Systematic FX Trading Journal

Sorry about the lack of updates folks. Been a little busy. Have been continuing the part systematic and part discretionary trading method with some pretty solid results. My initial risk on many of the positions have been very tiny compared to my payback which is always great. Basically I am using the systematic method to understand the reversal and trend points while using my own discretionary support and resistance levels to time the trades as perfectly as possible. Traded the GBPUSD alone. My risk on the positions have ranged from 3-5% (20-40 pips). On the last update I noted that I had entered a sell stop well that was hit and price did move 30 pips in the position but hit a great support level with a bounce back which cost me money. However, after the fed report the price returned back to the support where it stagnated. I entered a small GBPUSD long and waited until the critical 1.8023 region had been surpassed when I put in a larger position with no downside risk (had the stop in a position which put me at slightly positive in case of reversal). Covered at 1.8115 as a resistance level has been reached.
As for equities nothing big occuring. Market reached the resistance level and began selling off strongly. Still holding my MUSAW positions.

Total P/L FX: $3400.12
Total P/L Equities: $1134.18

Here is the blotter for this week:
 

Attachments

Current situation with GBPUSD. There is some resistance at 1.8026-1.8040. If this region can be broken a nice move to the next resistance should be expected which exists around the 1.8207-1.8220 region. These areas correspond the S&R levels on both H4 and D1 timeframes which further increase their importance. Will be looking for a confirmation break or a confirmation fail to enter a position. Risk will be around 30 pips maximum.

Looking at a buy stop at 1.8145. Risk 30 pips. TP at 1.8210.

sep21daily4H.GIF
 
Missed a great short GBPUSD opportunity today due to school. Would have been a nice 100 pip move too. Both quant models showing downwards trend with no reversal. Support on the intermediate timeframe at the 1.7884-1.7890 region. Both daily and H4 shows a support at 1.7815. Therefore, entered the following order: GBPUSD sell stop 1.7870 SL 1.7900 TP 1.7815 Trailing Stop 25 pips.

As for equities nothing special going on. MUSAW inched downwards a little. Nothing special.

Total P/L FX: $3100.12
Total P/L Equities: $1118.87
 
A small gain today as I got stopped out with a $310 dollar profit due to a sudden spike. From my entry price declined to nearly 100 pips which is a bummer that I missed most of the ride. Still not a bad gain for the week overall.

MUSAW just moving along slowly. Nothing terribly important going on with it.

Total P/L FX: $3410.12
Total P/L Equities: $1166.87
 
From next week I am switching over to trading solely the automated quantitative models. On a number of pairs that will offer some solid diversification. I will also enable low risk on them by having them risk around 0.6%-0.85% per trade. I will be very busy from now until around mid to late October so dont want the hassle of manually entering the positions. As for equities no more new trades. Just holding the 1600 MUSAW warrants.

Expect updates once every two-three days. Good luck fellas!
 
FX account hitting new highs. Equities basically stagnating. Hit the 9K+ mark on the FX account. Nice gain on it. Looking to close off MUSAW positions soon (before this quarter).

Total P/L Equities: +$1086.87
Total P/L FX: +$3522.14
 
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