Manual Stuff

Ronseal.

I apologies for the charts, the lines started off having to have 3 touches, and not be broken, that sort of went out the window, I'm tired and ill, so screw it. We'll sort it out as we go.

...because we're not in France or Germany.

Caveat, I don't think these are optimal, just easy.

Trading EURUSD, GBPUSD, USDJPY, USDCHF, AUDUSD, USDCAD, EURGBP, EURJPY, GBPJPY.
All trades will have a stop and a target.
Targets will be >=2x size of stop.
Stop will be whatever the hell I please.
Target will be the first plausible reversal.
Trailing...ummm, minimum of 50% of move past 2:1, other than that, whatever I feel like.

Trades entered off lines derived from hourly, 4 hour and daily charts, also possibly weekly & monthly high/lows. m15 will be lowest we go looking for trigger to enter.

Trade 7am til 8pm...ish


Targets:

Discipline Discipline Discipline! Discipline & time is all you need to become an exceptional trader.
I will try to post lots of stats up, just for the hell of it, expect pretty charts of RT pips against RT R, sharpe ratios, etc.
Posting something useful.
World Domination/Peace.
Averaging 5R a week over, say 6 months, would exceed my wildest expectations, and I fully expect you to throw your money and your womenfolk at me if achieved. Personally, a 50% win rate with wins 2x losers would be insane.


I won't be holding these trades for months, most should be closed by the end of the day, I don't want to sit through pull backs (of course, depends on your definition of pull backs), nor shall it be 1 pip stops or anything silly as I've done in the past, just boring stuff, should be rather tame.

So, with that, I shall post charts. They're daily, because I'm sure as hell not posting 3 charts for every instrument, and it gives perspective for the first post, may well do hourlies in the future if they show all/most of the lines. Shouldn't make much odds as plan to post a chart for every trade. You can see I got more and more blasé as I went through em, the EURJPY chart is a mess, nevertheless, I ****ing love my tron theme.

Oh, I'll be happy posting a statement as an xmas present.

P.S. on second thoughts, knowing some of the posters on here, keep your womenfolk

Hotch said:

P.S. on second thoughts, knowing some of the posters on here, keep your womenfolk

Click to expand...

hehe. The post was worth reading just for that line



Peter

Shorterd GBPJPY, early morning jitters as usual.

Entry 126.176
Stop 126.376 (20 pips)
Target 125.676 (50 pips)

The level might be a bit ambitious, but can trail out. USDJPY & EURJPY were doing similar, USDJPY might of been the better setup, but I'm trading in between running to the loo so not everything is well thought out.

Stopped
-20 pips
-1R

Good luck, will be watching.

Short EURGBP @ .8798, would of liked to of been earlier, will blame it on being afk due to sickness.

Entry: .8798
Stop: .8815 (17 pips)
Target: .8750 (48 pips)

-17 pips
-1R

RT

-37 pips
-2R

But a sell limit on USDJPY @ 772, stop 773, target 765. Will post a chart if it triggers. Doing this because then I can crawl back to bed and die.

10 pip stop
70 pip target

Could short EURUSD if it gets up there, AUDUSD it testing the underside of the trendline, but won't take them myself. Nothing else near anywhere atm, going to try and get some rest.

Looking for potential EURUSD short & USDCAD long.

Short EURUSD

14463.1
stop 14480.1 (17 pips)
target 14400.1 (63 pips)

Stopped
-7 pips
-0.41R

RT:

-44 pips
-2.41 R

USDCHF setup is similar to USDCAD, (both safe havens), but might miss them, don't seem to be following ze trailing rule, EURUSD stop @ 14470.1, USDJPY stop @ 7725, be back in a few hours hopefully.

Cable additions all round here, but not for me, seems trailed eurusd too tightly, but had to go afk, so that's forgivable, now on lower trendline, but again, not taking it.

Another short on EURGBP
@ 8807.3,
stop 8817.3 (10 pips)
target 8655.3 (152 pips)

Also going to try another GBPJPY short, and buggering off, just feel awful.

entry @ 12626.7
stop @ 12646.7 (20 pips)
target@ 12561.7 (65 pips)

Good trading all, catch you later.