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  • #21
  • Aug 31, 2006 8:47am Aug 31, 2006 8:47am
Quoting bobztoise
Decided to remove by USD/JPY limit and participate immediately via short EUR/JPY

Hence, short EUR/JPY @ 150.35, stop 150.95, profit take 149.55

Outstanding limit positions:
limit short GBP/USD @ 1.9096, stop 1.9136, profit take 1.9006

Outstanding open positions:
short NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
short EUR/JPY @ 150.35, stop 150.95, profit take 149.55

Pip Gains todate: +63
Closing short EUR/JPY position..

Bad day, bad trades, so close at cost

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
short NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775

Pip Gains todate: +23
  • #22
  • Aug 31, 2006 7:51pm Aug 31, 2006 7:51pm
Quoting bobztoise
Taking a risky trade here..

NZD/USD looks to be in Wave E of a 5-wave count. There may be more upside but I think 0.6520 will give resistance on my Fibonacci projection

Hence, short NZD/USD @ 0.6510, stop 0.6535, profit take 0.6460
Got stopped again... too confident on the NZD bears
lost 50 pips on this trade


~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
short NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775

Pip Gains todate: -27
  • #23
  • Aug 31, 2006 8:59pm Aug 31, 2006 8:59pm
Was engaged with work so only able to post 2 positions I took earlier now

long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103

short NZD/USD @ 0.6547, stop 0.6572, profit take 0.6507

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103
short NZD/USD @ 0.6547, stop 0.6572, profit take 0.6507

Pip Gains todate: -27
  • #24
  • Sep 3, 2006 10:17pm Sep 3, 2006 10:17pm
oh well, should have shifted stop a little more

shifted stop to 0.6577 still stopped... 0.6587 would have saved this

Loss of 30 pips

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103

Pip Gains todate: -57
  • #25
  • Sep 3, 2006 10:20pm Sep 3, 2006 10:20pm
limit long USD/JPY @ 116.67, stop 116.07, profit take 117.27

limit long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit long USD/JPY @ 116.67, stop 116.07, profit take 117.27
limit long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103

Pip Gains todate: -57
  • #26
  • Sep 3, 2006 10:59pm Sep 3, 2006 10:59pm
Quoting bobztoise
limit long USD/JPY @ 116.67, stop 116.07, profit take 117.27

limit long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit long USD/JPY @ 116.67, stop 116.07, profit take 117.27
limit long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103

Pip Gains todate: -57
long USD/JPY triggered

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/CAD @ 1.1053, stop 1.1013, profit take 1.1103
long USD/JPY @ 116.67, stop 116.07, profit take 117.27

Pip Gains todate: -57
  • #27
  • Sep 3, 2006 11:46pm Sep 3, 2006 11:46pm
Closing USD/CAD position at cost as CAD resilience not giving way plus reluctance to hold too many long Dollar positions

long EUR/JPY also triggered

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/JPY @ 116.67, stop 116.07, profit take 117.27
long EUR/JPY @ 149.87, stop 149.27, profit take 150.57

Pip Gains todate: -57
  • #28
  • Sep 4, 2006 3:05am Sep 4, 2006 3:05am
Terrible run..

so much Yen buying in Asia and now in London session

long EUR/JPY stopped... 60 pips loss

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/JPY @ 116.67, stop 116.07, profit take 117.27


Pip Gains todate: -117
  • #29
  • Sep 4, 2006 3:07am Sep 4, 2006 3:07am
I'm going to bend my rule a little...

adjust USD/JPY long stop to 115.67, profit take to 117.67

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/JPY @ 116.67, stop 115.67, profit take 117.67


Pip Gains todate: -117
  • #30
  • Sep 4, 2006 9:33pm Sep 4, 2006 9:33pm
Oh well, still no light seen on my long USD/JPY trade.

Will look to close it in New York session if USD rallies

new trade opened

long EUR/JPY @ 148.80, stop 148.20, profit take 150.00

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long USD/JPY @ 116.67, stop 115.67, profit take 117.67
long EUR/JPY @ 148.80, stop 148.20, profit take 150.00

Pip Gains todate: -117
  • #31
  • Sep 5, 2006 2:17am Sep 5, 2006 2:17am


Stopped again for a whopping 100 pips loss

Wonder if I'll be able to turn this positive before year end...

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/JPY @ 148.80, stop 148.20, profit take 150.00

Pip Gains todate: -217
  • #32
  • Sep 5, 2006 2:20am Sep 5, 2006 2:20am
long EUR/JPY @ 148.50, stop 147.90, profit take 149.10

long USD/JPY @ 115.67, stop 115.07, profit take 116.27

limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260
  • #33
  • Sep 5, 2006 2:22am Sep 5, 2006 2:22am
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/JPY @ 148.80, stop 148.20, profit take 150.00
long EUR/JPY @ 148.50, stop 147.90, profit take 149.10
long USD/JPY @ 115.67, stop 115.07, profit take 116.27

Pip Gains todate: -217
  • #34
  • Sep 5, 2006 2:48am Sep 5, 2006 2:48am
Stopped again........

long EUR/JPY stopped with 60 pip loss

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/JPY @ 148.50, stop 147.90, profit take 149.10
long USD/JPY @ 115.67, stop 115.07, profit take 116.27

Pip Gains todate: -277
  • #35
  • Sep 5, 2006 2:52am Sep 5, 2006 2:52am
Read some Yen positive news and decided to cut 1 position at cost

Switch to long EUR/USD @ 1.2832, stop 1.2782, profit take 1.2882

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/JPY @ 148.50, stop 147.90, profit take 149.10
long EUR/USD @ 1.2832, stop 1.2782, profit take 1.2882

Pip Gains todate: -277
  • #36
  • Sep 5, 2006 4:13am Sep 5, 2006 4:13am
Well, not feeling good on short Yen so closed this as well with just 5 pip gain

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/USD @ 1.2832, stop 1.2782, profit take 1.2882

Pip Gains todate: -272
  • #37
  • Sep 5, 2006 4:15am Sep 5, 2006 4:15am
short NZD/USD @ 0.6477, stop 0.6507, profit take 0.6407

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
limit short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/USD @ 1.2832, stop 1.2782, profit take 1.2882
short NZD/USD @ 0.6477, stop 0.6507, profit take 0.6407

Pip Gains todate: -272
  • #38
  • Sep 6, 2006 12:47am Sep 6, 2006 12:47am
was busy the whole morning


stopped on NZD/USD... just marginally!!!! loss 30 pips

short USD/CHF was triggered also, counting on this to give me a winner

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775
long EUR/USD @ 1.2832, stop 1.2782, profit take 1.2882
short USD/CHF @ 1.2340, stop 1.2420, profit take 1.2260

Pip Gains todate: -302
  • #39
  • Sep 6, 2006 1:33am Sep 6, 2006 1:33am
Saw you were all alone here in this thread so I'd thought I would drop you a few lines. First of all, what kind of system are you trading with? It seems to me that your are just placing faith trades, meaning just guessing. If so, I suggest you find a system suitable for your lifestyle and trade that one to become successful. Just my thoughts. Best of luck.
  • #40
  • Sep 6, 2006 7:51pm Sep 6, 2006 7:51pm
Quoting moutekitrader
Saw you were all alone here in this thread so I'd thought I would drop you a few lines. First of all, what kind of system are you trading with? It seems to me that your are just placing faith trades, meaning just guessing. If so, I suggest you find a system suitable for your lifestyle and trade that one to become successful. Just my thoughts. Best of luck.
Hi moutekitrader, thanks for the advice

I basically use Bollinger, RSI and moving averages on the daily charts
I am still trying to refine the tools so it can be more consistent for me

I feel the 3 tools are not strong enough so I am trying to see if I can replace it with something else

I'm also trying to post the charts I use but I have difficulty pasting them
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