tradin' the daily

Journal to track trades based on MACD indicator and daily price action

5/3/10 - 5/7/10
pips for the week

Closed:

S/GBPUSD +200
S/USDCHF +200
S/EURUSD +200

OPEN:

S/AUDUSD
S/GBPUSD
L/USDCAD
L/USDCHF
L/USDJPY

Closed:

S/EURUSD +200

What is this?

position status for the week

Closed:

S/AUDUSD +200

Closed:

L/USDCAD +200
L/USDCHF +200

No new trades for the remainder of the week.

Closed:

S/EURUSD +200

No new trades.

Closed:

S/AUDUSD +200
L/USDJPY -200

stats for week ending 5/7:

pips = +1800
total trades = 11
win = 10
loss = 1
win rate = 90%
r/r = 1:1

5/9/10 - 5/14/10

Open:

S/AUDUSD
S/EURUSD
S/GBPUSD
S/USDJPY

Open:

L/USDCAD
L/USDCHF

Closed:

S/GBPUSD -200

Open:

S/GBPUSD

could you post a brief description of the strategy ? where to enter, exit ?

nice going, lots of 200 pip gains

Closed:

S/EURUSD +200

Open:

S/EURUSD

Using the macd-dot as my only indicator for direction and price action on the daily for entries. I only trade in the direction of the indicator. I'll wait for a pullback if price is going against macd and enter when I see price moving in agreement. The entries are somewhat discretionary because I don't wait for the daily candle to close. Take profit and stops for now are 200 pips.

Closed:

S/USDCAD -200

Closed:

S/GBPUSD -200

Open:

S/GBPUSD

Market is not favorable at all this week. Will stay with trading plan and keep grinding it out.

Closed:

S/GBPUSD +200

Open:

S/GBPUSD

Closed:

S/EURUSD +200
B/USDCHF +200
S/GBPUSD +200