EUR USD: Short : 1.2347
SL : 1.2365
SL Hit, Lost 18 pips on this one… Ouch !!!
Total Pips : -18+1095 = 1077…
Cheers
EUR USD: Short : 1.2347
SL : 1.2365
SL Hit, Lost 18 pips on this one… Ouch !!!
Total Pips : -18+1095 = 1077…
Cheers
EUR USD: Short : 1.2370
SL : 1.2390
SL Hit, Lost 20 pips on this one… Ouch !!!, 2 losses in a row !!!, my analysis to find these failed trades told me, that I am using incorrect pivot points which are plotted using Sunday Data, this damn costed me 2 trades in a row, fellow Master Trader Hiro highlighted this, Probably new pivots wouldn’t cost again.
Total Pips : -20+1077 = 1057…
Cheers
EURUSD Short : 1.2406
SL : 1.2426
Total Pips : -20+1057 = 1037
Hit my Stops and Managed to move 5 more pips then dropped few hundred pips…
GBP/JPY Short : 133.85
TP : 133.52
Total Pips : +33+1037 = 1070.
This week so far been very busy @ work, no time to trade London… Looking for good 3 days here to wrap the week on a good note.
Cheers
Folks,
I didn’t had any trade yesterday, i.e 19-05-2010, and here is my only NY Trade today, didn’t managed to trade LONDON as my boss scuked me with work @ work
GJ Short : 130.55
TP : 130.33
Total Pips : +22+1070 = 1092.
I have trailed this short with 10 pip anticipating a good move down for atleast 50 pip, but my impatience killed me to close it for a 22 pips, Only to see it dropping more than 90 pips and continued to drop post US news like there is no tomorrow for another 400 pips… I wouldn’t have rided it down there but the setup speaked it self…
I have my lovely Friday tomorrow. Hope it brings me some good setups.
EU Short : 1.2565
TP (Avg) : 1.2548
Total Pips : +17+1092 = 1109
Newyork been so much ranged, Just got one good setup to make some pips…
Good Weekend.
Cheers
My Trades :
I haven’t made any trades on Monday (24-May-10).
Yesterday (25-May-10), New York I had one trade,
GJ Short : 128.52
SL : 128.72
Total Pips : -20+1109 = 1089
SL Hit, this trade I took it with expecting the signal confirmation rather pre maturely, however I was stopped out and price moved 3 more pips than my stop level and came down to hit my TP. Not usually happens, but still that is the life.
Cheers
GJ Short
Entry : 129.90
Exit TP : 129.75 and 129.48 (closed in 2 parts half/half, Net pips 29)
Total Pips : +29+1089 = 1118
GJ Short :
Entry : 130.37
Exit : 130.51
Total Pips : -45+1118 = 1104
I have to blame my self for taking a trade in such a range anticipating a breakdown without it actually waiting for it, The trade seemed to take some time to get moving in my direction, I am a lazy/impatient kid who hate to wait went ahead to close the trade for a -14, only to see it making some pips in my direction… hmm I need to be patient enough to trade range markets.
Cheers,
GJ Short :
Entry : 130.82
TP : 130.52
Took profit in two legs with avg profit of 19 pips
Total Pips : +19+1104 = 1123
New york playing awkward lately with huge ranges…I could get only this trade setup which I felt was nice… trading london tomorrow… hopefully can make some good $$$.
Cheers
EU Long
Entry : 1.2341
TP : 1.2353/1.2360 (AvG 16 pips)
Total Pips : +16+1123 = 1139
GJ Short
Entry : 133.08
TP : 132.95/132.68 (AVG 28 pips)
Total Pips : +28+1139 = 1167
EU Short
Entry : 124.30
TP : 124.14
Total Pips : +16+1167 = 1183
London been so easy to trade, as opposed to NY, the session has been really good. Looking forward for NY.
Cheers
GJ Long :
Entry : 132.82
TP : 132.94 1st half, 132.79 2nd Half (Avg 6 pips)
Total Pips : +6+1183 = 1189
GJ Short :
Entry : 132.78
TP : 132.64 (Avg 14 pips on 2 halfs)
Total Pips : +14+1189 = 1203
The second trade was pefect setup, though I know I am in for a good pips runup, I closed it too soon for a mery 14 pips, only to see the trade run down in my direction for about 80 odd pips… all in all this friday yet again proved worth trading FRIDAY’s.
Cheers
looks interesting. 1000+ pips in just 2 month.
You told you use GJ. I think maximum brokers spread for this pair is near 7 pips. Which broker you use?
And may I know details about VSA trading system?
I have a tight spread on GJ, less than 3 pips (2.2 - 2.5 pips), I use a ECN broker to trade…
I have my own proprietary VSA Trading System called “Golden Cowboy”, customized to take advantage on traidtional VSA.
Cheers
Srikanth
It would be nice if you could share with us your “Golden Cowboy” trading system
Anyway, if you can’t, i would appreciate some good references to traditional VSA, books, pdfs, links, whatever may be useful.
Regards
Jimbo
I am sorry, but I can’t share my system :),
however here is a eBook that help you understand basics of VSA, a good resource to start reading with and a first step towards learning VSA.
Cheers,
VSA BASICS from MTM.pdf (1.56 MB)
Hi Srikanth,
Vanakkam !
Just stumbled up on your thread and great to see one of my own tribe doing so well in forex. Keep it rolling. Thanks for the pdf will have a lookin.
Regards,
Muthu.
Chennai.
India.
Thanks for the link ask.indian.
Regards.
Hi again,
now that i’ve checked your link, it is basically the same as “The Undeclared Secrets That Drive Stock Market” by Tom Williams, and as i have read it already, i would appreciate if you could post a link to something more advanced, maybe with a more practical approach to the subject.
Thanks in advance.
Hi Muthu,
Namaskaram :).
Glad to see your post. and Thanks for your wishes.
You seemed a experienced trader too, are you a full time FX trader ? how long you been trading ? Hope to catch you some time.
Cheers
Srikanth
Hi Jimbof,
I must have some more documents/ebooks pertained to VSA, allow me a day or two as I need to search them through from my back up :), I shall post them here as soon as I found them. If you are interested learning my system you are welcome to join my group
Cheers
Srikanth
Hi Srikanth,
thanks again for your consideration, i’ll keep an eye on this thread so don’t worry if you need your time in finding those ebooks
Of course i’d like to learn your system. As many newbies i’m always willing to learn from experienced traders. BTW, How do i join your group?.
Regards.
Jimbo