Kokopelli & CurrencyMan - Trading Journal

This trading journal was created solely for personal learning, testing of a new strategy and self improvement and NOT for anyone's trading purposes. Read at your own peril!!!

I will be Luke Skywalker and trade the top DEMO account ($50K) to test out a new strategy. While CurrencyMan will take on the role of Obi-Wan Kenobi and provide the necessary guidance while trading the bottom DEMO account ($50K).

Again, these DEMO accounts were set up strictly for testing purposes, and should NOT be emulated by anyone with real money.

May The Force be with me!!!

Great Start Luke

StatementStatement Period: from Aug 4, 2012 9:04:11 PM through Aug 7, 2012 12:31:36 PMUser Name: luke skywalkerFXCMUK
luke skywalker
United KingdomTrade account #: 01408076Created at: Aug 4, 2012 9:04:11 PMStatus: ActiveBase currency: USDCLOSED TRADE LISTTicket #SymbolVolumeDateSoldBoughtGross P/LCommRolloverAdjNet P/LConditionCreated By44458597EUR/USD10,0008/7/12 7:42 AM1.24283Mktfx14148690018/7/12 8:57 AM1.241869.700.000.000.009.70Cfx141486900144458603EUR/USD40,0008/7/12 7:42 AM1.24286Mktfx14148690018/7/12 8:57 AM1.2418640.000.000.000.0040.00Cfx141486900144458604EUR/USD50,0008/7/12 7:42 AM1.24289Mktfx14148690018/7/12 8:57 AM1.2418751.000.000.000.0051.00Cfx141486900144458605EUR/USD100,0008/7/12 7:42 AM1.24285Mktfx14148690018/7/12 8:57 AM1.2418897.000.000.000.0097.00Cfx141486900144459276EUR/USD100,0008/7/12 8:15 AM1.24369Mktfx14148690018/7/12 8:47 AM1.2430663.000.000.000.0063.00Cfx1414869001Total:260.700.000.000.00260.70Posted at statement period of time:260.700.000.000.00OUTSTANDING ORDERS

ACCOUNT SUMMARYBeginning Balance0.00CommTrading Commission0.00RolloverRollover Fee0.00PnLProfit/Loss of Trade260.70DeposDeposit50,000.00WithdWithdrawal0.00OptionOptions Payout0.00CommOptions Commission0.00AdminFeeAdministrative Fee0.00MngFee Management Fee0.00PerfFeePerformance Fee0.00VoidDeposit Rollback0.00ASPCommASP Commission0.00MargInterestInterest on Usable Margin0.00Ending Balance50,260.70Floating P/L0.00Equity50,260.70Necessary Margin0.00Usable Margin50,260.70Necessary Margin (Maintenance)0.00Usable Margin (Maintenance)50,260.70Notes: "THIS IS A DEMO ACCOUNT WHICH IS TRADED WITH VIRTUAL FUNDS. NO REAL MONEY IS USED IN TRADING THIS ACCOUNT. Demo accounts are used primarily for education purposes, testing of strategies, and familiarizing traders with market movement and the FX Trading Station. There are inherent risks associated with online trading that may arise due to downtime, currency fluctuation and other risks associated with currency speculation. Only risk capital should be used when trading a real account."


If you do 1/2% a day, $250 US then you will be at 10% a month. Keep up the good work.

Please review the trades made and give me feedback.

We had a little techno glitch. Everything has been straighten out.

From now on, my (Kokopelli's) trades will be recorded in the top account, and CurrencyMan's trade will be recorded in the bottom account.

We are just getting organized. The GOAL is to get our friend to earn 5% a month minimum for three months in a row.

What hours will you be trading? Is this your full time job? Are u going to share the strategy?

Best Tme To Start is at 2:00 AM EST just one hour before Europe Equity markets open. Then a quiet time between 6:00 AM and 7:00 AM EST and then full blast until NOON when Europe goes home. The last two hours between 2:00 PM EST until North America Equities close at 4:00 PM EST...

Time off between 5:00 PM Rollover time until 2:00 AM and we start again.

11 Hours of trading time if a Trade Plan develops.

4 + 5 + 2 = 11

Sure I will teach you everything I learned in the last 10 years. Good Evening !!!

The Olympics are soon over. Closing ceremony at 4:00 PM EST on August 12, 2012.

Go Teams Go

Here come The Spices Girls and Eric Idle...

What's happening man? I was hoping to pick up some tips so I can annihilate this market in September.

Hey, what happened to the trade explorers? Now you see them, now you don't

I see that you have started to trade. Try to focus on just a few currencies and know why you are making the trade. Patience is important. Please post here and share your reasoning on the trades that you made today.

You are off to a good start and the profits are not the key in the beginning. It is to develop a method and a discipline.

Good Morning and stay well.

I was under the weather, and now I'm feeling a little better.

I got up this morning and looking at the charts (using ThinkOrSwim platform) and got a bunch of entry signals. All the trade entries were market entries. This is not my preferred way to enter a trade. Had I got up earlier, I would have used Limit-Entry orders and Stop-Entry orders instead.

I didn't notice until much later this morning that the non-currency pairs on the FXCM platform have different prices than what are shown on my TOS platform. For example, XAG/USD (on FXCM) is currently at 27.90 ask, while SI Futures (on TOS) is at 27.84 ask. This is disturbing to me, since all my price action analysis and trade entries are based on TOS charts.

The entries that you saw this morning are solely based on my trading strategy and PA analysis, which can be found here:
http://www.forexfactory.com/showthread.php?t=346035
It's such a pain in the ass to post the PA analysis (because it took forever to create a single PA post). I will need to find a way to streamline the method.

All the trades using my current strategy/philosophy will be posted/discussed in my other thread. Once, I had learned your method, and using it to enter, then I will post and discuss those trades in this thread - to reduce confusion.

P.S. I need to learn how to type faster because this post took a lifetime to create.