Back to Tests

I have decided to implement price action to my trade list, but I have to back test all the new techniques before trading them live. The Market changes, so in order to do well in this business one must be flexible enough to change with it. This journal will be just a place where I will post and comment on my progress and conclusions. Feel free to comment and share your thoughts aswell but no quarrel please

I will star this week with a short on the EUR/USD. I see the euro down and US up. I might closed that position if it goes up too much for a long on USD/CHF.

News trade ;

Australian Sales number were worst than expected. I went short on GBP/AUD.

Stop-loss @ 1.5075
Take-profit @ 152.36

I will close this trade before the Tuesday Trade Balance numbers and might open another position on this pair before that

I closed this trade this morning. 25 pips is fine for me. I might open another position later on the day, after the Trade Balance.

There could be a rate cut for Australia. The government would like to have a weaker currency and that could help them

Draghi said that the ECB is ready to re-act again. Any pull back will be an opportunity to sell

Fibonnacci is an indicator. You will often hear that indicator cant predict where the market will go. You know what...... I agree with them....... but fibonnacci is the best indicator and although it might not be right all the time, its a damn useful to and my only indicator




Archives : fib 32

Nothing, there's nothing I could trade for today. Going into EUR/USD at the moment seems too risky while I would have to wait to trade ( I want to short) the AUD. I guess its better to wait for an opportunity than to jump for no reason

So far so good. Even tho Im doing well now I will still keep on practicing for the next 2 months at least.

The market was easy for the past days. The moves were quite obvious. I see the Euro down, but we could have a little uptrend by the end of the week. One thing is sure, US economy is back on its feet and we can clearly see that through the S&P500


Good trading to all

Test period is almost over. I will be testing my new strategies for another 3 or 4 weeks before going back to live.

My trading skills have improved for a lot while I managed to simply alter my old trading strategies and add new ones.

Its so weird that the AUD and the NZD gain at the beginning of last week. When I look at these two currency, I cant stop but to see them down

Trading this week wasnt easy. I started well and finished well but between the beginning and the end there was a bad period. I still have to chose how much I have to risk within each signal and how much should I aim. In one or two month I will be really ready to go back into my live trading, all I have to do is to keep on testing a little bit so I can find more flaws on my system.

We had a very volatile week so I guess thats why I didnt do as well as last week. Next week I will be looking forward to sell gold and maybe buy the Dow Jones

Happy trading everyone

its been about 30 days since I started the new demo account and so far Im doing OK. I made a lot of good decision and few bad ones allowing me to gain 50% in a month. Althought it might sound nice, 50% a month is too much.

Im glad that I succeeded by producing 4000 pips tho. I would like to produce about 2000 pips per month every month and so far Ive done well.

Anyways, I will have to keep on demo trading a little bit more to see how my system will probably run in the long run once I have traded for more than 60 or 90 days.

Happy trading every one

Its been a while since I last posted on this thread. Since then, I made some improvements on my trading system. I have more than one technics and I have both daily and weekly cycles setup. I managed to do well for a couple of days but I want to practice more and get good result on the longterm