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Shaun's daily FX trading

  • #1
  • First Post: Oct 18, 2016 1:48pm Oct 18, 2016 1:48pm
Hi Guys

I funded a live $5,000 AUD account 2 weeks ago and have been trading it real time on my blog: http://shaunsfxtrading.blogspot.com.au/

When new setups appear I will post them in this thread here also and post a weekly balance update.

Trading end of day gives me time to go about my day and have a decent amount of time to actually analyse the setups I am looking to trade.

Below is my current open positions and charts as to why I took the trades.

I wait until a key reversal bar presents itself at support and resistance or in a trend and then I place stop orders. That's it. Hopefully one or two of these run a long way each month and will post a decentreturn.

I have established this thread and my blog only to keep myself to account and have a journal of my trades - from what I can see, the majority of these other journals is simply a medium to promote a product or indicator.."turn $5,000 to $50,000!!". Not in this thread.
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  • #2
  • Oct 18, 2016 2:11pm Oct 18, 2016 2:11pm
One new pending setup here:

Sell Stop CADJPY

Entry: 78.96
Stop: 80.60

Have left the stop a bit wider and reduced the size accordingly, as this pair isn't at the exact top of the range here but some weakness is beginning to appear in the most recent bar with a close well off the highs.
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  • #3
  • Oct 19, 2016 2:18pm Oct 19, 2016 2:18pm
One new order this morning.

Buy Stop EURCAD:

Entry: 1.4436
Stop: 1.4241

Comment: Another rangebound pair - this time a key reversal bar has appeared at support, will also take off some of the short exposure with existing euro based trades (which are to the short side)

CADCHF also looking good for a short but too negatively correlated to this pair to warrant taking a short position.
Attached Image (click to enlarge)
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  • #4
  • Oct 19, 2016 2:19pm Oct 19, 2016 2:19pm
Balance and trade update as at October 20:
Attached Image (click to enlarge)
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  • #5
  • Oct 20, 2016 2:34pm Oct 20, 2016 2:34pm
Was stopped out of two trades overnight. EURJPY (+$12.52) and EURNZD (+$52.71). Summary of trades are posted in the charts below.
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  • #6
  • Oct 20, 2016 2:35pm Oct 20, 2016 2:35pm
Another setup here also:

Sell Stop AUDCAD

Entry: 1.10058
Stop: 1.0180

There were numerous big down day bars in many AUD pairs, this pair is right up against resistance at the moment and is starting to stall.
Attached Image (click to enlarge)
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  • #7
  • Oct 21, 2016 5:32pm Oct 21, 2016 5:32pm
Quoting skris
One new pending setup here: Sell Stop CADJPY Entry: 78.96 Stop: 80.60 Have left the stop a bit wider and reduced the size accordingly, as this pair isn't at the exact top of the range here but some weakness is beginning to appear in the most recent bar with a close well off the highs. {image}
Still in this trade sitting at +107 pips so far, with the EURCAD long also ticking along nicely.

As at the end of week 2, trading account is up +1.96%. Performance stats here: http://shaunsfxtrading.blogspot.com.au/
Attached Image (click to enlarge)
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  • #8
  • Oct 24, 2016 2:23pm Oct 24, 2016 2:23pm
Quoting skris
Another setup here also: Sell Stop AUDCAD Entry: 1.10058 Stop: 1.0180 There were numerous big down day bars in many AUD pairs, this pair is right up against resistance at the moment and is starting to stall. {image}
Amended AUDCAD sell stop:

Sell Stop: 1.0210
Stop: 1.0100
Attached Image (click to enlarge)
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  • #9
  • Oct 25, 2016 2:07pm Oct 25, 2016 2:07pm
Quoting skris
{quote} Amended AUDCAD sell stop: Sell Stop: 1.0210 Stop: 1.0100 {image}
Not much luck with this trade here, stopped out for a loss of -$43.37 overnight. Along with my existing USDJPY position.

Next trade:

Sell Stop USDCHF

Entry: 0.9920
Stop: 1.0030

This pair has been range bound for a number of months now, with a reversal forming at the top of the range here, with a spike up to the $1 which would have taken out other traders in their positions. Chart below:
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  • #10
  • Oct 29, 2016 5:31pm Oct 29, 2016 5:31pm
Quoting skris
{quote} Not much luck with this trade here, stopped out for a loss of -$43.37 overnight. Along with my existing USDJPY position. Next trade: Sell Stop USDCHF Entry: 0.9920 Stop: 1.0030 This pair has been range bound for a number of months now, with a reversal forming at the top of the range here, with a spike up to the $1 which would have taken out other traders in their positions. Chart below: {image}
Still sitting open with this trade here. Let's see if any further weakness is brought about in the leadup to the election in the coming week.

Further balance update and open positions have been posted on the blog this morning also: http://shaunsfxtrading.blogspot.com.au/index.html
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  • #11
  • Oct 31, 2016 6:15am Oct 31, 2016 6:15am
good job, Shaun
may trend be with you
  • #12
  • Nov 1, 2016 2:14pm Nov 1, 2016 2:14pm
Quoting wentao
good job, Shaun
Thanks Wentao.
  • #13
  • Nov 1, 2016 2:18pm Nov 1, 2016 2:18pm
Quoting skris
One new order this morning. Buy Stop EURCAD: Entry: 1.4436 Stop: 1.4241 Comment: Another rangebound pair - this time a key reversal bar has appeared at support, will also take off some of the short exposure with existing euro based trades (which are to the short side) CADCHF also looking good for a short but too negatively correlated to this pair to warrant taking a short position. {image}
Still hanging in here with the EURCAD and USDCHF. Will only be managing these two open trades from here on in, no new positions.

Too much data and the US election coming up in the next week, I know it's the prudent approach however often in situations like these trading can be akin to gambling (large spikes/slippage etc).
Attached Image(s) (click to enlarge)
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  • #14
  • Nov 3, 2016 2:18pm Nov 3, 2016 2:18pm
Quoting skris
{quote} Still hanging in here with the EURCAD and USDCHF. {image} {image}
Stopped out of the USDCHF short overnight for a 164 pip gain. EURCAD trade still open.
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  • #15
  • Nov 4, 2016 3:30pm Nov 4, 2016 3:30pm
About two and a half weeks since I first started this thread, account is now +2.32% up.

Only the one closed trade for me this week, the USDCHF mentioned in my prior post. Still holding my EURCAD long with an open profit of $93.10 (488 pips). Chart and balance update below.
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  • #16
  • Nov 7, 2016 3:16am Nov 7, 2016 3:16am
Quoting skris
...Still holding my EURCAD long with an open profit of $93.10 (488 pips). {image} {image}
Finally stopped out of my EURCAD long for +357 pips ($60.77). Gave back a bit of open profit here with the huge gap down open, as did a lot of pairs. As stated before, here's the week for volatility and for trading to take a backseat.
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  • #17
  • Nov 10, 2016 1:55pm Nov 10, 2016 1:55pm
New entry for me, hopefully volatility begins to taper off somewhat.

Setup details below:

Sell Stop AUDJPY

Entry: 80.30
Stop loss: 82.58

Comment: Clear downtrend evident for this pair since late 2014, now consolidating against resistance. Hoping to see another leg down to resume this downtrend. Chart below:
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  • #18
  • Nov 15, 2016 4:46am Nov 15, 2016 4:46am
Still hanging in with the AUDJPY from my previous post, strength is ongoing though, may well get stopped out.

A couple of trades I failed to post this morning before setting my orders. Short GBPNZD and short GBPCAD. Numerous pound based pairs coming under pressure at the moment.

Will update my position status in my blog tomorrow morning: http://shaunsfxtrading.blogspot.com.au/
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  • #19
  • Nov 15, 2016 6:23pm Nov 15, 2016 6:23pm
Your GBPCAD trade looks very good, i.e. continuation after pullback. I was considering the same trade last night.
  • #20
  • Nov 19, 2016 10:32pm Nov 19, 2016 10:32pm
Quoting StraticLine
Your GBPCAD trade looks very good, i.e. continuation after pullback. I was considering the same trade last night.
Let's hope the GBPCAD continues south StraticLine, have the stop at breakeven for that one. GBPNZD still hanging in there also, although many high closes of late signalling that there is some demand still evident here, stop still in place above the last pivot high.

Below are the trades to date after almost 6 weeks of live trading, a little over half a percent return on the account. Not losing money but not really making much either, I definitely feel posting the trades in a public forum keeps me to account for every trade and market review accordingly. In the past it was all too easy to set some orders and not check back for a few days!

Balance and open positions below. More statistics of trading metrics available in my latest blog post here: http://shaunsfxtrading.blogspot.com.au/
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