Trader32 Scalping & Swing Journal: £10,000 goal for 2011

I am a retail forex trader. For the last two years I have made consistent profits, predominantly from scalping but also from a swing trading approach.

For 2011 my goal is to generate £10,000 in trading profits. This journal will chart my weekly progress.

Trader32


My scalping results for 2009 and 2010 were:

2010:

+£1646 trading profit for 2010

December +£147
November +£377
October -£33
September +£40
August -£13
July -£224
June - no recorded trading
May - no recorded trading
April +£202
March +£422
February +587
January +£141

(Note...I changed from my USD account to GBP account in September, so have converted all USD figures to GBP at 1.56 for simplicity. January to August was $1782 profit)


2009:

+$995 trading profit for 2009

December +$396
November +$599
October +$650 (demo)
September +$267 (demo)

Scalping

17th to 21st - +£126 (+10.1 pips) trading profit (200k)
10th to 14th - +£99 (+15.7 pips) trading profit (100k)
3rd to 7th - +£18 (+3.3 pips) trading profit (100k)

Swing

2 trades in USDCAD - £214 trading profit.

Going forward I will post my weekly results in more detail.

cool, whats your initial deposit?

I have about £10-15k for margin at the moment, but may add to that as I grow my size. I focus more on the profits generated rather than % of opening account balance.

Results for week 4:

Scalping (200k trades)

24th +£30 / +2.4 pips
25th -£36 / -2.8 pips
26th +£245 / +19.5 pips
27th -£39 / -3.1 pips
28th +£2 / +0.2 pips

Week: +£202 / +16.2 pips

No swing trades this week

YTD: +£659

Results for week 5:

Scalping (300k trades)

31st +£21 / 1.1 pips
1st No trading
2nd +£41 / 2.2 pips
3rd +£71 / 3.8 pips
4th +£34 / 1.8 pips

Week: +£167 / +8.9 pips

No swing trades this week

YTD: +£826

Good stuff, now following on blogger.

i would love to see you posting your
rationale for taking the trade, and where you took profits, where you panicked where you waited too long.

in other words not just results but the process, it would help a lot of people as well as yourself, to see exactly why and how your trades came about the outcome (desired or undesired)

Not speaking for T32 but there are a few more details, trade review, charts at his blog: www.trader32.com

Thanks Sam/the redlion,

Yep, I post all of my trades on my blog along with screen shots.

It is pretty simple stuff, looking to enter on a cross of Guppy Multiple Moving Averages and jumping out before price has chance to reverse. I use a higher hit rate to compensate for having unprofitable trades larger than my profitable trades.

Results for Week 6:

Scalping (300k trades)

7th +£78 / +4.8 pips
8th +£52 / +2.8 pips
9th No trading
10th +£67 / +3.6 pips
11th No trading

Week: +£197 / +10.6 pips

No swing trades this week

YTD: +£1023

Results for Week 7:

Scalping (400k trades)

14th +£127 / +5.1 pips
15th No trading
16th No trading
17th No trading
18th +£25 / +1.0 pips

Scalping: +£152 / +6.1 pips

2 swing trades:
USDCAD +£47 / +7.9 pips (100k)
EURUSD +£20 / +0.8 pips (400k)

Swing: +£67

Week: +£219

YTD: +£1242

Results for week 8

No trading.

Results for week 9:

Scalping (400k trades)

28th +£98 / +4.0 pips
1st No trading
2nd -£196 / -8.0 pips
3rd No trading
4th No trading

Scalping: -£98 / -4.0 pips

No swing trades.

Week: -£98

YTD: +£1144

Results for week 10:

Scalping (400k trades)

7th +£42 / +1.7 pips
8th +£193 / +7.8 pips
9th +£19 / +0.8 pips
10th +£114 / +4.6 pips
11th +£172 / +6.9 pips

Scalping: +£540 / +21.8 pips

2 Swing trades:
USDCAD +£112 / +35.2 pips (50k)
EURUSD +£93 / +30.1 pips (50k)

Swing +£205

Week: +£745

YTD: +£1889

This has been my best week of trading so far. Not only did I capture my biggest scalping pips haul, but I also did it on my largest size so far. Two profitable swing trades on smaller size were the icing on the cake!

Results for week 11:

Scalping (500k trades)

14th +£40 / +1.3 pips
15th +£158 / +5.1 pips
16th -£228 / -7.3 pips
17th +£226 / +7.3 pips
18th No trades

Scalping: +£196 / +6.4 pips

3 Swing trades:
EURJPY +£333 / +87.1 pips (50k)
AUDUSD +£215 / +69.0 pips (50k)
EURUSD +£43 / +13.9 pips (50k)

Swing +£591

Week: +£787

YTD: +£2676

My scalping performance was a little disappointing this week, due mainly to the loss on Wednesday. That 7.3 pip loss, on a long entry at 1.38824, is all the more annoying with price above 1.41 today, but that is the downside to being a scalper.

My swing trading on the other hand has produced a very nice profit this week, helped in large part by the events in Japan.

Results for week 12:

Scalping (500k trades)

21st +£122 / +4.0 pips
22nd No trading
23rd +£46 / +1.5 pips
24th -£217 / -7.0 pips
25th +£143 / +4.6 pips

Scalping: +£94 / +3.1 pips

1 Swing trade:
GBPUSD +£124 / +40.4 pips (50k)

Swing +£124

Week: +£218

YTD: +£2894

My scalping loss on Thursday has really taken the edge off this week. I seem to be running in to more losing trades in my scalping recently. It is all the more annoying as they always seem to come back to my entry eventually...but I know I dare not play the waiting game when trading larger size.

Just the one swing trade this week. The markets were fairly quiet with few news events. I am drawn to parity play trades on USDCAD and AUDUSD, but for now I am holding off.

Results for week 13:

Scalping (500k trades)

28th No trading
29th No trading
30th +£112 / +3.6 pips
31st No trading
1st No trading

Scalping: +£112 / +3.6 pips

No closed swing trades this week.

Week: +£112

YTD: +£3006