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Old 02-16-2012, 09:36 AM   #49

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gj

GBPJPY - good area (MQ+62% retr+Harm.Pattern+PPZ) entered short today on doji @123.00, stopped out full loss -75 pips, well, it had to be taken.
Another entry touch trade @123.72 SL208pip
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Old 02-23-2012, 12:54 AM   #50

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results

GBPJPY short from 12372 loss-208pips, short from 12559 still on, short from 12668 still on SL=BE.

GBPUSD short@ 1.5768 closed +30pips only

USDCAD long@1.0050 closed +80pips, long @9975 loss -45pips
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Old 02-23-2012, 01:01 AM   #51

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new orders JPY

Both GBPJPY and USDJPY look good to short.
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Old 02-28-2012, 07:41 AM   #52

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feb 28 update

CAD long @9950 stopped at BE+7

GBPJPY short @ 125.59 stopped -62pips, short@126.68 stopped +26 pips
Short@ 125.46 was interesting: as soon as the trade went on I've realized I'm wrong, this time the breakout might be real, so I manually closed trade at BE, and went long @126.27 with SL125.31, triple the normal position size, closed +202 pips.

USDJPY similar situation, 1st short @79.88 stopped out -51pips, 2nd short@80.14 closed @ BE.
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Old 02-28-2012, 07:49 AM   #53

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money management / risk-reward strategy change

After backtesting, I came to conclusion. I am changing the fractional % risk to fixed dollar amount risk following the simple formula:
fixed dollar amount risk / SL pips / pip value.

I will use it grading the trades into: high risk - low dollars amount, medium risk - medium dollar amount, low risk - high dollar amount.

The dollar amount is discretionary and it should be proportional to the size of account, meaning: use a fraction of an account larger than 10%.

Last edited by SpecTrade; 02-28-2012 at 08:05 AM. Reason: explanation
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Old 02-28-2012, 07:59 AM   #54

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new entries eur, aud, cad

EUR short@ 1.3389 SL 1.3570, 1.3516 - touch trade high risk

AUD long order@1.0788 SL:1.0627

USDCAD short order@1.0006 SL:1.0055 - but probably will cancel it if it moves down the amount of pips x2 risked without a retrace.
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Old 03-05-2012, 02:01 PM   #55

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GBP

GBPUSD short on pin bar @1.5940 & 1.5888 - delay of my updates - trades from march 3rd. I was too greedy to take RR1:2 profit on the 1st trade, now it seems to be going back.
Also, if GBP froms a pin bar today I will place long trade orders.
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Old 04-03-2012, 02:27 PM   #56

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Update

I cannot find time to get all up to date on my journal here. I'm during the renovation of my apartment before my 1st kid arrives to this world. The tiles' work should be done in 1 week, or so they told me, now it has been over a month and it's still a mess. Then there will be carpenters. What a mess and dust at home!
I still put trades, but just not that many, since I need peace and quiet. I could go to a coffee shop, but every time I leave the workers they make some mistake.

When I finally have time, I will update all my trades that were opened during that time.
I am in DD now, but no fear, I'm coming out of it. Strategy wasn't the problem. the problem was that I traded a completely new idea with real money on 4 pairs. Yeah, but that's me: after I started trading life I have no patience to forward test a new strategy.

Good trading!
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