2 Weeks Trading Experience

I am not interested to talk about me, but I must confess that dont like to post in forums and less to post about my trading so I am not sure why I decided to initiate this today.

I am a member o FF since year 2004, but rarely post in the last years. I am a real professional trader, not someone that appeared here last year, or last month. I am trading forex from 10 years now, and before that stocks, and commodities.

Said that, first at all I would like to declare that I believe most (but certainly not all) people in the forums are good people, and deserve the hard support needed to win.

Second, I want to state that in my humble opinion, most (and certainly almost all) indicator, systems, EAs, are absolutely worthless.

The best advise to a new forex trader is not to trade and look fortune elsewhere. This market WAS easy, and a goldmine in the beginning, when stops were honored by brokers, but now is every day (or almost) introduced by Winston Churchill: "I have nothing to offer but blood, toil, tears and sweat."

I will posting (initially for 2 weeks only, then we will see) every day before midnight GMT, some trades indicated by my proprietary system.

I am a technical trader, and my trading is based mostly in proprietary indicators based in stochastics, atrs and moving averages.

Sorry, I will not disclose my system further than what is said in this post. IMHO people has no idea of what a winning system cost, in term of efforts, time and money, 99% desist before to reach that point. This is the real reason why what is posted in matter of systems is mostly worthless (with some pearls of wisdom sometimes off course). ... good people that believe in what are saying, without remembering that the way to hell is paved with good intentions.

I will not post complete trades with stops and break evens because this is not a signal service, but I WILL post the trades BEFORE I enter them around Midnight GMT, with direction and targets and I will post the results.

I will use the following acronyms:

B: FOR BUY OR GO LONG
S: FOR SELL OR GO SHORT

1L = 1 LOT
2L = 2 LOTS

M= MARKET
P = PENDING

SO GBP/USD B2LM means buy 2 lots of gbp/usd at market at 24 GMT and GBP/USD S2LP1.5950 means to sell 2 lots of gbp/usd pending order at 1.5950.

Good Trading to All.

Pepe

NOTE: THE 2 WEEKS ARE LONG GONE. I WON, AND I AM NOW POSTING MORE RELAXED MARKET COMMENTS AND TRADES, BUT NOT WITH THE SAME PRECISION THAN IN THE 2 WEEKS EXPERIENCE.

Most trades are in continuation of yesterday positions, so no trades at market today.

GBP/JPY SP2L 137.61
TARGETS: 135.80 and 135.10

USD/JPY SP2L 86.70
TARGETS: 85.60 and 85.20

Good trades to all.

Pepe

gbp/jpy already reached my first target, but unfortunately the entry was not executed.
I am cancelling both pending trades now, and waiting for tonight new set ups.

Pepe

due to NFP I will not post trades for tomorrow. Any daily trades on this day are more a gamble than any other thing. So next trades will be on Sunday night for Monday.

Pepe

I use the EMA 144 (applied to close) in 1 hour charts to determine the short time trend, but not the direction of the trades (for that I use my system). Anyway I trade to stay away when price is too near this EMA and my system pointing a trade across it.

If you see this Friday, in addition of NFP gy, was just 10 pips away of 1h EMA 144!!

Good Trades to all.

Pepe

Hi,
I will be watching your trade journal.
It would help if when you post your trade you also post the outcome with a graph, showing the entry and the exit (no need to have your indicators on the graph if you don't want to show your system).

Hi,

Thanks.

OK, no problem to post some charts with the outcome of the trades.

Pepe

I dig the whole mysterious persona you've got going on, and I respect that. I like that your introduction to this was short, simple, and straight to the point. I respect that, and I'd like to see where this thread goes. I, also, am looking forward to seeing your charts and how it all plays out.

No clear direction on yen pairs, what is a signal of alert, specially on Sunday night.

I am not in a hurry to risk my money or my clients money (all in the same trades).

One of the things that are hard to realize to many new traders is, that not every day good to take positions.

FLAT for MONDAY.

Pepe

GBP USD B2LP 1.5860
TARGETS: 1.5977 and 1.6030

UY S2LM (AP. 85.96)
TARGETS: 85.40 and 85.05

Pepe

GBP/USD was stopped (-70 pips each), she really crashed todaybefore to coming up again.

USD/JPY reached target 1 (+56 pips and is running lot 2, with stop at break even.

Will decide soon if I will keep it or cash it.

Pepe

According to my set up there is no a single pair to trade in the direction of the latest trend, not even pending, most are no trades and a few yen pairs indicating a possible long, but since at the same time I have no indication of a bottom, will stay flat and safe not risking my money in this market conditions.

Will post new usd/jpy target in a few.

After a careful look in monthly, weekly and daily charts I am removing the actual target, and changing it to OPEN. Since the trade is already at break even and risk free I am willing to risk this nothing in pursuit of more pips.

Pepe

Will update if I change this target, and tomorrow night for new trades.

banking a little more than +100 pips now.

Pepe

The chart talks more than thousand words.

+101 pips in this second lot of usd/jpy

-140 + 56 + 101 = +17 pips.

Any positive makes me happy.

Pepe

AUD/USD BM1L now
EUR/USD BM1L now


TARGETS: IN NEXT POST

EUR/USD
TARGET: 1.3040
BREAK EVEN: 1.3000

AUD/USD
TARGET: 0.9049

Pepe

both approximately to break even (entry point).

in preparation to new trades.

Pepe

I am looking to short aud/usd, usd/jpy and aud/jpy at 24 GMT.

Will post targets later, after I took the trades in my plaforms.

Pepe

2 positions of each

Pepe