Joe's Journal

[Joe T]

Submitted by Joe T on July 1, 2009 - 07:42.

Rich, I don't really "trade" a single timeframe here, but my decision-making is based on looking at 4H and above, with only an occasional view at the 1H.

[Joe T]

Submitted by Joe T on July 1, 2009 - 22:36.

One trade closed today:
0.2 usdjpy buy 95.50 closed at 96.29: +79 pips / +$164.09 / swap: $0.00

Realized Balance = $6,487.53

New orders filled today:
SELL 0.2 EURUSD 1.4200 / tp = 1.3800 / ts = 100
BUY 0.2 USDMXN 13.1484 / tp = 13.2500 / ts = 1232

New Pending Order placed:
BUY LIMIT 0.2 usdjpy 95.50 tp=97.50 ts=67

[Joe T]

Submitted by Joe T on July 2, 2009 - 07:45.

One active trade closed overnight:
short 0.2 usdcad position opened on 6/30 @ 1.1600 / stopped @ 1.1539 / +61 pips / +$105.73 / -$0.80 swap

Realized balance now = $6,592.46

Pending positions filled overnight:
BUY 0.5 xagusd @ 13.50 / ts = 34 / tp = 15.50
BUY 0.1 gbpusd @ 1.6350 / ts = 135 / tp = 1.6550
BUY 0.2 nzdusd @ 0.6350 / ts = 78 / tp = 0.6500

New orders submitted:
SELL LIMIT 0.2 usdcad @ 1.1600 / ts = 96 / tp = 1.0900

[Joe T]

Orders Closed Today:
0.2 eurcad shorted @ 1.6300, stopped @ 1.6263 / +37 pips / +$63.77 / -$2.20 swap
0.30 audnzd long @ 1.2400, stopped @ 1.2599 / +199 pips / +$376.29 / -$2.14 swap

Current realized balance = $7,028.18

Filled Orders Today:
SELL 0.2 usdcad @1.1600 / ts = 96 / tp = 1.0900

New Orders Placed:
SELL LIMIT 0.2 eurcad @ 1.6300 / ts = 91 / tp = 1.5950
BUY LIMIT 0.3 audnzd @ 1.2400 / ts = 81 / tp = 1.2750

[Joe T]

Orders Closed this afternoon/evening:
0.2 usdmxn long @ 13.1484; tp @ 13.2500; +1261 pips / +$153.36 / $0.00 swap
0.2 nzdusd long @ 0.6350; stopped @ 0.6272 ; -78 pips / -$156.00 / +$0.39 swap

Current realized balance: $7,025.93

New Order:
SELL LIMIT 0.2 nzdusd @0.6500; tp = 0.6300; ts = 77

New trailing stops calculated. By convention, all orders automatically get these trailing stops when calculated. (Orders are originally set with a stop loss at the level of the trailing stop when originally placed, but the EA that trails the stops will be in place to trail at current levels)

audcad = 66
audjpy = 94
audnzd = 81
audusd = 86
cadjpy = 87
chfjpy = 72
euraud = 118
eurcad = 89
eurchf = 45
eurgbp = 55
eurjpy = 108
eurusd = 98
gbpchf = 121
gbpjpy = 149
gbpusd = 130
nzdusd = 77
usdcad = 94
usdchf = 81
usdjpy = 64
usdmxn = 1,266
xagusd = 35
xauusd = 939

As always, position sizes are adjusted to account for the level of trailing stop, along with the value of a pip in relation to the deposit currency (USD), based on a 3% of realized account value per trade at the time of calculation (usually done once a week or so). in the demo account above, size is truncated to tenth of a lot. On my live account, it's rounded to the hundredth of a lot. My live account started off at about $2000 when I started this. I am trading the same as I am showing here live, except positions are smaller and I take occasional profits to preserve equity while I grow my account balance. I limit these interventions, but do take them at times to bank profits. In two weeks, the account has grown to over $2800 so far with the same money management and trading scheme as above. After a prolonged demo test, I will study whether or not there seems to be an optimum take-profit value in relation to the trailing stop. But I will let it go as is for a few months before assessing.

Still a long way to go to prove the consistency of this.

[Joe T]

Positions closed overnight:
0.1 short eurjpy @136.50 closed @ 134.75 / +175 pips / +$182.01 / swap = -$1.09
0.2 short audusd @ 0.8150 closed @ 0.7997 / +153 pips / +$306.00 / swap = -$7.15

Current realized balance = $7,505.70

Orders filled overnight:
None.

New orders placed this morning:
SELL LIMIT 0.2 audusd @0.8100; tp = 0.7950
SELL LIMIT 0.1 eurjpy @ 136.50; tp = 133.00

Happy Independence Day to all those in the U.S.!

[Joe T]

No entry last Friday evening since no positions closed, and no new orders were submitted.

This afternoon, one position closed:

0.1 gbpusd long @ 1.6350 closed @ 1.6300 / -50 pips / -$50.00 / $0.00 swap

Current realized balance = $7,455.70

New orders submitted:
SELL LIMIT 0.1 gbpchf 1.8000 / tp = 1.7250 / ts = 121
BUY LIMIT 0.1 gbpusd 1.5600 / tp = 1.6650 / ts =130


Over the weekend I did my re-evaluations and made the following order modifications:
audcad buy limit - now @ 0.8950
audjpy buy limit now @75.50, and tp now @ 78.50
audjpy sell limit now at 78.50 and tp now @ 75.50
audusd buy limit now @ 0.7950 and tp now @ 0.8100
cadjpy sell limit now @ 88.00
euraud sell limit now @ 1.7600
euraud buy limit tp now @ 1.7600
eurcad buy limit now @ 1.5450
eurchf sell limit now @ 1.5350
eurchf buy limit now @ 1.5050
eurjpy buy limit now @ 133.00
eurusd buy limit now @ 1.3850
eurusd open short order tp now @ 1.3850
gbpchf buy limit now @ 1.7250 and tp now @ 1.8000
gbpjpy buy limit now @ 153.50 and tp now @ 159.50
gbpjpy sell limit now @ 159.50 and tp now @ 153.50
gbpusd sell limit now @ 1.6700 and tp now @ 1.6300
usdchf buy limit tp now @ 1.0900
usdchf sell limit now @ 1.0900
usdmxn sell limit now @ 13.4000 and tp now @ 13.1000
xauusd buy limit now @ 920.00

All set for the week now. We'll see what happens!

[Joe T]

Some activity tonight already:

No positions closed.

Opened orders:
buy 0.20 audjpy 75.50 tp=78.50 ts=94
buy 0.2 audusd 0.7450 tp=0.8100 ts=86
sell 0.2 euraud 1.7600 tp=1.7100 ts=118
buy eurjpy 133.00 tp=136.50 ts=108
buy 0.20 usdjpy 95.50 tp=97.50 ts=64

New order:
BUY STOP 0.2 cadjpy 82.60 tp=87.50 ts=87

[Joe T]

Little setback overnight. This has happened before, so we'll see whether or not things bounce back:

CLOSED POSITIONS:
long eurjpy @133.00, closed @ 132.66 / -34 pips / -$35.70 / $0.00 swap
long audjpy @ 75.50, closed @ 75.14 / -36 pips / -$75.68 / $0.00 swap
long xagusd @ 13.50, closed @ 13.16 / -34 pips / -$170.00 / -$0.40 swap
short usdcad @ 1.1600 / 1.1661 / -61 pips / -$104.62 / -$1.60 swap

Current realized balance = $7,067.70

ORDERS PLACED:
BUY STOP 0.1 eurjpy 133.00 / tp=136.50 / ts = 108
BUY LIMIT 0.1 eurjpy 130.00 / tp=136.50 / ts = 108
BUY LIMIT 0.1 audjpytp = 75.00 / tp=78.50 / ts = 94
BUY STOP 0.5 xagusd 13.71 / tp = 15.50 / ts = 35
SELL STOP 0.2 usdcad 1.1610 / tp = 1.0900 / ts = 94
SELL LIMIT 0.2 usdcad 1.2900 / tp = 1.0900 / ts = 94

OPENED ORDERS:
BUY 0.2 CHFJPY @87.50 / tp = 90.50 / ts = 72
BUY 0.1 GBPJPY 153.50 / tp = 159.50 / ts = 149
SELL 0.2 USDCHF 1.0900 / tp = 1.0650 / ts = 81

[Joe T]

TODAY'S CLOSED POSITIONS:
long usdjpy @95.50, closed @ 94.96 / -54 pips / -$113.73 / $0.00 swap
long chfjpy @ 87.50, closed @ 86.90 / -60 pips / -$126.48 / $0.00 swap
short eurusd @ 1.4200, closed @ 1.3978 / +222 pips / +$444.00 / -$2.21 swap

Current realized balance = $7,269.28

ORDERS PLACED:
SELL LIMIT 0.2 eurusd 1.4150 / tp=1.3850 / ts = 98
BUY STOP 0.1 gbpusd 1.6300 / tp=1.6650 / ts = 130

OPENED ORDERS:
BUY 0.1 eurJPY @133.00 / tp = 136.50 / ts = 108
SELL 0.2 USDCAD 1.1.1610 / tp = 1.0900 / ts = 94