Currency trading on D1 time frame

[trader_d]

Well my positions were left open over the weekend. I just added another buy limit order on eurusd. Status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
right now @ 1.3265, stop moved to 1.3179

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.3265, stop moved to 1.3179

(T03211) sell audusd @ 1.0477, s/l: 1.0638, t/p: 0.0000 (0.25 x MR)
right now @ 1.0457, stop moved to 1.0515

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
just placed

Trade well

Yesterday both eurusd and audusd climbed. My sell on audusd stopped. Today I go long on audusd and add another buy limit on eurusd. Status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03211) sell audusd @ 1.0477, s/l: 1.0638, t/p: 0.0000 (0.25 x MR)
stopped

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
just placed

(T03272) buy audusd @ 1.0522, s/l: 1.0416, t/p: 0.0000 (0.25 x MR)
just placed

MR = 1%

Trade well

 

[trader_d]

Just a quick update. All positions are open without any change. T03271 has not been activated yet.
aud/usd had a decline but I won't take a short position tonight.

Trade well

 

[trader_d]

Yesterday both eurusd and audusd climbed. My sell on audusd stopped. Today I go long on audusd and add another buy limit on eurusd. Status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03211) sell audusd @ 1.0477, s/l: 1.0638, t/p: 0.0000 (0.25 x MR)
stopped

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3351, stop moved to 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
just placed

(T03272) buy audusd @ 1.0522, s/l: 1.0416, t/p: 0.0000 (0.25 x MR)
just placed

MR = 1%

Trade well

Well ... another trading week ended. Status of positions are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.3335, stop moved to 1.3232

(T03272) buy audusd @ 1.0522, s/l: 1.0416, t/p: 0.0000 (0.25 x MR)
stopped

All positions will be open over the weekend.

Have a nice weekend.

 

[trader_d]

Well ... another trading week ended. Status of positions are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3335, stop @ 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.3335, stop moved to 1.3232

(T03272) buy audusd @ 1.0522, s/l: 1.0416, t/p: 0.0000 (0.25 x MR)
stopped

All positions will be open over the weekend.

Have a nice weekend.

Trading starts again.

1. eur/usd opens higher, so my euro buy orders remain unchanged.

2. aud/usd also opens higher, however technically existing down trend remains intact so I opened a sell order with an "SAR buy stop" order.

Positions status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
just placed

(T04022) buy stop audusd @ 1.0570, s/l: 1.0437, t/p: 0.0000 (0.25 x MR)
just placed, SAR order for T04021

Trade well

 

[monochrome]

nice journal sir

i'm trying to emulate your very simple strategy of using s/r lines

just curious how do you calculate the risk %? do you have any fixed parameters?

 

[trader_d]

nice journal sir

i'm trying to emulate your very simple strategy of using s/r lines

just curious how do you calculate the risk %? do you have any fixed parameters?

Hi

I trade two pairs, eur/usd and aud/usd. My overall risk won't exceed 1% on any trading day (Maximum Risk; MR = 1%)
Assume that I intend to have buy positions on both eur/usd and aud/usd.
I usually have one market order and one pending order per each pair, i.e. overall 4 positions on two pairs. Therefore each position will have 0.25% risk. In other words if one of my positions hit s/l level I'll lose 0.25% of equity.

Hope that helps

 

[samirs]

what does t/p: 0.0000 mean?

 

[trader_d]

what does t/p: 0.0000 mean?

That means no t/p (take profit) is set. I used to have t/p on some positions. Recently I rarely have any t/p.

Trade well

 

[trader_d]

Trading starts again.

1. eur/usd opens higher, so my euro buy orders remain unchanged.

2. aud/usd also opens higher, however technically existing down trend remains intact so I opened a sell order with an "SAR buy stop" order.

Positions status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
just placed

(T04022) buy stop audusd @ 1.0570, s/l: 1.0437, t/p: 0.0000 (0.25 x MR)
just placed, SAR order for T04021

Trade well

Just a quick update.
Yesterday, there were no significant movement in eur/usd or aud/usd. So all positions remain unchanged.

Trade well

 

[samirs]

That means no t/p (take profit) is set. I used to have t/p on some positions. Recently I rarely have any t/p.

Trade well

Thanks. So how / what levels do you take profits or close the trade?

 

[monochrome]

Hi

I trade two pairs, eur/usd and aud/usd. My overall risk won't exceed 1% on any trading day (Maximum Risk; MR = 1%)
Assume that I intend to have buy positions on both eur/usd and aud/usd.
I usually have one market order and one pending order per each pair, i.e. overall 4 positions on two pairs. Therefore each position will have 0.25% risk. In other words if one of my positions hit s/l level I'll lose 0.25% of equity.

Hope that helps

a very conservative and effective way of controlling your risk, thanks for sharing!

 

[trader_d]

Trading starts again.

1. eur/usd opens higher, so my euro buy orders remain unchanged.

2. aud/usd also opens higher, however technically existing down trend remains intact so I opened a sell order with an "SAR buy stop" order.

Positions status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
active, right now @ 1.3370, stop @ 1.3232

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
just placed

(T04022) buy stop audusd @ 1.0570, s/l: 1.0437, t/p: 0.0000 (0.25 x MR)
just placed, SAR order for T04021

Trade well

Hi

1. eur/usd changed directions and went down, all of my long positions stopped. I opened sell positions. also a "SAR buy stop" order is also added.

2. aud/usd also continued going down I added a sell limit order. also a "SAR buy stop" order is also added.

Positions status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
stopped

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
stopped

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
stopped

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
stopped

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0275, stop moved to 1.0479

(T04022) buy stop audusd @ 1.0570, s/l: 1.0437, t/p: 0.0000 (0.25 x MR)
deleted and replaced by another SAR order

(T04043) sell limit audusd @ 1.0354, s/l: 1.0479, t/p: 0.0000 (0.25 x MR)
just placed

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
just opened, right now @ 1.3192

(T04042) sell limit eurusd @ 1.3285, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

 

[trader_d]

Hi

1. eur/usd changed directions and went down, all of my long positions stopped. I opened sell positions. also a "SAR buy stop" order is also added.

2. aud/usd also continued going down I added a sell limit order. also a "SAR buy stop" order is also added.

Positions status are:

(T03191) buy eurusd @ 1.3175, s/l: 1.3038, t/p: 0.0000 (0.25 x MR)
stopped

(T03202) buy limit eurusd @ 1.3175, s/l: 1.3090, t/p: 0.0000 (0.25 x MR)
stopped

(T03261) buy limit eurusd @ 1.3232, s/l: 1.3179, t/p: 0.0000 (0.25 x MR)
stopped

(T03271) buy limit eurusd @ 1.3276, s/l: 1.3181, t/p: 0.0000 (0.25 x MR)
stopped

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0275, stop moved to 1.0479

(T04022) buy stop audusd @ 1.0570, s/l: 1.0437, t/p: 0.0000 (0.25 x MR)
deleted and replaced by another SAR order

(T04043) sell limit audusd @ 1.0354, s/l: 1.0479, t/p: 0.0000 (0.25 x MR)
just placed

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
just opened, right now @ 1.3192

(T04042) sell limit eurusd @ 1.3285, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

Hi

yesterday both eur/usd and aud/usd continued their down trend. My sell limit orders were not activated, so I delete them and add new sell limit orders

Positions status are:

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0290, stop moved to 1.0383

(T04043) sell limit audusd @ 1.0354, s/l: 1.0479, t/p: 0.0000 (0.25 x MR)
deleted

(T04052) sell limit audusd @ 1.0302, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
just placed

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
right now @ 1.3154, stop moved to 1.3249

(T04042) sell limit eurusd @ 1.3285, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
deleted

(T04052) sell limit eurusd @ 1.3176, s/l: 1.3249, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

P.S. T2W is very slow right now, I can't load screen shots

 

[trader_d]

Hi

yesterday both eur/usd and aud/usd continued their down trend. My sell limit orders were not activated, so I delete them and add new sell limit orders

Positions status are:

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0290, stop moved to 1.0383

(T04043) sell limit audusd @ 1.0354, s/l: 1.0479, t/p: 0.0000 (0.25 x MR)
deleted

(T04052) sell limit audusd @ 1.0302, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
just placed

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
right now @ 1.3154, stop moved to 1.3249

(T04042) sell limit eurusd @ 1.3285, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
deleted

(T04052) sell limit eurusd @ 1.3176, s/l: 1.3249, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

P.S. T2W is very slow right now, I can't load screen shots

Hi

yesterday aud/usd didn't move significantly, my "sell limit" order activated.
eur/usd continued its down trend, my sell limit order was not activated so I delete it and add another one

Positions status are:

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0299, stop @ 1.0383

(T04052) sell limit audusd @ 1.0302, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.0299, stop @ 1.0383

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
right now @ 1.3065, stop moved to 1.3175

(T04051) sell limit eurusd @ 1.3176, s/l: 1.3249, t/p: 0.0000 (0.25 x MR)
deleted

(T04061) sell limit eurusd @ 1.3100, s/l: 1.3175, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

 

[zammitman]

Hi trader_d,
I have been following your trading for some time now and I have great respect for your trading here.
You are posting all your trades in advance and you are being honest with all your positions.

However, I am starting to lose where you are on the equity curve. Would you please post your monthly results since you initiated this trade journal?

I posted this a couple of weeks ago and I noticed that you have not yet posted your monthly results.

Can you post them soon as I am starting to lose where you are on the equity curve?

 

[trader_d]

I posted this a couple of weeks ago and I noticed that you have not yet posted your monthly results.

Can you post them soon as I am starting to lose where you are on the equity curve?

I think I owe you an apology.

I haven't forget your posts, but I've been very busy these days.

Attached are detailed information of positions taken in 2012 and monthly results from start of this thread. Open positions are not included.

Trade well

 

[trader_d]

Thanks. So how / what levels do you take profits or close the trade?

I exit my positions when:

1. stop is hit
2. my analysis shows that trend is reversed in which case I close my positions and open orders in reverse direction.

So usually I have no t/p except in rare cases.

Sorry for my late reply.

Trade well

 

[jesteruk]

Hi There
Out of interest have you done a lot of back testing on this? What makes you think that the system will win overall and that Sept 2010 was not just a fluke?

 

[trader_d]

Hi There

Hi

Out of interest have you done a lot of back testing on this?

No

What makes you think that the system will win overall and that Sept 2010 was not just a fluke?

I don't remember ....... when I said the system is a winner?
read here please

Many periods like september 2010 have passed and I failed to catch the trend. It is not about the system, I believe it is about system+trader.

What I'm doing is a forward testing and changing rules to see if my concept could be a winner in different market conditions.
I use the term concept since during this testing period many of the rules have changed/revised.

Thanks for the comment and trade well

 

[trader_d]

Hi

yesterday aud/usd didn't move significantly, my "sell limit" order activated.
eur/usd continued its down trend, my sell limit order was not activated so I delete it and add another one

Positions status are:

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0299, stop @ 1.0383

(T04052) sell limit audusd @ 1.0302, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.0299, stop @ 1.0383

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
right now @ 1.3065, stop moved to 1.3175

(T04051) sell limit eurusd @ 1.3176, s/l: 1.3249, t/p: 0.0000 (0.25 x MR)
deleted

(T04061) sell limit eurusd @ 1.3100, s/l: 1.3175, t/p: 0.0000 (0.25 x MR)
just placed

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well

Hi

All positions left open over the weekend, status are:

(T04021) sell audusd @ 1.0437, s/l: 1.0570, t/p: 0.0000 (0.25 x MR)
right now @ 1.0272, stop @ 1.0383

(T04052) sell limit audusd @ 1.0302, s/l: 1.0383, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.0272, stop @ 1.0383

(T04045) buy stop audusd @ 1.0479, s/l: 1.0290, t/p: 0.0000 (0.25 x MR)
SAR order for T04021

(T04041) sell eurusd @ 1.3228, s/l: 1.3397, t/p: 0.0000 (0.25 x MR)
right now @ 1.3052, stop @ 1.3175

(T04061) sell limit eurusd @ 1.3100, s/l: 1.3175, t/p: 0.0000 (0.25 x MR)
activated, right now @ 1.3052, stop @ 1.3175

(T04044) buy stop eurusd @ 1.3397, s/l: 1.3228, t/p: 0.0000 (0.25 x MR)
SAR order for T04041

Trade well