trade 59

GBPAUD entry @ 1.6510, TP @ 1.6410, SL @ 1.6560. Well this was taken after i wrote the recap. This was a loser of 50 pips. i was confused about taking this trade, although it filled my requirements i was reluctant to take as it was about 3 hrs to closing. Well i still took it and So i am down 58 pips this week. Lesson learned, do not take a trade when confused (i encouraged FFXD not to trade when confused but i did it myself, guess the emotions were stronger than the will power, need to work on that.) or in the closing hours of the friday. :)

April 26 - 30 recap

Brought forward entries :

• Nil
  

This week's entries:

• EURJPY entry (44) exited @ BE (3 pips profit) (point 0)
• GBPUSD entry (45) exited @ SL loss of 26 pips (point 0)
  
• EURGBP entry (46) exited @ SL loss of 13 pips (point 0)
• USDCAD entry (47) exited @ BE (3 pips profit)
• USDCHF entry (48) exited @ BE (3 pips profit)
• AUDJPY entry (49) exited @ SL loss of 34 pips (point 0)
• EURGBP entry (50) exited @ SL loss of 40 pips (point 0)
• USDCHF entry (51) exited with 29 pips profit.
• NZDUSD entry (52) exited @ BE (3 pips profit)
• USDJPY entry (53) exited @ BE (3 pips profit)
• GBPUSD entry (54) exited @ BE (3 pips profit)
• GBPUSD entry (55) exited @ TP 132 pips profit.
• EURCHF entry (56) exited @SL loss of 9 pips
• GBPAUD entry (57) exited @ SL loss of 40 pips
• EURGBP entry (58) exited @ SL loss of 25 pips
  

Outstanding entries :
Nil

Starting of this week i had no good setups so i tried a new plan, that was to enter the market when i see a Point(0) start of the wave 1 in elliott waves ( well i have a indicator to tell me that ). Which resulted in a couple of losses.

If i had been more patient and waited for my original plan, i would have made 102 pips, instead i closed the week with a loss of 8 pips, not so bad after all. Well at least i learned to be patient by mid week.

This week was a learning week, ended with loss of 8 pips.
I don't have any carry trades next week and next week will be profitable.

After writing this post i entered a few trades.......

• GBPAUD entry (59) exited @ SL loss of 50 pips.
• AUDUSD entry (60) outstanding
• AUDJPY entry (61) outstanding

So i am down 58 pips, still within my tolerance of 100 pips. Also i have 2 outstanding trades over the weekend.

trade 58

EURGBP 15 min @ 2130 hrs entry @ 0.8675, TP @ 0.8725, SL @ 0.8650.
Well loss 25 pips on this one.

trade 57

GBPAUD 15 min @ 2040hrs entry 1.6440, TP @ 1.6360, SL @ 1.6480.
This closed as a lose. Loss of 40 pips

trade 56

EURCHF entry @ 1.4341, TP @ 1.4323, SL @ 1.4350. This was a loser of 9 pips.

trade 55

GBPUSD 60 min entry @ 1.5176, TP @ 1.5308, SL @ 1.5110.
SL moved to BE when price reached 1.5204.
SL moved to 1.5216 when price reached 1.5255.
SL moved to 1.5255 when price reached 1.5295.
SL moved to 1.5308 my profit target when price reached 1.5335.
My next target would be 1.5335 when price reaches 1.5374.
Well did not hit my next target but i got my risk to reward that is 132 pips

trade 54

GBPUSD 60min entry @ 1.5199, TP @ 1.5337, SL @ 1.5130.
SL moved to BE when price reached 1.5229.
Exited @ BE :)

trade 53

USDJPY 60 min entry @ 93.10, TP @ 93.90, SL @ 92.70
BE when price reached 93.28.
Well BE trade another 3 pips.

trade 52

Made a decision to master my plan before going to the Point 0 trades (well they were by-products of boredom )
NZDUSD entry @ 0.7141 , TP @ 0.7263 , SL @ 0.7080.
SL moved to BE when price moved to 0.7160.
exited @ BE.

trade 51

USDCHF entry @ 1.0729, TP @ 1.0847, SL @ 1.0670 taken @ 1300hrs april 27.
SL moved to BE when price reached 1.0750.
SL moved to 1.0758 when price reached 1.0787.
Exited @ 1.0758 for 29 pips profit.......
LESSON LEARNT, STICK TO THE PLAN........

trade 50

EURGBP 15min entry @ 0.8630, TP @ 0.8550, SL @ 0.8670. Another Point 0 entry.
Another loser of 40 pips.....

trade 49

AUDJPY entry @ 87.4, TP @ 88.02 SL @ 87.00, Start of W.1 or call it point 0 of W.1.
Well a loser of 34 pips.

trade 48

USDCHF 15min entry @ 1.0737, TP @ 1.0871 and SL @ 1.0670, taken on 26 april @ 1330 hrs.
BE trade again.

trade 47

USDCAD 15 min entry @ 0.9986, SL @ 0.9960 and TP @ 1.0038, taken on 26 april @ 1325hrs.
Well this was set to BE when price reached 1.0006, well not really set BE, it was set to 3 pips profit. As i mentioned before i am going to get something out of my BE trades.... :).

trade 46

Entry was a on EURGBP 15 min @ 0.8663 , TP @ 0.8689 and SL @ 0.8650, taken on 26 april @ 1315hrs.
Another trail entry for the start of W.1, another fast loser, loss of 13 pips. Need a few more entries to determine the best way to enter the start of W.1 to maximize profits and minimize loss.

trade 45

Taken on 26 april @ 1255 hrs. GBPUSD 60 min entry @ 1.5424, TP @ 1.5372 and SL @ 1.5450,
another tester for W.1.
Did not go well, this was a fast loser..... loss of 26 pips.

trade 44

Taken on 26 april @ 1245hrs. EURJPY 60 min entry @ 125.76, TP @ 124.48 and SL @ 126.40.

Entry is a trial entry to identify the best way to trade the start of W.1.

Well another BE trade. BE = 3 pips........ :). This was the trade that exited last in the trial entries, the other 2 were lost trades, this was a BE trade, but probably i will be looking into getting more pips out of my trades as most of them go from good positive pips to BE. Like this trade went to a positive of 74 pips, but dropped back to exit @ BE. if i had set to a 1:1 risk to reward ratio, i would have won this trade as my risk is 63 pips, but my target for every trade is 1:2. What should i do?...... time to put on some thinking cap and look back at my trades........... : )

April 19 - 23 recap

Brought forward entries :

• Nil
  

This week's entries:

• EURGBP entry (30) exited with loss of 34 pips.
  
• AUDJPY entry (31) exited with 240 pips profit.
  
• EURUSD entry (32) exited with 10 pips profit.
• USDCHF entry (33) exited with 25 pips profit.
  
• AUDUSD entry (34) exited with loss of 34 pips.
• GBPJPY entry (35) exited with breakeven.
• EURUSD entry (36) exited with breakeven.
  
• USDCHF entry (37) exited with breakeven.
  
• GBPJPY entry (38) exited with loss of 42 pips.
  
• EURUSD entry (39) exited with loss of 54 pips.
  
• GBPJPY entry (40) exited with breakeven.
  
• USDCHF entry (41) exited with loss of 67 pips.
  
• USDCHF entry (42) exited with loss of 32 pips.
  
• GBPUSD entry (43) exited with breakeven.
  

Outstanding entries :
Nil

This week was a profitable week, thanks to the AUDJPY trade. Should have stopped trading for the week when i was in good profits, but i didn't so this week ended with only 12 pips profit.
I don't have any carry trades next week and next week will be profitable as this week.

43th trade

This was on GBPUSD @ 0715 hrs on 23 april. Entry @ 1.5363, TP @ 1.5128 and SL @ 1.5480.
BE was set when price reached 1.5334.
Something i learned from the past lost trades and BE trades. I AM BETTER OFF WITH A BREAKEVEN TRADE THAN A LOSING TRADE, ALTHOUGH A WINNER IS ALWAYS PREFERED , A BREAKEVEN IS ALWAYS BETTER THAN A LOSING TRADE. With that said, i will and must diligently push my SLs to BE when it reaches the predetermined value.

Well well BE trade. Maybe i should set to 1 or 2 pips win instead of a BE. :)

42nd trade

USDCHF 60 min, entry @ 1.0778, SL @ 1.0810, TP @ 1.0714. Taken @ 22 april @ 2355hrs.
Well another loss. WHAT CAN I SAY, i did not follow the plan. NO CONFLICTING SIGNALS, and i did enter when there was conflicting signals, happen to be the wrong one too. A loss of 32 pips.

41st trade

USDCHF entry @ 1.0703, TP @ 1.0569 and SL @ 1.0770, taken on 22nd april @ 1045 hrs.
Well another loss trade, this cost about 67 pips. Guess i need to re-look at what i am doing wrong.
Everything was good. Entry between 61.8 and 76.4 fibo. One thing i forgot was to put to BE when it reached 1.0682. If i had done that it would be a BE trade. Also there was conflicting signals.
So lesson learnt, always BE the trade when it reached the specified price and most importantly Do not enter when there are conflicting signals.

40th trade

GBPJPY entry @ 143.21, TP @ 144.63 and SL @ 142.50, taken on 22nd april @ 1045hrs
This was a BE trade.

39th trade

EURUSD entry @ 1.3384, TP @ 1.3492 and SL @ 1.3330, taken on the 22nd april @ 1045 am
This was a loss, of 54 pips hmmm....... what went wrong ???

38th trade

This was taken 1320hrs on 21st april. Entry @ 143.28, TP @ 142.74 and SL @ 143.70.
I did not know why i took this trade, it was clear that price was flucuating up and down between 143.49 and 142.60. But i took it and lost as just after entering the price went on to hit my SL.
A loss of 42 pip.

37th trade

This was also like the 36th trade. Entered @ 1250hrs on 21st april. The short value was @ 1.0700 and TP @ 1.0560 and SL @ 1.0770,
BE was set when price moved to 1.0678.
After BE was set the price went on to hit the BE.

So another BE trade. Better than losing, cos it went on to hit the SL.

36th trade

This was taken on 0815 hrs 21st april. I set the value to go long @ 1.3420, TP @ 1.3600 and SL @ 1.3330.
BE was set when price moved to 1.3447.
So this was a BE trade.

35th trade

This was taken on 21st April 0145hrs, GBPJPY entry @ 143.28, TP @ 142.44, SL @ 143.70
This was set to BE and then it went on to hit the BE so no win no loss here.

34th trade

AUDUSD 15 min entry @ 0.9306, TP @ 0.9236 and SL @ 0.9340.
Taken on 20th April @ 1620hrs

Well this exited @ 0.9340 a loss of 34 pips

33rd trade

This is just taken @ 1955 on 19th april. USDCHF entry @ 1.0675, TP @ 1.0485 and SL @ 1.0770.
With this entry i have 3 positions in the market so i am just going to take a step back and read up more while waiting for these entries to exit in profit.

This was was set to 1.0670 @ 2300hrs 19th april.
Set to 1.0665 @ 1420hrs 20th april
SL moved to 1.0650 @ 1710hrs 20th april.

Well this exited with a profit of 25 pips.

32nd trade

This was just taken @ 1940hrs on 19th april. Its on EURUSD 15 min entry @ 1.3438 TP @ 1.3654 and SL @ 1.3330. I hesitated on taking this trade but just controlled my emotions and took it, probably the 1st trade of the week (30th trade) was a loss and it hurt my confidence abit. But i am in so lets see how this goes.

This trade was set to BE @ 2300hrs 19th april.
Set to 1.3448 @ 1420hrs 20th april.

Well this exited with a 10 pips profit. due to moving of SL to protect profits. A win is a win but i am not satisfied as the risk to reward is not there. Well i am trying to research more to grasp a better exiting strategy.

31st trade

AUDJPY long @ 84.20, SL @ 83.00 and TP @ 86.40. Taken on 19th april @ 1450hrs.
In this trade i am risking 120 pips in order to earn 240pips. If this goes bad its gonna hurt me hard but hey no risk no fun :) .

Well this was set to BE when the price reached 84.64.
SL moved to 84.50 @ 2300hrs 19th april.
SL moved to 85.20 @ 1335hrs 20th april.
SL moved to 85.70 @ 1550hrs 20th april.

Cool 240 pips, as targeted but this looks like its still going, might want to enter at the break of W.1 end again.

30th trade

Today is April 19 0945hrs took a trade on EURGBP 15 min entry @ 0.8806 TP @ 0.8738 and SL @ 0.8840.
Well this was a loser of 34 pips.

I will monitor this trade although this has exited as i want to see if it went on to hit my TP.
If it did i might want to re-think about my SL strategy.

Well this indeed went down to hit my TP... EURGBP is trading @ 0.8696 as i am writing this.

April 12 - 16 recap

Brought forward entries :

• AUDUSD entry (18) exited @ BE
• USDCAD entry (19) exited with 75 pips profit.
• USDCHF entry (20) exited with 182 pips profit.
• GBPAUD entry (23) exited with 85 pips profit.
  

This week's entries:

• USDJPY entry (24) exited with 52 pips profit.
• AUDJPY entry (25) exited with loss of 23 pips
• GBPJPY entry (26) exited with loss of 20 pips
• EURJPY entry (27) exited with a loss of 61 pips
• GBPAUD entry (28) exited with 66 pips profit.
• AUDJPY entry (29) exited with a loss of 21 pips
  

Outstanding entries :
Nil

This week was a profitable week (with friday relaxing :) and just updating ), thanks to last week's trades. I don't have any carry trades next week and next week will be profitable as this week.

29th trade

Just (16 april 0000hrs) took a trade on the AUDJPY 15 min .
Entry @ 86.81, SL @ 86.60, letting the profits run as the SL is only 21 pips trying to get more out of it rather than the usual 1:2 reward.

Well this was a lost, 21 pips. this exited on the 16 April around 0845 hrs.

28th trade

This was taken on 15th April @ 1855 hrs on GBPAUD 60 min
Entry @ 1.6533, SL @ 1.6500 and TP @ 1.6599.
A winner of 66 pips.

27th trade

This trade was taken 15th april @ 1835hrs on EURJPY.
Entry was @ 126.21, SL @ 125.60 and TP @ 127.43.

Lets see how it goes.

Well did not go well hit the SL on 16 April 1000hrs lost 61 pips here.

26th trade

This was taken 14th April on GBPJPY 15min. Entry was @ 143.70 SL @ 143.90. Well Trade exited with a loss of 20 pips. The Stoploss was the high of W.1 start + the spread to the nearest round number.

25th trade

This was taken on 14th april on AUDJPY 15min. Entry was @ 86.27 SL @ 86.50 TP @ 85.81.
Well this was a loss trade. Lost 23 pips on this one. I am still trying to get another indicator to confirm my signals. Well yet to find one that confirms the signal.

24th trade

This was taken on 12 april. PERFECT entry between 61.8% and 76.4% fibo. When between 50% and 38.2% fibo set SL to breakeven. TP was set @ 200% Risk to Reward. Great Trade 52 pips.

23rd trade

This was taken on 9th April. Perfect entry. Risk was only 32 pips. Reward was 85 pips (266%).
Good trade. SL was moved twice to protect the profits.

22nd trade

This was taken on 8th april. The entry was between 61.8% and 76.4 % fibo (PERFECT ENTRY). Hence when this trade went wrong the loss was minimum 47 pips.

21st trade

This was taken 8th April. This was a W.3 breakout trade. When the market was ranging i set the SL to breakeven. Hence this was a breakeven trade.

20th trade

This was taken 8th April on USDCHF 60min. ENTRY was @ 1.0719 SL was @ 1.0810. Entry is still outstanding and on 13th April the trade was set to breakeven and a TP was set @ 1.0537. Well this was a winner, cool 182 pips .

19th trade

This was taken on the 8th april, on USDCAD 60 min. ENTRY was @ 1.0070 and SL was @ 1.0130.
On the 13 April the trade was set to breakeven and profit target is 0.9950.

Currently 14th april 1900 (GMT+8) i am setting the SL to 1.0010 (risk to reward becomes 1:1). Its better to protect the profits then let it lose like i did in trade 18.

Now its 15th April 1325 (GMT+8) i am setting my SL to 0.9995 (RR = 1: 1.25), reason being saw some resistance at this level.

Well my SL @ 0.9995 triggered at about 1700 to 1800 but it was a cool 75 pips gain.

18th trade

This was taken 8th april. A breakeven trade. Entry was between 50% and 61.8%. STICK TO THE RULES....which i didn't. But nevertheless the risk was 43 pips and the reward was suppose to be 86 pips which was hit but i did not exit as i waiting for the profits to run. But a good thing was when the trade was in profits of 43 pips (100% of risk) i set the stoploss to breakeven, hence when the trade retraced, i did not lose. Well not bad.

17th trade

This was taken on 8th April. The entry was good between 61.8% and 76.4% fibo. This was a 50 pips loss. Lesson Learnt : Put SL to breakeven when in profits. Well need to find out when should we put to breakeven. Thats something to think about.

16th trade

This was taken 7th April. This was a breakout of Wave 1 entry. STOPLOSS was put at 23.6% fibo of W.1 . Risk to reward was 157%.

15th trade

Took abit of time off. This taken on the 7th april. Well back to the drawing board ( This was in the demo). Entry was slightly above the 61.8% fibo. Lost 155 pips. Wrong analysis. Lesson learnt: Define Risk ( i.e i am willing to lose 100 pips per trade.) Hence this trade i would not have taken as the RISK is too much to handle.