taken out.

There is a method to my madness.
It's actually a buy and sell with cutting the loser at 50 pips. I may move TP and SL based on ATR.

Results
February: +106
March: +628

+106 pips for Thursday.

Didn't place trades today as I was out. Wish I had of though, would have been 200 + pips. Oh well, plenty of fish in the sea.

Your journal has lost a page whilst i was reading it?

There was something wrong with your maths for Feb. losses came to 396?

Are you referring to the other journal? I had a 4hr system that I decided to close after consecutive losses. I'm pretty sure I was still + though.
After reassessing I decided to start with a new system. Hence journal v2.0 was born.

If you are referring to the pic above, the buy is what I refer to as one full lot. The sells are actually TP's at 20 pips intervals and represent 1/10th of the buy.
This is only one side of the system. I have another account with a sell at -100 pips from price at start of the day and buys at 20 pip intervals as TP's. This didn't get hit so I didn't bother posting.

For the purposes of the journal I calculate pips on the average of a full lot, or 1/10th of each TP, if you follow me.
For my own spreadsheet I'm more concerned with % increase of course.

No i was reading this journal .flicked to page 2, refreshed my browser and all of a sudden it was back to a 1 page journal

Just looked at your other journal . and that i have never seen before

DONT BS!

Don't know. Don't care. Talk to FF if you are having problems with your browser. I barely got my 2nd post out before you popped in, and have only had one trade with this system.

Well, Feb is soon to be over, just one more days interest payments, then back to trading on Monday.

GBP/JPY short from 138.30

Decided to cut it short when it looked like price might bounce and to make sure I get a few pips on the board.

TP: +62 pips

GBP/JPY long
Took out a few TP's then hit SL.

-58 pips

I am moving SL to 200 pips. So once a position has been hit it's essentially a stop and reverse.

TP's are moving out to 300 pips to compensate.

I reset the long that was taken out yesterday. It didn't finish it's move until today.

I set Buys and Sells today along with yesterdays position, so effectively had a double lot going north when price moved earlier.

1st Lot(from yesterday): +88
2nd Lot(todays): +68
Total for today: +156

Not much to report.

Short was hit at 139.70

First TP hit then trailing stop took out position,
for a total of: +15 pips

Wow that was nasty. I was out working and completely forgot about the news on Friday.

Anyway it ranged all afternoon, taking out both positions and their SL's

-400

After looking back over the charts I am making some changes to my trading strategy beginning next week:

1) Positions set at beginning of Europe session instead of midnight GMT
2) Buy and Sell set 50 pips above and below opening price. (Being a consecutive buy and sell and cutting the loser at 50 pips)
3) TP's at 50,100,150,200 and 250 pips (average of 150 pips)
4) SL set to 100 pips (Which is actually stop and reverse)
5) Trailing Stop set to BE + 5 after 3rd TP hit.
6) Positions will not be reset after a SL is taken out.

I will update 1st post with new info.

Buy and Sell both taken out with their SL's

Oh well. Sit back and relax and start again tomorrow.

-200 pips

Tuesday Stats:

GBP/JPY long taken out then hit SL
-100 pips

Short position hit. Took out first few TP's then SL at BE +5
+33 pips
Total: -67 pips

Wed:

Both positions taken out. One hit SL the other +138 pips

-100
+138
Total: +38


Thur:
Both positions taken out.
Short first hit two TP's then SL
Long hit all TP's

Short: -36
Long: +147
Total: +111

Fri:
Long hit 136.37: Looking for target of 139.00

FRI Update:

Cool that will do.

GBP/JPY long: +128 pips

Until next week.

Monday
Buy hit at 138.45
3 TP's hit then SL at BE +5

Total pips: +62

Tue:
Short hit 138.16
flat all day

Wed:
Short hit 137.64

Thanks to a large spike down
Tue lot: +116
Wed lot: +105

Total: +221

Thur:

Long taken out. First 3 Tp's hit then last 2 hit trailing stop.

Total: +65 pips

Fri:

Long taken out. Closed early

+66 pips