Ok, Im starting this thread to finally discipline myself. I will show the trades taken on my real account with micro (0.01) lots. Got a busy life, job, gym, friends, oh and also sleep so probably 5-8 trades a week at most.
All Times are GMT+1, my server time.
Trading Pairs: EUR/USD, GBP/USD, USD/JPY. EUR/JPY
THE RULES:
Trading method: 1) TRO SR RR (21)
Situation A) Breakout: H1 timeframe: when Support/Resistance of the last 21 bars is broken- take the trade.
S/L= 1-2 pips above/below M15 bar that broke the SUP/RES
TP= whatever I can, 5 pips+
Situation B) Reversal: Enter at the trigger lines. Use M15/M30, if candle opens beyond trigger lines, go to H1.
SL= 2 pips below SUP/RES
TP= at least ? of SL, 5-9 pips.
Trading Method 2) TRO SR TRAIL
10 pip trigger
Trade ONLY with H1
SL= 1-2 pips below high/low
TP= at least 7-8 pips +
(Note: rarely get the chance to be there to take the trade)
If successful, will enhance by trading 0.03 lot. Will be taking 2/3rds at TP1, and leaving the 1/3 on the table to for TP2= 15-20 pips+.
Trading TRO SR RR style
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I just CAN NOT believe this. Picked wednesday as my day to work out and thus miss all the good trades, and MOST potential ones played out very well as I analysed the history later on, but I wasnt there to tak them.
Today is thursday, Im trading, waiting for opportunities. And it turns out to be NOT such a good one. But still in overall "profit" , hah.
Anyway, TRADE N#2 USD/JPY -14 pips
SUP breakout at 95.12. Price touched my entry and did not move not 1 pips in my favour may consider placing orders at 2 pips beyond SUP/RES. But USD/JPY is not volatile enough, it only provides good SR_Trail Opportunities, so will stick to that.
Also, this trade was at the VERY Low of the week, and the weeks range was very considerable. need to watch out for trades at the end of week as there may not be enough steam left for a prper break out to happen.
Today is thursday, Im trading, waiting for opportunities. And it turns out to be NOT such a good one. But still in overall "profit" , hah.
Anyway, TRADE N#2 USD/JPY -14 pips
SUP breakout at 95.12. Price touched my entry and did not move not 1 pips in my favour may consider placing orders at 2 pips beyond SUP/RES. But USD/JPY is not volatile enough, it only provides good SR_Trail Opportunities, so will stick to that.
Also, this trade was at the VERY Low of the week, and the weeks range was very considerable. need to watch out for trades at the end of week as there may not be enough steam left for a prper break out to happen.
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TRADE N# 3 ; + 8 pips
2009.05.12 @ 12:34
GBP/USD breakout. SELL at 1.5082, TP at 1.5074.
my BASTARD FX bandit filled me in 3 pips later, my order was at 1.5085. "slippage". but when it comes to TP, their execution is impeccable ! Price jumped to 1.5066, but, of course, filled at the "right" price 5074... rrrg ! this trade could have earned double amount of pips. oh well, tough !
will have to stop trading for today, prices are too jumpy on all pairs, and I dont want lose pips because of "slippage".
might stay away on friday, I would like to end my week with TRO's indicator with profit, which is at the moment = 1 pip or 3 euro cents
2009.05.12 @ 12:34
GBP/USD breakout. SELL at 1.5082, TP at 1.5074.
my BASTARD FX bandit filled me in 3 pips later, my order was at 1.5085. "slippage". but when it comes to TP, their execution is impeccable ! Price jumped to 1.5066, but, of course, filled at the "right" price 5074... rrrg ! this trade could have earned double amount of pips. oh well, tough !
will have to stop trading for today, prices are too jumpy on all pairs, and I dont want lose pips because of "slippage".
might stay away on friday, I would like to end my week with TRO's indicator with profit, which is at the moment = 1 pip or 3 euro cents
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- TheRumpledOne
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Good work,
I like the horizontal lines you have there.
Nice.
I like the horizontal lines you have there.
Nice.
#1BODY in direction of profit #2INCREASE lot size Obsessively
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
My Losses cause me Great Laughter!
Trading Bible here> therumpledone/the-ideas-that-i-trade-by-t3256/page1670
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Another day, another pip. Good start of the week
TRADE N#4; +5 pips
2009.05.18 @ 10:18
GBP/USD breakout. BUY at 1.5203, TP at 1.5208
Price went another 20 pips before I even started typing this!
TRADE N#4; +5 pips
2009.05.18 @ 10:18
GBP/USD breakout. BUY at 1.5203, TP at 1.5208
Price went another 20 pips before I even started typing this!
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TRADE N#5; +6 pips
2009.05.18 @ 10:18
USD/JPY reversal on D1. BUY at 95.37, TP at 95.43. Decided for longer- term trade, with bigger risk and bigger reward. But grabbed the quick profit. Price went another 50 pips which could have been mine. But they are NOT.
Wait for next opportunity.
2009.05.18 @ 10:18
USD/JPY reversal on D1. BUY at 95.37, TP at 95.43. Decided for longer- term trade, with bigger risk and bigger reward. But grabbed the quick profit. Price went another 50 pips which could have been mine. But they are NOT.
Wait for next opportunity.
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