A Different Kind of Journal (EURUSD)

Not for ego gratification, rather for personal confirmation in a public forum. Each day, I will post all of my post-trade details in a redacted format.

This won't be a thread where I explain the details of what I am doing. I'm merely keeping a public record of the start of my initial march towards $1 billion. Yeah, I know. Hard to fathom being something that is possible, but I'm going to give it a solid try.

The account is live. The trades are real. Only the names have been changed to protect the innocent.

The current live account balance is just under $800 (USD). The goal of this thread is to determine how long it takes to double the account balance. I can have anywhere between 1 - 10 trades or more per day.

Enjoy the movie!

[Typical hours of operation for me are between 1200 hrs GMT - 2000 hrs GMT, Monday - Friday. If I take time off, then no results will be posted for the period during my absence.]
************************************************************************************************************

PIP TOTALS

Week 1:

Mon = +7.5 (without loss simulation = +7.5)
Tues = 0 (without loss simulation = +34.3)
Wed = -110 (without loss simulation = +65.2)
Thur = -70 (without loss simulation = +201)
Fri = -95.5 (without loss simulation = -51)

Net = -268 (without loss simulation = +257)
Diff = -11


Week 2:

Notes: No synthetic losses were used. Tests are to specific target levels and may not extend to all pips available for the cycle.

Mon = +41 (+80 available)
Tues = +56, +36 (+250 available)
Wed =
Thur =
Fri =

Net =


Week 3:

Mon =
Tues =
Wed =
Thur =
Fri =

Net =


Week 4:

Mon =
Tues =
Wed =
Thur =
Fri =

Net =


Monthly Net = -171 (does not exclude synthetic losses or include absolute available pips)
Average Time to Double = N/A


Notes & Discussion:

See thread http://www.forexfactory.com/showthread.php?t=321847 for notion and discussion.

Image test. Taken from demo account today. I'll be posting from the Demo Account for the remainder of this week, as I am still concluding my final testing/optimization process on the new trading method. Next week, all Account images will be from the live account. (please do not include this week's totals in the march towards $1 billion)

http://www.freeimagehosting.net/t/de63d.jpg


The very first trade in the sequence at 3869.6 was not part of the method that will be used going forward. However, I won't redact it out because it did impact today's cash flow (severely). This would be a good example of a poor trading day. Little revenue on much effort (9 total attempts). If I can break-even on a poor day, or net a small profit, then I'm happy - as my good trading days will far out number by poor trading days.
http://www.freeimagehosting.net/de63d

All summary performance tracking will be maintained on the first page of the thread for look-up convenience. All account screenshots will be posted separately, on the day the trades were closed (not executed).

My Monday is done. Looking forward to Tuesday.

Hello Line,

you dun make use of your TCD stuff anymore?

best regards.

-guandi

Looking for a V-Trigger to enter on this morning. None seen thus far as the market is very EU sensitive today. EU Finance meeting gets cancelled, EURUSD goes down. EU Leaders meeting gets clarified as not being cancelled, EURUSD goes up. A lot of people are still on pins and needles regarding the EU debt crisis.

The goal for the first week of the demo is to actually lose money (as stated in my other thread), then see how effective a recovery can be mounted. The second week will be done in a live account. The goal there will be to make money for the week. Each day can see between 1-10 trades on average after the V-Trigger is set.

As a reminder: Given the nature (high speed) of the decision making before each Swap trade, only the day's results will be posted from both the Demo and the Live accounts respectively (Demo this week - Live next week).

Still waiting for a Volatility Trigger for today's action. So, up to this point, no trade has been made.

Please keep this thread void of off-topic discussions. I'm trying to keep the journal pages light and short.

Post all other questions here: http://www.forexfactory.com/showthre...=321847&page=3.

Thank you.

Initial chart view at time of Volatility Trigger. The Close of candle [1] was the entry point. Yellow vertical line denotes the start of the of the 1200 hr candle today.

http://www.freeimagehosting.net/t/de74e.jpg


Current chart view with current account statement. Note the goal of this week - to draw down as much as possible and then measure the recovery responsiveness.

http://www.freeimagehosting.net/t/421fc.jpg

Current account view. Today, I padded the statement with a series of Swaps that were unnecessary, to simulate a "bad V-Trigger." This allows enough losses to test the recovery capability of the strategy. In actuality, there were only six (6) Swaps necessary on this trading sequence. The rest were used to pad a loss. Typically, there would not be this many Swaps necessary on a routine trade of this type.

Recall, this week is for the demo (recoveries) and next week will be live (time required to double account balance).

http://www.freeimagehosting.net/t/110ff.jpg

If you've been paying attention to the other thread, then you know that this trade has now been shifted into recovery mode, using the Weekly data. Please see http://www.forexfactory.com/showthread.php?t=321847 at post number 74.

As you can see, I had to force many Swaps to produce a guaranteed loss for the trade, so that I can engineer the recovery. The trade is now in recovery using the strategy discussed in the above thread.

http://www.freeimagehosting.net/t/6df01.jpg

(there are several negative Swaps at the top of the Closed Positions tab that got cut-off during the screen capture. however, the total at the bottom is correct)

Trade went terminal and was closed with no trailing Swap at -187.8 pips.

Here are the results of the first Swap Cycle:

http://www.freeimagehosting.net/t/492c7.jpg

V-Trigger: 10/26/2011 at Close of 1515 hrs GMT.

Initial trade is Short from 3825. (I was a little off on entry due to typing this post)

http://www.freeimagehosting.net/t/b75c3.jpg

I was successful and generating a plausible stress test scenario today, which came in around -75 pips needed for a full recovery. I will use OCO orders this time as the pic shows to close out the position.

- If 3930 strikes first, 3837 will not execute, if price retraces down to that level.

- If 3837 strikes first, 3930 will not execute, if price retraces up to that level.

I would normally do a manual recovery, but for the purposes of the stress test, I don't mind using an overnight OCO.

The recovery strategy for this Swap Cycle is being launched by an intra-day V-Trigger (which is the current open trade you see in the pic). Because this V-Trigger entry took place earlier in the day, I can use it for recovery purposes as user the earlier padded Swaps as the lost trade for the day. So, the strategy for recovery is to simply use the current Swap trade which set its line at 3837 earlier in the trading session.

http://www.freeimagehosting.net/t/52e46.jpg

Recovery complete.

http://www.freeimagehosting.net/t/5eeac.jpg

http://www.freeimagehosting.net/t/b385e.jpg

V-Trigger Long at 4065 on M15 at Close of 1230 hr GMT -1 bar.

I was late getting to the trade due to typing in another thread, so I took the trade at 4094'ish. If the trade is successful, after I attempt to create a failed trade to recover from, I will not include the pip difference between the V-Trigger entry Long 4065 and my actual entry Long 4094.

Will post results when done, or update on recovery status when necessary.

http://www.freeimagehosting.net/t/91ec8.jpg

http://www.freeimagehosting.net/t/399a5.jpg

The market for EURUSD is really very volatile during this special season, who knows what will happen in the next 24 hours,haha!

I love this way to show your record. you lost a lot today.

what's your strategy for this live account? and do you consider using any EA?

Lost a lot today? The last time I checked, it was +133 pips and that was before the next rally up. The last recovery trade was closed at BE. The first recovery trade was closed at +7 pips. The second recovery trade was over-padded by me on mistake and lost -183 pips - however - remove all my simulated swaps on that trade and its recovery was more than adequate to produce a small profit.

So, thus far, there have been zero losses in the aggregate in real terms.


No, until I can reconcile the optimal Swap Methodology, there will be no automated version of this trading strategy.

Current sim swaps have been done and the stress test has been built. Here's the recovery requirement:

http://www.freeimagehosting.net/t/a681b.jpg

Waiting for next V-Trigger to initiate recovery attempt.

The second V-Trigger for today came with good Swing but no Momentum as the Daily range is depleted and the H1 volatility is now in compression. Thus, there will be no recovery attempt today.

However, today's 1st V-Trigger ran from 4064 to an absolute high of 4265, for a more than 200 pip day of actual performance. Of course, this week is about recoveries, not profit, so I was not able to participate in that move, given the need to wait on the 2nd V-Trigger to recover the synthetic loss of -70 pips today.

Currently still flat and awaiting the 1st V-Trigger on Friday. (I'm typically at the computer by 1145 hrs GMT -1). I'll continue the recovery of today's synthetic loss of -70 pips on Friday.

Pic of 1st V-Trigger outcome today (200+ pips):

http://www.freeimagehosting.net/t/7dd05.jpg

I just missed a V-Trigger at 4153 on the M15 at 1115 GMT -1. That's 4:15 am my time, so I'm typically not up that early. So, I'll wait and trade the next V-Trigger.

I am flat the market and waiting on Friday's V-Trigger which is now pending.