Teodosi's Simple System

[Frederic]

Entered a trade but the price soared up again just after I did. Am already minus 34 PIPS

[Frederic]

In the following snapshots you can see last trade was a loss. -100 PIPS SL hit
And I had an entry signal for a short trade. Nevertheless there is a very strong uptrend so I'm almost sure it will be another misser.

[Frederic]

I took profit manually (15 PIPS)
I know it is going against the system I'm trading but I already had a strong feeling that there was an upward trend. Moreover, after drawing a channel it confirmed the upward trend so strongly that I prefered to just take profit. So was it emotion? Common sense? I dunno. Time will tell in case I could have made the usual 100 PIPS with this trade despite the odds.

[Frederic]

New trade.
Buy 137.48 TP/SL 100 PIPS

[Frederic]

Profit taken

I did not enter the short trade as the system would have told me to because of the strong uptrend.
Macro-economic conditions are bearish on the JPY.
I'm waiting for the next round up for a long position.

[Frederic]

Entered a long trade last night but postponed my journal post for it to now, with profit already taken.
Will post all screenshots in one post here. Am again going to wait for the next long trade and skip the current possible short one to enter when the Stoch & RSI will display oversold because of the ongoing strong uptrend. Last time I didn't regret doing so.

[Frederic]

Hello, sorry for the inactivity these days but was a bit busy and not at home.
Here is next trade.

[Frederic]

Profit taken (100 PIPS)
Next trade long 142.65
Daily + H4 seem overbought though.

[Frederic]

Stoploss hit. The uptrend seems to have come to an end.
I nevertheless entered a long trade according to the system.
I unfortunately missed the short trade that would have been profitable but hey I can't live in front of my comp 24/7

[Frederic]

Profit taken, wow that was fast.