Forex Strategies Forum

[Frederic]

Hello,

I've been trading Teodosi's simple system for a while yet still overlooked the requirement to keep a trade journal.
I'm going to post every trade here, with a picture of the 1H, 4H, 1D timeframes I saw on my screen whenever I entered the trade.
I hope I'll keep up because from what I see only a few people maintain a journal here and usually abandon it after a couple of unsuccessful trades.

OK so I entered GBP/JPY long @134.53 SL:100/TP:100
The 1H timeframe seemed to indicate an entry signal although I have a bad feeling about it since other timeframes seem to indicate a rather strong downtrend.

[Rom]

I follow your trade on demo

1. Buy limit price 134.95 Lots 0.1 SL 133.59 TP 135.72
2. Buy limit price 134.95 Lots 0.1 SL 133.93 TP 135.45
3. Buy limit price134.95 Lots 0.1 SL 134.27 TP 135.20

Risk = $303 according to my script

(BTW, you gave me an idea. I could change the script so that it produces
trade data as a text that is put into clipboard. Then the text can be
pasted into a text file, and when doing that trader can immediately
state an explanation for why trade is taken. Everything can be saved in
a computer readable text file format. Afterwards another program may
create reports and statististics)

[Rom]

Correction
1. Buy stop price 134.95 Lots 0.1 SL 133.59 TP 135.72
2. Buy stop price 134.95 Lots 0.1 SL 133.93 TP 135.45
3. Buy stop price134.95 Lots 0.1 SL 134.27 TP 135.20

[Frederic]

Profit taken! 100 PIPS on a standard lot so I made $1103.27 gross profit (paid swap of $4.23 on this overnight trade so net is bit less)
Am now waiting for the next entry conditions.

[Rom]

1. Buy stop price 134.95 Lots 0.1 SL 133.59 TP 135.72 => P&L $78.90
2. Buy stop price 134.95 Lots 0.1 SL 133.93 TP 135.45 => P&L -113.94
3. Buy stop price134.95 Lots 0.1 SL 134.27 TP 135.20 => P&L $27.76
-----------------------------------------------------------------------------------
Sum P&L -$7.28

[Frederic]

sell 1 standard lot 135.49 TP/SL : 134.49/136.49
I entered because on the H1 both RSI & Stoch were in overbought state and after a doji there was a downcandle at half the last upcandle.
H4 seems strongly bearish too, but D1 seems undecided.

[Edward Revy]

Welcome, Frederic

I hope the journal will help you to make a good summary of your trades and performance & also allow other traders to experience Teodosi system through your reports.

Happy Trading!

[Frederic]

Welcome, Frederic

I hope the journal will help you to make a good summary of your trades and performance & also allow other traders to experience Teodosi system through your reports.

Happy Trading!

Thanks Edward.
Here is the result of last trade: unfortunately it's a loss: S/L hit -100 PIPS
Apparently I just logged on too late and missed a possible sell entry. Have to wait.

[Frederic]

I didn't trade on Friday as I had to go somewhere.
From what I see it would have been a losing trade anyway.
There seems to be a strong uptrend in the GBP/JPY pair.

[Frederic]

Hello, new week, first trade of the week:

buy 1 lot @ 136.59 SL/TP 100 PIPS

Notice how I could have had a profitable trade according to the system had I logged on a few hours earlier but hey I need to have a life too...