Jump to content

Welcome to the new Traders Laboratory! Please bear with us as we finish the migration over the next few days. If you find any issues, want to leave feedback, get in touch with us, or offer suggestions please post to the Support forum here.

  • Welcome Guests

    Welcome. You are currently viewing the forum as a guest which does not give you access to all the great features at Traders Laboratory such as interacting with members, access to all forums, downloading attachments, and eligibility to win free giveaways. Registration is fast, simple and absolutely free. Create a FREE Traders Laboratory account here.

1pipatatime

It's Just a Game

Recommended Posts

I have decided to keep a journal here of my trading results.

 

I will be trading the GBP/USD pair.

 

My method for this game is based on scalping.

 

I am trading with a good friend and we are doing this basically for a bit of a laugh, to see what can be accomplished with this system that we have started using.

 

I will be posting results after the trades are complete as I will be focused on the trades.

 

All trades will be posted in GMT and in USD.

 

And yes these trades are live trades.

 

Today we decided to start off with 1 mini contract.

 

Margin used for this was $23.47 USD giving us $1 USD per pip.

 

Trade 1

 

Entered long at 02:28 hrs at 1.69529

Exited at 1.69755 for a profit of 22.6 pips or $22.60 USD

 

Trade 2 (this trade was against the trend)

 

Entered short at 02:57 hrs at 1.69621

Exited at 1.69608 for a profit of 1.3 pips or $1.30 USD (thats a big trade lol)

 

Total profit for the day was 23.9 pips or $23.90 USD

 

Trading for the day was stopped due to a death in the family.

 

Will be back trading tomorrow.

 

cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Sorry for not posting but I went place's asking questions about the purpose of life etc after my uncles death, (he was a father figure as my real father left when I was a young lad).

 

Got back into it tonight and traded a modified version of the system and here are the results.

 

DEAL Closing trades 25/08/09 Spot FX GBP/USD - 1.63981 $ +10 1.64268 $2,870.00 being 28.7 points

DEAL Closing trades 25/08/09 Spot FX GBP/USD - 1.63941 $ -10 1.63938 $30.00 being .3 points

DEAL Closing trades 25/08/09 Spot FX GBP/USD - 1.6382 $ +10 1.63955 $1,350.00 being 13.5 points

DEAL Closing trades 25/08/09 Spot FX GBP/USD - 1.63941 $ -10 1.63746 $1,950.00 19.5 points

 

For a total of 62 points

 

This was just a practise run to get back in the groove after so long.

 

Will be at it tomorrow.

 

Cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Thanks for your message JBWTrader.

 

Back to business re-configured the trailing stop technique which kept me in the trades alot longer (better managed trades), also added a new technique to identify the trend which strengthened the entry system and the results down below show that the system is producing better and safer results.

 

 

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.63294 $ -10 1.63059 $2,350.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.63187 $ -10 1.63233 $-460.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.63207 $ -10 1.62881 $3,260.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.62884 $ -10 1.62466 $4,180.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.62569 $ -10 1.62551 $180.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.62587 $ -10 1.62395 $1,920.00

DEAL Closing trades 26/08/09 Spot FX GBP/USD - 1.62529 $ -10 1.61837 $6,920.00

 

For a total of 183.5 points bloody hell didn't realise it was that much, I was just focusing on executing the system to the letter instead of over thinking and judging the system. Cool.

 

 

Will be teaming up with my trading buddy tomorrow and aligning on a new game and will share the game plan when finalized.

 

When designing the new techniques I found myself being attached to doing it my way and was only able to let go of this point of view by anwsering the following questions;

 

What is it that has me stuck in this situation?

What do I have to let go of to move forward with my trading?

What do I have to take on to have this endeavor become successful?

What are my strengths as a trader?

What are my weaknesses as a trader?

What worked with the trade?

What didn't work with the trade?

What can I do to strengthen the trading system?

 

I think that was all the questions I asked of myself, If I remember that there was more I will post them here later on.

 

I'm pleased with the results tonight and hope they continue.

 

Cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Sorry for not posting after trading last night but got side tracked with skype conversation.

 

Only did 2 trades last night as the trading platform crashed and as above got into a who your being conversation.

 

DEAL Closing trades 27/08/09 Spot FX GBP/USD - 1.61977 $ -10 1.61815 $1,620.00

DEAL Closing trades 27/08/09 Spot FX GBP/USD - 1.61831 $ -10 1.61731 $1,000.00

 

For a total of 26.2 points unfortunately, need to keep focused on the game at hand.

 

Got into a conversation about trend and started over thinking again and when I looked back went oh bugger.

 

Will post tonights trades and possibly the game the two of us are going to play, might post the later tomorrow when I have more time will see.

 

Cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Very tempting to start over thinking again but presenced myself to the indicators and worked the system.

 

Trading results for the night

 

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.63294 $ 10 1.62705 $1,760.00

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.62765 $ 10 1.63051 $2,760.00

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.62819 $ -10 1.62821 $-20.00

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.62790 $ 10 1.63233 $4,430.00

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.63040 $ 10 1.63255 $2,150.00

DEAL Closing trades 28/08/09 Spot FX GBP/USD - 1.63259 $ 10 1.63300 $410.00

 

For a total of 114.9 points.

 

Trade 3 was a stupid thing as I went against the trend and was very lucky to get out only .2 pips down.

 

Had enough for the night and will be back Monday to start the game off next week.

 

Our aim is to make 100 points a day and after each 100 point target has been reached we intend to double the amount of contracts starting with 1 standard contract.

 

After we have achieved our goals of averaging 100 points a day for 2 weeks we are going to reward ourselves with a holiday drinking black russians by the pool and may be a bit of sight seeing.

 

cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Hi everyone just to let you know where I'm at,

 

I have not run away or anything but I noticed the system I was using had a flaw in it so I have been working on correcting the flaw and have been back testing the sytem and also live testing the adjustments to the system and will be posting here again soon.

 

I hope everyone is doing fine and trading well.

 

cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Hello, 1pipatatime, i'm new to the forum and trading. I just stumbled across your thread today and think it's great. Great to know you haven't vanished. Thanks for starting this. Welcome back and i look forward to seeing more from you :)

Share this post


Link to post
Share on other sites

Hi Everyone,

 

I have been enrolled in starting a private group in the invite only section, I can only guide a few people at a time as trading is not only about having a trading system that works but also preparing your mindset for trading as well.

 

The trading system that I use is complicated unless it can be shown and explained in person and then after a few weeks or so (depending on the individual) it becomes more simple.

 

So I wont be explaining how my system works here on this thread.

 

The people in this group have been shown how the system works and once they don't need my support anymore I may take on a few more if I feel up to it.

 

I hope you may learn something from this thread and feel free to ask questions and I will answer them if I can.

 

I will start posting my results again soon I'm just having a little break after a busy few month's.

 

I may post some of the material that comes up from the other thread (pyschology wise) but only with the other person's agreement.

 

P.S I'm not looking for people to teach as I have enough people knocking on my door already, so please don't be offended if I say sorry I'm too busy at the moment.

 

Cheers

 

1pipatatime

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Topics

  • Posts

    • NFLX Netflix stock, watch for a top of range breakout at https://stockconsultant.com/?NFLX
    • SMCI Super Micro Computer stock watch, attempting to move higher off the 34.06 support area at https://stockconsultant.com/?SMCI        
    • UPST Upstart stock watch, pull back to 68.15 gap support area at https://stockconsultant.com/?UPST  
    • Why not to simply connect you account to myfxbook which will collect all this data automatically for you? The process you described looks tedious and a bit obsolete but may work for you though.
    • The big breakthrough with AI right now is “natural language computing.”   Meaning, you can speak in natural language to a computer and it can go through huge data sets, make sense out of them, and speak back to you in natural language.   That alone is a huge breakthrough.   The next leg? AI agents. Where they don’t just speak back to you.   They take action. Here’s the definition I like best: an AI agent is an autonomous system that uses tools, memory, and context to accomplish goals that require multiple steps.   Everything from simple tasks (analyzing web traffic) to more complex goals (building executive briefings or optimizing websites).   They can:   > Reason across multiple steps.   >Use tools like a real assistant (Excel spreadsheets, budgeting apps, search engines, etc.)   > Remember things.   And AI agents are not islands. They talk to other agents.   They can collaborate. Specialized agents that excel at narrow tasks can communicate and amplify one another’s strengths—whether it’s reasoning, data processing, or real-time monitoring.   What it Looks Like You wake up one morning, drink your coffee, and tell your AI agent, “I need to save $500 a month.”   It gets to work.   First, it finds all your recurring subscriptions. Turns out you’re paying $8.99 for a streaming service you forgot you had.   It cancels it. Then it calls your internet provider, negotiates a lower bill, and saves you another $40. Finally, it finds you car insurance that’s $200 cheaper per year.   What used to take you hours—digging through statements, talking to customer service reps on hold for an hour, comparing plans—is done while you’re scrolling Twitter.   Another example: one agent tracks your home maintenance needs and gets information from a local weather-monitoring agent. Result: "Rain forecast next week - should we schedule gutter cleaning now?"   Another: an AI agent will plan your vacations (“Book me a week in Italy for under $2,000”), find the cheapest flights, and sort out hotels with a view.   It’ll remind you to pay bills, schedule doctor’s appointments, and track expenses so you’re not wondering where your paycheck went every month.   The old world gave you tools—Excel spreadsheets, search engines, budgeting apps. The new world gives you agents who do the work for you.   Don’t Get Too Scared (or Excited) Yet William Gibson famously said: "The future is already here – it's just not evenly distributed."   AI agents will distribute it. For decades, the tools that billionaires and corporations used to get ahead—personal assistants, financial advisors, lawyers—were out of reach for regular people.   AI agents could change that.   BUT, remember…   We’re in inning one.   AI agents have a ways to go.   They’re imperfect. They mess up. They need more defenses to get ready for prime time.   To be sure, AI is powerful, but it’s not a miracle worker. It’s great at helping humans solve problems, but it’s not going to replace all jobs overnight.   Instead of fearing AI, think of it as a tool to A.] save you time on boring stuff and B.] amplify what you’re already good at. Right now is the BEST time to start experimenting. It’s also the best time to find investments that will “make AI work for you”. Author: Chris Campbell (AltucherConfidential)   Profits from free accurate cryptos signals: https://www.predictmag.com/     
×
×
  • Create New...

Important Information

By using this site, you agree to our Terms of Use.