LouDogg's Spot Forex Trading Journal

Hello everybody. I took some time off from trading mainly to work on my system (and to get some much needed R&R with the future Mrs. LouDogg). I have decided to start taking a longer term approach and try to go for 200 pips a trade. While it looks good in the backtests, I have'nt actually tried out in real time yet. I think I am ready now. My first call is

Sell Euro/USD at 1.2362
Limit at 1.2162
Using 1% of Capital

The Stop is to be determined later.
 
Closed at 1.2115 this morning for a gain of 240 pips. Oh yeah, thats what I like to see. The fantastic employment numbers helped on this one. I thought they would be good (like Bush & CO. would let bad #'s come out at this rate) but not like this. Anyway, I think I like my new system. More testing ahead.
 
Yea, I'm trying to move to longer time frames and larger moves, but the scalper in me is having a hard time letting go. Trading limbo is no fun. I think it was Waggie that had a post linking an E-book on the Phantom of the Pits. IMHO a great read. Once again nice call at o' dark thirty.
Robby
 
With brand new opportunities.

Buy Euro/USD at 1.2097
Sell at 1.2150 (or somewhere around there)
Stop TBD

Still trying some new ideas. Have a good morning everyone.
 
Quote from LouDogg:

With brand new opportunities.

Buy Euro/USD at 1.2097
Sell at 1.2150 (or somewhere around there)
Stop TBD

Still trying some new ideas. Have a good morning everyone.
More...



Curious as to what type of system u use?

Is it technical?
 
It is technical. I read the Economist and keep an eye on bond prices, but that is really only to help confirm my opinion of what I see in the charts. If they don't match up, I usually wait it out or set smaller goals until I see the move I like. I find it a lot easier to use the technicals on the longer time frames (4 hour and up).
 
You must log in or register to reply here.
Back
Top