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fxtrader_pk's journal

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i'll be keeping my trade logs here for review.


week of 3/13, and 20 had a gain of 35%

last long position finally closed out last thursday: (720/4 = 180 pips)
resulting additional 18% gain.

reason to exit the trade: thursday candle = shooting star off resistance. although high of the shooting star didn't pierce through the previous high of 4280 (sl hunt), did not want to take the risk being in the market on nfp day.

nfp day: since took a business trip to atlantic city, felt like gambling. lol
nfp numbers looked good, but euro falling and dow rising looked little suspicious.
10:00 am or so, price struggled to down side a little. since everyone was making fun of me not gambling last night, thought i might take a shot.

entry took: 4088
sl: 4058

thought i might use 30 pips give away just to make the guys happy, ended up with a winning trade. took profits as price advanced. closed out all by the end of ny.

pips earned : 98 pips

1:3 rr (although didn't plan on this)
did better than those boys at casino. lol
6% gain

total gain: 59%

fxtrader_pk's journal Euro_012

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Post on Sat Apr 02, 2011 4:42 pm by Guest

fxtrader_pk wrote:i'll be keeping my trade logs here for review.


week of 3/13, and 20 had a gain of 35%

last long position finally closed out last thursday: (720/4 = 180 pips)
resulting additional 18% gain.

reason to exit the trade: thursday candle = shooting star off resistance. although high of the shooting star didn't pierce through the previous high of 4280 (sl hunt), did not want to take the risk being in the market on nfp day.

nfp day: since took a business trip to atlantic city, felt like gambling. lol
nfp numbers looked good, but euro falling and dow rising looked little suspicious.
10:00 am or so, price struggled to down side a little. since everyone was making fun of me not gambling last night, thought i might take a shot.

entry took: 4088
sl: 4058

thought i might use 30 pips give away just to make the guys happy, ended up with a winning trade. took profits as price advanced. closed out all by the end of ny.

pips earned : 98 pips

1:3 rr (although didn't plan on this)
did better than those boys at casino. lol
6% gain

total gain: 59%

fxtrader_pk's journal Euro_012
Nice work! Smile

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Post on Sat Apr 02, 2011 5:33 pm by Guest

tonyo524 wrote:
fxtrader_pk wrote:i'll be keeping my trade logs here for review.


week of 3/13, and 20 had a gain of 35%

last long position finally closed out last thursday: (720/4 = 180 pips)
resulting additional 18% gain.

reason to exit the trade: thursday candle = shooting star off resistance. although high of the shooting star didn't pierce through the previous high of 4280 (sl hunt), did not want to take the risk being in the market on nfp day.

nfp day: since took a business trip to atlantic city, felt like gambling. lol
nfp numbers looked good, but euro falling and dow rising looked little suspicious.
10:00 am or so, price struggled to down side a little. since everyone was making fun of me not gambling last night, thought i might take a shot.

entry took: 4088
sl: 4058

thought i might use 30 pips give away just to make the guys happy, ended up with a winning trade. took profits as price advanced. closed out all by the end of ny.

pips earned : 98 pips

1:3 rr (although didn't plan on this)
did better than those boys at casino. lol
6% gain

total gain: 59%

fxtrader_pk's journal Euro_012
Nice work! Smile

thanks, but i think it was a pure luck.

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Post on Sun Apr 03, 2011 3:08 pm by Guest

some of the correction wave patterns i like playing with.

fxtrader_pk's journal Abc_no14
fxtrader_pk's journal Abc_do10
fxtrader_pk's journal Abc_fl12
fxtrader_pk's journal Abcde10

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Post on Mon Apr 04, 2011 10:25 pm by Guest

new long trade, euro:

entry: 4202
time of entry: 4:30 pm
sl:4195 (7 pips)
initial tp: 4245 (43/2 = 21.5 pips)

r:r = 1:3

reasons for trade: morning star on 5 min chart, closed above previous support, 1hr ma still anling up.

reasons not to take the trade: 1hr macd still above 0 line, ny close (low volume time), still in a flag (correction phase) formation.

result: -7 pips, 2% loss

57% total gain so far.

fxtrader_pk's journal Euro_014

ran out of patience.
taking the trade knowing that it was low volume time was a mistake.
at least should have walked away when it was 25 pips green considering it was ny close, but got greedy.

and exit sign was there, or short scalp would had been nice.

fxtrader_pk's journal Euro_015

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Post on Tue Apr 05, 2011 1:05 am by Guest

anticipating long either at london or ny.

fxtrader_pk's journal Euro_017

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Post on Tue Apr 05, 2011 8:03 pm by Guest

fxtrader_pk wrote:anticipating long either at london or ny.

fxtrader_pk's journal Euro_017

new trade: euro long


entry: 4165
entry time: 10:00 am (high volume time)
sl: 4150 (15 pips)
initial tp: 1.4245 (80/2 = 40 pips)

r:r = 1:2.5

reasons for trade: 1hr 50 ma angling up, bullish divergence on stoch and os, macd below 0 line, 1hr hammer closed above previous support, high volume time, price was at major support area 1.4160

reasons not to trade: none.

result as of today:
didn't reach tp. had to close out manually 1/2 position at 63 pips.
60/2 = 30 pips total gain. 4% gain on this trade so far.
moved sl at be and hoping we continue on north for a while.

total gain : 61%

fxtrader_pk's journal Euro_019

fxtrader_pk's journal Euro_020

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Post on Wed Apr 06, 2011 9:15 pm by Guest

exited 25% at 1.4300 area.

135/4 = 33 pips. 4% gain.
moved sl at be.

total gain this week: 8% - 2% = 6% so far.

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Post on Thu Apr 07, 2011 9:36 pm by Guest

fxtrader_pk's journal Cable10

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Post on Sat Apr 09, 2011 11:48 pm by Guest

missed trade:

euro long set up

entry: 4280
sl: 4241
initial tp: 4345

reasons for trade: 15 min chart morning star, price went above previous minor support, bullish divergence, 1hr 50 ma climbing.

reasons for not to trade: time of the entry was after london close (low volume time)

had to skip this set up due to the entry set up matured after london close.
entry should have been at the rejection candle after price came back above pink line.
40 pips sl. vs 65/2 = 32 pips tp.... wasn't too attractive.

fxtrader_pk's journal Euro_022

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Post on Sun Apr 10, 2011 12:07 am by Guest

another missed trade:

euro long set up

entry: 4295
sl: 4290
initial tp: 4307

reasons for trade: 5 min chart hammer, price went above previous minor support, bullish divergence, 1hr 50 ma climbing.

reasons for not to trade: time of the entry was during asia (thought it was low volume time)

missed this set up due to the entry set up matured during asia session, plus
busy chatting at the time. when entry was called, it was too late.

5 pips sl vs 12/2 = 6 pips tp, should have been an ok trade even at the initial tp.

should not chat when set up is there.

fxtrader_pk's journal Euro_023

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Post on Sun Apr 10, 2011 12:40 am by Guest

new trade

euro long

entry: 4422
entry time: 1 hr before london close (i think)
sl: 4416 (6 pips)
initial tp: 4441 (19/2 = 8 pips)

reasons for trade: 5 min chart doji at the support, price went above previous minor support, bullish divergence, abc flat correction with stoch os, 1hr 50 ma climbing.

reasons for not to trade: time of the entry was 1hr before london close.

didn't take 1/2 off at the initial tp, little ticked off about missing previous rally and had to attend meeting at the office. sl was set. worse can happen is 2% loss.
still had about 63/4 = 63 pips winning position. this would had made up, if loss occured.

closed at the end of the day @ 4482. walked out 60 full pips = 20% gain.

fxtrader_pk's journal Euro_024

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