Monthly Trend Trading

I think it's important to keep a record of your progress when trading but updating excel sheets gets very boring so I'll do it here instead!

I intend to look at the monthly chart for the trend and then enter in that direction only once at the daily close/open (10pm gmt). I use a hard stop of 30 pips and move it to BE after it's up 30+ pips and leave it.

I started a few days ago and so far only entered on USD/CHF:

2 positions alive, 1 closed at BE, 1 full loss.
Position1: 187pips
Position2: 112pips

Realised Loss: 30pips

Was able to add an extra short position to USD/CHF today, and went long on EUR/USD but that died at BE.

USD/CHF:
3 alive, 1 BE, 1 loss
Position1: +298pips
Position2: +223pips
Position3: +110pips

EUR/USD:
1 BE

Nice one Rustam, would be following your results. BTW are you by any chance from Azerbaijan or some other part of the former USSR? I once worked with a mate who goes by the same name.

Hi ajantala,

Yea I am from Azerbaijan, although I moved to sunny Scotland many years ago!


USD/CHF didn't move much today so the position I opened this time last night is still there so I won't open another one. Was able to add one to EUR/USD though.

USD/CHF:
4 alive, 1 BE, 1 loss
Position1: +300pips
Position2: +224pips
Position3: +110pips
Position4: -4pips

EUR/USD:
1 alive, 1 BE
Position1: +163pips

The USD/CHF from 2 nights ago survived the fluctuation of the day, EUR/USD was taken out at BE before moving in my favour by 150 pips :/

USD/CHF:
4 alive, 1 BE, 1 loss
Position1: +379pips
Position2: +303pips
Position3: +190pips
Position4: +76pips

EUR/USD:
1 alive, 2BE
Position 1: +302pips

I won't be opening a position tonight because the spread is 10 pips so I will enter again sometime after sunday open.


I seem to have gotten quite a lucky start here and it will be very frustrating if price changes direction and all those positions die at BE.


On another note, so far realised loss is 30 pips and floating profit is 1250 pips. If i close everything now then avg profit is 250pips so thats a risk:reward of 1:8 with a 60% winrate...should be a multi millionaire pretty soon i reckon.....

None of last night's positions survived the day so I took 3 full losses of 30 pips.
Open profit is still about the same at about 1200, realised loss is 120 pips.

Because this is effectively a very long term plan, trading only a couple of crosses isn't a good idea and I'm far better spreading the risk over a bunch of currencies, that way when the inevitable big move happens, I'm more likely to catch it.

So having looked through a few charts I've now got 16 positions open accross 11 pairs. Naturally most of them will die tomorrow but ultimately the idea is that some survivors will carry over and while I will only add 11 new positions a day, my number of existing positions will slowly increase day by day. So from now on, rather than keeping track of individual trades, I will just keep track of the number of trades still alive.

I'm probably over exposed right now, risking 5% of my balance (not equity, which has now doubled :/) but I'm hoping that 30-40% of the positions will make it to at least BE so my total daily loss will be about 3%

Please advise, how is it taking a monthly chart if you are used in a 15min chart

Hi Gift Blessing,

I think you misunderstood my first post as I never mentioned 15 min charts. I called the thread monthly trend trading because I look at a monthly chart to show me the trend for the past few years and I then enter every day in that direction.

When I open a trade at 10pm I don't use a chart, I just open the platform and enter.

Out of the 11 positions I opened last night 7 died for a full loss, 1 died at BE, 1 is still open sitting on roughly BE (USD/JPY) and 2 survived the day. Opened another 10 (didn't add USD/JPY as last night's one is still alive) so I now have 18 positions open...let's see how many make it through tomorrow.


On a side note, I've noticed that at 10pm, when I open these positions, Oanda cranks the spread right up. Now 3 pip spread on a 30 pip stop loss is huge enough, but some spreads hit 10 pips :| So I now open positions at 8pm where the spread is below 3 on most.

It's getting quite hard to keep track of my positions now :/
6 of the new ones died. 2 died at BE, including 1 from a few days ago (not much of a trooper).

4 managed to survive the fluctuations of the day(1 only just) so with the new positions added at 8pm today I now have 20 positions :o

Overall the difference between floating P/L and closed P/L is +756 pips so we're doing OK for now.


On a side note, diversifying my portfolio (if you can call it that) means I can collect data much faster(@ roughly 200 trades a month) so 3-6 months down the line (if it lasts that long), I should have some data to either back this up or show that it's got no edge.

Hmmm, today was pretty rubbish. Took 7 losses, which isn't a big deal, but a lot of the breakeven positions from the last few days got taken out leaving me with just 5

My net pips is now +174. Saying that however, the initial 1-2 months I expect to be very volatile in terms of net pips, however the idea is that after a while I will have a handfull of solid positions accross the numerous pairs, which will steadily push the net pips up absorbing the losses I take along the way...thats the PLAN anyway.

Oh well, another 11 positions open so I'm on 16 now.

7 positions are still alive

floating pips: 926
closed pips: -957
net pips: -31

As usual not adding any trades late on friday as the spreads are too high. I'll be adding another 11 positions next week.

Spreads were horrible last night so had to open my new trades this morning, which left me with 9 survivors this evening. I added another 9 (mainly accross the CHF crosses) so sitting on 18 positions.

Net pips has crossed back over into +ve (only just) so I'm sitting on a massive +28pips.

Got beaten up today! Only had 5 positions left this evening with a net pips of -696

Still, added another 9 positions so we'll see how many of the 14 are still alive tomorrow evening.

Thanks to some good moves in my direction I have 8 survivors, so after opening another 9, I'm upto 17.

Net pips recovered to -166

I don't use charts day to day so I never post any, but I have to post yesterday's eur/usd trade. By far the most perfect trade I've ever taken...unfortunately no skill was involved

Nothing exciting happened today. Have 9 trades left from the 17 I had last night so with another 9 opened I'm up to 19.

Net pips is on -154 now.

Got my maths wrong in the last post. I had 18 positions not 19...

On Friday close I had 9 survivors again for a net pips of -878 my worst so far.

I'm back from my holiday to find only 3 surviving positions for a net pips of -1133

This week I'm adding 7 positions every day so after opening some this morning I'm now on 10.