Doji' Trading Journal EUR/USD

Trading Discussion
1

Scalping/Day trader system simular to Cowabunga with Bollinger bands used on 5 and 1 minute charts to view high/low entry/exit points, confirm the trend and trade on candlestick patterns.

[B]Trading Set-Up[/B]

5 EMA applied to the close & 10 EMA applied to the close
Stochastic slow (10,3,3)
Fibonacci Retracement
RSI (14)
Stop Loss = 20 pips
Profit Target = 10 to 30 pips per trade
Bollinger Bands on 5 & 1 min charts

If occilators indicate that the market is trending up but the stochastic is below 20% and is at the bottom of the Bollinger; buy.

If occilators indicate that the market is trending down but the stochastic is above 80% and is at the top of the Bollinger; sell.

[B]Day 1 - 7th April[/B]

3 trades closed: + 37 pips

[B]3 trades open to roll[/B]

Buy - 1.56965
Buy - 1.57132
Buy - 1.57164

2

[B]Rolled Positions Closed[/B]

1.56965 - 1.57321 35.6
1.57132 - 1.57321 18.9
1.57164 - 1.57321 15.7

+70.2 pips

[B]Total Pips: [/B]+100.2 pips

3

[B]Day 2 Continued - 8th April[/B]

S 1.57173 1.57027 14.6
S 1.57535 1.57434 10.1
B 1.57569 1.57670 10.1
S 1.57671 1.57548 12.3
S 1.57361 1.57680 -31.9 :eek:

+15.01 pips

[B]Total Pips for the day:[/B]

[B]Total April Pips:[/B] 115.21
[B]Total April Successful Trades:[/B] 10
[B]Total April Unsuccessful Trades:[/B] 1

4

[B]Day 2 Continued - 8th April[/B]

S 1.57081 1.56978 10.3
S 1.57038 1.56980 5.8

+16.1pips

[B]Total Pips for the day:[/B] 101.13

[B]Total April Pips:[/B] 138.13
[B]Total April Successful Trades: [/B]12
[B]Total April Unsuccessful Trades: [/B]1

5

[B]Day 3 - 9th April[/B]

B 1.57178 1.57238 6
S 1.57326 1.57216 11
B 1.57238 1.57330 9.2
B 1.57159 1.57263 10.4

+36.6 pips

[B]Total Pips for the day:[/B] 36.6

[B]Total April Pips: [/B]174.73
[B]Total April Successful Trades:[/B] 16
[B]Total April Unsuccessful Trades:[/B] 1

Paying much more attention to the bollinger bounce when both align on the 15 and 5 min charts. Flat for the day so I’m off.

6

[B]Day 4 - 11th April[/B]

S 1.57970 1.58039 -6.9
S 1.58191 1.58040 15.1
B 1.57879 1.58201 32.2
B 1.57505 1.57666 16.1

+56.5 pips

[B]Total Pips for the day:[/B] 56.5

[B]Total April Pips:[/B] 231.23
[B]Total April Successful Trades:[/B] 19
[B]Total April Unsuccessful Trades:[/B] 2

Changed to 30 min and 15 min charts, v.simular to PIPologys’ system, it looks positive.

Two problems, I admit to going wrong about drawing my trandlines, I keep drawing them to fit the market; and I think my regression channels suck…

Fundamental help needed please…