Last three months I’ve only been buying EUR/GBP…
Friends,
After having a week’s wait with patience, I closed my Trade 15 (Long EUR/GBP) from Post # 205,234 & 240 without much gains. Initially the TP was at 1.8148 and later it was brought down to 0.8100. But there was no benefits for my adjustments as the price went down forming a nice bearish candle and pointing stochastic towards south. So I closed the trade just gaining 10 pips at 0.8038.
This trade earned me 10 pips and increase my account balance by 0.3%. Now the balance is increased to $ 3772.94 from $ 3760.05.
BIJOY
Friends,
Yes. another happy 150 pips.
My trade 16 (Long GBP/JPY) from Post # 228, 238 & 239 is closed by hitting the extended TP at 129.10. Initially the TP was at 128.80 and later it was extended to 129.10. The adjustments worked well and price hit TP with a big bang.
This trade earned me 150 pips and increased my account by 5.5%. Now the balance is increased to $ 3942.18 from $ 3772.94.
Guys…Be happy with me in this huge win.
I think, I did something better in the month of October as my balance is increased to $ 3942.18 from $ 3035.00. Increase in the account for the month of October was 29.89%.
I am Happy. Celebrate with me…
I will be back with my monthly review
BIJOY
Great work dude …! I hope you will continue with same success story in coming month :59:
Let’s enjoy this moment with
Bijoy, well done and keep up the good work!
hi bro’s…i am very happy to join in this journal…
i cant say much about my story…but , we together can say the effort of Mr.BIJOY’s.
my Hartley congratulations BIJOY…and thanks for ur concern…
i need to tell one thing about Mr.BIJOY…
exactly i week back…i have received a message from BIJOY …in that there is only one line…
"MY FRIEND …WHERE R U? HAVE U SEEN MY JOURNAL? "…THATS IT.
HERE WHAT I WANT TO TELL YOU IS…
nearly 5 months back…i have participated in trade of the week contest…where i have post my idea…but its totally wrong…
then BIJOY tell me the reason why …so i was impressed and send him a friend request…
he added me as a friend…later i was messed with another people and and some of threads…
i totally forgotten about him…
and yesterday…i have asked him…that where he is from?
and i mentioned why i am asking…coz i have forgotten that…
he replied me and at the end of the message…i found that…
“i dint forget where u r from…i think u r from…*****”
i was just shocked…my goodness …he still remember me…
there is no need for him to send a message to me…but he remember me…for that i am very very happy…
up to last week i think that i am a good trader and who can gain minimum 200 per month…and for that 200 pips i spen most of the day in front of my system…
even though i am happy for my effort…
when i come to see his performance…i found that i am doing over trading…its a drawback…but i am thinking as it is my effort…
now i changed my mind…(not only by this journal…i am also fallowing some other threads…but this journal make more sense to me…)
i think i cant stop typing about **********
finally what i want to tell u is…thanks to my JOY…BIJOY…
great work dear bijoy ,
this is the result for your hard work ,keep it up bro. god bless u ,
hi friends…this is my first set up in this month…i got a good profit…of $100
my entry points are 0.8040 and exit is at 0.8006
in the daily chart …i found a bearish engulfing bar…at a previous R|S level…but that level is not convincing…on daily chart…
o i shifted to H4 hart…and there at the same level i got nie 2 bar reversal signal…with nice target area…
Friends,
Here is a review of my trades executed in the month of October 2012. Actually my first trade was on the last trading day of the last month and is included in this review as I started this journal only on that date.
Trade No
Post #
Pair
Action
Entry Rate
Pips Gained
Percentage
Gained
Remarks
$ Balance after Trade
Opening Balance
3035.00
1
2, 3& 7
EURUSD
Sell
1.2927
+80
+2%
Closed trade manually @ 1.2847 considering week, month and quarter end and doubting an opposite side gap on the opening on Monday. Anyhow my decision to close the trade at the weekend was not good as the price went down up to 1.2805 before reversing on monday and my TP was at 1.2807. Just missed 40 pips because of my emotions.
3091.00
2
10, 13,14& 15
GBPUSD
Buy
1.6107
+60
+2%
I made my stop loss too tight @ 1.6167 just locking 60 pips before the NFP release and trade was closed by hitting this SL. My decision to make stop loss tight was nice as the price never reached my TP @ 1.6227 and it reversed below to my initial stop loss. But I could have been earned further 40 pips, if the TP was @ 1.6207 which was lying on the short term falling trend line. Missed 40 pips because of Greed.
3151.00
3
17, 19, 20, 22 & 25.
USDCHF
Buy
0.9325
+60
+2.1%
Moved stop loss to 0.9384 locking 60 pips in view of formation of a double top. Trade closed by hitting this stop loss. Decision to move stop loss was nice as the price found support at previous resistance and reversed back below to my initial stop loss. Good decision at the right time.
3214.00
4
21, 28, 29 & 40.
EURJPY
Buy
100.74
+47
+2%
Trade went up by +107 pips and reversed to hit trailing stop of 60 pips @ 101.21. After hitting trailing stop price reversed and reached 103.35 crossing my TP at 102.54. If the trailing stop was of 80 pips, then the trade could have been reached TP. Also there was a chance to hit TP by keeping stop loss at BE without trailing. There was no sufficient air between price and trailing stop.
3274.00
5
27, 30 & 45.
CADJPY
Buy
79.50
+76
+3.2%
Closed trade manually @ 80.26 before hitting TP @ 81.90 due to formation of a Symmetric triangle. The decision was nice as the price went back to touch the bottom of the triangle.
3372.00
6
32, 35 & 56.
EURAUD
Buy
1.2585
+110
+3.7%
Considering long time consolidation and negative swap, I closed the position manually. The decision was nice, as the price fall down and went towards my trailing stop.
3478.00
8
51, 63, 70, 71 $ 73.
USDCAD
Sell
0.9866
+100
+3.5%
It was a fast trade and I was able to catch the swing high. Price closed by hitting TP in a short time. Nice trade.
3583.00
7
44 & 91.
USDJPY
Sell
78.76
-50
-3.2%
Trade hit SL. It was a mistake as I went short directly without waiting for a close below the falling trend line. Also I didn’t notice the strong support around 78.00 in the weekly chart. A loss faced due to lack of proper analysis and violation of trading rules.
3517.00
9
69, 102 & 122.
GBPUSD
Sell
1.6153
+150
+5%
A straight trade which directly hit the TP. Everything was perfect.
3667.00
10
101 & 124.
EURAUD
Buy Stop
1.2633
0
0%
Cancelled the pending order(Buy Stop) as the trade was not triggered even up to the weekend.
3667.00
11
109, 121 & 126.
EURJPY
Sell
103.7
+37
+1.5%
Closed the trade due to weekend. I was not feeling good to carry trade to the next week. It was a good decision as the price went back towards my stop loss in the next week.
3713.33
12
141, 168, 173 & 175.
CADJPY
Buy
79.89
+45
+3.8%
Trade closed hitting my moved stop loss. I moved my stop loss to 80.34 locking 45 pips as I was going offline for sometime. But the decision was wrong as the price went back to my TP after closing my trade. I would have been earned further 55pips, if the SL was kept at breakeven. I have to make more efforts to control my emotions.
3828.60
13
176,181
EURUSD
Buy
1.2989
-60
-4%
Price straight away went towards my Stop Loss. But the trade was very nice as it was within my rules and was a perfect set up. It was a nice and perfect trade, though it hit SL. We have to accept that every trade will not be winners.
3708.60
14
203,208,
219,222
GBPUSD
Sell
1.6100
+35
+1.7%
Trade closed by hitting trailing stop. It was a perfect trade and the trailing stop helped to earn some pips as the price went up to my stop loss after closing the trade at trailed stop.
3760.05
15
205,234,
240,242
EURGBP
Buy
1.8028
+10
+0.3%
Even though, I brought down my TP and reduced the target, price didn’t reach my TP as it reversed after getting up by 45 pips. Closed trade manually on observation of a heavy bearish candle. Decision to close trade manually helped to earn 10 pips as the pair continued it’s bearish movement.
3772.94
16
228,238,
239,243
GBPJPY
Buy
127.60
+150
+5.5%
Initially the TP was for 120 pips and it was extended for 150 pips on observation of some nice bullish movements. Trade went exactly as per plan and hit my extended TP giving a nice ending for the October month trades.
3942.18
+850
I started the month with a balance of $ 3035.00 and ended up with a balance of $ 3942.18. Actual gain for the month is 850 pips and an increase of account balance by 29.89%.
[B]
I hope that a return of 29.89% for a month is reasonable and satisfactory.
[/B]Friends…What are your thoughts…? Please comment…
Is my performance 
???
BIJOY
one of the most useful threads, mate. Ty for the time and effort. Whats the plan now…?! You could start a new thread under ‘trading systems’ you could keep on posting here or you could move on :D:D Well i wish you the best, Bijoy. cheers.
Very good work mate! keep it up!
I will continue posting here…my FRIEND…
Now I am busy in spotting fresh S/R levels and drawing new lines for new month in 4 hour, daily, weekly and in monthly charts.
I will post new trades after spotting nice entry points.
Kudos my firend. Excellent performance. Keep up the good work mate.
Good luck this month.
DD
Friends,
It is noticed that the yen pairs are now around a resistance area. All pairs are in some correlated movements and it will be interesting to see the response of price at the resistance area. See below the charts of 4 yen pairs.
- USDJPY
- GBPJPY
- EURJPY
- CADJPY
What is your opinion, Guys…?
Break or Bounce ???
BIJOY
If we get a good NFP report, I am going for break…
