Mr Breakout (Day) Trading Journal

Here are the trading results for this week ending February 24, 2017:

02/19 Short GBP/USD at 1.2420, 25 pip stop: -20 pips
02/19 Pending order to buy GBP/USD at 1.2450, 35 pip stop: Cancelled.
02/19 Short again at the same price (1.2420), 25 pip stop: +5 pips
02/19 Short GBP/AUD 1.6200, 35 pip stop: +25 pips
02/19 Limit order to go short GBP/AUD at 1.6190: Cancelled
02/19 Long GBP/JPY 140.45, 25 pip stop: +20 pips

02/20 Short EUR/JPY 120.10, 30 pip stop: -5 pips
02/20 Long GBP/NZD at 1.7340, 30 pip stop: +50 pips
02/20 Long GBP/AUD at 1.6220, 25 pip stop: +5 pips
02/20 Long USD/JPY at 113.25, 25 pip stop: +15 pips

02/22 Short GBP/JPY 141.10, 35 pip stop: +20 pips
02/22 Short GBP/JPY 141.00, 35 pip stop: -20 pips
02/22 Long GBP/AUD 1.6185, 35 pip stop: +15 pips
02/22 Short GBP/JPY 141.00, 30 pip stop: +10 pips
02/22 Long EUR/JPY 119.60, 35 pip stop: -35 pips

02/23 Short EUR/NZD 1.4630, 35 pip stop: Out at same price
02/23 Short GBP/AUD 1.6252, 40 pip stop: -25 pips
02/23 Short GBP/USD 1.2552, 30 pip stop: Out at same price
02/23 Short GBP/AUD 1.6277, 30 pip stop: Out at same price
02/23 Long GBP/USD 1.2552, 30 pip stop: -30 pips
02/23 Long EUR/NZD 1.4650, 30 pip stop: +50 pips

02/24 Short GBP/AUD 1.6300, 35 pip stop: +5 pips
02/24 Short GBP/USD 1.2503, 30 pip stop: +13 pips
02/24 Long GBP/AUD 1.6250, 35 pip stop: +16 pips
02/24 Short USD/JPY 112.37, 30 pip stop: +10 pips

Total for the week: +124 pips

Total since the beginning of this thread (2 weeks of results): +268 pips (124 + 144).

Short USD/JPY at 112.37, 30 pip stop.
Out at 112.27, +10 pips.

Hi - why didn't you stay in longer for
It went down further...

G

Yes I know, it was just a quick scalp.

Next week I will start posting live calls from 7 AM to 10 AM EST (noon to 3 PM London), these late night trading sessions are not good for the system, health-wise, at least for me.

That will be great. I'll try to follow as much as possible.

Thanks
G

You are welcome.

Well that's all folks, enough Forex for this week, have a good weekend.

Over and out.

Good evening (morning) all.

Ready to make big bucks this week, yes ?

Long GBP/USD 1.2400, 35 pip stop.

Evening

Yes hope to make some big bucks this week- trusting you can lead the way

G

The 5 min and 15 min charts show down trend- how comes we are buying?

Thanks
G

+25 pips, moving stop to break-even.

Good evening Giulietta,

Yes the trend is down but some "reset" activity is also taking place. 1.2400 is also an important support area on the 1h chart and other time frames, not to mention an important psychological number.

Target is 50 pips.

Target was reached but unfortunately the break-even stop was hit first.

Long GBP/USD 1.2445, 35 pip stop.

Hi Mr Breakout


How do you know this long ....doesn't seem to be going anywhere at the moment?

Yes GBP/USD is going nowhere at the moment.

You could set a time-based stop and exit any non-moving position after let's say 3 hours or so.

Out at 1.2435, 10 pip loss.

Short USD/JPY 112.72, 16 pip stop.

+25 pips (price went as low as 112.45), moving stop to break-even.

Out at 112.62, +10 pips.

Long USD/JPY at 112.65, 25 pip stop.

Long GBP/AUD 1.6185, 35 pip stop.

Out at 112.46, 19 pip loss.

Winning is all about managing losses: recognize when you are wrong, humble yourself, bite the bullet and wait for the next trading opportunity.

This is what trading is all about really.

Out at 1.6190, +5 pips.