Take the money and run.....

Going to start a journal.

I will be trading EU exclusively trying to catch intra/interday trends.
I will be employing a 3 position strategy using a modified stocastic, a MACD and a trend following indi such as the GannHiLo. (One position based on each indicator). I may have both long and short positons open at the same time, so will be using a sub account at Oanda.

Where this trading may differ from other methods is I will be taking money off the table when a trade is in profit and letting the remainder run. I will post the trades I make and their end result here.

Probably going to use the 1hr timeframe. I have yet to settle on take profit or stop loss levels, but am looking to tweak as time goes on.

Will be trading demo for the first few weeks, but this is not for fun. I fully intend to bring this strategy online asap.

More to follow.

First trade taken. Long EU @ 1.3271. 20 pip S/L.

Trade based on 1hr Stoc and visit to previous resistance.

Chart.



08:45 gmt. Update: Half closed for +15. Other half set to B/E.
09:02 gtm. Update: Other half S/L moved to +5
09:10 gmt. Update: Other half S/L moved to +10.
09:55 gmt. Update: Other half stopped out for +10.

TRADE 1 SUMMARY: 15+10/2= +12.5 pips.

Trade 2. Long EU. 1/2 a postion @ 1.3308. S/L @ 15 pips.

10.32 gtm. Update: S/L moved to B/E. Free trade.
12.15 gmt. Update: S/L hit for 0 pips.

TRADE 2 SUMMARY = 0 pips

Trade 3. Short half a position EU @ 1.3209. S/L 15 pips. Will add if we go lower...

Riskier early entry trade.

12.27 gmt Update: S/L hit. -7.5 pips

TRADE 3 SUMMARY = -7.5 pips

Trade 4. Short EU @ 1.3315. S/L 15 pips.

15.45. Update: S/L hit -15 pips.

TRADE 4 SUMMARY = -15 pips

Trade 5. Long EU @ 1.3364. S/L 15 pips.

16.06 gmt, Update: Closed half +13. S/L moved to B/E .....that moved quickly.
16.15, Update: S/L on other half moved to +5
16.17, Update: S/L on other half moved to +12. Strong move, hoping it will trigger further buying.
16.31, Update: S/L on other half hit for +12.

TRADE 5 SUMMARY - 13+12/2 = +12.5 pips.

Trade 6. Short EU @ 1.3374. S/L 15 pips.
Only looking for a few pips here on the retrace.
17.08 gmt, Update: Trade closed manually +1. Not worth taking the risk on further quick upside.

TRADE 6 SUMMARY - +1 pip

Trade 7. Long EU @ 1.3376, S/L 15 pips.

Multiple signals for long on the 1hr TF.

17.20 gmt, Update: Moved stop from 15 to 5. Not trusting the lack of any real inertia.

17.33 gmt, Need to step out for a while. Gunna let this one run. Targeting 1.3399 to close first half. Price alert set.

Hey dude, for the kind of pips you are trading, you definetely should look at some faster timeframes then H1.