Direct-Trade +250% PA Day+Scalping Trading Journal.

#1
First Post: Edited Jun 27, 2010 7:54am Jun 22, 2010 4:07am | Edited Jun 27, 2010 7:54am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

I have been an active member of ForexFactory for over a year and all of my live posted trades are available to view below, producing over +300% profit with 1% to 2% risk per trade.

I have included every single trade taken by myself in the last 11 months.

All trades can be verified by clicking on the links to each trade. These are not “cherry picked” trades, but “warts and all”, every trade I have taken and posted in real time since August ’09.

Having received numerous requests from fellow traders, I have now become a Commercial member and provide a trade recommendation service sent directly via sms text immediately as I am about to take each trade.

This service includes the following:

A text is sent to all members as soon as I am about to enter a trade, each text shows the exact entry point, stop loss, take profit level and maximum risk. (In most cases 1%, but never exceeding 2%).

After receiving the text with the trade details, members can also log onto our members page and view the chart and analysis for that particular trade. This service is designed not to just make traders profitable, but more importantly to show traders exactly how I trade, how I see the market, and how to trade price action alone, without the use of indicators.

In addition, members also receive a text with details for a single daily trade. These single trades have a high success rate and produce an excellent return.

This service goes live on Monday 28th June and those interested are more than welcome to join our free trial.

Further details can be found on the website here.

Please bear in mind, the results below DO NOT include numerous other trades taken which have not been posted on ForexFactory, but I can tell you that profts exceed those shown below. Unsure? Take the free trial and see for yourself.

August 2009 – June 18th 2010

Total Pips: +13,247

Total Return on Investment: 118.57%

Total Compounded Return on Investment: 313%

Number of Trades: 122

Winning & Breakeven Trades: 93

Losing Trades: 29

Largest consecutive profit: +33.43 %, +3425 Pips.

Largest consecutive loss: 3%, -311 Pips.

Average Monthly Return: 10.78%

A trader with a $10,000 account for example, no withdrawals, following the same trades and using identical Money Management (i.e. Average 1% per trade):

Starting balance: $10,000

Aug: $10,797
Sept:$11620
Oct: $15826
Nov: $16510
Dec: $18109
Jan: $19578
Feb: $26639
Mar: $28246
April:$28274
May: $30063
June: $31376

Compounded Return over 11 Months: 313%

Scalp Trading Results:

Why didn't you post your scalping trades over the last year?

Due to the very nature of scalping, it is not feasible to post scalp trades with accompanying analysis in real time on the forums. By the time a Scalping post is made, I may have already begun to exit or add to the trade. Therefore most scalping results have not been included as they cannot be checked in the same manner as the day trades above. My scalping trades at 0.5% - 1% Risk average an extra +20-30% monthly on top of the results shown above.

I originally joined ForexFactory as ShakesFX in 2008.
I kept a journal and an update of my scalping trades as ShakesFX which were posted on a journal from Jan 14th-Feb 14th 2009. After some time I caused some controversy due to these results. (+3433 pips (using one position take profit at +10), and +5173 pips (leaving 2nd position to run and closing manually when stalling once 1st position closed and 2nd locked at breakeven)).
In Feb 2009 I decided to conduct a webinar to try and show that such returns were possible and in hindsight this was a bad decision on my part. Traders who had tried to this before warned me that by doing this, it would alter my trading makeup, affecting my trading for the worse. I should have listened to their advice.
Firstly, I had never traded live in front of +300 traders , secondly I had never used the webinar software before, in fact had never conducted any type of webinar before, and lastly but more importantly, trading under pressure in front of such a large audience including those who were constantly negative resulted in my abandoning the whole idea.
Of course, those who wished to see my downfall had their perfect excuse and that was that.
I was asked to leave ForexFactory after mentioning that I managed accounts. At the time FF had a policy of “No commercial Interest” and anyone who mentioned they provided a commercial service received the same treatment.
I rejoined as Direct-Trade and decided to just post long term set ups in real time and keep the scalping trades to myself. During last year in late 2009, FF changed their policy to allow commercial members and created the Commercial Section where I am right now. I decided that once I had posted long term setups over the period of a year I would declare that I was ShakesFX and allow everyone to scrutinise my results, results that were longer term and which could easily be verifiable.
The one year period is about to be reached. I fully understand the reasons behind those who discredited me, scalping results such as mine can be hard to believe.
However, by posting my longer term trades as Direct-Trade in real time on FF, it can be seen that the similar profitable results can be achieved.
ShakesFX +8606 pips: 461 trades over 4 week period: +8606 pips – (461 trades x 2 positions each trade x 2 pips spread per position) = 8606 – 1844 = +6762 pips.
The +8606 pips (+6762 pips after spread) scalping trades using 2 positions recorded by ShakesFX over a period of 4 weeks on the first page of the ShakesFX journal was hard for others to believe and led to infighting.
However by posting my long term trades as Direct-Trade, it can be seen that +6867 pips (+6667 after spread) pips were taken out of the market by Direct-Trade over a 14 week period August 09-October 09, a period three times as long, but remember we weren’t scalping. Direct-Trade achieved +6667 trades with 28 trades where as ShakesFX achieved +6762 pips with 461 trades.
Direct-trade long term trades took 3 times as long to achieve the same results as ShakesFX scalping trades, but achieved this with an 85% reduction in the number of trades taken which is preferable in today’s extreme market conditions.
Pips value is not important to me; I much prefer to think in terms of percentage growth for minimum risk. Trading the market such as Direct-Trade has done, with a 3% maximum drawdown to produce + 330% growth in 11 months is much more preferable to me than spending each and every day scalping. I still scalp, just not as frequently as I used to before the recession and panicked market conditions, however, scalping still produces excellent results.

#2
Jun 22, 2010 4:29am Jun 22, 2010 4:29am

poortrader
| Joined Jul 2009 | Status: Trader | 82 Posts

Dear Direct Trade brother,

Good to see your journal and trading blog.

Really amazing thanks for posting.

#3
Jun 22, 2010 5:43am Jun 22, 2010 5:43am

mp777
| Joined Feb 2006 | Status: Trader | 147 Posts

Nice trading.

It must have taken you a long time to put the post together with all the links in it.

chris

#4
Jun 22, 2010 6:01am Jun 22, 2010 6:01am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting mp777

Disliked

Nice trading.

It must have taken you a long time to put the post together with all the links in it.

chris

Ignored

Many thanks for your comments. Yes, it took a while but at least they are now in one place for easy reference.

All the best

#5
Edited 2:20pm Jun 23, 2010 5:24am | Edited 2:20pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

23/06/10

Scalps

[8:38:31 AM] DirectTradeFX: OK, GU, ready to go LONG 14880....
[9:24:35 AM] DirectTradeFX: Long now triggered....
[9:47:17 AM] DirectTradeFX: CLOSING HERE 14910 +30, +0.5%.....
[9:49:48 AM] DirectTradeFX: Getting ready for a SHORT SCALP at 14932 for +10.....
[12:43:17 PM] DirectTradeFX: SHORT TARGET TAKEN PROFIT, +10, +0.5%.....

+1%

#6
Jun 23, 2010 6:36am Jun 23, 2010 6:36am

kellera6
| Joined Aug 2009 | Status: Trader | 158 Posts

Nice trading!

#7
Jun 24, 2010 2:29am Jun 24, 2010 2:29am

medici
Joined Nov 2008 | Status: Trader | 3,270 Posts

Hi DT,

nice collection that documents your generous sharing and contribution to the site. Nice trading too

I'd like to ask you about mm/position sizing. You say 1% on average per trade. How did you arrive at that? Rule of thumb, statistics, your own psychological make-up, or something else?

The reason I'm asking is that I find it an interesting topic. I know people (pros) who never risk less than 5% per trade.

And you can do various statistical calculations on your trading record which, I believe, in your case would indicate that a larger averge risk per trade could be justified from a return/drawdown perspective.

Personally, I have experimented with this and found that it's more than anything a matter of my own mental make-up, i.e. what size can I trade without getting emotionally unbalanced. For me that's in the 2-5% range with my own money, and 1-2% managing others.

Any thoughts on that?

#8
Edited 5:24am Jun 24, 2010 4:25am | Edited 5:24am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting medici

Disliked

Hi DT,

nice collection that documents your generous sharing and contribution to the site. Nice trading too

I'd like to ask you about mm/position sizing. You say 1% on average per trade. How did you arrive at that? Rule of thumb, statistics, your own psychological make-up, or something else?

The reason I'm asking is that I find it an interesting topic. I know people (pros) who never risk less than 5% per trade.

And you can do various statistical calculations on your trading record which, I believe, in your case would indicate that a larger averge risk per trade could be justified from a return/drawdown perspective.

Personally, I have experimented with this and found that it's more than anything a matter of my own mental make-up, i.e. what size can I trade without getting emotionally unbalanced. For me that's in the 2-5% range with my own money, and 1-2% managing others.

Any thoughts on that?

Ignored

Hi Medici, thanks for your comments.

Excellent points.

It is certainly a matter of mental make up.

For example,I always think in terms of % and not in absolute cash figures.

Mentally, for me, a 1% to 2% loss on a £multi million account for example would be the same as a 1-2% loss on a £100k account. The absolute cash figure is not important when I am trading, only the percentage profit / loss.

I see a 1% to 2% loss on a trade as a business expense from trading the market and is to be expected. On the other hand, a 30% profit in a month is taken as the market just showing that my entries are correct, but with fewer business expenses.

If I changed my from the normal 1%-2% and traded at 5% per trade for example, this would probably change something in my trading behaviour.

My risk at 1-2% is at a level I am very comfortable with, but still provides a return of over 300% compounded.

Psychology in trading is something that many traders do not pay attention to, I believe, as you do, it is key, and difference between successful traders and average traders.

#9
Jun 24, 2010 6:25am Jun 24, 2010 6:25am

hindart
| Joined Apr 2009 | Status: Getting better! | 272 Posts

Thanks DT

I just came across this journal. Its great.
I promise I will go through each and every trade of this journal by this weekend. Thanks for sharing.

Regards

#10
Jun 25, 2010 2:23am Jun 25, 2010 2:23am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

It has been a pleasure helping others over the last year, however, it is time for me to move on.

Reason here at:

Shakesfx, scalping the pip out of it thread: http://www.forexfactory.com/showthre...34#post3829534

I wish you all the best in your trading

Best regards

ShakesFX

#11
Jun 25, 2010 2:57am Jun 25, 2010 2:57am

LittleLuca
| Joined Feb 2009 | Status: BoB | 97 Posts

DT,

I had a feeling yesterday when you mentioned your broker and tick charts. Because in 10 years you are the first person I know who uses them on that broker! (same broker you used in the demonstration you ran!)

Well I think I would say that you have proven to all that you have made your calls and pips... on a time frame which could easily be verified!

I hope that you get everything you want from it!

LL

The winner of the rat race is still a rat.

#12
Jun 25, 2010 5:41am Jun 25, 2010 5:41am

ehrek
Joined Jan 2009 | Status: Price action! | 610 Posts

Awe, cute.. look everyone..

Another signal service..

I didn't know you had anything to do with this guy; http://www.forexfactory.com/member.php?u=66974

lowest draw down possible please.

#13
Edited 2:39pm Jun 25, 2010 6:04am | Edited 2:39pm

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Quoting LittleLuca

Disliked

DT,

I had a feeling yesterday when you mentioned your broker and tick charts. Because in 10 years you are the first person I know who uses them on that broker! (same broker you used in the demonstration you ran!)

Well I think I would say that you have proven to all that you have made your calls and pips... on a time frame which could easily be verified!

I hope that you get everything you want from it!

LL

Ignored

Glad you spotted it. Have been dropping hints for a while now. All the best littleluca, take care

www.shakesfx.com

#14
Jun 28, 2010 1:51am Jun 28, 2010 1:51am

glynnt
| Joined Jun 2008 | Status: Trader | 95 Posts

D-T, if your scalping trades offer another 20-30% a month will you be including those in your service?
Regards
G

#15
Jun 28, 2010 7:56am Jun 28, 2010 7:56am

jgadefelth
| Joined Jan 2008 | Status: Trillion Dollar Man | 1,495 Posts

Als o will u teach how you scalp show tha paing members ?

best regards

#16
Jun 29, 2010 11:27am Jun 29, 2010 11:27am

ukdaytrader
Joined Dec 2008 | Status: Trader | 2,753 Posts

www.shakesfx.com site down. Saying not published.

#17
Jun 30, 2010 2:42am Jun 30, 2010 2:42am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Website being updated, back on line at end of NY session today, 30th June 2010.

Regards

#18
Jul 1, 2010 2:41am Jul 1, 2010 2:41am

direct-trade
| Commercial User | Joined Mar 2009 | 2,480 Posts

Thank you for your participation over the last 5 days.

I have 2 open trades remaining, GU Short 15100 locked in at break even, currently +180, TP 14650

U/Chf Long 1.0800 currently -80. TP 1.1250-90

I am linking into www.zipsignals.com starting next week, as this will enable traders to watch trades live on their own mt4 terminal (download a mt4 demo if you wish and watch in real time as trades are placed directly onto your platform). This will solve the problem I have had this week of only looking for setups that I can ensure will reach other traders via text in time, meaning few trades.

www.zipsignals.com Trader: shakesfx.com

The other benefit of course, is you will be able to see exactly which setups I take and why. After time you will be able to develop your own style and move on with the knowledge gained from learning via price action on the tick and 1 minute chart in real time.

This is also a signal service, so I will save Twee the effort and move this thread to the recycle bin shortly as it is against FF rules to allow signals promotion, along with a few other types of commercial interest.

Thanks FF for letting me post my charts and setups over the last 12 months

All the best

#19
Jul 1, 2010 2:10pm Jul 1, 2010 2:10pm

45Condor
Joined Aug 2009 | Status: Technical fundamentalist | 2,202 Posts

Your thread was a pleasure. All the best.

Author of: For Pip's Sake! (Available at Amazon... :-) )

#20
Jul 7, 2010 2:00pm Jul 7, 2010 2:00pm

ukdaytrader
Joined Dec 2008 | Status: Trader | 2,753 Posts

....Time to get back on the horse DT.
You haven't waited for a year only to bail at the first hurdle.

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