2 Weeks Trading Experience

AUD/USD 88.20 & 88.70
USD/JPY 85.35 & 85.00
AUD/JPY 76.30 & 75.80

Pepe

All trades running and open

usd/jpy -15 pips (x2)
aud/usd + 40 pips (x2)
aud/jpy +23 pips (x2)

I know the only true is the final result, but this is how I am over the week end. No complains.

Good week end to all.

Pepe

until 24 GMT.

Pepe

AUD/USD 88.70 + 100 pips
AUD/JPY 76.30 + 100 pips
Moving both open remaining positions to break even, so no more risk.

USD/JPY moving both targets to 85.64 (+50 pips x2)

+217 pips secured in this public trading experience...and 2 open positions very well in profit.

I am not interested in PIPS but in ROI, but I know in the forums people think in pips.

Pepe

for Monday. Lets see if open trades goes to targets today.

Pepe

so all open positions (2) usd/jpy) and (1) aud/usd and (1) aud/jpy are all risk free.

Attaching a chart of UY.

Both lots of usd/jpy reached its target for a total of +100 pips more, and a new grand total of + 317 pips in this experience.

Aud/usd second lot was stopped out at break even, and aud/jpy short still running and well in profit at this moment (+90)

Pepe

GBP/USD SM2L

Targets: 1.5570 & 1.5510

I am moving the target of open aud/jpy to 75.40.

Pepe

moving stop of second lot of gbp/usd open to break even.

second lot of aud/jpy was closed at break even.

So far + 398 pips and 1 open no risk position.

Pepe

As you can see my my chart... market stopped in my initial target.

Will how this position at least until 24 GMT.

Pepe

all orders effective at 24 GMT

AUD/JPY SM2L
NZD/JPY SM2L

Targets & stops later.

Pepe

GBP/USD . I will took off the target and keep it open for awhile. Is on the verge of the abism. Is risky because need to break the low, but since I am not risking anything but open profits, I am willing to do it.

AUD/JPY. Target 1 76.60, target 2 open for awhile

NZD/JPY. Target 1 60.25, target 2 open for awhile.

It will an exciting last day for this experience. Please note that I use appropriate leverage (no leverage, sub leverage or very low leverage) when trading more than one pair or position. I am already + 24% this month and not interested to risk too much. Remember even so the forums are the PIPS world, in the real world what matters is ROI, profits not pips.

Pepe

My expectation is for a break (see daily chart) but in normal circumstances my second position would be closed at 1.5544. Lets see. I learned to be more patient when not risking my capital.

Pepe

it was "almost" funny, retraced and took my second lot of gbp/usd at break even.

aud/jpy and nzd/jpy running in separate way at this moment, will keep watching.

Pepe

1 lot of audjpy target reached + 83 pips.

Open Trades, audjpy (no risk trade) use 76.32 as target (+111 pips potential).
nzdjpy both lots target 60.50 (+80 pips potential total).

So far (closed trades) + 481 pips in the experience. That is +10% in 2 weeks trading at 2 x leverage.

Lets see how this ends.

No more new trades, THIS EXPERIENCE IS FINISHED. As soon as the open trades close I will be back to my cave.

Good trades to all.

Pepe

All open positions (3) in profit at this moment.

Will post an update when any reach its target, or stop, or if there is any change.

Pepe

NZDJPY + 80 PIPS (+40 X2)
AUD/JPY + 111 PIPS

TOTAL OF 2 WEEKS TRADING JOURNAL: + 672 PIPS.

Pepe

GBP/JPY SHORT 2L 137.61
TARGETS: 135.80 and 135.10
USD/JPY SHORT 2L 86.70
TARGETS: 85.60 and 85.20

RESULTS: Trades Not executed

GBP USD BUY 2L 1.5860
TARGETS: 1.5977 and 1.6030
RESULT: -70 X 2

USD/JPY SHORT 2L
TARGETS: 85.40 and 85.05
RESULTS: + 56 & +101

AUD/USD BUY 1L
EUR/USD BUY 1L
RESULTS: CLOSED AT BREAK EVEN

AUD/USD SHORT 2L
RESULTS + 100 & break even

USD/JPY SHORT 2L
RESULTS + 50 pips x 2

AUD/JPY SHORT 2L
RESULTS: + 100 & break even

GBP USD SHORT 2L
RESULTS: + 80 pips & break even

AUD/JPY SHORT 2L
RESULTS: + 83 & + 111

NZD/JPY SHORT 2L
RESULTS: + 40 x2

Hi, I am still trying to find a system that gives me a real edge, so far I am doing ok, but I am far away of being consistent. I would like to know if you can continue you trading journal, may be just posting your views of the market, or general positions, so I can compare with what my systems tells to me.
TIA

Hi

Sorry I took my day off, no trading, no charts not even internet.

OK, I will post my daily views most days, lets try for another 2 weeks and see, just note that I will be trading less and less this month because my profits are above average, so I am not too much interested to take risks.

Also remember my suggestion to you is not to trade forex, you must be a professional to win, all other is plain BS. People that come to forex an find a system to make them rich in (1 month, 6 months, 1 year, 2 years, etc, you choose the time) are like the ones than won the lotto, that is not the average, not the true.

It took me 5 years full time to graduate at university, and then I just realized that I knew nothing...why trading, the most rewarding profession in the world, could or should be different?

I know the answer to my own question above, 1) it is because looks easy 2) brokers are the evil telling you that is even easier LOL

It is almost funny to see that there are thousands of "profitable" systems in the forums, hundreds of EA or Robots that will make you rich in no time, but the no funny part is all is not true.

Trading is not (only) about a profitable system, money management is as much important, and the psychology (this is even more important than the other 2).

Peace & Love

Pepe