EUR/USD Trading Journal

Warning: The risk taken in this account is high relative to its balance, but relative to my total trading balance (Oanda, Bank), the risk is less than .2%.

Intended audience: People with a day job
Objective: To have at least 30% return of invested capital ($1K) at December 31, 2012


I will post my trading entries and exit here and will update once a week. Please note that my trading system is boring. I only have trades a maximum of 10 trades per year, but it looks like it will be more this year.

Short @ 1.4102 (average of 10 trades)
Stop loss @ 1.4050

Next update September 16th.

Trade update:

Close one position for a profit and short another at 1.3875. Average for 10 trades is 1.4090.

SL for the new position: 1.3960 (1 trade)
SL for one position: 1.4000 (1 trade)
SL for the rest: 1.4050 (8 trades)

Sept. 23.

No changes to SL from last week.

Update:

SL for all ten trades: 1.3800

Update: October 7, 2011

Shorts opened at 1.3875 and 1.4011 closed for a nice profit.
New position short at 1.3508 (SL BE)
Initial trades from early Sept. (8 trades ave price-1.4138) (SL: 1.3800)

In my first post i stated that there are approximately 10 trades in a year. What I mean by this is initial trades where I open position up to maximum of my risk. However, along the way I add smaller position during rallies (downtrend) and buy on dips (uptrend). The additional position/s are just 1/8 of my initial position.

On my initial position such as the average of 1.4138 above, my TP is 1000 pips for half of the initial position and run the rest until reversal of my indicator. (TP of 1.3138 was not reach this week, 7 pips below the low of 1.3145).

On additional positions, my TP are between 400 to 600 pips.

Stopped out at 1.3800 last October 11.

My system generated a long signal at the close this friday. Will Open a long position between 1.3850 - 1.3900 on Sunday with SL at 1.3710.

Will definitely follow this thread...

I'm new to forex and learning, so currently I just trade based on intuition...

Please continue to post.

Long entered at 1.3887, but i'm out now above 1.42.

Reason for exit is that it is approaching the 68% fib retracement from the high of around 1.4940 in May to the low in early october of around 1.3145.

Will stay on the sideline for now.

Short above 1.37 with SL @ 1.39 TP open for now.

Short opened at 1.3844. Sl: 1.39. Oanda is down, I can't take a screenshot of my trade.

It seems you use Fibonacci...is that your primary strategy?

Probably with Pattern Recognition (gartleys, butterflys)?

Anyhow, very interesting thread to me...

Close position at BE:

Will open position by Thursday depending on the following:

Long if tomorrow closes above 1.3870 SL: 1.3670
Short if tomorrow closes below 1.3670 SL: 1.3750

Next update Friday or Sat.

Shorts opened at 1.3602, but stopped out at 1.3750.

No position opened at the moment. Will open a short when today's close is below 1.3670, SL 1.3810.

Shorts opened. All SL are at or close to BE.

Nice call man...you actually have an idea of how this works...cool!

Three of the trades in the previous update were stopped out. However, I shorted back the following day.

Net update on Friday.

It looks like I attached, the trades from the last update.

Weekly head and shoulders. Something to watch by the next couple of weeks.

Last three trade in the previous update was stopped out. Shorted again the following day.

your short should have fruitified !

I'll update today, so it will show my TP for 1/3 of the trade and besides i'm on day off from work today. My trading is for people like me who has a day job.