JCPFX's Trading Journal V2

Closed at 4412 for +13 ($26)

I've been taking quick profits, and have been extra cautious on my position builds. Taking a look at the 4H shows how tightly this thing has coiled, it's due for a break at some point, and seems sooner rather than later. Possibly next week? I don't know, but proceeding with caution as I don't want to get stuck reversing a breakout. I am not a break out trader, so if I don't happen to already be on the ride up or down, would be happy joining the party late on retrace. We'll see, I'll just keep on doing what I am doing for now.

If you don't mind me asking, how much capital did you start off with?

Hello rtiger,

On June 18th, just prior to the start of this journal, my balance was $4,800. Since then I've made another $2100 deposit, so essentially total starting principle is $6,900.

Placed a few small longs and shorts during this drop today, happened rather quickly, no time to record, so result will have to appear in week ending stats, minor profits, nothing spectacular, still keeping stakes small per note above.

Short 4486, divergence on 15M

Moved up shortly after entry, will adding shorts for quick profits to improve position

Shorted at 4415 and closed both positions for a break even average.

Another try short at 4405

Will enter another short here if a burst upward occurs rather soon. Would create divergence again on the 15M and would likely be drawn back down to the 4390 region.

Short 4417, divergence trade on 15M

Another short added at 4414

Shorts 4417 and 4414 closed at breakeven

Short 4405 closed at 4414 -9 ($18)

Long 4361, close at 81 for +20 ($40)

In long again at 4350, TP 70

Long 4337, TP 50

Close at 50 for +13 ($26)

Close at 65 for +15 ($30)

Short 4404, touch of 30E on 15M

Closed at 4480 for -76 ($152)

Also short at 4445 closed at 80 for -35 ($70)

Money Management System
Moved from Level 10 to Level 11
1 position = eight 2.5k lots ($2)
Level TP = $1050

Realized Profit/Loss
Total profit for the week is $646.

Open Positions
None