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Fibonacci Highly Risky Trading Journal

  • #1
  • First Post: Edited Jun 5, 2013 8:45am Apr 10, 2012 11:24pm | Edited Jun 5, 2013 8:45am
-STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP--STOP-


I AM NOT USING THIS STRATEGIES ANYMORE

A Journal for Green Pips ... .

I am starting this Journal just to keep tracking my entrys with graphics and learn from my mistakes and successes. I am not a pro so don't follow my entrys, st, tp blindly.

EDIT: Using EA since WEEk #6.

Weekly Summary:

week # 1: -89 Red Pips Lost 44.7% of account becouse high Lots. Strategy: Look for long bars in 1H, 4H, 1D and follow fibonacci retracements. Risk: Around 30 Pips per week with hight risk. Having 15% of account per week. (Fund Account after 3 times back)
week # 2: -167 Red Pips. Lost 16.7% of account, Reducing the risk. Risk changed: Goal: 150 Pips with 1% Risk, 15% Return.
week # 3: -3 Red Pips. Lost 0.3% Account. Lights of Hopes! Strategy changed: VSA, Fibs, Supply and Demand zones.[/b]
week # 4 -90 Red Pips. Lost 9% Account. Again Big losses.Strategy changed: Pure VSA Signals.
Week # 5 -66 Red Pips. Lost 6% Strategy changed: Fibs, BetterVolume, Vsa signals and CandleStick Patterns. Method changed: Automated Trading.
Week # 6 30 Green Pips Money Management Changed: Roaming SL/TP in lasts High./Low. Reward at 0.5 % Account, 5 Max. Open Trades: Lots : 0.1%/Balance. (Fund Account after 4 times back)
Week #7 87 Green Pips No changes
Week # 8 176 Green Pips, closed Positions in week #9
Week # 9 65 Green Pips. 1 Unclosed Position. Now trading with 3 currency Pairs: EUR/USD, GBP/USD, AUD/USD. Summary of last 9 weeks
Week # 10 Since I have radically changed my way of trading I started a new thread, you can check it here

Welcome, Accuracy and Successes for All.
  • #2
  • Apr 10, 2012 11:33pm Apr 10, 2012 11:33pm
Week 1 Trades.

Expected Return and Pips.
Attached Image
  • #3
  • Edited Apr 11, 2012 12:50am Apr 10, 2012 11:42pm | Edited Apr 11, 2012 12:50am
Long Cad/Jpy
My first target is close 23%, Stop lost just above the 0% line.

I hitted the target with 15 pips and my emotional trade told me to sell quickly to reach a few pips more lol. (this is the kind of mistake i should avoid.) Hopes i can close fine.

I should wait for the break at the 23% line !

This is how a good trade is mess with a really bad trade

Ok.. Now i am trying to reach close to 38.2 %.
Attached Image(s) (click to enlarge)
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  • #4
  • Edited Apr 11, 2012 8:24am Apr 10, 2012 11:49pm | Edited Apr 11, 2012 8:24am
Here i selled AUD/USD above 38.2% Fibo Line, unfortunally the price is close the 50% Line, it may go till 61% line or come back to me.

Second Short AUD/USD above 50% Fibo Line

Edit: Now that AUD/USD has reach the 61% Fib line, it's my chance to win in about 9-10 hours ;or lose soon badly.

Edit: This trade ends very bad, SL reach, now I am in the other side of 61% Line, AUD/USD Long.
Attached Image(s) (click to enlarge)
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  • #5
  • Apr 11, 2012 8:50am Apr 11, 2012 8:50am
Quoting Peepo
Fibonacci Highly Risky Trading.

I am starting this Journal just to keep tracking my entrys with graphics and learn from my mistakes and successes. I am not a pro so don't follow my entrys, st, tp blindly.

Main Strategy: Look for long bars in 1H, 4H, 1D and follow fibonacci retracements.

Risks: Around 30 Pips per week with hight risk. Having 15% of account per week.

Welcome, Accuracy and Successes for All.
Can u pls explain the rational for your entries.
Perfection...a process,not a stage!
  • #6
  • Apr 11, 2012 2:55pm Apr 11, 2012 2:55pm
Quoting fxonuoha
Can u pls explain the rational for your entries.
Hi fxonuoha: this is the Fib Retracement of the precious Day in 4H time frame and 30 Min Time Frame.

I look for a buy when price is above 0%, 23%, 38% , 50% and 61% lines.
and Sell when price is bellow those lines.

In this case when Cad/Jpy bounce from 0% to 23%, then bounced again from 23% to 0% and, from 0% to 38%, now is standing above 23%.

If the price break down the 0% line i start selling.

I also look for other support and resistance, in this case 80.518 and 80.779

Well that the idea.

Hopes it helps.
Attached Image(s) (click to enlarge)
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  • #7
  • Apr 11, 2012 3:12pm Apr 11, 2012 3:12pm
Another example.

Aud/Usd. Bounced the 50% Line, I buy here with mini TF and SL.
Attached Image (click to enlarge)
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  • #8
  • Apr 11, 2012 3:24pm Apr 11, 2012 3:24pm
Another example.

Aud/Usd. Bounced the 50% Line, I buy here with mini TF and SL.
and GBP/USD Sell
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: audusdweek1c.png Size: 26 KB
  • #9
  • Apr 11, 2012 8:10pm Apr 11, 2012 8:10pm
Buy
Swing between 23 and 38 lines.
Attached Image (click to enlarge)
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  • #10
  • Apr 12, 2012 1:20pm Apr 12, 2012 1:20pm
I am making 62 pips of 32 so far
thanks to the next EUR/US char.

Now the price has reached 61% line where will go ?

Dunno yet. But when it touch 50% line probably I will Buy again.
Attached Image (click to enlarge)
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  • #11
  • Apr 12, 2012 1:45pm Apr 12, 2012 1:45pm
hy peepo.

what are the rules of your own system?

steve
  • #12
  • Apr 12, 2012 9:28pm Apr 12, 2012 9:28pm
Quoting stevebalmmer
hy peepo.

what are the rules of your own system?

steve
Hi steve, this is a known price action, not my own system, the trend tends to move in large movements and then retracted, and these lines are support and resistance generally very strong.

so what I do is wait for the bounce or breaks in thes lines and target profit and sl also in these lines.

Hopes it helps.

These are char of the Monthly, weekly and dayly chars in EUR/US. It happens in all TF.
Attached Image(s) (click to enlarge)
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  • #13
  • Apr 13, 2012 2:08am Apr 13, 2012 2:08am
Sell EUR USD
My Goal> Go from 38% to 23%.
First i will set just a small contract until cofirmation of the direction.
Attached Image (click to enlarge)
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  • #14
  • Edited 10:40am Apr 13, 2012 10:24am | Edited 10:40am
I end the weeks with big loses.

Pronostics was good in most cases, but MM drawdown my Account.
Next weeks I am going to reduce my risks.

Best regards and succcesses
Attached Image (click to enlarge)
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  • #15
  • Apr 15, 2012 10:25pm Apr 15, 2012 10:25pm
Week 2

Goal: 150 Pips with 1% Risk, 15% Return.

First Trade: Long AUD/USD. Based on 61% Retracement. First TP: Dayly Pivot near 23% line, SL: avobe 61% line.
Attached Image (click to enlarge)
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  • #16
  • Apr 16, 2012 8:54am Apr 16, 2012 8:54am
Short EUR/USD
Attached Image (click to enlarge)
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  • #17
  • Apr 18, 2012 2:17pm Apr 18, 2012 2:17pm
This Week I am doing 0 Pips!!!!

I give up trading only with Fibs Retracement, i found Fibs are good to determinate Support and Resistances levels, but still dont tell where the Price is going.

So... am changing my methods.

I will use, demmand/Supply zones, and Volumes.

Comming soon with some chars
  • #18
  • Apr 19, 2012 6:50am Apr 19, 2012 6:50am
Peepo maybe You should try Fibo levels grouping. It should increase Your trading probability.

And anyway 38,2% is minimum of correction - i would just cancel lower line.

Good luck on Your trading
  • #19
  • Apr 20, 2012 1:17pm Apr 20, 2012 1:17pm
Quoting Akhh
Peepo maybe You should try Fibo levels grouping. It should increase Your trading probability.

And anyway 38,2% is minimum of correction - i would just cancel lower line.

Good luck on Your trading
Thanks Akhh, where i can find more info ?

Now i am reading about VSA, and thinking combine VSA with Fibs and Demand Supply zones.

Hopes next week going better.

Best Regards.
  • #20
  • Apr 26, 2012 6:35pm Apr 26, 2012 6:35pm
Hi guys, this is just an update of my Trading journal.

In the beginning of the last day of trading of this week # 3 i had made -5 Pips.
with 25 closed positions.

In many cases my entrys are good with the VSA method but my lack of patiente make me close early with few green pips.

This week # 3 my goal is again 150 pips, with 1% risk. This goal looks far. But still i am glad to see the light with VSA methodology.

Well this is my last Long EUR/JPY. The position is open based on Test of Supply Signal in H1 TF after bounce the 61% Fib line. of the last Uptrend move.

Best regards and successes.
Attached Image (click to enlarge)
Click to Enlarge Name: week3eurjpyc.png Size: 40 KB
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