Closed my NZD/JPY trade for 66.2 pip gain
Ichimoku-
GBP/USD 31/1/12 Long 1.5765
Stopped out on yesterday’s trade for a loss of 54.2 pips, re entering today using a bigger stoploss
Conqueror-
GBP/USD 1/2/12 Long 1.58466
Conqueror-
EUR/AUD 2/2/12 Short 1.22764
This also hit the 55 day channel, but as ADX is still heading down does not qualify for an entry.
Yeah me either. But I do like indicators. They make analysis so much quicker.
My AUD/NZD short hit my stop for a 8.9 pip loss with the RBA not dropping rates today
Channel Trade-
AUD/JPY 7/2/12 Long 82.952
Ichimoku
EUR/USD 7/2/12 Long 1.32541
The AUD coming off the boil today has impacted my floating profit levels compared to yesterday, but overall I’m still up and not particularly concerned. Last night I had 13 open positions and all where positive, this morning I have added an extra one, but 2 are negative, by a small amount.
Ichimoku-
Eur/JPY 9/2/12 102.253 Long
My EUR/NZD short got stopped out for a 70.6 pip gain, whilst my EUR/AUD short made a loss of 61.2 pips. That I has a positive interest rate for both helped ensure overall profitability.
Channel Breakout-
CAD/JPY 10/2/12 78.032 Long
Also seeing a USD/JPY long entry, but my correlated risk is too high.
The close prior to the weekend hurt my floating profit, but upon re-opening this week it has climbed again.
New entry to market:
Conqueror-
GBP/JPY 13/2/12 122,541 Long
Exits based on Bishop:
GBP/NZD profit 643 pips
NZD/CAD profit 124.2
NZD/USD profit 327.8
Stopped out on GBP/USD for a loss of 112.5 pips
Well done mate, nice one.
Watch your Aussie longs, looks to have posted a lower high on the hourly GL
Stopped out on EUR/USD for a 140.4 pip loss
Stopped on AUD/USD for 322.7 pips gain on my Conqueror entry and 193.5 pips on my Channel entry.
Stopped on AUD/CAD for 121 pip gain.
On the 24th of this month I’ll have been using this system for 3 months, for a gain of just over 1690 pips at this point in time
Edit to include open positions in pip count
Channel breakout EUR/JPY 20/12/2012 Long 105.031
Stopped on GBP/AUD short for 337.1 pip gain
Two Conqueror trades entered today
AUD/NZD 20/02/2012 Short 1.27968
EUR/USD 20/02/2012 Long 1.32104
Two Ichimoku trades entered today:
EUR/GBP 23/02/2012 Long 0.84572
and an exotic pair
AUD/NOK 23/20/2012 Short 6.0070
After 3 months of this system my results are as follows:
The pip gains include currently open positions, and as my system never exits me at the true end of the market are not 100% reflective of what my banked pip position will be when the trades are closed.
Conqueror 28 closed trades, 3 open for a current gain of 2525.5 pips
Ichimoku 11 closed trades, 4 open for a gain of 807.7 pips
Channel trading 8 closed trades, 3 open trades for a gain of 1709.4 pips
So for me Conqueror opens the most trades, and gains the most pips, but channel trades are the most profitable on a per trade basis. My system with Ichimoku has been modified, and will hopefully see it being more profitable in future.
This gain of 5042.6 pips has seen my account increase by just under 50% in 3 months, which I am rather happy with
Well done. Shows you what a bit of discipline can do…and a decent system doesn’t hurt either 