JCP's Journal

[JCP]

10/08/09 / GBPUSD / 1 Hour Timeframe / 21:00 PST / Buy at 1.6011 / 10k lot / Closed at 1.5996 / Loss -15 PIP ($15)
10/08/09 / GBPUSD / 1 Hour Timeframe / 20:00 PST / Buy at 1.6007 / 10k lot / Closed at 1.6003 / Loss -4 PIP ($4)
10/09/09 / GBPUSD / 1 Hour Timeframe / 06:00 PST / Buy at 1.5870 / 10k lot / Closed at 1.5830 / Loss -40 PIP ($40)

Account Balance = $6,430

[JCP]

10/12/09 / GBPUSD / 1 Hour Timeframe / 15:30 PST / Buy at 1.5795 / 10k lot / Closed at 1.5795 / Loss 0 PIP
OPEN POSITION 10/12/09 / GBPUSD / 1 Hour Timeframe / 19:40 PST / Buy at 1.5770 / 10k lot

Account Balance = $6,430

[JCP]

I am back after some time away. Due to a recent job loss I had to liquidate most of my account in October, and managed to keep $1000.

Starting November 9, 2009, I began trading again with an evolved strategy. Currently the strategy consists of 13 Phases that will take about 3.5 years to complete, of course this is continuously evolving as the strategy develops. I am tracking and recording screen shots of most of my trades. I am currently almost halfway through Phase 1 at $1,402.00.

I will expand on my strategy and Phases as I continue logging my process in this forum.

It's good to be back, and I look forward to being part of this forum again.

JCP

[JCP]

I'm back, again, after even more time away.

I am going to work on keeping this journal up again. My strategy, or I guess I should now call it a method has evolved even further. The psychology aspect of trading has started to sink in, and I feel I have a grasp of how to become consistent. I have still been trading on a regular basis, but have been going back and forth in the win/loss column. I am currently about break even, up about 1% or so. I will most likely only be placing a few trades a week. Below is a brief overview of my approach.

I will be trading just about any pair available. Most of my trades will be based off of daily and weekly charts. I will use smaller time frames on occasion for a more precise purchase point. The only indicators I will use are the 200 and 65 SMAs and the MACD. I will be using support and resistance as well as price action as my main source for determining trades. I want to keep it as simple as possible.

I have gained so much knowledge from this site and others like it, I hope I will be able to contribute something as well.

Thanks,

JCP

[JCP]

Currently on my watchlist is EURUSD. I will look to short if it hits the 3450 area. I look to go long at 3000 - 3100 area.

[JCP]

Here's a look at where I look to enter a short if it retraces to this level anytime soon.

[JCP]

AUDCAD, looking for a breakout and retrace back to trend line.

[JCP]

USDJPY, waiting for pullback to 91.20 area

[Traveller]

Hi JCP,

well done, I'm on your side for all 3 charts, although a bit cautious now about EURUSD with its troubles recent days.

[JCP]

Hi Traveller,

Agree on EURUSD, we'll see what happens next week.