Seems many currencies are resting. Maybe next week will show some action. Keep up your thread. I don’t show much interaction on it, but follow along all the time.
The simple verson of my strategy is this…
I trade mainly from dailys but do look at weekly and monthlys for further confirmation of the larger trends. I use approx. 2 percent of my account on each trade. I place buy stop or sell stop orders in the direction of the larger trends. I place trades using round numbers like 25, 50, 75, 00.
(this is the rule that I broke yesterday) I place trades only after I have seen at least one full daily bar that is complete going in the direction of the trades I am placing.
I place every trade with a 50 pip trailing stop and I use a 1000 pip stop/loss on each trade. After a trade has run over 100 pips in profit, I adjust my trailing stop to 50 precent of the gains in the trade.
Hope that helps, piphacker.
Thanks for the questions,
Jackie
Thanks for the encouragement to keep posting. I greatly appreciate it my friend!
Jackie
We are not placing any new trades yet. We have 3 open trades right
now AUD/USD, EUR/USD, and USD/CHF. All pairs are back in a countertrend
movement right now.
We will be watching on the sidelines and waiting for our current
trades to turn around.
Happy Friday,
Jackie
We are starting another day in the amazingly lucrative world of Forex
trading. We have no new trades today. One look at the chart shows a
pull back on all major pairs which indicates a possible reversal coming
of the current counter trend. We will continue to watch the charts
to see if this is correct over the next day or two.
Have a great day,
Jackie
Still primarily in a countertrend accross all pairs. I did adjust
the sell stop on USD/CAD to 1.0175.
GBP/USD, hit it’s buy stop yesterday but then almost immediately
pulled back for a small loss.
We are back in a waiting game. AUD/USD, EUR/USD, GBP/USD, USD/CHF,
all have small floating losses. We are just waiting and watching for
the turn around in each of these trades.
Have a good day,
Jackie
There are no new trades today. Our Sell Stop on USD/CAD was picked
up yesterday. However that trade reversed shortly after it opened.
All five pairs have floating losses right now and are expected to
resume the larger daily trend at some point so we will wait and watch.
Stay Tuned,
Jackie
P.S. If you ever have any questions about our trades or about Forex
in general don’t hesitate to ask.
We are now into profit on two of our current 5 trades. USD/CAD, is
about 35 pips in profit. Our trailing stop will go into place when
we are 50 pips into profit. Also GBP/USD is about 30 pips into profit.
USD/JPY is still not opened yet. We will continue to watch this pair.
If the market continues in this current general direction we will
make some profits in the next day or two.
Have a great day,
Jackie
USD/JPY is still unopened for us. We have the same Sell/Stop in place
from a couple of days ago. We are watching the charts but have no
real confirmation that the downward trend has continuted. When the
downward trend on that pair resumes we will probably adjust that
Sell/Stop unless it gets hit first which I think is unlikely.
The other 5 pairs are all open with 3 of them having sizable gains.
Our Trailing Stops have been triggered on all 3 pairs locking in about
58 pips for us so far. So that will be on top of the 289 pips we have
from earlier this month.
Slow and steady wins the race every time!
Collecting pips,
Jackie
It’s all about the pips. Two of our trades EUR/USD and GBP/USD were
both stopped out for 93 pips profit. That brings our total monthly
Pip profit to 391 pips. Slow and steady wins the race every time.
Due to the pull back in each pair. We have no new trades. Our AUD/USD
and USD/CHF are still open and floating loses, which of course is
normal.
In the last 7 weeks we have earned about 6% on our account balance. If we keep this up we will potentially earn over 40% return on our money by years end.
Of course anything can happen. When one of our stop/losses get hit
and it will at some point that will dramatically decrease our overall
returns. It is fair to say that we are definitely on track to hit our
minimium goal of 20% annual returns.
Happy trading,
Jackie
There are no new trades today. The market is moving in our direction,
if this continues, we will be placing trades tomorrow. Our floating
losses are half what they were yesterday on our two open trades.
I am excited about my system. I place trades once a day and so far have been very successful doing that. I don’t have to watch the charts all day and that frees up my time for other things in life!
Hope you are having a fantastic day,
Jackie
There are several new trades to place today as follows:
Buy Stop EUR/USD 1.5625 stop/loss 1.4625
Sell Stop USD/CAD 1.0100 stop/loss 1.1100
Buy Stop GBP/USD 1.9750 stop/loss 1.8750
All trades are placed with 1000 pip stop/loss using 2% of account
balance with 50:1 leverage and a 50 pip trailing stop.
Sell Stop on USD/JPY is still in place from several days ago this
will likely be adjusted so keep an eye on this journal.
Happy Pipping,
Jackie
If you took the trades with us yesterday then you are IN THE MONEY!
I love it. Two of our trades have had their Stop/Losses hit and we
have a total of about 100 pips locked in so far. We have another trade
not far from having it’s Stop/loss triggered which will mean more
profits for us.
It is an unpredictable market but making money in it is an absolute
adrenaline rush. We will sit back and ride this trend until it reverses,
hopefully it will not reverse right away on us. But, if it does we
still win.
There are no new trades yet,
Jackie
Hope you are doing great today. I woke up this am and found that 3 of
our profitable trades had been stopped out for nice profits. That’s
not a bad thing to wake up to.
GBP/USD stopped out for +90 pips profit
USD/CHF stopped out for +106 pips profit
EUR/USD stopped out for +106 pips profit (ironic)
There are no new trades. USD/CAD is floating a small profit but
trailing stop has yet to be triggered. USD/JPY, we had this pair
shorted well there were several news releases around the Japanese
market open. This must have had a negative effect on the Yen because
our Short was hit. Currently USD/JPY is also floating a small profit
with no trailing stop triggered. We also have a very small floating
loss with AUD/USD of about 45 pips.
We have already beat May’s Profits of 521 pips we are currently at
591 pips so far for the month of June! Let’s see if we can break
600 pips before the end of the month.
It’s all about making profits,
Jackie
We just placed a Sell Stop order on USD/JPY at 105.25.
There are no other potential set ups for today. So let’s just wait
and see what happens with USD/JPY.
Just a recap as of the past two months since we started these Trade
Alerts we have earned 10% on our money. Hopefully you are having
the same success.
Take Care,
Jackie
I forgot to mention this. I opened a LIVE account yesterday with IBFX. I am trying to do some through research on which broker to stick with long term. I think this will be the one but we will see now that I have a LIVE account there.
Jackie
P.S. Starting Balance is $250.00
Our trade with USD/JPY is still open with floating losses.
Just placed a Buy Stop on EUR/USD at 1.5875.
Remember all trades are placed using approx. 1% of account balance with 50 pip trailing stop and a 1000 pip stop loss. These trades sizes and stop losses and their trailing stops are really the magic of the Coastalfx Trading System.
Happy Pips,
Jackie
No new trades. Still waiting for the larger daily trend to resume. Patience is the name of the game. We have been here before and it always usually pays off pretty well for us. We have no reason to think this will be any different.
Hang tight,
Jackie
No new trades today. GBP/USD, EUR/USD, and USD/CHF have resumed their
larger daily trends. We will watch for a continuation of this trend throughout today and into tomorrow before placing a trade. I will be traveling to Pittsburgh today and getting in late. I will do my best to post to my journal at the normal time.
Patience Pays,
Jackie
We just placed a couple of new trades.
Buy Stop AUD/USD 0.9700
Sell Stop USD/CHF 1.0250
Sell Stop USD/CAD 1.0050
Remember use approx. 1 precent of account balance on each trade with 50:1 leverage and 1000 pip stop/loss. Also include a 50 pip trailing stop on each trade.
Our other two trades with USD/JPY and EUR/USD are not moving in directons to be profitable.
Have a blessed weekend,
Jackie