Coastalfx Journal

[coastalfx]

I am about to be on an airplane headed toward Orlando FL, so I am
placing and adjusting my trades early this am. EUR/USD, was stopped
out over night for +75 pips.

We widened the Trailing Stop on USD/CHF more due to gains from yesterday.
Trailing stop on USD/CHF is now 88 pips from 70 pips.

New Order:

Buy Stop orded placed on GBP/USD @ 1.9775 with 1000 pip Stoploss and 50
pip trailing stop. (only 2% of account used with 1:50 margin standard).
No orders placed yet on USD/CAD or USD/JPY.

Have a good day,
Jackie

[coastalfx]

We had two more trades stopped out yesterday USD/JPY +27 pips.
USD/CHF for +156 pips. We will be waiting until next week to reopen
these positions.

This brings our current monthly pip total to 493!

New Trade:
USD/CAD Buy Stop at 0.9875

(2 precent of account on 50:1 margin)

Have a great weekend,
Jackie

[Andrewunknown]

Doubled your net pips for the month in two days - nice work, Jackie!

[coastalfx]

I have found that gains like that are not unusual with this trading style. It usually occurs after one of my longer term trend trades reverse. Thanks again for the encouragement.

[coastalfx]

--------------------------------------------------------------------------------

There are no new trades for today. All pairs that we don't have
a trade with are currently going against their larger daily trend.
We will wait for the larger trend to resume by looking for a daily
candle to close in the direction of the larger trend. On all four pairs
either the candle from yesterday is opposite of the trend or the candle
forming now is going in the opposite direction.

Update on current trades:

On Friday GBP/USD was stopped out for a profit of +8 pips. This brings
our total profit since this journal started to +501 pips.
Currently we have a trailing stop triggered for USD/CAD which means
we will have some profits locked in on that trade.

Have a great day,
Jackie

[coastalfx]

Unfortunately, there are still no new trade set ups. Thank goodness,
I didn't break the rules of this strategy and try to force a trade yesterday
because we would have large floating losses on each trade. We will
just be patient and wait for these candle sticks to close in the right
direction.

I do have a floating profit with my two open trades on the AUD/USD
and USD/CAD. USD/CAD, isn't far from hitting the trailing stop.

Have a great day,
Jackie

[coastalfx]

This has not been the most active week for us in Forex. I just placed
a Sell Stop order on USD/CAD at 0.9825.

Yesterday USD/CAD closed with a 20 pip profit. That is a total since the start of +521 pips.

Jackie

[uptick]

Originally Posted by coastalfx

This has not been the most active week for us in Forex. I just placed
a Sell Stop order on USD/CAD at 0.9825.

Yesterday USD/CAD closed with a 20 pip profit. That is a total since the start of +521 pips.

Jackie

haha.. for me as well. slow week.

[coastalfx]

Such a slow market this week.

This has been a week of market watching and waiting for current trends
to resume. I did just place one order.

It's a Buy Stop on GBP/USD @ 1.9825.

2% of account used with 50:1 margin. 1000 pip stop/loss and 50 pip
trailing stop.

Our Sell Stop on USD/CAD was never hit and is still in place.
Have a great weekend and let's hope for a more exciting week next week.

Take care,
Jackie

[coastalfx]

No new trades have been placed today. Buy Stop and Sell Stop is still
in place but will likely be adjusted in the next couple of days. We
are in a hold pattern waiting for the larger daily trend to move in
it's historical direction.

For the month of May we earned 521 pips and we did not even trade the
whole month so we are looking for an equally profitable month in June.
In a later email I will give some more statistics on last month's
results.

Happy Pippin,
Jackie