Hi,
actually I missed the current down trend especially on audusd and preferred to stay flat.
Right now market is extremely oversold with large daily candles. Depending on today's price action maybe I take a position Sunday night.
Trade well
Hi,
actually I missed the current down trend especially on audusd and preferred to stay flat.
Right now market is extremely oversold with large daily candles. Depending on today's price action maybe I take a position Sunday night.
Trade well
Both eurusd and audusd are in downtrend and opened with virtually no gap. I opened sell positions on both of them.
Open/working orders:
(T09261) sell eurusd @ 1.3463, s/l: 1.3650, t/p: 0.0000 (0.25 x MR)
(T09262) sell audusd @ 0.9782, s/l: 0.9950, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Open/working orders:
(T09261) sell eurusd @ 1.3463, s/l: 1.3650, t/p: 0.0000 (0.25 x MR)
(T09262) sell audusd @ 0.9782, s/l: 0.9950, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Attachments
Well, both sell orders stopped. The market seems to make a retracement, however this retracement may turn to reversal. Based on retracement assumption and since I believe the downtrends for both audusd and eurusd are still intact I place two sell stop position. Entry points are break of daily candles low.
Open/working orders:
(T09281) sell stop eurusd @ 1.3469, s/l: 1.3679, t/p: 0.0000 (0.25 x MR)
(T09282) sell stop audusd @ 0.9765, s/l: 1.0000, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Attachments
None of the above sell stop orders were activated. However both eurusd and audusd have shown bearish price action which I consider as resumption of downtrend. Therefore I sell at market price
Open/working orders:
(T09291) sell eurusd @ 1.3542, s/l: 1.3701, t/p: 0.0000 (0.25 x MR)
(T09292) sell audusd @ 0.9776, s/l: 0.9968, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Attachments
mrprofx
Newbie
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Agreed, i only subscribe to one thread. Been doing pretty well with the EURUSD fall and i couldnt really get into the USDCHF as you recommended as they have been correlated in the past. But you have my respect as a trader. You handle everything well by your own accord. We might not have the same entries or exits but thats how it goes 
I admire your risk tho. I think it's a hallmark of a good trader..
I admire your risk tho. I think it's a hallmark of a good trader..
Hi,
Summary of all trades taken in 2011 up to now is in attached file (except two positions which are open right now). Overall profit in 2011 YTD is roughly -1.29%. Overall profit from start of this journal (02. Sep. 2010) is 18.44%.
Trade well
Last edited:
Agreed, i only subscribe to one thread. Been doing pretty well with the EURUSD fall and i couldnt really get into the USDCHF as you recommended as they have been correlated in the past. But you have my respect as a trader. You handle everything well by your own accord. We might not have the same entries or exits but thats how it goes
I admire your risk tho. I think it's a hallmark of a good trader..
Thanks
The above positions are left open over weekend.
Thanks.
As I said above, You are an honest trader with an honest thread. Probably the only honest journal on the site.
Well
market opened with a small gap on eurusd and almost no gap on audusd. I changed stoploss levels as below:
Open/working orders:
(T09291) sell eurusd @ 1.3542, s/l: 1.3701, t/p: 0.0000 (0.25 x MR)
s/l moved to 1.3613
(T09292) sell audusd @ 0.9776, s/l: 0.9968, t/p: 0.0000 (0.25 x MR)
s/l moved to 0.9835
Trade well
Yesterday both eurusd and audusd continued their downtrend. I changed stoploss levels as below:
Open/working orders:
(T09291) sell eurusd @ 1.3542, s/l: 1.3701, t/p: 0.0000 (0.25 x MR)
s/l moved to 1.3393
(T09292) sell audusd @ 0.9776, s/l: 0.9713, t/p: 0.0000 (0.25 x MR)
s/l moved to 0.9713
Trade well
wackypete2
Legendary member
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Excellent journal.
Peter
Peter
Thanks Peter
Yesterday both pairs had small retracement. But I do not change stoploss levels
Trade well
Both above orders stopped on 06 October.
eurusd and audusd are both showing retracement, but their current downtrends are still intact. So the only trade I can think of at the moment would be sell stop below yesterday's low. Here are the new orders:
Open/Working orders
(T10071) sell stop eurusd @ 1.3231, s/l: 1.3460, t/p: 0.0000 (0.25 x MR)
(T10072) sell stop audusd @ 0.9611, s/l: 0.9780, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Open/Working orders
(T10071) sell stop eurusd @ 1.3231, s/l: 1.3460, t/p: 0.0000 (0.25 x MR)
(T10072) sell stop audusd @ 0.9611, s/l: 0.9780, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
Attachments
Just a quick update, above stop orders are still in place. Both eurusd and audusd are retracing higher. Depending on today's price action I might change my sentiment from bearish to bullish and take long position on eurusd and audusd.
Trade well
Well ... today's price action was extremely bullish, so that I'm reluctant to take long positions after having these large candle. I wait to enter on possible retracements.
(T10071) and (T10072) sell stop orders deleted.
Trade well
Hi,
I've not taken trades for a few days. Here are today's orders. These are counter trend orders, each is accompanied with a SAR order.
(T10181) sell eurusd @ 1.3757, s/l: 1.3926, t/p: 0.0000 (0.25 x MR)
(T10182) sell audusd @ 1.0175, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
(T10183) buy stop eurusd @ 1.3926, s/l: 1.3757, t/p: 0.0000 (0.25 x MR)
(T10184) buy stop audusd @ 1.0383, s/l: 1.0175, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
I've not taken trades for a few days. Here are today's orders. These are counter trend orders, each is accompanied with a SAR order.
(T10181) sell eurusd @ 1.3757, s/l: 1.3926, t/p: 0.0000 (0.25 x MR)
(T10182) sell audusd @ 1.0175, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
(T10183) buy stop eurusd @ 1.3926, s/l: 1.3757, t/p: 0.0000 (0.25 x MR)
(T10184) buy stop audusd @ 1.0383, s/l: 1.0175, t/p: 0.0000 (0.25 x MR)
MR = 1%
Trade well
