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fxozgirl....keeping it simple!

  • #121
  • Jul 5, 2011 4:26pm Jul 5, 2011 4:26pm
Quoting fxozgirl
update 05/07/11
usdchf

still in the trade, not too much movement yesterday
update 06/07/11
usdchf

Trade retraced to close at breakeven +2

Total pips = 54.4
Attached Image (click to enlarge)
Click to Enlarge Name: usdchf_tradeclosed_110706.gif Size: 19 KB
  • #122
  • Jul 5, 2011 4:29pm Jul 5, 2011 4:29pm
Quoting fxozgirl
update 05/07/11
gbpchf

still in the trade, again not much movement...I'm sure things will pick up tonight with the US back.
update 06/07/11
gbpchf

Trade retraced to jumping stop and closed last part of trade for 102 pips

Total pips = 258
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_tradeclosed_110705.gif Size: 20 KB
  • #123
  • Edited 4:50pm Jul 5, 2011 4:32pm | Edited 4:50pm
All trades are currently closed now and I am waiting for the close of the candle in about half an hour to see if any entries are confirmed.

Watching eurgbp looks like it may be ready to enter, and there are quite a few pairs that are in overbought or oversold, so will be keeping a close eye on what they do...

total pips since start of demo on 27/05/11 is 2097.1
  • #124
  • Jul 5, 2011 5:08pm Jul 5, 2011 5:08pm
06/07/11
eurgbp

opened sell 0.03 0.89764 sl 200 tp 500 be+2 50
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_110706.gif Size: 22 KB
  • #125
  • Jul 6, 2011 2:21am Jul 6, 2011 2:21am
Quoting fxozgirl
06/07/11
eurgbp

opened sell 0.03 0.89764 sl 200 tp 500 be+2 50
Hi there fxozgirl,

In this trade you have your entry at 0.89764 and SL 200. Does that mean your stop is at 0.89964?

Thanks
  • #126
  • Jul 6, 2011 2:35am Jul 6, 2011 2:35am
Quoting tradercnx
Hi there fxozgirl,

In this trade you have your entry at 0.89764 and SL 200. Does that mean your stop is at 0.89964?

Thanks

No, my stop loss is 0.91764
  • #127
  • Jul 6, 2011 2:58am Jul 6, 2011 2:58am
Quoting fxozgirl
No, my stop loss is 0.91764

Okay thanks
  • #128
  • Edited 3:35am Jul 6, 2011 3:06am | Edited 3:35am
Hello,

Have you considered adjusting your trade size as your equity rises and falls, I adjust mine to reflect a certain percentage of the account. As the account grows my trade sizing increases. If I take a hit I reduce my trade size. This way I keep my percent exposure the same all the time. Hopefully the trick is to trade bigger and bigger to the point where you say hey, wait a minute this is getting to be huge and then either withdraw some profits and get back to a reasonable level again without having too much on the table. Just a thought, wondered how you handle this aspect of money management.



Cheers
  • #129
  • Jul 6, 2011 6:52am Jul 6, 2011 6:52am
Quoting tradercnx
Hello,

Have you considered adjusting your trade size as your equity rises and falls, I adjust mine to reflect a certain percentage of the account. As the account grows my trade sizing increases. If I take a hit I reduce my trade size. This way I keep my percent exposure the same all the time. Hopefully the trick is to trade bigger and bigger to the point where you say hey, wait a minute this is getting to be huge and then either withdraw some profits and get back to a reasonable level again without having too much on the table. Just a thought,...

Yes, this is something I consider and would normally do on an account if this was the only strategy I was trading - compounding can be a beautiful thing.

Moving forward I am integrating this strategy into my existing live account, which has open trades at all times, accordingly I will (for now at least) keep to the same lot sizes I am demoing.
  • #130
  • Jul 6, 2011 3:56pm Jul 6, 2011 3:56pm
Trade retraced to jumping stop and closed last part of trade for 102 pips

Total pips = 258 [/quote]


fxozgirl
a great journal. It shows how stress free and simple trading can be if you have the patience.

Can you tell me what EA/tool you are using to manage your jumping Stops ? I don't have access to a PC whilst at work so my stops are currently set before I go to work.

thanks
  • #131
  • Jul 6, 2011 4:09pm Jul 6, 2011 4:09pm
Quoting stan3188
Trade retraced to jumping stop and closed last part of trade for 102 pips

Total pips = 258

fxozgirl
a great journal. It shows how stress free and simple trading can be if you have the patience.

Can you tell me what EA/tool you are using to manage your jumping Stops ? I don't have access to a PC whilst at work so my stops are currently set before I go to work.

thanks[/quote]


Hey Stan3188,

yes this has really shown me that trading doesn't need to be long hours and lots of stress

As for the ea, I am using Steve Hopwood's MPTM which you can find at this link http://www.forexfactory.com/showthread.php?t=89371
Hope you find it as helpful as I do.
  • #132
  • Jul 6, 2011 4:13pm Jul 6, 2011 4:13pm
eurusd, eurchf, eurjpy

Waiting for candle close in just under an hour...let's see what today brings


ps tradercnx...if I get a clear confirmation on eurjpy I have decided to take that trade on my live account today
  • #133
  • Jul 6, 2011 5:21pm Jul 6, 2011 5:21pm
Quoting fxozgirl
eurusd, eurchf, eurjpy

Waiting for candle close in just under an hour...let's see what today brings


ps tradercnx...if I get a clear confirmation on eurjpy I have decided to take that trade on my live account today

quick update, as I have to leave the house now, but all the above pairs have confirmed entries and I have taken the trades. I have also taken the eurjpy on my live account.

I will post charts, etc later today when I get back home.

Good trading everyone
  • #134
  • Jul 6, 2011 7:06pm Jul 6, 2011 7:06pm
Good on you, can't wait to see the results. Wishing you well and will be watching with interest.
  • #135
  • Jul 6, 2011 9:05pm Jul 6, 2011 9:05pm
Good luck with your live trading on this system...

Quoting fxozgirl
quick update, as I have to leave the house now, but all the above pairs have confirmed entries and I have taken the trades. I have also taken the eurjpy on my live account.

I will post charts, etc later today when I get back home.

Good trading everyone
  • #136
  • Jul 7, 2011 4:23am Jul 7, 2011 4:23am
Quoting tradercnx
Good on you, can't wait to see the results. Wishing you well and will be watching with interest.

Thanks, I will keep updating with the live trades as well!
  • #137
  • Jul 7, 2011 4:24am Jul 7, 2011 4:24am
Quoting FX_California
Good luck with your live trading on this system...
Thanks FX_California, I'll post both live and demo results.
  • #138
  • Jul 7, 2011 4:30am Jul 7, 2011 4:30am
Quoting fxozgirl
06/07/11
eurgbp

opened sell 0.03 0.89764 sl 200 tp 500 be+2 50
update 07/07/11
eurgbp

Trade still heading in the right direction, although it hasn't made it to breakeven yet, but came close reaching 48 pips. Hopefully overnight it will hit breakeven.
Attached Image (click to enlarge)
Click to Enlarge Name: eurgbp_110707.gif Size: 23 KB
  • #139
  • Jul 7, 2011 4:34am Jul 7, 2011 4:34am
07/07/11
eurusd

opened sell 0.03 1.43175 sl 250 tp 500 be+2 50
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_110707.gif Size: 22 KB
  • #140
  • Jul 7, 2011 4:35am Jul 7, 2011 4:35am
07/07/11
eurchf

opened sell 0.03 1.20164 sl 250 tp 500 be+2 50
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf_110707.gif Size: 20 KB
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