Xeniz divergence journal

Long EURAUD on H1 normal divergence.

EDIT: Currently at 1.5315 so have brought SL to BE+5pips, and a TS at 21pips

EDIT: Was closing in on TP but seemed to stall, so closed trade at a 0.9% gain. Then went up to TP. Hard to know when to keep those wining trades open....

Divergence P/L to date: +4.7%. 19 trades, W/L = 13/6 = 68% win rate

Brother I noted that you are getting B.E too many times. So i would suggest to divide your overall Position. Let's say, you are trading with 0.02 Lot size. Then rather opening a single trade of 0.02 , you open two trades of 0.01 size. When you reach at your B.E Pips (normally this i keep equal to my SL), Then close one of the trade. By doing so you already achieved B.E. By doing so, you will not need to move your initial SL to your Entry price. Hence you are having a much safe B.E even if the SL for the second trade has been hit, you will be ending on B.E because you have already closed half of your position in Profit.

Thanks, I have asked my broker to deactivate the hedging possibility from my account so that I can partially close some of my trades.

Short EURUSD. This is normal divergence, and have shorted around the S/R level of the 1.2000 mark

EDIT: SL moved to BE+3 with TS. Doesn't look too strong on the downside

EDIT: Trade closed in 0.5% profit, not too far from TP, as it seemed to be stalling. In this case it was the right thing to do.

Divergence P/L to date: +5.2%. 20 trades, W/L = 14/6 = 70% win rate

Short GBPAUD.

EDIT: SL hit. Perhaps trade required a more significant turn down in the MACD before entering. Increased trade size a little given recent gains, so a 0.7% loss here.

Divergence P/L to date: +4.5%. 21 trades, W/L = 14/7 = 67% win rate

Long AUDHKD. Perhaps SL/TP aren't far enough away with this one as trade is already 50% in the red even before I had a chance to post it.

EDIT: Another loss, at 0.8% given the last few trades were larger lots. I still believe this has some good upside from here, it appears to be around a S/R level, and the divergence is still there. But I have entered 5 trades today, 2 wins, 2 losses (for total of 0.7% loss), and the 5th trade is currently at 0.4% loss. So no more trading today....

Long EURGBP.

Short EURJPY.

Results of the last two trades:

EURGBP, another loss, this was the third consecutive loss once I had doubled the risk/reward, so Thursday was not a great trading day all up.

EURJPY. I felt this was a good set-up, and it worked well, however I had the TP a bit far and while it got close, it soon retraced and took a few more hours to get back to a level where I decided to close it.

Therefore the last two divergence trades were a 0.8% loss and a 0.4% gain.

Divergence P/L to date: +3.1%. 24 trades, W/L = 15/9 = 62.5% win rate

Your annualized return has improved, I could do another simulation for you but this time excluding your earliest data so you could a better idea of your projections.

Short AUDNZD. Once more, I might have the SL/TP a little far apart...

EDIT: SL hit with a 0.5% loss. A little frustrated with this trade, was about 0.4% in profit but decided to not take profit early this time, or to bring SL to BE, as I wanted the trade room to move..... I did tighten the stop loss a little, and I got stopped out. I was in positive for the best part of the first two hours, and then it turned.

Long AUDCAD HD H1.

EDIT: I decided to take the profit on this one while it was on offer. 0.3% gain.

Divergence P/L to date: +2.9%. 26 trades, W/L = 16/10 = 61.5% win rate

Short CADJPY. Possibly a little early. We are entering a S/R area, so looking at the bounce back down, and in line with the trend on higher timeframes.

Long Wheat. I know it is getting close to the BRN though.

EDIT: SL moved to BE+1

EDIT: Took the profit of 0.5% as it ran up.

Divergence P/L to date: +3.4%. 27 trades, W/L = 17/10 = 63% win rate

Last trade for the evening, Long EURGBP M30.

EDIT: Have pushed the TP a little and put in a TS as it is looking strong

EDIT: Didn't want to be greedy, and closed it out at 0.75% gain before it retraced, I have more than exceeded expectations today (especially being Monday) so have also moved SL of CADJPY to BE+1 although it is just in the black.

The CADJPY trade above was moved to BE+2 as I had done well on the other two divergence trades and just locked in the profits for today, and it did get stopped out at that level.

Divergence P/L to date: +4.1%. 29 trades, W/L = 19/10 = 65.5% win rate

Long on Bund. This was not a good trade, in the sense that I did not do enough reaserch, otherwise I would have realised that this "commodity" did not trade within certain hours. I will, however, keep to the trade.

EDIT: It went against me to start with, then came back and was half way to TP, so I moved SL to BE+3. And it got hit (0.1% gain)..... Didn't like the feel of this at all, will drop it from my list.

Long EURJPY on M30.

This moved quickly towards the TP2 so I first moved SL to BE+3 and then I took profit a little later for a 0.4% gain, as momentum was slowing.

Divergence P/L to date: +4.5%. 30 trades, W/L = 20/10 = 66.7% win rate

Missed out on a few good JPY a couple of hurs ago as was working. Just seen a spike in the GBP, as well as the AUD after RBA annpuncement, so markets a little volatile. Only set-up I am willing to take:

Short EURNZD H4

EDIT: Decided to close this one out at 0.3% gain as had closed other trades in profit and wanted to take what was on the table.