Saki's Forex Reversal Journal

Daimyo is indicating oversold here so I'm out for now.

Gbp has a way of bouncing like a monster, so i'm booking some profits.

1) GBP/USD 1.8750 cover 1.8509 +241
2) GBPUSD S 1.8539 cover 1.8509 +30

Will wait for convergence with Lower BB bands to be pierced before going long again.
 
EUR/USD S 1.2310 cover 1.2231 +79
USD/CHF B 1.2351 sold 1.25 +149

Have oversold signals on EUR and GBP am looking to average into long positions here.
 
EUR/USD B 1.2230 Limit 1.2477
GBP/USD B 1.8353 Limit 1.8730
USD/CHF S 1.2547 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384 Limit .6640

Trades remaining open still waiting for reversal signals:

EURAUD B 1.7265 Limit 1.7488
EURJPY S 133.73 Limit 1.3281
 
EURUSD B 1.2131 Limit 1.2430
USDCHF S 1.2629 Limit 1.2250


Quote from sakimonohito:

EUR/USD B 1.2230 Limit 1.2477
GBP/USD B 1.8353 Limit 1.8730
USD/CHF S 1.2547 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384 Limit .6640

Trades remaining open still waiting for reversal signals:

EURAUD B 1.7265 Limit 1.7488
EURJPY S 133.73 Limit 1.3281
More...
 
Open Positions


EUR/USD B 1.2230, 1.2131 Limit 1.2477
GBP/USD B 1.8353 Limit 1.8730
USD/CHF S 1.2547, 1.2629 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384 Limit .6640
EUR/AUD B 1.7265 Limit 1.7488

Closed Positions
EUR/JPY S 133.73 Limit 132.90 +83
 
Open Positions


EUR/USD B 1.2230, 1.2131 Limit 1.2477
GBP/USD B 1.8353, 1.8228 Limit 1.8730
USD/CHF S 1.2547, 1.2629 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384, .6268 Limit .6640
EUR/AUD B 1.7265 Limit 1.7488

On a 4 hour basis, the market is starting to trend again, my system is best for range bound markets. Am trading smaller size as I expect to have to average in to all of these positions again(up to 5 positions)--but as I am not the market, I will still trade my system.
 
Open Positions


EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2430
GBP/USD B 1.8353, 1.8228 Limit 1.8730
USD/CHF S 1.2547, 1.2629, 1.2746 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384, .6268 Limit .6640
EUR/AUD B 1.7265 Limit 1.7488
 
Open Positions


EUR/USD B 1.2230, 1.2131, 1.2003 Limit 1.2430
GBP/USD B 1.8353, 1.8228, 1.8130 Limit 1.8730
USD/CHF S 1.2547, 1.2629, 1.2746, 1.28 Limit 1.22
AUD/USD B .7131 Limit .7340
NZD/USD B .6384, .6268 Limit .6640
EUR/AUD B 1.7265 Limit 1.7488
 
Hi Saki,

Why not add a summary of your progress day after day?

How many pips per currency are you ahead/behind since you started?

Good trading....
 
Hi, thanks for your question. I haven't been summarizing daily as this is not a daytrading system. I am not a big fan of daily mark to market totals. I think this is one of the major causes of early exits and loss of potential profits.

I will add a point total and loss for each pair from today on though. Please note my drawdowns are rather large. I wanted to post my trades to help minimize this but it seems that any modification with stop losses severly cuts into profits. So I hold over negative balances on a daily basis. Its hard to argue with my profits though. Sure this system doesn't follow the rules of small drawdowns, but my hit rate more than compensates for this.
 
You must log in or register to reply here.
Back
Top