Rusty's Journal

G'day!

I'm going to start my own online trading journal, starting from ... now

This journal, which will be posted here, and will be in addition to the dozens of journals i have at home.

However, as we say downunder - 'ill be keeping the bastard Honest' - me being the 'bastard.' The idea behind that is, I am mainly posting my trade results and my trades on here, to keep my trades on track and to be honest with myself in due course about my trading - and basically seeing eye 2 eye with whats really happening on the screens.

My system is based around:

2% of account per position - trading 200:1 leverage.

I use stops, i dont like to be a ranbow.

And the signals i use are basic Ma strategies i have come up with myself, and taken bits and peices from other systems such as more recently the '4 hr Vegas Tunnel.'

I love candlesticks, and use them as signals, and also identification of channels, support and resistence points, to signal an entry based on breakouts on the smaller time denominated charts

Anywho - i have a few trades in the works now, so when i exit i will be positing my results on here - with charts .etc.

Rock on!
Rusty

I forgot to also mention... I only trade 3 pairs! eur.yen, eur and cable. Also, only enter trades once the body of candle on whatever time frame i am following is complete.

Completed 4 trades last night (Sydney time), during the euro session.

The results were:

S Euro @ 1.2281, Closed 1.2238 (+43)
Signal: Candlestick breakout on 15 min chart to the downside.
Comment: Took profits too early and did not recognise momentum

S Eur/Yen @ 144.00, Closed 143.99 (+1)
Signal: Break of up trendline on 30 min chart.
Comments: Handled trade well, however, did not realise again the actual momentum in the trade.

S Euro @ 1.2241, Closed 1.2224 (+17)
Signal: 15 min Eurotunnel. (8 smoothed ma cross of 55 ema, using 8 ema as filter)
Comment: Closed on signal provided by the 8 smoothed cross of 8 ema. However, did not take more pips, by identifying 8 ema lack of movement and continued momentum to the downside.

Currently, I am harbouring several trades. in euro, cable and eur.yen. Will update when i achieve results.

Trying to get a decent chart on here, to show results. But having troubles with my imaging program on the computer.

Rock on!

Rusty

My euro trades from the post above - in chart form.

On friday's session, i was able to keep my cool and patience, and did what all traders consider a BIG NO NO, held my trades through the NFP, but i knew what i was up against and held my tempo.

Through the NFP realease, the market did jerk around as per usual, however, it didnt break any significant barriers against me, so i held my trade - if euro broke the 1.2225 mark, and cable 1.7540, i would have been out of there! With a loss of around 50-60 pips, however, i identified the market momentum from the following days, and knew that the market was setting up for a test to the downside. The only thing that would change my view was a break out of the channel's in both the only usd pairs i follow - euro and cable - to the upside.

My results on friday, by looking at the charts when i woke up on saturday morning could have been much better. But i was happy to book profits and hit the pub that night (as it was 1am in Sydney when i ceased trading.)

My results since last entry:

S Eur/yen @ 143.79 (3:00pm GMT 6/4/06), Closed @ 143.11 (+68)
Signal: 30 min eur/yen tunnel (8 smothed ma cross of 55 ema on 30 min chart.
Comment: Good trade, saw the signal and didnt think twice.


S Eur/yen @ 1.4351 (8:00am GMT 7/4/06), Closed @ 143.11 (+40)
Signal: break of 1.4350 on my MT4 chart, and managed to take advantage of delayed FXCM pricing.
Comment: Another good one, went with the momentum this time.

S Eur @ 1.2176 (8:15am GMT 7/4/06), Closed @ 1.2159 (+17)
Signal: break of 1.2185
Comment:Broke my rule of waiting of candle to close, and the candle ended up above 1.2185.

S Cable @ 1.7492 (8:16am GMT 7/4/06), Closed 1.7458 (+34)
Signal: Break of flag channel to the downside.
Comment: Again, broke my rule of waiting for candle to close.

For the day i booked +159 pips. I could have booked more, i hadnt been tempted to hit the pub on friday night.

For the week, it was an extremely good week for momentum traders. I booked 397 pips for the week (although i had only posted about half that on these threads as i had started this on thursday!).

Anyways, i may come back later and wack up a chart showing the NFP movement, and what i was talking about before about the market not closing outside the channel against me.

Rock on!

Rusty

Ok I'm back from holiday's overseas, and have returned to the trading desk last week.

Last week, I found as a hard week to return to, even though the end of the week had allowed some good pips to be obtained overall. I did find it hard to settle back into my 'comfort' zone in relation to the market, as it as quite trendless at the beginning of the week.

Currently, harbouring 10 positions on 3 different pairs.

I have been signalled to:

Buy Eur/yen

Sell Cable & Euro

Will update when positions have been closed.

Cheers

Rusty

I would be quite interested in a continue of this thread.

I'm sorry....i didnt know there were people actually interested!!

Anyways - I'll update this thread today....

Cheers

Rusty

Great work Rusty.....

thanks for sharing, it is illuminating.

Alright - you've all got me!

I seriously havent been on Forex Factory for a while now, cause - well i have been extremely busy with trading and my sporting ambitions.

I pop in occasionally every now and then to check out some of the threads.

But whats really got me is the amount of private messages i receive!

I havent posted on here for 3 months, and i still receive quite a few private messages about my diary, and also some of the other posts i put on Forex Factory.

So - I PROMISE - i will update this thread from now on.

I'm sorry, i know i've said it before, and my sheer laziness and busy schedule has kinda deterred me from doing anything about it.

So, look out for my threads in the diary from now on.

Cheers

Rusty!