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Trades of Dust

  • #1
  • First Post: Edited Oct 12, 2012 2:41pm Sep 23, 2012 8:29am | Edited Oct 12, 2012 2:41pm

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Here is a few things that I would like you to know:


1. For the most part, my SL is my SL. I won't be incorporating any trailing stops, moving my trade to BE, or anything else others do to their SL at all. This means that I will stay in a trade until either I stop out or I hit my profit target.

2. I am setting up my risk reward ratio to consistently be around 4.5:1. As such I will also incorporate some sort of a Martingale system as necessary since I am safe to do so.

3. My TP is dynamic, and so that is can change as market conditions dictate

4. My trades will trigger using both limit and stop orders. The situations dictate which one I am to use.

5. I trade only off the daily chart.

6. I will try my best to help anyone become a more successful trader.

Enjoy Trading!
"Keep your eyes on the helpers" - Mr. Rogers
  • #2
  • Sep 24, 2012 7:46am Sep 24, 2012 7:46am
Good Morning:

I have no new trades to get into at the moment, but my gbpnzd trade is moving along rather nicely. I have identified a higher trendline, and so there is some thought that this trade move up to that second line. In a sense, this would end up being the top of a rising pchannel (price channel). There is no validation that my lower trend line is an accurate place to put a line, though it is somewhat validated with my upper red channel line.

Trend indicates down, channel is pointing down and price will soon start to enter a few areas of resistence. Being that trend is down, and I am on the high side of the wave, getting close to my upper red channel line. I will be looking for confirmation to enter short and join back into the current trend, while still trying to identify that point where the breakout occurs to higher ground if it does.

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More later if anything else materializes. Otherwise, it is time to enjoy my day. Enjoy yours!
"Keep your eyes on the helpers" - Mr. Rogers
  • #3
  • Sep 25, 2012 7:29am Sep 25, 2012 7:29am
Good Morning:

Still holding my gbpnzd trade. At this time I am getting conflicting signals and so rather than make a move I am just going to move my SL and lock in a few pips or profit. I know that lots of people like to scale in and out of trades, but for the record, I will not be doing that unless I change my mind and decide that it is adventageous to me being a good trader.

I am going to put a buy stop on audusd. Trend is up, price is playing in the waves and what appears to have bounced off some support. I don't know what is going to happen with this, and so I have a tight stop and will most likely be moving to b/e after a fair amount of pips have been added. Maybe looking at 1.0550 or something. I am not convinced that it will head back to the top of the channel.

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More later if anything materializes. Otherwise, it is time to enjoy my day, and that is exactly as I plan to do.

"Keep your eyes on the helpers" - Mr. Rogers
  • #4
  • Edited 7:30am Sep 26, 2012 7:19am | Edited 7:30am
Good Morning:

There is really nothing new to report today. Yesterday I jumped the gun early with my audusd trade, but had a very tight stop and my trade did stop out. I was thinking it might go back up, but it pushed itself right on through the wave.

With that said, I have no entries today, but things are getting close and I am just waiting for a sign that we are at the end of one swing and ready to start another one. Some of my levels have already been reached. Time is near, but it takes patience on the daily charts. Something I did not show with my trade yesterday.

I don't expect anything to happen today, except maybe a eurjpy trade from the 15M charts, but I am not going to post regarding what I do there.

My gbpnzd trade is still open with what appears to be more room to head to the upside.

Time to enjoy my day and not worry about watching charts. Enjoy yours!
"Keep your eyes on the helpers" - Mr. Rogers
  • #5
  • Edited 7:59pm Oct 1, 2012 7:00pm | Edited 7:59pm
Good evening:

I am going to keep it short. I am long gbpusd and audusd. I am also looking long on eurusd and short on usdcad. However, I am going to trade the latter off my renko charts so I can incorporate a tighter sl.

I think for now, both these trades are going to get caught in the wave. Charts look equally as edible for eurusd and gbpusd.

Enjoy!

I will post these two charts for now.

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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"Keep your eyes on the helpers" - Mr. Rogers
  • #6
  • Oct 2, 2012 8:31am Oct 2, 2012 8:31am
I think there is still time for this gbpusd trade. Aussie dumped on me, but I have also entered now short auscad and long eurusd.. it might be happening and all with very tigt stops.

Quoting damonl
Good evening:

I am going to keep it short. I am long gbpusd and audusd. I am also looking long on eurusd and short on usdcad. However, I am going to trade the latter off my renko charts so I can incorporate a tighter sl.

I think for now, both these trades are going to get caught in the wave. Charts look equally as edible for eurusd and gbpusd.

Enjoy!...
"Keep your eyes on the helpers" - Mr. Rogers
  • #7
  • Oct 2, 2012 9:31am Oct 2, 2012 9:31am
Right now is a possible chance to buy the pound even lower with even a tighter stop loss. We could be talking 25, 50, 75:1 odds here. It is a no brainer trading opportunity for me.
"Keep your eyes on the helpers" - Mr. Rogers
  • #8
  • Edited Oct 8, 2012 7:05am Oct 7, 2012 6:20pm | Edited Oct 8, 2012 7:05am
Hello and good evening:

I know that I started this thread to record some of my trades, and up until now I really have not done so. However, I have been moving forward with a coder to make for me some custom tools that will make my overall job of trading easier, So, I will just have to see where things go from here.

My SL is set in stone and I will not move it. My TP however is dynamic and may change. I will exit this trade only if my SL or my TP is hit. That is basically the same for all my trades from here on out.

nzdusd - Long @ .8175: SL @ .8125: TP @ .8415

gbpnzd - My current long trade will close @ 1.9760

gbpchf - Long @ 1;5021: SL @ 1.4950: TP @ 1.5300

eurgbp - Short @ .8069: SL @ .8100: TP @ .7905

Alright. That gets me currently caught upr for now. I have decided that at this time I am not going to just place my stop/limit orders. If anyone has any particular questions about where I might enter a trade for a specific pair, I will gladly let them know if I have a current order placed or where that order might be.

Here is a chart for good measure:

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Enjoy trading!
"Keep your eyes on the helpers" - Mr. Rogers
  • #9
  • Oct 8, 2012 7:04am Oct 8, 2012 7:04am
Here are some more entries to report:

audchf: Long @ .9487: SL @ .9437: TP @ .9515

euraud: Short @ 1.2738: SL @ 1.2793: TP @ 1.2453

nzcchf: Long @ .7628: SL @ .7589: TP @ .7840
"Keep your eyes on the helpers" - Mr. Rogers
  • #10
  • Oct 8, 2012 4:28pm Oct 8, 2012 4:28pm
Quoting damonl


gbpchf - Long @ 1.5021: SL @ 1.4950: TP @ 1.5300
This trade has hit its stop loss. I am waiting for another opportunity to enter Long and have place a stop order in anticipation of that moment.

I have also entered another trade: I iwas a little late in this order and was hoping to be in about 50 pips higher, but I closed my eyses and missed it.

eurnzd: Short @ 1.5785: SL @ 1.5920: TP @ 1.5480

Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf.gif Size: 28 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #11
  • Oct 10, 2012 7:38am Oct 10, 2012 7:38am
So far so good with all my open trades. A few more have opened since my last posting which I will most likely update my journal with, but just not right now. Closing out all trades right now would bank me 600 pips, but I am going to be a little bit more greedy than that and announce that I want more. Not for the sake of wanting more, but because the market still has more to give me more during this recent swing. In doing so I may lose them all, but it is no matter, I am going to let me profits go, because I know that it won't happen every time.


My trades are not meant to be quick open and quick to close. I am expecting that my trades may be open for weeks before hitting their profit target. In the mean time, my job is only to manage the trades that I have open, and set stops at appropriate places to enter into the market, some trades on some pairs that aren't yet open. This takes me about 15 minutes each evening.

Incidentally, I re-opened my gbpchf trade which closed out early on the way back and it is doing wonderfully so far. It just broke out a litte farther than my stop loss during the first pass.


More later and Happy Trading!
"Keep your eyes on the helpers" - Mr. Rogers
  • #12
  • Oct 12, 2012 2:36pm Oct 12, 2012 2:36pm
Hello:

I hope you all are having a nice week trading. I have hooked up my trade explorer, but the values are really not working out to my open trades, so hopefully that will correct itself. If it dosesn't I will contact someone and see if I can get it fixed.

I currently have an open balance of $23.00, but in the explorer it shows that I am down -$63.00. As I look at the trades, in the explorer it is showing much differnt open positions than where my trades actually opened.

Does anyone mind letting me know if anyone can see my pending orders and the targets for my open orders. I would really appreciate it.

Enjoy and have a nice weekend. Hopefully I can get to the bottom of this trade explorer issue
"Keep your eyes on the helpers" - Mr. Rogers
  • #13
  • Oct 14, 2012 8:15pm Oct 14, 2012 8:15pm

Hello:

I hope you have a nice weekend. So far my exploerer is still reading the information. My trades are curently up 5%, but the explorere shows that my trades are in a loss. I have sent in a ticket regarding this and I expect that FF will see where the problem lies and fix it.

I sure hope that yoiur trading week is one with lots of winning pips.

"Keep your eyes on the helpers" - Mr. Rogers
  • #14
  • Oct 15, 2012 4:32pm Oct 15, 2012 4:32pm
I have been told that the reason that the explorer is not reading my trades correctly is because of the settings that I have given. It and it will take a bit for the explorer to catch up to everything, but it will indeed happen eventually, so bare with me.

I am also not an EA guy, but because the indicator that I use to enter trades changes during a current bar, I am having an EA coded to enter off my indicator as it gives me a better advantage then if I set a limit order. Why, because my limit order does not adjust with the indie. Having the entry point adjust as price got close to it as the indie does will put me in a much better position. This is also okay, as there is no question on the entry of the trade. I would do nothing different in real life entering the trade that the EA couldn't do itself.

The EA will just give us a more adventageous entry than my limit order would as my limit order does not adjust, and the actual entry point shoulde adjust with the EA.

Hope that makes sense, and I hope you had a nice trading day!
"Keep your eyes on the helpers" - Mr. Rogers
  • #15
  • Edited 8:46am Nov 16, 2012 8:36am | Edited 8:46am
2012:11:15

Hello:

It has been a long time, but I hopw to be around puting my posts up here more often. There were a few things that I needed to work out, and it was hard to post and do that. Now, I think that I have that completed. I only have a little time to upload one trade right now, so I will get back to this by posting this one good opportunity and then I will be gone for a few days.

I have just entered short AudNzd:

Attached Image (click to enlarge)
Click to Enlarge Name: audjpy.jpg Size: 118 KB
"Keep your eyes on the helpers" - Mr. Rogers
  • #16
  • Last Post: Nov 16, 2012 11:06am Nov 16, 2012 11:06am
Closed my cadjpy long trade and opened a short trade.

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"Keep your eyes on the helpers" - Mr. Rogers
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