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EUR/JPY journal

  • #61
  • Aug 26, 2009 6:05am Aug 26, 2009 6:05am
No trade today. There was no breakout before the 03:00GMT candle. As per our rules, that means no trade.

Account Status
Starting Balance: $929.46
Today's P/L: $0(0.00%)
Current Balance: $950.66 (+2.28%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 55 KB
  • #62
  • Aug 27, 2009 10:48am Aug 27, 2009 10:48am
A winner today.

Entry (short) at 133.55
Lots: 0.18
First half closed at 133.09 (+$4.49)
Second half closed at 133.08 (+$4.51)

Summary:
Breakout of the low of the 00:00GMT candle occurred at 01:01GMT. Initial stop was set at 100-pips. Price bounced around for a while right around our entry point, the made it's move during the 13:00GMT and 14:00GMT candles to take out the +50 target at 14:06GMT - half was closed, and the 100-pip trail kicked in. At 15:00, the second half of the trade was closed.

Account Status
Starting Balance: $929.46
Today's P/L: +$9.00 (+0.95%)
Current Balance: $959.66 (+3.25%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 66 KB
  • #63
  • Aug 27, 2009 2:57pm Aug 27, 2009 2:57pm
Slow bot sure the % is growing cgrey.. thanks again for your work.

Danny
  • #64
  • Aug 27, 2009 6:40pm Aug 27, 2009 6:40pm
Quoting rebelheart
Slow bot sure the % is growing cgrey.. thanks again for your work.

Danny
I'm a slow and steady kind of trader

We're probably going to fall short of my 5% goal for the month. And at about 60% winners, I'm still not completely sure this method will be a long-term winner. We'll see what next month brings...

We may still have potential.
  • #65
  • Aug 28, 2009 6:03am Aug 28, 2009 6:03am
No trade today. Breakout did not occur before the 03:00GMT candle. As per our rules, that means no trade.

Account Status
Starting Balance: $929.46
Today's P/L: $0(0.00%)
Current Balance: $959.66 (+3.25%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 51 KB
  • #66
  • Aug 28, 2009 1:22pm Aug 28, 2009 1:22pm
For any silent followers, my post on Monday (31-August) will be much later in the day than normal. I will be traveling on business (maybe someday I won't have a full-time job getting in the way of my trading), and don't expect to be near a PC to check in until late in the day/evening local time.
  • #67
  • Aug 29, 2009 9:18pm Aug 29, 2009 9:18pm
Quoting cgrey
For any silent followers, my post on Monday (31-August) will be much later in the day than normal. I will be traveling on business (maybe someday I won't have a full-time job getting in the way of my trading), and don't expect to be near a PC to check in until late in the day/evening local time.
trading is a solitary journey my friend ... as possible try to manage ur journal as if u were talking to urself only...

with time and some luck ppl will start following your thread...

but not even if u r doing really good means ppl will follow it...

just never let the lack of feedback stops u...

best of lucks.
  • #68
  • Aug 30, 2009 6:51pm Aug 30, 2009 6:51pm
Quoting iiivb
with time and some luck ppl will start following your thread...
Not my goal at all, but thanks for your concern.
  • #69
  • Aug 30, 2009 10:07pm Aug 30, 2009 10:07pm
This trading system looks very interesting and promising. I live in the U.S. and have been trying to come up with a profitable system to trade the Asian session for years. I plan on testing the system myself this week.

Along with trading Forex, I’ve recently started trading the Nikkei and Hang Seng stock markets and its really hit me that most of the action in the yen will follow the moves in the Nikkei when it opens at 8 P.M EST. What I like about this system from what I’ve seen so far is that the timing is perfect to exploit any moves in price action when the Nikkei opens. Too many times this pair does a “head fake” between 7 and 8 PM EST. Waiting until the Nikkei opens seems to be the best way to trade EUR/JPY or any yen cross.

Looks like a great system and looking forward to future journal posts.
  • #70
  • Aug 31, 2009 8:19am Aug 31, 2009 8:19am
Quoting traderct
This trading system looks very interesting and promising. I live in the U.S. and have been trying to come up with a profitable system to trade the Asian session for years. I plan on testing the system myself this week.

[font=Calibri][size=3]Along with trading Forex, I’ve recently started trading the Nikkei and Hang Seng stock markets and its really hit me that most of the action in the yen will follow the moves in the Nikkei when it opens at 8 P.M EST. What I like about this system from what I’ve seen so far...
This was very similar to my thoughts when I first discovered the thread that the system was introduced in. I'm surprised that the discussion in that thread seems to have died down, and that more people didn't take an interest in the system. Obviously, it's early in my testing, but so far, it does look promising - especially for such a low-maintenence system.
  • #71
  • Aug 31, 2009 9:56pm Aug 31, 2009 9:56pm
The Asian session can be a tough one to trade which is why this system caught my eye. I have a day job so that’s the only time I can day trade. It’s gotten better since the collapse of the carry trade a few years ago. I remember the yen pairs not moving more than 10 or 15 pips the entire Asian session when the carry trade was in full swing. Now it seems there are 2 or 3 times a week you can get 50 pips or more with EUR/JPY, usually when the Nikkei opens. If you can net 50 or 100 pips a week with a system like this you’re doing good.
  • #72
  • Sep 1, 2009 7:03am Sep 1, 2009 7:03am
It looks as though the demo account I had been running this system in expired.

So, for the month of September, I've opened a new demo with $5000. Unfortunately, I didn't get this done until today, so there is no trade today. Visually, however, it looks like today would have been a small winner.

So, the month of trading will start with tonnight/tomorrow (2-September), on a balance of $5000 demo dollars.

Account Status
Starting Balance: $5000.00
Today's P/L: $0(0.00%)
Current Balance: $5000.00 (+0.00%)
  • #73
  • Sep 1, 2009 8:49am Sep 1, 2009 8:49am
im waiting for profit im in......
  • #74
  • Sep 2, 2009 10:18am Sep 2, 2009 10:18am
The month starts with a loser...

Entry (long) at 132.03
Lots: 1.0
Both halves closed at 131.67 (-$39.58)

Summary:
Breakout of the high of the 23:00GMT candle occurred at 01:33GMT. Initial stop was set at 100-pips. After breaking out of a range, price moved up and came close to testing the +50 target. Then, reversed, and came close to testing the 100-pip SL. In the end, neither the first TP target or the SL was triggered, and the trade closed at 15:00GMT for a loss.


Account Status
Starting Balance: $5000.00
Today's P/L: -$39.58(-0.79%)
 Current Balance: $4960.42 (-0.79%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 66 KB
  • #75
  • Sep 3, 2009 6:12am Sep 3, 2009 6:12am
No trade today.

No entry was triggered before 03:00GMT.

Account Status
Starting Balance: $5000.00
Today's P/L: $0(0.00%)
 Current Balance: $4960.42 (-0.79%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 51 KB
  • #76
  • Sep 4, 2009 7:42am Sep 4, 2009 7:42am
Two losses in a row...

Entry (lshort) at 131.97
Lots: 0.99
Both halves closed at 133.05 (-$114.38)

Summary:
Breakout of the low of the 00:00GMT candle occurred at 01:14GMT. Initial stop was set at 100-pips. Price reversed after entry, and climbed to take out the 100-pip SL at 12:15GMT.

Account Status
Starting Balance: $5000.00
Today's P/L: -$114.38(-2.31%)
 Current Balance: $4846.04 (-3.08%)
Attached Image (click to enlarge)
Click to Enlarge Name: ej.jpg Size: 60 KB
  • #77
  • Sep 8, 2009 6:19am Sep 8, 2009 6:19am
Late update for Monday, due to the Holiday in the US.

Monday's trade was a small loser, mostly due to limited volume. For the day, the loss was $19.60 (roughly) 0.40%.

Account Status
Starting Balance: $5000.00
Today's P/L: -$19.60(-0.40%)
 Current Balance: $4826.44 (-3.47%)
  • #78
  • Sep 9, 2009 1:23pm Sep 9, 2009 1:23pm
Been falling behind a little this week - busy at work and it's gotten in the way of regular journal updates.

Small losers both Tuesday and Wednesday. Hopefully tomorrow I will be back to my "normal" posts with summary and screenshots. Account information below is current as of today.

Account Status
Starting Balance: $5000.00
Today's P/L: -$28.48(-0.60%)
 Current Balance: $4729.12 (-5.42%)
  • #79
  • Sep 10, 2009 8:03pm Sep 10, 2009 8:03pm
Haven't been trading this stratlately but not looking so good huh? Given any thoughts on optimization yet or still gonna let it go for a while to see how it will play out.

Just from backtesting- this strat has only been profitable for 09. Both 07 and 08 lost money. Seems like this strat does good for a while then south for a while.

Thinking about optimizing for the week gone by then using those settings for upcoming week. Doing this for 08 gave profitable year and very low DD. (try to update setting with market conditions - this is the only way I know how to with this strat.

Just my 2 cents
  • #80
  • Sep 11, 2009 6:08am Sep 11, 2009 6:08am
Quoting jtmoore007
Haven't been trading this stratlately but not looking so good huh?...
Nope. This week hasn't been real good. I'm still running it, but have been busy enough at work that it's been hard to keep up with the journal. Today looks like a winner, but so far for the month the demo is down 6.7%.

Still, I'm not deviating from my plan. After 3-months (which will be the end of October), if it is worth spending time trying to optimize, I'll make that decision then. If it is a clear loser at that point, I'll simply move on.
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