Saki's Forex Reversal Journal

[sakimonohito]

this is the smallest move I have seen after a fed meeting. still holding usd short with stops at break even...same target.

 

[sakimonohito]

10k GBP/USD B 1.9269 Limit 1.9390+ 121
10k USD/CHF S 1.1515 Exit 1.1484 +29
10k GBP/USD B 1.9048 Exit 1.9176 +128
10k USD/CHF S 1.1623 Limit 1.1474 +149
___________________________________________
Starting Balance(assume one dollar for each pip):
2000 USD

Closed Balance
2427 USD

 

[sakimonohito]

USD/JPY B 104.25 Limit 105.30 Stop 103.90
EUR/USD S 1.3412 Limit 1.3332 Stop 1.3447

Very tight stops today.

No serious (heiken ashi)spikes, but daimyo indicates a reversal and the BB-Fibo's were pierced.

 

[sakimonohito]

10k GBP/USD B 1.9269 Limit 1.9390+ 121
10k USD/CHF S 1.1515 Exit 1.1484 +29
10k GBP/USD B 1.9048 Exit 1.9176 +128
10k USD/CHF S 1.1623 Limit 1.1474 +149
10k EUR/USD S 1.3412 Exit 1.3410 +2*
___________________________________________
Starting Balance(assume one dollar for each pip):
2000 USD

Closed Balance
2429 USD

Limiting my risk as the reversal has not materialized convincingly.

Open Trade
USD/JPY B 104.25 Limit 105.30 Stop 103.90

 

[sakimonohito]

]10k GBP/USD B 1.9269 Limit 1.9390+ 121
10k USD/CHF S 1.1515 Exit 1.1484 +29
10k GBP/USD B 1.9048 Exit 1.9176 +128
10k USD/CHF S 1.1623 Limit 1.1474 +149
10k EUR/USD S 1.3412 Exit 1.3410 +2
10k USD/JPY B 104.25 Stop 103.90 -35
___________________________________________
Starting Balance(assume one dollar for each pip):
2000 USD

Closed Balance
2394 USD


Hindsight is always a genius, but there was no reason to take my trades off the table!

EUR/USD short was a textbook entry!

 

[sakimonohito]

Big stops because Daimyo has yet to setup but I've got the heiken spikes and the bollinger fibos pierced. On the London open I will trim in the stops to the low of the day (hopefully the 12pm EST bar!)

I've gotta jump in without fear this time!

USD/CHF S 1.1585 Limit 1.1473 Stop 1.1695
EUR/USD B 1.3259 Limit 1.3400 Stop 1.3150

 

[sakimonohito]

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[sakimonohito]

USD/CHF S 1.1585, 1.1615 Limit 1.1473 Stop 1.1695
EUR/USD B 1.3259, 1.3207 Limit 1.3400 Stop 1.3150

 

[sakimonohito]

20kUSD/CHF S 1.1585, 1.1615 Limit 1.1480 Stop 1.1620
20kEUR/USD B 1.3259, 1.3207 Limit 1.3350 Stop 1.3200

Note to self:

I DO have the courage to follow my trade setup.

 

[sakimonohito]

10k GBP/USD B 1.9269 Limit 1.9390+ 121
10k USD/CHF S 1.1515 Exit 1.1484 +29
10k GBP/USD B 1.9048 Exit 1.9176 +128
10k USD/CHF S 1.1623 Limit 1.1474 +149
10k EUR/USD S 1.3412 Exit 1.3410 +2
10k USD/JPY B 104.25 Stop 103.90 -35
10k USD/CHF S 1.1585 Stop 1.1620 -35
10k USD/CHF S 1.1615 Exit 1.1557 +58
10k EUR/USD B 1.3207 Exit 1.3285 +78
___________________________________________
Starting Balance(assume one dollar for each pip):
2000 USD

Closed Balance
2495 USD

Quite a week!

Open Trades

10kEUR/USD B 1.3259 Limit 1.3350 Stop 1.3200

I'm experimenting with a trailing stop and the backtests look very promising. Averages about 450 pips a month per currency. The only problem is that it uses a closed bar basis so the exit times tend to be inconvenient.