Naked Price Action Trading Journal

[FXALTareeq]

I have several Journals on various website. Daily I publish "What's On My Forex Radar" video analysis on the Daily and Weekly charts using Naked Price Action Methodology.

Here's today's video: November 17, 2015: "What's On My Forex Radarhttps://www.youtube.com/watch?v=rZcSEslZGik".

 

[FXALTareeq]

633 Pips from my EURAUD Daily Kangaroo Tail Trade

Update: Trade closed for 663 pips and R:128. Congratulations and GREEN pips to those who traded it with me.

EURAUD DAILY KANGAROO TAIL
S/L: 1.5563
SELL: 1.5316
T1: 1.5069 247 pips R:.0.50
T2: 1.4930 386 pips R: 0.78
Total: 633 pips and Total R: 1.28

https://www.youtube.com/watch?v=lGl9uup46is

 

[Forexmospherian]

Update: Trade closed for 663 pips and R:128. Congratulations and GREEN pips to those who traded it with me.

EURAUD DAILY KANGAROO TAIL
S/L: 1.5563
SELL: 1.5316
T1: 1.5069 247 pips R:.0.50
T2: 1.4930 386 pips R: 0.78
Total: 633 pips and Total R: 1.28

Hi FXALT

First of all - Very Well done

I was impressed with 633 pips and initially your comment of a RR of 128 - mighty impressive...........

But - then I watched the video and saw that your real RR was 1. 28 - that had taken approx 3 weeks + to achieve and that you stop had been nearly 250 pips and you had split the trades into two parts etc resulting in a RR that I like to think I can make in 10 -15 minutes.

I appreciate its Naked trading and that you are using longer time frames - but all this shows is the inefficiency of longer term trading as no retail trader will get rich using 250 pip stops and waiting over 3 weeks to make at best a RR of just over 2.

Its a shame - but that's were many newer traders are impressed with seeing 633 pips ( I was ) - but 250 pip stop and 3+ weeks for a result spoils it.

Most retail traders might only be able to use micro lots or just even $1 a pip with that size stop - so then the financial result is $633 or a lot less in over 3 weeks

Now if you had the time and inclination to intraday or look for trades off say the 1 hr or 4 hrs - you might not get your 633 pips in 3+ weeks - but your stops might be lower at 25 to 60 pips and you would then even on just a 55/60% win rate on one pair make 20 - 40 trades and I bet you your total net RR's ( after losses) would be over 10 + and instead of trading on $1 or less you might have been on $5 a pip or more and ended up with far more money.

No disrespect - because it a winning trade - but for me just not the best way to control risk and maximize reward

All the best and Good Trading

Regards


F

 

[FXALTareeq]

Hi FXALT

First of all - Very Well done

I was impressed with 633 pips and initially your comment of a RR of 128 - mighty impressive...........

But - then I watched the video and saw that your real RR was 1. 28 - that had taken approx 3 weeks + to achieve and that you stop had been nearly 250 pips and you had split the trades into two parts etc resulting in a RR that I like to think I can make in 10 -15 minutes.

I appreciate its Naked trading and that you are using longer time frames - but all this shows is the inefficiency of longer term trading as no retail trader will get rich using 250 pip stops and waiting over 3 weeks to make at best a RR of just over 2.

Its a shame - but that's were many newer traders are impressed with seeing 633 pips ( I was ) - but 250 pip stop and 3+ weeks for a result spoils it.

Most retail traders might only be able to use micro lots or just even $1 a pip with that size stop - so then the financial result is $633 or a lot less in over 3 weeks

Now if you had the time and inclination to intraday or look for trades off say the 1 hr or 4 hrs - you might not get your 633 pips in 3+ weeks - but your stops might be lower at 25 to 60 pips and you would then even on just a 55/60% win rate on one pair make 20 - 40 trades and I bet you your total net RR's ( after losses) would be over 10 + and instead of trading on $1 or less you might have been on $5 a pip or more and ended up with far more money.

No disrespect - because it a winning trade - but for me just not the best way to control risk and maximize reward

All the best and Good Trading

Regards


F

Thanks for your input. The only thing that I will add to it because there will always be naysayers and "Monday Night Quarterbacking" is that 3 of the GREATEST Fund Managers (George Soros, Bill Lipschutz and Stanley Drukenmiller) trade the Daily and Weekly Charts and they do so for a reason. In fact, I just did a blog post on this recently here it is:Why You Should Make Trading The Daily Charts Part Of Your Trading Strategy[/URL]" What should be also noted my video is that this particular trade as an additional addon to another trade we are currently in which is a weekly trade.

With that being said.. Have a magnificent day on PURPOSE!

 

[Forexmospherian]

Thanks for your input. The only thing that I will add to it because there will always be naysayers and "Monday Night Quarterbacking" is that 3 of the GREATEST Fund Managers (George Soros, Bill Lipschutz and Stanley Drukenmiller) trade the Daily and Weekly Charts and they do so for a reason. In fact, I just did a blog post on this recently here it is: Why You Should Make Trading The Daily Charts Part Of Your Trading Strategy[/URL]" What should be also noted my video is that this particular trade as an additional addon to another trade we are currently in which is a weekly trade.

With that being said.. Have a magnificent day on PURPOSE!

Hi FXALT

Well understand your logic here - but its so misguided

Retail FX trading and commercial /Bank / Hedge Fund trading is like chalk and cheese - totally a different ball game.

Like comparing 2 cars - ie a Ford Model T and a Bugatti Veyron - both 4 wheel cars - but just so different

If I was trading multi millions and billions - etc - then yes - different ballgame - i would be delighted with 30% ROC per annum - delighted

BUT

As a retail trader and maybe 99% of all retail traders with accounts under $250 or even $500 k - then i want 30% ROC per month or at least quarter - different risk different return base - different ballgame.

So therefore none of us retail traders on this Forum are going to be in George Soras or Warren Buffett league - and we are never going to get there trading our own money.

OK - if you want to go into the commercial world and trade OPM's etc - then nothing wrong with naked longer term trading

However if you are trading with less then $250K - get a better method


Regards


F

 

[FXALTareeq]

We have hit target 1 on the AUDCAD Weekly Bend Trade for 203 Pips.

AUDCAD WEEKLY BEND TRADE
S/L: 0.9139 RISK 272 PIPS
BUY: 0.9411
T1: 0.9614 Hit target for 203 pips
T2: 0.9736



Yesterday we closed EURAUD Busted KT for 633 pips and previous EURUSD trade for 433 pips. Rocking and rolling This week. We still have one trade on the EURAUD T1 that is close to hitting target today as well we are about 30 pips from target.

 

[FXALTareeq]

Netted 403 Pips On EURAUD

EURAUD WEEKLY TRENDLINE BREAK (November 10, 2015)

S/L: 1.5642
SELL: 1.5158
T1: 1.4752 Hit target for 406 pips
T2: 1.4430

 

[FXALTareeq]

3 Closed Trades This Week for 1, 242 pips

I closed this Week's Trading session with 1,242 pips on 3 trades:

EURAUD WEEKLY TRENDLINE BREAK
S/L: 1.5642 Risked 484 pips (Moved stops to B/E +10 pips)
SELL: 1.5158
T1: 1.4752 Hit target for 406 pips R:0.42
T2: 1.4430

EURAUD DAILY KANGAROO TAIL
S/L: 1.5563 Risked 247 pips
SELL: 1.5316
T1: 1.5069 247 pips R:.0.50
T2: 1.4930 386 pips R: 0.78
Total: 633 pips and Total R: 1.28

AUDCAD WEEKLY BEND TRADE
S/L: 0.9139 Risked 272 pips (Moved stops to B/E +10 pips)
BUY: 0.9411
T1: 0.9614 Hit target for 203 pips R: 0.37
T2: 0.9736

*Note R is calculated on split trade method and will be lower on individually trades verses single trades.

 

[FXALTareeq]

New Trade Set-up: EURAUD Home Run Trade

New Trade Set-up: EURAUD H1 Home Run Trade
S/L: 1.4830
SELL: 1.4797
T1: 1.4707

 

[FXALTareeq]

New Trade Set-up: GBPJPY Daily Trendline Break

GBPJPY DAILY Trendline Break Trade
S/L: 188.16
SELL: 185.07
T1: 182.51
T2: 180.47

 

[FXALTareeq]

New Trade Set-up: AUDUSD DAILY VOYAGER

New Trade Set-up: AUDCHF Weekly Acapulco Trade

 

[FXALTareeq]

Hit Target 1 For 139 pips on EURUSD Daily Acapulco Trade

We hit target 1 for 139 pips on November 30, 2015

EUR/USD DAILY ALCAPULCO
Stop: 1.0893 risk 194 pips (Moving stops to B/E + 5 pips)
Selling at: 1.0699
T1: 1.0560 Hit target for 139 pips
T2: 1.0490

 

[FXALTareeq]

EURAUD: 633 pips
AUDCAD: 203 pips
EURAUD: 406 pips
EURAUD: 432 pips
EURUSD :139 pips

There were no losses this month. We had a 100% win rate this month. Those who traded the above trades risking 2% should have seen a ROI of 5%+ (for this month’s trades) in their Forex Trading accounts.

Total pips for November 2015: 1,813 Pips

 

[FXALTareeq]

Hit target 2 on EURAUD Trendline Break Trade for 752 pips

Hit target 2 on EURAUD Trendline Break Trade for 752 pips

EURAUD WEEKLY TRENDLINE 10/27/2015
S/L: 1.5801 Risk 619 pips
SELL: 1.5182
T1: 1.4750 Hit Target for 432 pips
T2: 1.4430 Hit Target for 752 pips
Total net pips: 1,184 pips

 

[FXALTareeq]

Weekending Review: December 4, 2015

 

[NVP]

Hey dude ....good work

I generally can make 20-30 pips in say 90 mins of trading most mornings .....and will at a real,push allow a 5 pip stop/drawdown on trades......I respect longer term trading but the numbers don't add up for me as I can't leverage the returns on such small numbers of trades

I can see the last post the risks and returns .......how,long were you in those trades ?

Whats your roce on a monthly basis ?

N

 

[FXALTareeq]

New Trade EURNZD Daily Kangaroo Tail Trade

EURNZD DAILY KT
S/L: 1.6743
SELL: 1.6290
T1: 1.5795
T2: 1.5400

 

[FXALTareeq]

We have hit target #1 for 256 pips on:

GBPJPY DAILY Trendline Break

S/L: 188.16 Risk 309 pips
SELL: 185.07
T1: 182.51 Hit target #1 for 256 pips
T2: 180.47

 

[FXALTareeq]

We hit Target #2 for 460 pips GBPJPY DAILY Naked Price Action Trendline Break Trade

S/L: 188.16
SELL: 185.07
T1: 182.51 Hit target #1 for 256 pips (December 14, 2015)
T2: 180.47 Hit target #2 for 460 pips (December 18, 2015)

Total Pips: 716 pips

 

[FXALTareeq]

December 2015 Trade Report

I took 6 Daily Trades during the month of December 2015. Here are the results:

AUDCHF WEEKLY ACAPULCO
S/L: 0.7269 Risk 171 pips STOPPED OUT FOR -171 PIPS (December 3, 2015)
Buy: 0.7440
T1: 0.7671

AUDNZD WEEKLY VOYAGER (November 15, 2015)
S/L: 1.0718 Risk for 275 pips Stopped out for 275 pips December 9, 2015)
BUY: 1.0993
T1: 1.1310

EURAUD WEEKLY TRENDLINE 10/27/2015
S/L: 1.5801 Risk 619 pips
SELL: 1.5182
T1: 1.4750 Hit Target for 432 pips
T2: 1.4430 Hit Target for 752 pips (December 2, 2015)
Total net pips: 1,184 pips

AUDCAD WEEKLY BEND TRADE
S/L: 0.9139 RISK 272 PIPS
BUY: 0.9411
T1: 0.9614 Hit target 1 for 203 pips
T2: 0.9736 Hit target 2 for 325 pips (December 1, 2015)
Total Pips: 528 pips

GBPJPY DAILY Trendline Break
S/L: 188.16 Risk 309 pips
SELL: 185.07
T1: 182.51 Hit target #1 for 256 pips (December 14, 2015)
T2: 180.47 Hit target #2 for 460 pips (December 18, 2015)
Total pips: 716 pips

EUR/USD DAILY ALCAPULCO (November 10, 2015)
Stop: 1.0893 risk 194 pips (Moved S/L to B/E +10 pips)
Selling at: 1.0699
T1: 1.0560 Hit target for 139 pips
T2: 1.0490 Stopped out for+ 10 pips

Total pips: 1,270 6 wins/ 2 loses: 75% win rate 25% loss rate