TurtleForex +408% 12 months trading

[TraderFX65]

August 19

Ughhh...what a long day with a disappointing ending.

Got off to a good start with some JPY longs for about 30 pips...also took an EUR short against AUD and NZD then added some more NZD postions on an NZD buy siganal...and that is where things got difficult. The trading method I use counts on a certain pattern completing to give us our pips. Today I scratched away at a bunch of up and down movement in NZD and felt the longer we could hang in there, the better our chance of at least getting a move to get us out at B/E or with a minimal loss...unfortunately the market had other plans for NZD and I had to cut the basket for about a 1% loss, which is about .25% more than I wanted but the basket moved against me about 125 pips in a matter of seconds and I had to quickly close it out. With the +75 pips of closed trades that we had, we ended the day -.72% (-257 pips).

As disappointed as I am at the loss, I look at how much worse this could have been if I opened up the stop, EURNZD alone had moved over 100 pips beyond out exit, and GBPNZD 150 pips....WOW!

Not so happy, but happy trading anyway....

Joe

 

[TraderFX65]

August 20

I have to admit I was feeling a bit apprehensive taking a trade today, I literally had to force myself after yesterdays grueling session.

I had the signal to short EUR. I chose USD, JPY and GBP as the crosses and while AUD and NZD were showing they were good candidates I ignored them at first. After a rough start, with the basket going 30 or so pips against me, EUR started moving in our direction. I then worked up the courage to short EA and EN, though with a smaller size. I need to trust my signals and not let what happened the previous trade effect the current trade.

In the end we caught 38 pips...best I could have done was about 43 at that time so I was happy. I mentioned to JohnMarc in the Live Trading Room, that we cant let what happed yesterday effect the trade today. It's natural to want to "make back" what you lost...you cant look at it that way...on a "normal" day we are very happy with a 40 pip basket...what happened yesterday should not change that. Very happy with the trade overall. At first I was questioning the exit, but look what happened with EUR shortly afterwards. This is why you have to take what the market is making available and wait for the next trade.

Happy Trading!

Joe

 

[TraderFX65]

August 21

Sorry got a bit behind with the posts.

Some trades here are from Asia session on August 20. There are a lot of trades here. Basically just picking off NZD positions. These were all kind of risky trades with all the speculation pre-FOMC so they were only on the "Challenge" account. I did not take these on the Master account.

I'm looking forward to things getting back to "normal"...hehehe

Happy Trading!

Joe

TurtleForex.net

 

[TraderFX65]

August 22

Took an early EN short for about 12 pips and a JPY basket for 26.5 pips...38.5 total. Reports from the trading room are were showing more like 45 pips so happy to hear subscribers are doing as good or better than my slave account! I got out of the JPY trade without giving JPY more time mainly because JPY is giving a fresh sell signal on the 4HR and I really dont want to fight that too much...overall a good morning of trades...

Happy Trading!

Joe

TurtleForex.net