Another quick scalp. This time on M5 level : spotted a trend channel break. Going 1:1 since EURUSD is a faster moving pair, unlike USDJPY and AUDUSD (based on both backtesting/fronttesting/live stats).
Long EUR/USD x 1 lot
Open 1.34797
Stop 1.34691
Limit 1.34897
Open Time (Broker Time @ UTC) 16/2/2011 10:18
WIN (Broker Time @ UTC) 16/2/2011 10:33
Relativity's Trading Log + System Foward Test
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No need screenshot. Basically another quick 5 pip scalp. Like I said in an earlier post, I saw a ranging market like this coming ^^ Knowing this in advanced helps.
Lets say if I lose this trade, I would still come out ahead overall today.
Short AUD/USD x 3 lots
Open 0.99992
Stop 1.00097
Limit 0.99942
Open Time (Broker Time @ UTC) 16/2/2011 10:37
WIN (Broker Time @ UTC) 16/2/2011 10:51
Lets say if I lose this trade, I would still come out ahead overall today.
Short AUD/USD x 3 lots
Open 0.99992
Stop 1.00097
Limit 0.99942
Open Time (Broker Time @ UTC) 16/2/2011 10:37
WIN (Broker Time @ UTC) 16/2/2011 10:51
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Jalarupa wrote:yo Rel,
Whats ya ave DD on these trades?
Per trade? By observation around -4 pips for winning trades.
I am using an -8 pip (which is the TCD SB average for the 3 pairs I am trading : AUDUSD/USDJPY/EURUSD)+ spread = approx 10 pips stop. Its either I get it right or dont. I want to know I am wrong as soon as possible. So if my stop gets hit I know I am wrong. I may want to bring it closer to 7 thou.
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Long AUD/USD x 1
Open 1.00372
Stop 1.00266
Limit 1.00372
Open Time (Broker Time @ UTC) 17/2/2011 05:18
LOSS (Broker Time @ UTC) 17/2/2011 05:31
Short AUD/USD x 3
Open 1.00266
Stop 1.00369
Limit 1.00166
Open Time (Broker Time @ UTC) 17/2/2011 05:32
WIN (Broker Time @ UTC) 17/2/2011 06:08 (exited early with +2 pips, trade losing confidence)
Tried to scalp 5 pips x 1 lot (long). Failed, channel broke, so opened another position with x 3 lots to scalp 10 pips x 3 lots the other way (short).
Short EUR/USD x 3
Open 1.35690
Stop 1.35797
Limit 1.35590
Open Time (Broker Time @ UTC) 17/2/2011 05:53
WIN (Broker Time @ UTC) 17/2/2011 06:08 (full 10 pips, it may looks to go further but I want to play safe and never trade against weekly trend)
Same for EURUSD, almost same looking channel.
Open 1.00372
Stop 1.00266
Limit 1.00372
Open Time (Broker Time @ UTC) 17/2/2011 05:18
LOSS (Broker Time @ UTC) 17/2/2011 05:31
Short AUD/USD x 3
Open 1.00266
Stop 1.00369
Limit 1.00166
Open Time (Broker Time @ UTC) 17/2/2011 05:32
WIN (Broker Time @ UTC) 17/2/2011 06:08 (exited early with +2 pips, trade losing confidence)
Tried to scalp 5 pips x 1 lot (long). Failed, channel broke, so opened another position with x 3 lots to scalp 10 pips x 3 lots the other way (short).
Short EUR/USD x 3
Open 1.35690
Stop 1.35797
Limit 1.35590
Open Time (Broker Time @ UTC) 17/2/2011 05:53
WIN (Broker Time @ UTC) 17/2/2011 06:08 (full 10 pips, it may looks to go further but I want to play safe and never trade against weekly trend)
Same for EURUSD, almost same looking channel.
- Attachments
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- eurusd major
- eurusd major.png (224.47 KiB) Viewed 3837 times
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- eurusd minor
- eurusd minor.png (229.41 KiB) Viewed 3837 times
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- audusd major
- audusd major.png (225.45 KiB) Viewed 3840 times
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- audusd minor
- audusd minor.png (221.42 KiB) Viewed 3840 times
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Up trend looks to come. Attempting to catch it. Learning to get the right channel angle.
Currently at +4.
+8.
+17.
Closed at 17, price slowed down.
Quitting the day session. I am tired, but came out ahead in total. Want to refine the indicators and do research to sharpen my trading, then rest early. Opening up demo for overtrading/testing.
Long EUR/USD x 3 lots
Open 1.35595
Stop 1.35489
Open Time (Broker Time @ UTC) 17/2/2011 06:41
LOSS (Broker Time @ UTC) 17/2/2011 06:44
Long EUR/USD x 3 lots
Open 1.35525
Stop 1.35413
Open Time (Broker Time @ UTC) 17/2/2011 06:44
LOSS (Broker Time @ UTC) 17/2/2011 06:47
Long EUR/USD x 3 lots
Open 1.35464
Stop 1.35355
Limit 1.35764
Open Time (Broker Time @ UTC) 17/2/2011 06:48
WIN (Broker Time @ UTC) 17/2/2011 07:41
Currently at +4.
+8.
+17.
Closed at 17, price slowed down.
Quitting the day session. I am tired, but came out ahead in total. Want to refine the indicators and do research to sharpen my trading, then rest early. Opening up demo for overtrading/testing.
Long EUR/USD x 3 lots
Open 1.35595
Stop 1.35489
Open Time (Broker Time @ UTC) 17/2/2011 06:41
LOSS (Broker Time @ UTC) 17/2/2011 06:44
Long EUR/USD x 3 lots
Open 1.35525
Stop 1.35413
Open Time (Broker Time @ UTC) 17/2/2011 06:44
LOSS (Broker Time @ UTC) 17/2/2011 06:47
Long EUR/USD x 3 lots
Open 1.35464
Stop 1.35355
Limit 1.35764
Open Time (Broker Time @ UTC) 17/2/2011 06:48
WIN (Broker Time @ UTC) 17/2/2011 07:41
- Attachments
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- eurusd major
- eurusd major.png (194.58 KiB) Viewed 3826 times
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- eurusd minor
- eurusd minor.png (193.13 KiB) Viewed 3826 times
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Relativity wrote:Jalarupa wrote:yo Rel,
Whats ya ave DD on these trades?
Per trade? By observation around -4 pips for winning trades.
I am using an -8 pip (which is the TCD SB average for the 3 pairs I am trading : AUDUSD/USDJPY/EURUSD)+ spread = approx 10 pips stop. Its either I get it right or dont. I want to know I am wrong as soon as possible. So if my stop gets hit I know I am wrong. I may want to bring it closer to 7 thou.
FYI I noticed some similarity of what MO had in this thread when compared to what I am doing now. Hmmm.. lets see what I can integrate here.
MO's MBT Micro
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Long EUR/USD x 3 lots
Open 1.35587
Stop 1.35480
Limit 1.35887
Open Time (Broker Time @ UTC) 18/2/2011 06:02
LOSS (Broker Time @ UTC) 18/2/2011 06:55
Loss, channel got a false break. Reentered but with more caution. Historically my friday trading has never been good. Or maybe I should create another system purely just for fridays?
Long EUR/USD x 1
Open 1.35533
Stop 1.35428
Limit 1.35933
Open Time (Broker Time @ UTC) 18/2/2011 06:58
WIN (Broker Time @ UTC) 18/2/2011 07:47
Covered my losses and came out at +35. Very nice. Still need to learn how not to lose on fridays.
Open 1.35587
Stop 1.35480
Limit 1.35887
Open Time (Broker Time @ UTC) 18/2/2011 06:02
LOSS (Broker Time @ UTC) 18/2/2011 06:55
Loss, channel got a false break. Reentered but with more caution. Historically my friday trading has never been good. Or maybe I should create another system purely just for fridays?
Long EUR/USD x 1
Open 1.35533
Stop 1.35428
Limit 1.35933
Open Time (Broker Time @ UTC) 18/2/2011 06:58
WIN (Broker Time @ UTC) 18/2/2011 07:47
Covered my losses and came out at +35. Very nice. Still need to learn how not to lose on fridays.
- Attachments
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- eurusd major
- eurusd major.png (195.09 KiB) Viewed 3759 times
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- eurusd minor
- eurusd minor.png (189.06 KiB) Viewed 3759 times
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Giving another shot after being done with coding. Time for red rats to party?
Short EUR/USD x 3 lots
Open 1.36287
Stop 1.36394
Limit 1.36047
Open Time (Broker Time @ UTC) 18/2/2011 10:43
LOSS (Broker Time @ UTC) 18/2/2011 10:56
Short EUR/USD x 3
Open 1.36360
Stop 1.36468
Limit 1.36120
Open Time (Broker Time @ UTC) 18/2/2011 10:59
LOSS (Broker Time @ UTC) 18/2/2011 11:18
Short EUR/USD x 3
Open 1.36589
Stop 1.36697
Limit 1.36279
Open Time (Broker Time @ UTC) 18/2/2011 11:26
LOSS (Broker Time @ UTC) 18/2/2011 11:43
Bah, forget it. I need to rethink about trading fridays.
Short EUR/USD x 3 lots
Open 1.36287
Stop 1.36394
Limit 1.36047
Open Time (Broker Time @ UTC) 18/2/2011 10:43
LOSS (Broker Time @ UTC) 18/2/2011 10:56
Short EUR/USD x 3
Open 1.36360
Stop 1.36468
Limit 1.36120
Open Time (Broker Time @ UTC) 18/2/2011 10:59
LOSS (Broker Time @ UTC) 18/2/2011 11:18
Short EUR/USD x 3
Open 1.36589
Stop 1.36697
Limit 1.36279
Open Time (Broker Time @ UTC) 18/2/2011 11:26
LOSS (Broker Time @ UTC) 18/2/2011 11:43
Bah, forget it. I need to rethink about trading fridays.
- Attachments
-
- eurusd.png (196.89 KiB) Viewed 3737 times
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