Ruskie 2013

If you have 40k, trade a 4k account and try not to lose it all.

You will have more chances.

Yuri - thanks for the suggestion.

I dont think account size makes any difference if the position size and stops are the same. The total P&L will be the same regardless of the account size.

With a 40k account size and 40k position size and 75 pip stops on most of the trades I will need to have over 100 losers and no winners to lose it all.

If its not hard for you, write please what strategy do you use. I always check my trading decisions with your posts. Do you trade Price action and candle patterns?

Begginer - Thanks for reading the thread.

I look at daily and weekly candlestick charts. 85% of my trades are off of daily and about 15% off of weekly. I don't look at any indicators or moving averages.

I started with the Technical Analysis book by Edwards & Magee and tried to customize some of the patterns they talk about.

The customization was more to give the patterns a structure so I could backtest them.

Trade38 - EURJPY went over 132.28, but after my broker closed(IB), so didnt execute
Trade43 - EURJPY went over 132.28, but after my broker closed(IB), so didnt execute

Trade44 not yet executed. Cancelled.

Trade46 - not yet executed. Changed stop to 16655. Buy 40k GBPAUD at 16655 Stop.

Trade47 - Sell 40k USDJPY at 9965 Stop. If prices hit 10080 b/f hitting stop, the order gets cancelled

Trade47 executed - Sold 40k USDJPY at 9964. Stops at 10040

Trade46 executed - Bought 40k GBPAUD at 166565. Stops at 16580. If stop not hit sell 20k at 16755

Trade48 - Sell 40k EURAUD at 14156 Stop

Trade49 - Sell 40k AUDUSD at 9128 Stop

Trade50 - Sell 40k EURUSD at 13056 Stop

Trade46 - Stopped out at 16579
P&L(Trade46) = -AUD 310

Trade49 not yet executed. Cancelled.

Trade50 not yet executed. Cancelled.

Trade38 - Sold 20k EURJPY at 13228. Stop on the remaining 20k at 13038. If stop not hit then sell 10k at 13338

Trade43 - Sold 20k EURJPY at 13228. Stop on the remaining 20k at 13038. If stop not hit then sell 10k at 13338

Trade47 - Change the stop from 10040 to 10041

Trade47 - Stopped out at 10041
P&L(Trade47) = -JPY 30,800

Trade48 not yet executed. Cancelled.

Trade51 - Sell 40k NZDJPY at 7889 Stop

Trade52 - Buy 40k EURAUD at 14487 Stop

Trade53 - Sell 40k EURUSD at 13056 Stop

Trade54 - Buy 40k USDJPY at 100705 Stop

Trade54 not yet executed. Cancelled.

Trade53 not yet executed. Cancelled.

Trade 38 - Stopped out of the remaining 20k EURJPY at 13035
P&L(Trade38) = JPY 37,400

Trade43 - Stopped out of the remaining 20k EURJPY at 13035
P&L(Trade43) = JPY 29,800

Total P&L So far

Trades1-23 = USD 2,645

Trades 24-50
Trade28 = JPY 27,400
Trade29 = JPY 29,000
Trade30 = USD 362
Trade32 = -USD 304
Trade33 = -AUD 316
Trade35 = -USD 388
Trade38 = JPY 37,400
Trade39 = -USD 308
Trade40 = -USD 392
Trade43 = JPY 29,800
Trade46 = -AUD 310
Trade47 = -JPY 30,800

Total(24-50) = -USD 665

Total(1-50) = USD 1980