khernandez

this is more for myself to keep me honest, but if anyone else finds it interesting or helpful, so much the better.

i basically trade jacko-style (member since Feb 2009) but have recently branched out some with great success.

Currently trade 6 pairs - 2% risk per trade - set limit orders every 50 pips with +100 pips TP. No firm stops although my guidelines are a trendline and the 50-day EMA.

Current trade directions:

EUR/USD short
USD/JPY long
AUD/USD long
USD/CAD short
USD/CHF long
GBP/USD long

14 open trades at the moment, overall position -6.05%

I usually check in during the morning and again in the evening since I work/go to school and dont have access during the day.

This week so far has been very very good and I will total up over the weekend.

Currently 15 open trades, -4.18%

Week's summary: +21% +939 pips

Month's summary +35% +1484 pips

khernandez, you're using limit orders. Does this mean you're waiting for a 50 pip retrace before you enter the trade in the direction of the trend?
And what time frame(s) do you use to determine the direction of the trend? One higher time frame or all (daily, weekly and monthly)?

Khernandez , all these trades are in trend direction and sound about right , but;

You are shorting E/U and longing A/U , why don't you short The EUR/AUD ??

Same with G/U and U/CHF , why didnt you long the G/CHF ??

fewhills- daily charts only - every 50 pips in direction of trend (so adding positions as the trend continues but each has a +100 TP)

brb - i only added 6 of the most common pairs - i am looking at each of them individually and not at all together


i have no idea how this will play out in the long run but so far so good. i have already surpassed my goal for the year.

15 open trades , Do u close all of them if the total P/L is +ve certain pips or you wait for each one indvidually?? I have 8 open trades and I am waiting to close all on +700 pips.

I'm treating each trade individually and will only close them if i think that the direction of the trend has changed.

Beginning of week update:

15 open trades (3 AUD/USD long, 2 EUR/USD short, 2 GBP/USD long, 3 USD/CAD short, 3 USD/CHF long, 2 USD/JPY long)


-2.72% U P/L

Overnight activity: 2 TPs (AUD and GBP)

currently 13 open trades, U p/L +2.49%

monday/overnight:

1 TP (EUR/USD short); 4 SLs (at BE when trade has gone +50); currently 10 trades open, -7.00% U P/L


Set a few more limit orders and reconsidered TP (reducing to 50) for several pairs with lower 14-day ATR than EUR.

tuesday EOD: 3 TPs (2 on EUR/USD short, 1 on USD/CHF long)

Current: 12 open trades, -11.69% U P/L

Wed AM: 1 TP overnight (USD/JPY long); closed 2 GBP/USD trades for a loss of 374 pips.

Current 11 open trades, -6.5% U P/L

Thurs AM: 3 TPs (EUR/USD and USD/CAD short and USD/CHF long); 2 SLs at BE (USD/EUR short and USD/CHF long)

Currently 8 open trades, -3.38% U P/L

FRI am: 1 TP (USD/JPY long)

Current 12 open trades, -10.3% U P/L


Will total up week later after market closes.

End of week/end of month totals:

week: + 826 pips, +14%

month: +54%

Weekend prep:

Redraw trend lines.

Increase position size.

1 TP overnight (EUR/USD short)

Currently 15 open trades, -7.30% U P/L

End of day update: 3 TPs (USD/JPY and USD/CHF long, EUR/USD short)

Currently 13 open trades, -5.44% U P/L

Overnight update: 4 TPs (2 EUR/USD, 2 USD/CHF)

Currently 12 open trades, -9.47% U P/L

End of Day update:

5 TPs (1 USD/CHF long, 2 EUR/USD short, 2 GBP/USD short)

Closed 4 USD/CAD trades, total loss 792 pips. Note to self: Identify which direction USD is moving.

Currently 7 open trades, - 5.71% U P/L

Morning update: 1 TP overnight (EUR/USD short)

Currently 14 open trades, -4.22% U P/L

Only trades in drawdown are AUD/USD. (see note to self from last night)