my Test Strategy

Just got back

all stopped out
except
AUDUSD
.90100
couldnt do much, was not around
USDJPY
short 91.90
 
Just a few hours more before the market closes
USDJPY- will continuing the shorting campaign next week, unless and untill the price breaks above todays high of 92.14
AUDUSD, - looks will still be short and will keep on pyramiding, for a few more days, until the Test system tells me otherwise, so definitely will expect some more losses.
 
Maybe next month...if I have the time..I will think of a system that will enable me to trade only during the US session.
Also will try to find if hedging will protect my losses when I am not watching the markets.
 
I will keep updating this post..
other wise I will lose count of my stops.
AUDUSD
.8990 loss 20 pips
.8950 loss 20 pips
.8980 loss 20 pips
.8990 loss 20 pips
.8910 loss 20 pips
.8910 loss 20 pips
.8920 loss 10 pips
.8920 loss 20 pips
.8920 loss 20 pips
.8930 loss 20 pips
.8960 loss 20 pips
.8970 loss 20 pips
.9000 loss 20 pips
so far
USDJPY
91.10 loss -20 pips
90.80 loss -20 pips
91.30 loss -20 pips
91.00 loss -20 pips
91.30 loss -20 pips
91.70 loss -20 pips
91.60 loss -20 pips

.
 
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Hello.

I will be ending my journal over here. I did not realize how hard it is to write down trades and keep updating it. I would have been much easier If I was trading one position at a time and holding it and then updating it over here, but since this strategies only one Trade setup will have so many losses, BE's and Wins,it becomes quite difficult to update. So for now this is it, I am thinking maybe after one trade setup has either won or lost, then I may be able to put all the info in one post.

lets see
 
I will keep updating this post..
other wise I will lose count of my stops.
AUDUSD
.8990 loss 20 pips
.8950 loss 20 pips
.8980 loss 20 pips
.8990 loss 20 pips
.8910 loss 20 pips
.8910 loss 20 pips
.8920 loss 10 pips
.8920 loss 20 pips
.8920 loss 20 pips
.8930 loss 20 pips
.8960 loss 20 pips
so far
USDJPY
91.10 loss -20 pips
90.80 loss -20 pips
91.30 loss -20 pips
91.00 loss -20 pips
91.30 loss -20 pips
91.70 loss -20 pips
91.60 loss -20 pips
 
USDJPY target reached
I will not be posting the BE positions
basically the losses were
91.10 loss -20 pips
90.80 loss -20 pips
91.30 loss -20 pips
91.00 loss -20 pips
91.30 loss -20 pips
91.70 loss -20 pips
91.60 loss -20 pips

The wins were
91.90 win 151.40 pips
91.80 win 141.40 pips
91.60 win 121.40 pips
91.40 win 101.40 pips
91.30 win 91.40 pips
91.20 win 81.40 pips
91.10 win 71.40 pips

pips won 759.80
pips lost 140 pips

Total pips gained
+ 619.80 pips

The Shorting began on Feb 17th 2010 and ended today Feb23rd 2010
I was fortunate, that USDJPY did not move towards my target while I was not there, or the profit may have been slightly less. Yesterday, I was so tempted to let the trade ride, but then decided against it, the reason?, This is a Test strategy although I am putting real money on the line, and I need to follow it for a while and see the outcome.

The AUDUSD, I dont know what to say, more small losses than the USDJPY, but the most irritating thing of all is the AUD burned me twice. The first time, I had just stepped out for an hour maybe around 4.00PM on Feb 18th, and the AUD dropped quite a bit, therefore unable to add more positions. It seemed OK, then I started adding positions only for it to go back up to where it came from. This was still OK, because I was still bearish.
The worst happened last night around 2.00AM maybe while I was sleeping, it headed up, and then went straight down, This move alone I could have added at least 2 positions, and by now have around 5 or 6 positons short.
I am currently adding positions even though it has gone down a bit, right now I have 2 open positions short
.9000 and .8980

Anyways here is the image of USDJPY
 

Attachments

  • usdjpy1.jpg
    usdjpy1.jpg
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OK, now I got the signal to go long on USDJPY,
My money management requires I essentially double up, so any position i take will be twice as much as the previous USDJPY trade. But to keep it simple I will refer to each trade as one position.
 
AUDUSD Trade closed early
Supposed to have been a winner, but some positons were not able to be taken.
The short trade began on Feb 16th 2010, and ended today Feb 23rd.
If all the trades were taken, the overall profit would be around 500 pips, but i am not complaining. I just cant sit on the screen 24hrs a day, not much I could do ( at least for now). Will come up with a solution.
these were the losing trades
.8990 loss 20 pips
.8950 loss 20 pips
.8980 loss 20 pips
.8990 loss 20 pips
.8910 loss 20 pips
.8910 loss 20 pips
.8920 loss 10 pips
.8920 loss 20 pips
.8920 loss 20 pips
.8930 loss 20 pips
.8960 loss 20 pips

The winning trades are
.9000 - win 86.2 pips
.8980 - win 66.1 pips
.8950 - win 36.1 pips

Loss 210 pips
Gain 188.40 pips

overall loss 21.6 pips

pretty much breakeven.

During the life of the trade, the AUD hovered around just below the .9000 mark, this causing a lot of losses. But when it started to head down, gave a lot of shorting opportunities. Overall, not a bad trade, if it goes below .8870, the I will be getting ready to take long positions.

here is the image
 

Attachments

  • audusd1.jpg
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Hi,
OK So AUDUSD has once again, taken off without me.
Got the trigger to go LONG last night when I was asleep.
USDJPY, long positions taken so far some losses
90.20 - loss 20 pips
90.10 - loss 30 pips ( due to some really volatile movements this morning)
 
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USDJPY LONG Feb 23rd 2010

Began taking long positions on JPY,
Trade lost.
90.20 - 20 pips
90.10 - 30 pips
89.90 - 20 pips
89.80 -20 pips
89.60 - 20 pips
89.50 - 20 pips
89.40 - 20 pips
89.40 - 10 pips
89.10 + 10 pips
89.00 + 20 pips

total loss
-160 pips
total gain 30 pips
overall loss -130 pips

Trade was fine, not too many losses, and signal was quick enough to get me out early.
 
AUDUSD LONG Feb 24th 2010

AUDUSD-
I missed the first rally begining Feb 24th
The market did head back down to where it first started and I began taking long positions.
So far
AUDUSD losses
.8880 - 20 pips
.8890 - 20 pips
.8860 - 20 pips
.8850 - 20 pips
.8830 - 20 pips
These are the losses so far
Open positions
.8830
.8820
.8880
.8900

SL @.8860 limit set at minimum of .8950 or higher
 
Re: AUDUSD LONG Feb 24th 2010

AUDUSD-
I missed the first rally begining Feb 24th
The market did head back down to where it first started and I began taking long positions.
So far
AUDUSD losses
.8880 - 20 pips
.8890 - 20 pips
.8860 - 20 pips
.8850 - 20 pips
.8830 - 20 pips
These are the losses so far
Open positions
.8830
.8820
.8880
.8900

SL @.8860 limit set at minimum of .8950 or higher

AUDUSD Trade closed
.8830 + 123.60 pips
.8820 + 113.60 pips
.8880 + 63.60 pips
.8900 + 43.60 pips


Losses 100 pips
Gains 344.40 pips

total gain +244.40

Looking to go short on AUDUSD
 
Re: AUDUSD LONG Feb 24th 2010

AUDUSD Trade closed
.8830 + 123.60 pips
.8820 + 113.60 pips
.8880 + 63.60 pips
.8900 + 43.60 pips


Losses 100 pips
Gains 344.40 pips

total gain +344.40

Looking to go short on AUDUSD

here is the image
 

Attachments

  • AUDUSD.jpg
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Month of Feb 2010

This month was not a bad month given that I started the test around Feb 17th I think.
There were 4 Setups altogether.
Since none of my current live strategy gave any signals, it was easier to track these, although it was really tough staring at the screen all day everyday just for these trades

+712.00 pips profit
 
OK this is it for the month and week. Gotta go do some groceries..Kids will be hungry when they get back.

See you next week.
 
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