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“Many of life's failures are people who did not realize how close they were to success when they gave up.”
- Thomas Alva Edison
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Showing posts with label May. Show all posts
Showing posts with label May. Show all posts

Sunday, May 16, 2010

May 10- 14 recap

Entries :

  • USDJPY entry (74) exited @ BE (3 pips profit)
  • EURJPY entry (75) exited @ 40 pips profit (2 lots trial)
  • USDCHF entry (76) exited @ 71 pips profit (2 lots trial)
  • EURGBP entry (77) exited @ SL loss of 92 pips (2 lots trial)
Bucking The Trend see here
  • AUDUSD entry (4) 31 pips profit.

53 pips in all this week. Should have stopped trading when in good profits but well no point crying over spilled milk. Lets see what's in store next week.
Next week will be profitable. Best wishes and good luck to all my fellow forex traders.

Monday, May 10, 2010

May 3 - 7 recap

Well, 1st week of May didn't really start well,

Entries :

  • AUDUSD entry (60) exited @ BE (3 pips profit)
  • AUDJPY entry (61) exited at BE (3 pips profit)
  • GBPAUD entry (62) exited @ BE (3 pips profit)
  • GBPJPY entry (63) exited @ SL loss of 29 pips
  • EURJPY entry (64) exited @ SL loss of 45 pips
  • GBPAUD entry (65) exited @ SL loss of 65 pips
  • AUDUSD entry (66) exited @ SL loss of 38 pips
  • GBPAUD emtry (67) BE trade (3 pips profit)
  • NZDUSD entry (68) BE trade (3 pips profit)
  • AUDUSD entry (69) exited @ SL loss of 76 pips
  • AUDJPY entry (70) exited @ SL loss of 118 pips
  • USDJPY entry (71) exited @ SL loss of 71 pips
  • USDJPY entry (72) exited @ BE (3pips profit)
  • USDJPY entry (73) exited @ 92.12 , 53 pips profit
Bucking The Trend see here
  • USDJPY entry (1) 53 pips profit
  • USDCHF entry (2) 77 pips profit.
  • AUDUSD entry(3) 104 pips profit.
Overall in my plan i lost 371 pips, using the Bucking The Trend (BTT) method i earned back some 234 pips. But using the BTT i find it risky as i don't know how to put the stop losses. After reviewing back my entries on my original plan using BTT as a trend indicator, i found that most of the entries that cost me were against the trend, although some were with the trend did still lose some pips. Next week i am going to go with the trend and see how i can do.

Next week will be profitable. Best wishes and good luck to all my fellow forex traders.