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Long term position trading

  • #1
  • First Post: Edited 2:59pm Jun 18, 2015 2:01pm | Edited 2:59pm
I have decided to start this thread as my trading journal to monitor my longterm trades, track my progress and sharee ideas. I will post my trades here as well as analysis if i feel like. I hope the results will be encouraging and other traders can learn and also make money together. I am not necessarily sharing a system. This thread is basically a journal, but if its useful to other traders it will be my pleasure
  • #2
  • Jun 18, 2015 2:03pm Jun 18, 2015 2:03pm
Awesome! I think it's great to do these journals as it can really help with trade psychology and trade reflection.
Good luck with the thread and TE!
A pip is only worth it if you know how much you risked to earn it
  • #3
  • Jun 18, 2015 2:37pm Jun 18, 2015 2:37pm
Thanks mate for your support as always. Past 5 to 6 trading days has shown me the importance of a journal as evidenced in my time based transient/recurrent zone thread. I have suprised myself. As you said it helps with trade psycology and reflection
  • #4
  • Jun 18, 2015 2:49pm Jun 18, 2015 2:49pm
Quoting ephisi
I have decided to start this thread as my trading journal to monitor my longterm trades, track my progress and shsre ideas. I will post my trades here as well as analysis if i feel like. I hope the results will be encouraging and other traders can learn and also make money together. I am not necessarily sharing a system. This thread is basically a journal, but if its useful to other traders it will be my pleasure
Trade Explorer added. This is a very simple no brainer abcd system. I hope i will be able to prove to intraday traders that if youre not yet excellent in daytrading theres something for you in position trading. Less stress, less energy, less screen time, less losses massive profits of thousands of pips. Thats what im out to prove.
  • #5
  • Jun 18, 2015 3:29pm Jun 18, 2015 3:29pm
My NZD trade are deep under water because this time the signal failed. A major long term reversal is shaping up. I expected the rbnz to keep rates on hold but they did a suprise cut hence the weakness of NZD. Im holding on to the trades because i can still close them in profit or little loss then reverse my positions.
  • #6
  • Jun 23, 2015 1:14am Jun 23, 2015 1:14am
Quoting ephisi
My NZD trade are deep under water because this time the signal failed. A major long term reversal is shaping up. I expected the rbnz to keep rates on hold but they did a suprise cut hence the weakness of NZD. Im holding on to the trades because i can still close them in profit or little loss then reverse my positions.
Opened up my trade explorer once again, Alot of people dont know how to show appreciation here on FF. They take your stuff, learn from you, use it and even teach others yet do not appreciate. My appreciation to all those who have impacted me here on forexfactory here continues till this day. Fxjay, vlad, eurusdd i appreciate then everytime i have the opportunity. Eurusdd is still hurting from the pain of what happened. I know this because i sent him mails to appreciate him for what he gave us. My trade explorers henceforth is open to only buddies.
Anyway thats by the way. There will be no new position trades till the month of july. I strongly believe i will close my nzd trades in profit or worst case little loss then reverse the trades. Waiting for the right time and best opportunity. She will head back up soon. Trade safe
  • #7
  • Jun 23, 2015 7:28am Jun 23, 2015 7:28am
Eurusd journey to parity will add position next month on next months rally if any
  • #8
  • Jun 23, 2015 8:32pm Jun 23, 2015 8:32pm
Trade calls for the month of july. Buy gbpusd on the big dip in july targeting 2000 pips
  • #9
  • Jun 24, 2015 9:22pm Jun 24, 2015 9:22pm
Added AUDNZD short @ 1.1182 should have done so at 1.1280 but it didnt occur to me that i should recoup some or all of the losses with another positions. Same with NZDCAD ADDED LONG @ 0.8557 best entry would have been 0.8420. Will apply this strategy next time i have a such losses
  • #10
  • Jun 24, 2015 10:04pm Jun 24, 2015 10:04pm
Quoting ephisi
Trade calls for the month of july. Buy gbpusd on the big dip in july targeting 2000 pips
Thanks for creating this great threat mate, subscribe. May i know you analyse this based on bigger TF like D1 / W1 ? Is it using the same strategy?
Good friends are more valuable than gold ...
  • #11
  • Jun 25, 2015 12:26am Jun 25, 2015 12:26am
Quoting pedma
{quote} Thanks for creating this great threat mate, subscribe. May i know you analyse this based on bigger TF like D1 / W1 ? Is it using the same strategy?
Nope its an entirely different strategy. But i may use the other strategy only as entry technique. Its based on the monthly chart.
  • #12
  • Jun 25, 2015 8:13pm Jun 25, 2015 8:13pm
Closed all NZD trades. I guess its not point holding on to a looser. It could go 1000 or 2000pips against me and still come back in my favor. But there no point holding on to a 1000pip drawdown trade for months waiting for it to ooee back to breakeven. So cut the losses when you are sure you were wrong and let the profits run when you know you cauhtt hhe trend
  • #13
  • Jun 26, 2015 12:01am Jun 26, 2015 12:01am
Quoting ephisi
{quote} Nope its an entirely different strategy. But i may use the other strategy only as entry technique. Its based on the monthly chart.
I see. Thanks mate.
Good friends are more valuable than gold ...
  • #14
  • Jun 26, 2015 12:30am Jun 26, 2015 12:30am
Quoting ephisi
Closed all NZD trades. I guess its not point holding on to a looser. It could go 1000 or 2000pips against me and still come back in my favor. But there no point holding on to a 1000pip drawdown trade for months waiting for it to ooee back to breakeven. So cut the losses when you are sure you were wrong and let the profits run when you know you cauhtt hhe trend
After reflecting i concluded i shouldnt have closed my nzd trades. Closing losing trades early was not my original plan. I wont close the next loosers until my system says so. still finetunning.
  • #15
  • Jun 26, 2015 12:06pm Jun 26, 2015 12:06pm
New deal. Short cadjpy at 100.34. I actually didnt notice i had a signal at 101. Im 100pips late but cool
  • #16
  • Jun 28, 2015 10:49pm Jun 28, 2015 10:49pm
15%(Net 8%) in 2 weeks for no work done. The best way to make money is to sit on your hands doing nothing. Ive opened the trade explorer to the public for sometime. Will limit it to my buddies after a while
  • #17
  • Jun 29, 2015 2:06am Jun 29, 2015 2:06am
Hi
Nice thread you got here. Guess you trade off W / M TZs. Great calls though. & those traders you mentioned earlier have created a hidden goldmine people hardly notice. Looking forward to the progress of your trades.
Regards.
  • #18
  • Jun 29, 2015 2:31am Jun 29, 2015 2:31am
Quoting bishopdotun
Hi Nice thread you got here. Guess you trade off W / M TZs. Great calls though. & those traders you mentioned earlier have created a hidden goldmine people hardly notice. Looking forward to the progress of your trades. Regards.
Thanks bishop d. This system is a very simple non TZ system. Sell rallies in downtrend. Buy dips in uptrend. Nothing spectacular. But then i have got experience in the market. So not every one might have it as easy as ABCD. Butt this way of trading isnt hard to learn. I may or may not use TZs as entry.TZs will only give me accurate entries. But i entered the first 4trades when i hadnt discovered my TZ skills.
  • #19
  • Jun 29, 2015 3:16am Jun 29, 2015 3:16am
Quoting bishopdotun
Hi Nice thread you got here. Guess you trade off W / M TZs. Great calls though. & those traders you mentioned earlier have created a hidden goldmine people hardly notice. Looking forward to the progress of your trades. Regards.
A pip is only worth it if you know how much you risked to earn it
  • #20
  • Jul 1, 2015 3:05am Jul 1, 2015 3:05am
Quoting vlady1974
{quote}
Hey vlad, nice seeing you here. In the background for now , stressed from much forum activity.
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