Dons trading journal GBP/USD

[torero 10]

Don, are you short on 2 positions?

[Don4 10]

Yea,there from technical side prob not the smartest thing to do but i have to follow the signals that my system gives me.

[Don4 10]

Or,fundimentals:D

[Don4 10]

Torero, did u see those numbers for the ADP Nonfarm Employment Change!!!

[Don4 10]

This mornings trade was stopped out for -2%.Yesterdays trade is stilll running looking for a TP of 1.9710.

[Don4 10]

Tuesdays trade is still in hasnt been stopped out yet, not alot going on might have my first hedge in the morning!!Who knows!!

[Don4 10]

ok well this morning my system gave me another sig to short so i doubled up once again this time it payed off both TP hit. +8%

[Don4 10]

Since im done for the day, i figured i would give some thoughts on this weeks trading so far. Monday started of slow with no trades taken.Tue had a sell signal so entered short hoping there would be a pullback to TP level.Late that evening it came within 7pips of take profit,but it didnt happen.So this would be the first trade that carried into the next day.Wed With tuesday short still running.My next sig is another short, im thinking in my head this isnt the smartest thing to do. But,i had to trust my system and enter another short position (with different ST and TP) it was looking good for a while again it made it down to 7pips from TP on tuesday trade,then exploded up taking out my Stop for wed trade, so now im thinking this is serious support, wow 2 times in a row it made it down to 1.9717 and 2 times it couldnt push through the support!! Today Woke up this morning with tue trade still running and again another signal to sell now at this point im thinking this really isnt very smart, 2 times it couldnt push through support and im entering against the daily trend. 1 time u can get away with it 2 times your pushing your luck but 3 times in a row entering against the trend!!!! Well i just bit my tounge,even though it was against what i learned over the past 2 1/2 years,I had to trust in my system, so with a TP for todays trade at 1.9687 again i doubled up on Tuesday trade against the daily trend!!!! And the end results was TP hit on both trades,Once it pushed down through support it was just a matter of time.

[torero 10]

Nicely done! Stuck to your guns and you got the rewards as expected. Keep it up, Don!

[Don4 10]

Went long this morning,stoped out -2%. Pretty good week over all entered 4 trades.won 2 lost 2,total 4% for the week.

[Don4 10]

Im finding out commision is starting to add up quick,for todays trade i was playing around to figure in the commision with the 2% loss so it will be a true 2% loss. I was a little off this morning even though i entered in at 1 pip better than predicted:D So for now on thats what ill do!! This is a work in progress.Still playing around with the numbers.

[Don4 10]

Here is my max drawdown sheet

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1230&stc=1&d=1175906702

MaxDrawdown.xls

[Don4 10]

Total pips since start 209

[torero 10]

Don, how is your slippage so far? Have you done comparison how the system vs. real price bought or sold?

[Don4 10]

Torero, I have not noticed any slippage up to this point,but since i cannot view my order history(Server Error)i could be wrong. As soon as i find out for sure i'll let u know. I would like to thank you for following along with me and keeping me on track, your help is greatly appreciated!!

[torero 10]

You're doing good, on track and on target. Just keep going!

[Don4 10]

Went long this morning looking for a TP around 1.9660. Didnt happen stoped out -2%.

[Don4 10]

Finally got my internet connection back after about 20 hrs downtime:eek: so there was no trades today!!

[Don4 10]

Im short this morning with TP at 1.9702.

[Don4 10]

Though im still in this trade looking at some price action it is a good possability that it could be stopped out. But got to stick to my guns!!

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1254&stc=1&d=1176305492

[Don4 10]

Hopefully the break of the trend will add a little life to my short position!!

 

 

http://www.traderslaboratory.com/forums/attachment.php?attachmentid=1257&stc=1&d=1176316541

[Don4 10]

Yesterdays position still active, this morning i had another signal to short, so first TP is 1.9702 and second is 1.9691.

[Don4 10]

Both positions stoped out -4%. Ok 4 losses in a row as expected no big suprise this happened many times in backtesting. Just got to stick with it. Im just happy that im still up some during these rangy conditions.

 

 

Total pips- +135

[torero 10]

Stick with it, Don. You're doing good. Hang in there.

[Don4 10]

Thanks torero! Good news EFX finally released some free charting for there platform, through intellicharts its only basic charting but im not complaning:)

IntelliChart