Swing Trade EURUSD

The main strategy for this trade explorer is for swinging the EURUSD. However, I will also trade other currencies based on price action.

Target balance at December 31 ,2012: $2,500

Price action of the first trading week of October looks like its going to test the recent high at 1.3170. Nevertheless, i'm in for the ride whatever direction it might take.

Balance = 1,161
Target = 2,500

Amount to target = 1,339

Performance update - End of October 12, 2012

Balance = 1,265
Target = 2,500

Amount to target = 1,235

The retrace to 1.2825 is higher than the retrace to 1.2804. If the pair closes above 1.3050, it could challenge 1.3172 high made on 9/17/2012. Three positions are open.

I also provide signals in Zulutrade for EURUSD: SP Account: Fxturtle - EURUSD. All the entries and exit for EURUSD is the same except for a few pips here and there. This account is not linked to Zulutrade platform because Pepperstone is not supported by ZT.

http://zulutrade.com/TradeHistoryInd...spx?pid=120568

IMPORTANT: Follow on a DEMO for at least 8 weeks. If you want to follow with real money right away, please trade with 1 microlot for each trade.

Highlights of my trading style for Zulutrade purposes.

- Swing trader. Some positions are open for 2 to 4 weeks until TP is reached
- Maximum TP is 800 pips
- SL are between 60 to 150 pips, which depends on support / resistance levels
- No overtrading. Average trades per month is between 10 - 15
- Maximum open positions is 6 ( 3 shorts and 3 longs). Hedge positions is only for winning trades. No hedging for losing trades

The reason I asked my followers in Zulutrade to enter all trades (Max of 3 for each signal generated) is that so they can scale out winners at different levels.

For transparency purposes, within the course of a year, we will get stopped out, but I will reduced trades accordingly if the going gets rough, so our DD will stay between 600 to 1000 pips. A DD of this magnitude per year trading 3 positions at a time would be acceptable for swing trading system as long the percentage does not exceed 15%.

Fxturtle – EURUSD trades have unrealized gains of above 100 pips and only one was over 200. This account would have been comparable to Fxturtle if I started it on the same day in Zulutrade. Right now, this account has a 100% winning ratio, but DO NOT even expect that this will be the case all the time.

Please note that the result below will NOT always happen every trade as the market has a life of its own and will move the way it wants. HISTORICAL PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

I am not closing my long positions until it gets below 1.30 then I will reconsider. Right now, it is in a throwback.

I closed one position in ZT for more than 100 pips to give my followers some green pips.

All long positions closed for a total pip gained of over 220 pips.

EURUSD failed to break 1.3170 and broke 1.30 decisively to the downside. However, the price is bouncing off support / rising trend line. If the price break 1.30, it will be a bullish bias.

this pair bounce off hard from 1.2660 area and broke resistance at 1.2830 then 1.2910. It is tapping big resistance at 1.3 last Friday. I took off profits last week, but looking to add additional position around 1.2950. TP for my current positions is around 1.3480.

Any update on latest trades?

Target of $2,500 not achieved, but I'm satisfied with the performance.

Target at the end of December 31, 2013: $15,000

Happy new year !!!

Goal for 2013

Pip gain: 8,000 to 12,000
ROI: 1000%
Ending balance (12/31/2013): Between $15,000 to $20,000

The year started well for EURUSD trades.

My Zulutrade account FxTurtle - EURUSD is getting some good pips last week. My live account currently have over 600 pips floating profit.