Annual Targets: ROI>15%, DD<10%, approx 0.5% risked per trade | Forex Factory

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Attachments: Annual Targets: ROI>15%, DD<10%, approx 0.5% risked per trade
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Annual Targets: ROI>15%, DD<10%, approx 0.5% risked per trade

  • #1
  • First Post: Edited Jun 28, 2012 10:28am May 18, 2012 10:12am | Edited Jun 28, 2012 10:28am
Hello,

I started a trading journal at the end of April on another website and would like to post here too.

Here is a copy of the first post of my journal dated 27th April 2012:

Hello.

I am a novice Forex trader with a very small account of £560.

Starting a journal to record my live trades and progress. Aiming for at least 15% annual return with a drawdown no greater than 10%.

Risk per trade is between 0.5% and 1% unless stated otherwise.
Risk:Reward at least 1:5

Very basic strategy of support and resistance using 4hr and daily charts. No indicators.

In case you would like to read my progress during this first month, the link to my journal is:http://www.trade2win.com/boards/trad...5-dd-10-a.html

I will start posting my journal here.

Thank you for reading.

EDIT: I closed my USD/JPY position at 79.05 for risk:reward of 1:5 (I originally sold at 80.48, with 27 pip sl). See link for exact time.

I am not selling anything and my trades are certainly not recommendations.
  • #2
  • May 19, 2012 4:39pm May 19, 2012 4:39pm
good luck , but don't put a numeric goal to your yearly returns. I think it is better this way
Twitter: @forexpokerpro
  • #3
  • May 20, 2012 9:42am May 20, 2012 9:42am
Quoting BBPI_fxtrader
good luck , but don't put a numeric goal to your yearly returns. I think it is better this way
Ok thanks.
  • #4
  • Edited 7:08pm May 20, 2012 5:11pm | Edited 7:08pm
Open Trades
USD/CHF: bought 0.9338, initial sl 0.9308 (see link in first post)

Pending Orders
AUD/JPY: buy 77.77, sl 77.47
AUD/JPY: sell 77.97, sl 78.28
EUR/USD: sell 1.2870, sl 1.2920
USD/JPY: sell 79.48, sl 79.78
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
EUR/GBP: sell 0.8138, sl 0.8166
EUR/JPY: buy 101.03, sl 100.72
EUR/JPY: sell 101.97, sl 102.27

Approx 0.5% risked on each trade.

All subject to change.
  • #5
  • May 20, 2012 7:32pm May 20, 2012 7:32pm
Quoting Mr Woozel
Open Trades
USD/CHF: bought 0.9338, initial sl 0.9308 (see link in first post)

Pending Orders
AUD/JPY: buy 77.77, sl 77.47
AUD/JPY: sell 77.97, sl 78.28
EUR/USD: sell 1.2870, sl 1.2920
USD/JPY: sell 79.48, sl 79.78
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
EUR/GBP: sell 0.8138, sl 0.8166
EUR/JPY: buy 101.03, sl 100.72
EUR/JPY: sell 101.97, sl 102.27

Approx 0.5% risked on each trade.

All subject to change.
EUR/JPY buy at 101.03 activated
AUD/JPY trades activated. Am looking for AUD/JPY to break above 78 or break to the downside, hence the buy and sell.
  • #6
  • May 21, 2012 1:49am May 21, 2012 1:49am
Quoting Mr Woozel
Open Trades
USD/CHF: bought 0.9338, initial sl 0.9308
Pending Orders
AUD/JPY: buy 77.77, sl 77.47
AUD/JPY: sell 77.97, sl 78.28
EUR/USD: sell 1.2870, sl 1.2920
USD/JPY: sell 79.48, sl 79.78
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
EUR/GBP: sell 0.8138, sl 0.8166
EUR/JPY: buy 101.03, sl 100.72
EUR/JPY: sell 101.97, sl 102.27
All subject to change.
Quoting Mr Woozel
EUR/JPY buy at 101.03 activated
AUD/JPY trades activated. Am looking for AUD/JPY to break above 78 or break to the downside, hence the buy and sell.
GBP/JPY sell at 125.48 activated.
Also placed order to sell USD/JPY: 79.72, sl 80.02.
May look to move stop losses on activated trades to prevent any full losses but have to go out.
  • #7
  • May 21, 2012 2:27am May 21, 2012 2:27am
Quoting Mr Woozel
May look to move stop losses on activated trades to prevent any full losses but have to go out.
AUD/JPY: stop loss on buy at 78.77 moved to 78.62.

Orders Added
AUD/JPY: buy at 78.53, sl 78.23
  • #8
  • May 21, 2012 7:10am May 21, 2012 7:10am
Quoting Mr Woozel

Pending Orders
AUD/JPY: sell 77.97, sl 78.28
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
GBP/JPY sell at 125.73 activated
Quoting Mr Woozel
GBP/JPY sell at 125.48 activated.
stop loss hit at 125.78
Quoting Mr Woozel
AUD/JPY trades activated. Am looking for AUD/JPY to break above 78 or break to the downside, hence the buy and sell.
Stop loss hit at 78.28 for AUD/JPY sell at 77.97
  • #9
  • May 21, 2012 7:41am May 21, 2012 7:41am
Quoting Mr Woozel
EUR/JPY buy at 101.03 activated
Stop loss moved to 101.85 (initially at 101.73)
  • #10
  • May 21, 2012 4:44pm May 21, 2012 4:44pm
USD/CHF: stop loss moved to 0.9338 (initially 0.9308) for buy at 0.9338
Beginning to wish I took profit at initial risk reward 1:5...

Order Added
sell AUD/JPY 78.97, sl 79.27
  • #11
  • Edited 8:00am May 22, 2012 1:43am | Edited 8:00am
Quoting Mr Woozel
Pending Orders

USD/JPY: sell 79.48, sl 79.78
Activated.

May adjust stop loss on GBP/JPY sell at 125.73 (sl 125.98) as UK data out at 0930. Position is less than 0.5% so not too concerned.
  • #12
  • May 22, 2012 1:50am May 22, 2012 1:50am
Order Added

EUR/USD: buy 1.2769, sl 1.2744
  • #13
  • Edited 8:01am May 22, 2012 2:10am | Edited 8:01am
Quoting Mr Woozel
May adjust stop loss on GBP/JPY sell at 125.73 (sl 125.98) as UK data out at 0930. Position is less than 0.5% so not too concerned.
Moved to 126.05. Was going to close position. Am also looking to buy now, depending on data, but too close to data release for me.
  • #14
  • Edited 8:01am May 22, 2012 2:13am | Edited 8:01am
Quoting Mr Woozel
Moved to 126.05. Was going to close position. Am also looking to buy now, depending on data, but too close to data release for me.
Order Added
GBP/JPY: buy at 125.53, sl 125.23
  • #15
  • Edited 8:04am May 22, 2012 2:54am | Edited 8:04am
Quoting Mr Woozel
Moved to 126.05. Was going to close position. Am also looking to buy now, depending on data, but too close to data release for me.
GBP/JPY: sl hit at 126.05 for sell at 125.73

Quoting Mr Woozel
Order Added
sell AUD/JPY 78.97, sl 79.27
ACTIVATED: AUD/JPY sell at 78.97, sl 79.27
  • #16
  • May 22, 2012 3:12am May 22, 2012 3:12am
Summary of Open Trades
AUD/JPY: Bought 77.77, sl 77.67 (initially 77.47)
AUD/JPY: Sold 78.97, sl 79.27
USD/CHF: Bought 0.9838, sl 0.9838 (initially 0.9308)
EUR/JPY: Bought 101.03, sl 101.85 (initially 100.73)
USD/JPY: Sold 79.48, sl 79.78.
  • #17
  • Edited 8:05am May 22, 2012 3:22am | Edited 8:05am
Quoting Mr Woozel
Order Added
GBP/JPY: buy at 125.53, sl 125.23
Cancelling, for now...
  • #18
  • May 22, 2012 3:40am May 22, 2012 3:40am
Just sold GBP/JPY at 125.78, sl 126.10
  • #19
  • Edited 8:06am May 22, 2012 4:03am | Edited 8:06am
Quoting Mr Woozel
Just sold GBP/JPY at 125.78, sl 126.10
Just bought GBP/JPY at 125.53, sl 125.23. Want to see a break.
  • #20
  • Edited 8:15am May 22, 2012 4:13am | Edited 8:15am
Quoting Mr Woozel
Order Added
EUR/USD: buy 1.2769, sl 1.2744
Quoting Mr Woozel
Also placed order to sell USD/JPY: 79.72, sl 80.02.
ACTIVATED: EUR/USD buy at 1.2769, sl 127.44
ACTIVATED: USD/JPY sell at 79.72, sl 80.02

Quoting Mr Woozel
Summary of Open Trades
USD/JPY: Sold 79.48, sl 79.78.
sl hit
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