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Trader P/L 2011 (Walking The Walk)

  • #61
  • Edited 8:03am Sep 2, 2011 4:35am | Edited 8:03am
Quoting Tradingplace
currently short Gbpjpy, Euraud, Eurjpy, Gbpchf and Usdchf

Pending order
Buy Eurusd 1.4270
SL 1.4150
1st trg 1.4390
2nd trg 1.4510
3rd trailed
Update on the above trades
1. Gbpjpy still short...waiting for the 1st trg to be reached...SL moved to half the original SL...125.70
2. Euraud, still short...SL moved to 1.3570 to lock in 60 pips...we are trailing the last position...we trail it until PA presents us with a new long position
3. Eurjpy, still short..1st trg reached...Sl moved to entry point (110.50), now waiting for the 2nd trg
4. Gbpchf, still short..1st trg reached...Sl moved to entry point (1.3250), now waiting for the 2nd trg.
5 Usdchf, still short..1st and 2nd trg reached...Sl moved to lock in profits(0.7990), now we are trailing the last position until PA presents us with a new long position.
6. Eurusd, still long...waiting for targets.
  • #62
  • Sep 2, 2011 11:50am Sep 2, 2011 11:50am
Quoting Tradingplace
currently short Gbpjpy, Euraud, Eurjpy, Gbpchf and Usdchf

Pending order
Buy Eurusd 1.4270
SL 1.4150
1st trg 1.4390
2nd trg 1.4510
3rd trailed
SL moved to 1.4170
pending order
sell eurusd @ 1.4160
SL 1.4300
1st trg @ 1.4020
2nd trg @ 1.3880
  • #63
  • Sep 2, 2011 12:05pm Sep 2, 2011 12:05pm
Quoting Tradingplace
Update on the above trades
1. Gbpjpy still short...waiting for the 1st trg to be reached...SL moved to half the original SL...125.70
2. Euraud, still short...SL moved to 1.3570 to lock in 60 pips...we are trailing the last position...we trail it until PA presents us with a new long position
3. Eurjpy, still short..1st trg reached...Sl moved to entry point (110.50), now waiting for the 2nd trg
4. Gbpchf, still short..1st trg reached...Sl moved to entry point (1.3250), now waiting for the 2nd trg.
5 Usdchf, still short..1st and 2nd trg reached...Sl...
Gbpchf, Sl, moved to 1.2770...locking in +460 pips on two positions left.
Usdchf, SL moved to 0.7890..locking in +200 pips on the last position.
  • #64
  • Sep 2, 2011 12:32pm Sep 2, 2011 12:32pm
Closing shop now...all done for this week. It has been a good week, I followed my trading plan religiously and it paid off....I stayed disciplined, I was patient and I executed all the trades without any mistakes...All trades have been recorded in the journal...

I remember when i used to play around with my trades...taking profits before my target was reached...fearing that I could lose...but now with experience and confidence on my method...i just set my targets and wait for the market to either hit the targets for profit or hit my SL for a loss.

So if yu have an egde that you have backtested and forward tested...there is no need to panic when you are in a trade...coz yu have your trgs, SL...so just let the market do its thing. I stopped trying to guess where the market was going...or wether the trend was ending or starting...where the market was reversing...i just focus on patterns and PA...and thats what I trade. Since I stopped trying to guess where the market was going...i can see that I now trade better and have been profitable....let the Analysts guess where the market is going...we are traders not analysts...we are paid on winning trades, not on knowing where the market is going.

So back again next....to rinse and repeat

Have a nice weekend



  • #65
  • Sep 3, 2011 2:36pm Sep 3, 2011 2:36pm
Quoting Tradingplace
Gbpchf, Sl, moved to 1.2770...locking in +460 pips on two positions left.
Usdchf, SL moved to 0.7890..locking in +200 pips on the last position.
both trades stopped out for 460+200 = +660 pips
  • #66
  • Sep 5, 2011 4:12am Sep 5, 2011 4:12am
Hope everyone had a good weekend...we are back gain to rinse and repeat.
  • #67
  • Sep 5, 2011 4:23am Sep 5, 2011 4:23am
Quoting Tradingplace
Update on the above trades
1. Gbpjpy still short...waiting for the 1st trg to be reached...SL moved to half the original SL...125.70
2. Euraud, still short...SL moved to 1.3570 to lock in 60 pips...we are trailing the last position...we trail it until PA presents us with a new long position
3. Eurjpy, still short..1st trg reached...Sl moved to entry point (110.50), now waiting for the 2nd trg
4. Gbpchf, still short..1st trg reached...Sl moved to entry point (1.3250), now waiting for the 2nd trg.
5 Usdchf, still short..1st and 2nd trg reached...Sl...
Update on trades.

1. The Gbpjpy short has reached its 1st target (+120 pips)...SL moved to entry point
2. Euraud still short, SL moved to 1.3390, to lock in 240 pips on the last position.
4. Gbpchf closed on friday for an +830 pips profit
5. Usdchf closed on Friday for a +500 pip profit
6. Eurusd stopped out on Friday for a 100 pip loss
  • #68
  • Sep 5, 2011 11:14am Sep 5, 2011 11:14am
Quoting Tradingplace
Update on trades.

1. The Gbpjpy short has reached its 1st target (+120 pips)...SL moved to entry point
2. Euraud still short, SL moved to 1.3390, to lock in 240 pips on the last position.
4. Gbpchf closed on friday for an +830 pips profit
5. Usdchf closed on Friday for a +500 pip profit
6. Eurusd stopped out on Friday for a 100 pip loss
Euraud trade stopped out for 240 pip profit
  • #69
  • Edited 4:39am Sep 6, 2011 4:37am | Edited 4:39am
new trades...the reaction was so quick...i couldnt post them before they were taken...

Long Usdchf from 0.7900...1st trg reached (+200pips), 2nd trg reached (+400pips)...SL moved to lock in 200 pips...so the worst result on this trade is +800 pips

Long Euraud...from 1.3400
1st trg at 1.3470
2nd trg at 1.3540

Eurjpy trade from last week...has been stopped out after it reached the 2nd trg and my Sl was then moved to lock in +130 pips...so total pips = 130+260+130 = 520 pips
  • #70
  • Sep 6, 2011 4:54am Sep 6, 2011 4:54am
Quoting Tradingplace
new trades...the reaction was so quick...i couldnt post them before they were taken...

Long Usdchf from 0.7900...1st trg reached (+200pips), 2nd trg reached (+400pips)...SL moved to lock in 200 pips...so the worst result on this trade is +800 pips

Long Euraud...from 1.3400
1st trg at 1.3470
2nd trg at 1.3540

Eurjpy trade from last week...has been stopped out after it reached the 2nd trg and my Sl was then moved to lock in +130 pips...so total pips = 130+260+130 = 520 pips
One of my favourite trades are false breakouts...they tend to be very profitable due to the reaction of traders fear when the breakout fails to work...traders rush to cover their position, thus moving the market in the opposite direaction to the BO. I usually take advantage of that fear and panick by taking trades in the opposite directon to the BO.

So my method plays the breakouts, false breakouts, reversion to mean, followind the trend...and when the market is moving sideways, i usually stay out.

Chart below shows my usdchf falsebreakout trade taken this morning. Price broke out of the 0.7800 support and failed to follow through...it then went back above 0.7800 and tested it again from above, when it failed to break below, i took a long position at 0.7900.


Attached Image (click to enlarge)
Click to Enlarge Name: swiss long.JPG Size: 82 KB
  • #71
  • Sep 6, 2011 8:19am Sep 6, 2011 8:19am
Quoting Tradingplace
new trades...the reaction was so quick...i couldnt post them before they were taken...

Long Usdchf from 0.7900...1st trg reached (+200pips), 2nd trg reached (+400pips)...SL moved to lock in 200 pips...so the worst result on this trade is +800 pips

Long Euraud...from 1.3400
1st trg at 1.3470
2nd trg at 1.3540

Eurjpy trade from last week...has been stopped out after it reached the 2nd trg and my Sl was then moved to lock in +130 pips...so total pips = 130+260+130 = 520 pips
Euraud stopped out for a full loss (-70 pips)

pending orders
sell Euraud at 1.3210
SL @ 1.3450
1st trg @ 1.3170
2nd trg @1.3030

Reason...price pulled back to the 1.3500 support that it broke last week...sellers are being very authoritative below the support turn resistance. If we break 1.3250, we can easily see 1.3000...so my trg are within that range

Sell Eurusd @1.4010
SL 1.4110

The quick push up that happened this morning seem not to be holding enough water, sellers came in aggressively from the 1.4200 level
  • #72
  • Sep 8, 2011 3:07am Sep 8, 2011 3:07am
Quoting Tradingplace
Euraud stopped out for a full loss (-70 pips)

pending orders
sell Euraud at 1.3210
SL @ 1.3450
1st trg @ 1.3170
2nd trg @1.3030

Reason...price pulled back to the 1.3500 support that it broke last week...sellers are being very authoritative below the support turn resistance. If we break 1.3250, we can easily see 1.3000...so my trg are within that range

Sell Eurusd @1.4010
SL 1.4110

The quick push up that happened this morning seem not to be holding enough water, sellers came in aggressively from the 1.4200 level
Update...nothing much happening at the moment, the market is still digesting the quick moves that happened early this week. I am still long usdchf, trailing my last position...Euraud still short, waiting for the 1st trg to get hit...same as on eurusd....

gbpjpy still short from last week...waiting for the second trg.
  • #73
  • Sep 8, 2011 8:11am Sep 8, 2011 8:11am
Quoting Tradingplace
Euraud stopped out for a full loss (-70 pips)

pending orders
sell Euraud at 1.3210
SL @ 1.3450
1st trg @ 1.3170
2nd trg @1.3030

Reason...price pulled back to the 1.3500 support that it broke last week...sellers are being very authoritative below the support turn resistance. If we break 1.3250, we can easily see 1.3000...so my trg are within that range

Sell Eurusd @1.4010
SL 1.4110

The quick push up that happened this morning seem not to be holding enough water, sellers came in aggressively from the 1.4200 level
Euraud...1st trg reached (+140 pips)...SL moved to entry point...now waiting for the 2nd trg
  • #74
  • Sep 8, 2011 8:17am Sep 8, 2011 8:17am
pending order
Buy Gbpchf 1.3920
SL @ 1.3720
1st trg 1.4120
2nd trg 1.4320
3rd trg trailed

reason: Market has pushed up and broke the 1.3500 round number, it consolidated below 1.4000...i thought the momentum from 1.2500 has been strong and we could easily see 1.4500...thats why my trg are within that range.
the trade has just been triggered whilst i was writting this.
  • #75
  • Edited 4:11pm Sep 8, 2011 3:59pm | Edited 4:11pm
The day that i returned to trading had to be the day i experienced a down day.

I'm sure not a lot of people would prefer this kind of equity swing.. but you gotta keep trading with conviction even though you're down.
Attached Image (click to enlarge)
Click to Enlarge Name: trade.jpg Size: 187 KB


not sure if i'm able to trade on friday. I would be back in the US by Saturday, so i'll resume my trading routine def. on Monday. :-P
  • #76
  • Sep 9, 2011 4:02am Sep 9, 2011 4:02am
Quoting hilmy83
The day that i returned to trading had to be the day i experienced a down day.

I'm sure not a lot of people would prefer this kind of equity swing.. but you gotta keep trading with conviction even though you're down.
Attachment

not sure if i'm able to trade on friday. I would be back in the US by Saturday, so i'll resume my trading routine def. on Monday. :-P
Losing is part of winning in trading...but make sure that your losers are always less than your winners....that will make yu come out profitable every quarter....

I stopped focusing on daily results....its like trying to lose weight and yu weigh yourself everyday...i focus on quarterly results...thats weighing yourself after every three months when trying to lose weight makes sense.
  • #77
  • Sep 9, 2011 4:34am Sep 9, 2011 4:34am
Quoting Tradingplace
new trades...the reaction was so quick...i couldnt post them before they were taken...

Long Usdchf from 0.7900...1st trg reached (+200pips), 2nd trg reached (+400pips)...SL moved to lock in 200 pips...so the worst result on this trade is +800 pips

Long Euraud...from 1.3400
1st trg at 1.3470
2nd trg at 1.3540

Eurjpy trade from last week...has been stopped out after it reached the 2nd trg and my Sl was then moved to lock in +130 pips...so total pips = 130+260+130 = 520 pips
Usdchf last position moved to 0.8690...to lock in 790 pips...so the worst result now on this trade will be (200+400+790) = 1390pips
  • #78
  • Sep 9, 2011 12:05pm Sep 9, 2011 12:05pm
Quoting Tradingplace
Euraud stopped out for a full loss (-70 pips)

pending orders
sell Euraud at 1.3210
SL @ 1.3450
1st trg @ 1.3170
2nd trg @1.3030

Reason...price pulled back to the 1.3500 support that it broke last week...sellers are being very authoritative below the support turn resistance. If we break 1.3250, we can easily see 1.3000...so my trg are within that range

Sell Eurusd @1.4010
SL 1.4110

The quick push up that happened this morning seem not to be holding enough water, sellers came in aggressively from the 1.4200 level
Eurusd short from 1.4010...1st trg reached (+250 pips)...SL moved to entry point...now waiting for 2nd trg.
  • #79
  • Sep 9, 2011 12:08pm Sep 9, 2011 12:08pm
Quoting Tradingplace
short eurusd 1.4410
SL 1.4550
1st trg 1.4270
2nd trg 1.4130
3rd trailed

sell gbpjpy 125.10
SL 126.30
1st trg 123.90
2nd trg 122.70

Sell Eurjpy 110.50
SL 111.80
1st trg 109.20
2nd trg 107.90
Gbpjpy...2nd trg reached (+240pips)...SL moved to lock in 120 pips.....worst result now on this trade is 120 from the 1st trg + 240 (2nd trg) + 120 (locked profit on the last position) = +480 pips
  • #80
  • Sep 9, 2011 1:02pm Sep 9, 2011 1:02pm
Quoting Tradingplace
Euraud...1st trg reached (+140 pips)...SL moved to entry point...now waiting for the 2nd trg
Sl now moved to 1.3160.. to lock in 150 pips on the 2 remaining positions
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