The Journal of Simplicity Trade

I am given permission to resume what Trader101 was doing before he got banned. The trading method is based on the method of Trader101, called "Simplicty". Please do not post anything related to this method as we will not be discussing about this on this thread.

As for now, I will be trading one pair at the time, one pair per week. This will further extend to one pair per specific market. This aims to record the best performance of our system on different pairs at different markets.

Trades posted here are not recommendations, follow at your own risk.

This journal will further enhance once Trader101 comes back, we will be trading more pairs and each will be recorded here.

Please feel free to post your comments on each specific trades I do.

This journal will begin with the following selected pair:

EUR/JPY for the week of April 23 to April 28.

My local time here is GMT+8, trades will be executed at anytime the chart gives me a signal.

This journal will be closely watched by Trader101, I will try to post his comments on the winnings and losings for trade reference.


May good pips be with all of you.


Regards,


Ikimashu

Monday 23 trade

Number: #1
Type: Live
Time: 12:03 PM
Pair: EUR/JPY
Trade: SELL
Price: 161.15
SL: 35 pips
TP: 60-70 pips

Trade Update:


Trade#1
SELL EUR/JPY @ 161.15
Current : 160.57

Net: + 58 pips


Comments: I am short 2 pips from initial Target Profit. Half of my open position will close at +60, 50% will look for additional 50 pips. This fall seems to be trending for the whole day, so this will the be only trade today. Will update again @ NY open.

Ps. Although the the fall of other JPY crosses resulted with my prediction, but I am glad I did not take those trades. My rule is to trade one pair at a time, one per per week, and I am sticking with it.

Regards,


Ikimashu

TRADE UPDATE

Trade #1
Time: 4:22 GMT +8

Target Profit of 60 pips Hit

Sold 50% of trading positions,

Remaining 50% with SL @ 161.00 (+15 from BE)


Regards,



Ikimashu

I wish you the best (ikimashu and t101) !!

Regards, Dariuske.

Good Luck

Wish you many pips

Thank you !

Regards,

(ikimashu and t101) LOL

Thank you WHTenn~ Nice meeting you!

May pips be with us !

Regards,


Ikimashu

Update Trade #1

7:11 PM GMT+8

Closed @ 160.74

So current pip:

50% === +60
50% === +41

Average pip earned: 50 pips.


My comments:

A reversal is currently on the way, might be strong might be weak, I have no idea. I will exit all my positions and wait for next sign. If the fall will resume, I will enter the trade again, if the reversal occurs then of course...I will buy.

So buying should be 161.10 or somewhere near...just my thinking, I will have to watch to confirm that!

good day !


Regards,


Ikimashu

7:14 pm GMT+8


Wow very strong reversal happenning here, I thought it'd be weak...

I got lucky this time I guess, but still the break of 160.70 already hits my trailling stop....is that still lucky ?


ps. to Trader101.
The exit there was the change in the falling trend on CAD and USD, specially CAD took a lot of my attention. Take a look on CAD/JPY and you will find the answer~ I think next entry will be soon, but I am on the way to dinner tonight~ my girlfriend's Birthday today!


Good luck to all of you~


Regards,

ikimashu

Tuesday 24 trade

Number: #2
Type: Live
Time: 4:52 PM
Pair: EUR/JPY
Trade: BUY
Price: 160.89
SL: 35 pips
TP: 161.20


Comment: Although the news will be out in 4 min. I decide to test the signal during news hours. One lot will be traded only.

Good luck to me~

Regards,


ikimashu

Trade Update


Trade #2

TP @ 161.20 triggered.
Net Pips : 31


Current Week Total: +81


Comment: I think I will have to talk about this aggressive (but turns out a success) trade with Trader101. I should have kept this trade open, but since I set a Limit on the trade it auto triggered the sell, also it is a single lot trade, I will not be able to take more profits from it. Trader101, I would very like to discuss this trade with you~ one additional point about this trade is that the TP was set too conservative, I should have looked for 50 pips or more~

PS. I am glad I traded only this pair, the other trades are too attractive...

thx