Fighterdude's Live trading journal

Hi everyone,

I've decided to start a trading journal showcasing trades taken on my live FXCM account.

I will post my trades as I take them showing my entry, stop and target on the live market, as well as post a screen shot of my account balance and transaction history at the end of each day.

I am tired of hearing from all the skeptics.... lets let the numbers do the talking and our charts do the walking...

Watch me grow and BELIEVE!

Cheers and happy pips to all!

~fighterdude

PS - I've included a screenshot to prove that I am trading on a LIVE account... just to keep the hardcore happy...

Good morning all,

Looks to be a pretty calm market open, ahead of the Eurogroup meetings and Draghi's speech.

For today, I will be actively looking for trades on the following pairs -

SHORT -

EURUSD
GBPUSD
AUDUSD(being cautious)
GBPAUD
EURCAD
GBPCAD
GBPCHF

LONG -

USDJPY(being cautious)
AUDJPY(being cautious)
USDCHF
EURCHF
EURGBP
USDCAD(being cautious)
CADJPY(being cautious)
CADCHF


Lets see what develops.

Cheers!

~fighterdude

First trade of the week - Short GBPCAD.

Entry Price - 1.57459
Stop @ 1.5799
Target @ 1.5693

My stop is a catastrophic stop level. Normally if things change while I am in the market, I will exit much sooner than my stop out level.

GBPCAD Short closed for -2 pips. Looks like support isn't going to break just yet.

Whats your strategy?

2nd trade of the day/week. GBPAUD short.

Entry Price - 1.63719
Stop @ 1.64719
Target @ 1.6268

1hr/4hr Multi time frame analysis with daily levels for my targets. In most cases I go for around 50 pips unless there is a clear support/resistance level in the way or if we are in a very strong trend I will take more.

Nothing new as far as my tools go, I use moving averages and oscillators. However, my particular combination is very effective in weeding out bad setups and keeping my focus on the right side of the trend. Which is key. Also I look at many different pairs and cherry pick the best setups.

This thread isn't so much to showcase my strategy/indicators. I have read far to many posts from struggling newbies and jaded traders and wanted to start setting the record straight about what is achievable, etc. So it's purpose is to prove a high level of profitability through live, verifiable and consistent results.

Cheers and thanks for stopping by.

~fighterdude

Ok thanks for the response and looking for forward to this thread!

GBPAUD short closed -14 pips. GBP holding it's support for today across the board.

Okay so that is it for today.

2 trades total.

1st trade was a GBPCAD short which resulted in -2 pips.
2nd trade was a GBPAUD short which resulted in -14.3 pips.

End of day result on the account was -0.9%.

I may take some trades in the Asian session if I feel like getting up for it. But barring that, I will be back for the European open tomorrow morning.

Until then everyone, cheers and happy pips to all!

~fighterdude

Data for the Hardcore -

Might of pulled the plug too soon on the GBPAUD... :-)

Maybe so...

But then again, rules are rules, and mine said to cut it.... so I did. I'm not gonna cry over missed pips... there will be plenty more! :-D

Cheers!

~fighterdude

Hi fighter,

Why don't just attach a trade explorer instead of screens captures It's easier to follow with great performance counters and also great to post-analyze your trades.

I hope you will do well.
BT

Trade explorer only supports MT4 with FXCM.

Precisely.

Cheers,

~fighterdude

Good morning everyone,

Aside from GBP manufacturing production and the ECOFIN meetings, Today should be a fairly light day news wise.

So lets get right into it...
I am actively looking for trades on the following pairs -

SHORT -

GBPAUD
EURAUD
GBPNZD
EURNZD
CHFJPY(being cautious)


LONG -

AUDJPY
NZDJPY
EURCHF
AUDCAD(being cautious)
NZDCAD
NZDCHF
AUDCHF

Cheers and happy pips to all!

~fighterdude

First 2 trades for the day and 3rd and 4th for the week is a GBPAUD short and EURAUD short.

GBPAUD -

Entry Price - 1.63748
Stop @ 1.64449
Target @ 1.62748

EURAUD -

Entry Price - 1.40949
Stop @ 1.41647
Target @ 1.39949

GBPAUD short target hit for +100 pips.

EURAUD short early exit for +43.5 pips. Support was found on Daily 21-EMA. We need a break below and retest as resistance to confirm further downside potential.

Eying a potential CADJPY long. We've got our entry signal on the hourly chart but price has closed on the high...

I am a little wary buying at the previous top so I am going to see if I can ride the price and get in as close to 95.96 as possible.

Hopefully it wont get away on me.

Stay tuned for my entry(or not if price starts to spike)...

Cheers, I hope everyone is having a good day!

~fighterdude