Day Trading & Forex Forum

HaloTrader

Going to use this to record the progress of a specific strategy that went live today.
Account size: £5,000
Spreadbettor: Igindex
Charts: Igindex advanced charting
Risk per trade: £100
Target: £66.66 per trade.
Setup probability: 79%
Personal targets: 2 in 3 trades to win. Enjoy it. Grow account 1%+ on average per day. With the eventual target of DMA futures.
Risk:reward ratio - 1.5:1
Expected trades per day- 2-3
Trading hours - 8am-3.45pm
Market: FTSE100

I'm developing this strategy as an additional to my current trading because i feel it can give me additional profits and cure my boredom.

Todays entries and exits (10th june 2009):
Entry: 4479
Stop loss: -15
Target: +10
Profit/Loss: + 10 pips (1.32% of account)

Entry: 4491
Stop loss: -13.5
Target: + 9
Profit/Loss: +9 pips (1.32% of account)

Entry: 4485
Stop loss: + 17
Target: - 11.5
Profit/Loss: + 11.5 (1.32% of account)

Total profit today: +30.5 pips
Total percentage gain on account today: Approximately 3.96%
Profit or loss: £198.50

Feelings on today and system - Good start. Suitable market as it was directional UP in the morning, down in the afternoon - True test is a choppy day.
Problems incurred and changes -
Experienced the internet going down during the placement of a trade, managed to get it back up in time. This brings the issue of management of these situations in my trade plan.

Annoyances - Annoyed because at the end of the day i looked back and realised i had missed a profitable signal. Grrr.... Oh well.

blancspa

huh?

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loaf to trade

Hotch

?

Risk:reward....risk first, then reward...so risk 1.5 to get 1 back, 1.5*66.6 = 100.

He's right.

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Hotch: Showing that Chatzy's /flipcoin function is a better trader then you since March 09

blancspa

aha !
yes , sorry. usually is the other way round...

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loaf to trade

goatse

agree, bookies it's the other way around.

Mind you, this is the 4th journal he's made. Let's see if it gets past 2 pages.

HaloTrader

Todays entries (11th june 2009)
Entry: 4440
Stop loss: - 15
Target: 10
Profit/loss: 10 (1.32%)

Entry: 4444
Stop loss: - 15
Target: 10
Profit/loss: -10 (-2%)

Entry: 4440
Stop loss: -15
Target: 10
Profit/loss: + 10 (1.32%)

Entry: 4454
Stop loss: + 6
Target: - 12
Profit/loss: +12 (4%)

Total profit today: + 22pips
Total percenate gain on the account: 4.64%
Profit/loss: £232

Feelings on today and system: Managed to watch Mad Max and Gladiator today so it was a great success. Again market conditions were excellent. Methodology working well.

Problems incurred - Internet went down again today which brings this issue up, going to have to figure something out at weekend.

Looking forward to tommorow. Smallville season 7 + Cars.

Hotch

See, knew he wasn't BSing in his holy grail thread :P

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Hotch: Showing that Chatzy's /flipcoin function is a better trader then you since March 09

HaloTrader

Haven't checked your journal in a while - How is the random entries going dude?

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I had hope; however, i have been wounded 7 times during the war, and once before in this same lung; and i did not believe i was going to die.

God gave me a special gift, made me a fine instrument of warfare...If you was to put me and this here sniper rifle anywhere up to and including one mile of Adolf Hitler with a clear line of sight, sir... pack your bags, fellas, war's over.