3 Ducks Demo journal

This is a discussion on 3 Ducks Demo journal within the Trading Journals forums, part of the Reception category; SL hit at 1.5474 Balance $6389...

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Old Jan 20, 2012, 8:48am   #91
Joined May 2011
Re: 3 Ducks Demo journal

mentormeplease started this thread SL hit at 1.5474
Balance $6389
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Old Jan 20, 2012, 8:50am   #92
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Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by mentormeplease View Post
EURGBP and EURUSD were lined up again. I saw it too late but it would have been a bit contradictory for me to take it as the same reasons for not taking it yesterday should still apply. Lets see what happens again today.
Not the best of trades as the 1.5500 level seems to be a bit of a pivot point looking at the longer term charts. Strong resistance at this level was also shown on the 10/01/2012.
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Old Jan 23, 2012, 7:03am   #93
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Re: 3 Ducks Demo journal

mentormeplease started this thread EURAUD lined up for a short. Order filled at 1.22932
SL: 1.2314
TP: 1.2253
Following the 20 pip sl and 40 pip tp startegy.
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Old Jan 23, 2012, 7:22am   #94
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Re: 3 Ducks Demo journal

mentormeplease started this thread AUDUSD also lined up and what makes it stronger is the daily close above the long term resistance on friday. But as I'm already in EURAUD trade, I don't want to expose too much in AUD so I'll pass on this.

Last edited by mentormeplease; Jan 23, 2012 at 8:22am. Reason: Typo
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Old Jan 23, 2012, 8:19am   #95
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Re: 3 Ducks Demo journal

mentormeplease started this thread SL hit at 1.2314
Loss = $415
Balance: $5973
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Old Jan 23, 2012, 10:51am   #96
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Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by mentormeplease View Post
AUDUSD also lined up and what makes it stronger is the daily close above the long term resistance on friday. But as I'm already in EURAUD trade, I don't want to expose too much in AUD so I'll pass on this.
Guess these things happen. AUDUSD took of and would have hit TP.
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Old Jan 25, 2012, 9:49am   #97
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Re: 3 Ducks Demo journal

mentormeplease started this thread 3 trades taken this morning. Details will follow.
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Old Jan 25, 2012, 11:50am   #98
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Re: 3 Ducks Demo journal

mentormeplease started this thread First trade:
Buy AUDUSD @ 1.0536
SL: 1.05100
TP: 1.05880

SL hit for loss of $390
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Old Jan 25, 2012, 11:52am   #99
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Re: 3 Ducks Demo journal

mentormeplease started this thread Second trade:
Buy EURGBP @0.83460
SL: 0.83340
TP: 0.8370

TP hit for profit of $934
This pair turned just as my TP was hit. Well timed

Last edited by mentormeplease; Jan 25, 2012 at 12:10pm. Reason: Balance after above 2 trades $6518
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Old Jan 25, 2012, 11:55am   #100
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Re: 3 Ducks Demo journal

mentormeplease started this thread Third trade still running:
Buy EURAUD @ 1.2386
SL: 1.2366
TP: 1.2426

Running P/L at the moment -$100
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Old Jan 25, 2012, 12:17pm   #101
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Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by mentormeplease View Post
Second trade:
Buy EURGBP @0.83460
SL: 0.83340
TP: 0.8370

TP hit for profit of $934
This pair turned just as my TP was hit. Well timed
I must admit I must tighten up on my discipline and get my calculations correct. Although this was a good trade with good profit, my risk is only supposed to 5% of my initial capital which is $250 and looking at a 2:1 R:R, I should only have made $500 here. This also shows in the previous two trade where the miscalc meant a loss of 415 and 390 dollars.
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Old Jan 25, 2012, 12:31pm   #102
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Re: 3 Ducks Demo journal

mentormeplease started this thread
Quote:
Originally Posted by mentormeplease View Post
Third trade still running:
Buy EURAUD @ 1.2386
SL: 1.2366
TP: 1.2426

Running P/L at the moment -$100
SL hit at 1.2366 for $314 loss

Account balance = $6204
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Old Jan 26, 2012, 6:51am   #103
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Re: 3 Ducks Demo journal

mentormeplease started this thread EURUSD and AUDUSD lined up quite nicely. Saw it too late thought, they've already taken off (without me )
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Old Jan 31, 2012, 7:02pm   #104
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Re: 3 Ducks Demo journal

mentormeplease started this thread Losing trades on friday and monday. Still battling to post them due to the annoying error but will try and do so again tomorrow. Fridays USDCHF short was disappointing as I had a very tight stop and got stopped out. We all know what happened after that. Even captain currency called it and it could have ran into good profit.
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Old Feb 1, 2012, 6:29am   #105
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Re: 3 Ducks Demo journal

mentormeplease started this thread Fridays trade:
Sell USDCHF @ 0.9202
SL: 0.9210
TP: 0.9186
I had a tight stop with a very small profit margin but the stop was too tight.
SL hit with $217 loss.
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