Oof that’s a long time.
End of the week update
Open trades this week:1
AUD/NZD Long
Closed trades this week: 1
EUR/AUD Long +129 pips - 13 days trade
I had the feeling that I may end up with a trade open for every pair I trade given the time a trade stays open, but it really does not look like the case especially if I change my exit indicator to the SSL
Keep up the good work Nic.
I’ve reinstated an additional exit signal which I have used before but forgotten (or maybe my over-confidence made me forget it) -
- if unrealised gains reach a total of +10% of account capital, close everything and take two days off.
We live and learn. Hey ho.
That is nice but with my capital even at 10% gain I cannot afford two days off :-).
I just entered a buy trade on GBP/NZD with a pretty large SL of over 300 pips.
I still have nothing closed since the 15th of August. So far except for the one I just opened they are still all in profit. I have the feeling that NZD/USD is getting ready to be closed, I am going to leave it for today and see what happens tomorrow.
It’s been 7 days since I closed a trade but finally we have one
NZD/JPY with 379 pips profit.
The trade I opened 2 days ago, GBP/NZD is at 170 pips profit, yesterday was 220… but I still think it will continue bullish.
And NZD/USD which I thought it was time to close, it still making few more pips, so I decided to keep it open.
One week to close the month, let’s hope I don’t screw thing up 
Closed Trades
Open Trades
Hey nic, just came upon your thread. Looking forward to your journal. I would be pretty interested in seeing how you see trades and your analyse.
I wanted to get into NZD/JPY and EUR/AUD trades but my plan didn’t offer an opportunity.
Hello All,
I closed USD/CAD Long with 53 pips loss. This trade had been driving me crazy, it was 2 weeks open and it was one day in profit and one day in loss, I decided to close it because I started to get a reversal signal.
The rest of the trades are still open mostly in profit.
Overall I am happy with the result, a bit more than 2 days left to trade before the end of the month,
let’s keep calm and hope for the best.
Closed Trades
Open Trades
Hello All,
August (trading) is done, the numbers are in and are really good, for my small account anyway.
I have had a total of 11 trades, the smallest I ever did, this was due to the change in strategy moving from the 4h to the daily chart.
Net Profit, 84.95, this is a record profit for me, compared to June of 55.70
Total Pips 1483, this is less than last month and yet last month I had a loss in Profit.
Gain for the month 19.4% bringing the overall so far to ~27%
Next month I will add some money to the account, this is money I finally managed to retrieve from a different account, not much, around 1200 euro, this means that I can take a few trades with 0.02 lots.
In my open trades, I have GBP/AUD that is acting very similar to the USD/CAD trade, goes up and down but is not going anywhere, I hope I don’t need to start a new month with a 300 pips loss
Closed Trades
Open Trades
Let September come and let’s make sure we do our best.
To next week.
Nic
So looks like I have been making few mistakes tracking my trades, I have been using an excel file and created the ROI formulas using info on the internet, but I guess I did not get it accurate enough. The error is not very big but it needs to be rectified.
I created a “myfxbook” account and linked my live account to it.
Now I will publish a screen shoot of it every week or when I close a trade.
Here under is an update of my 3 months live:
June 2019
July 2019
August 2019
Overall last 3 months
The gain for the overall 3 months looks a bit big, on my excel was 27% but at this point, I don’t know anymore.
I share your pain on the USD/CAD long. I got in long on this also, though later than your entry, but used a technical stop that was far too tight and made a small loss on a manual early exit (just under 1% of account). I am back in it long again now and feeling OK with the TA. This time the stop is at the same place, 3ATR20 from entry and the position is same size but I won’t be making such an early manual technical exit. Gonna give it more space this time and ride it…
Not a good start for the month, but as always… never give up.
I closed the trade 70 pips from the SL, lucky for me because it was going to hit.
September Summary
Closed Trades
Open trades
I closed AUD/USD for 125 pips profit. I got a signal for a reversal and decided to get out.
Overall for the month, I still negative but now it’s a little bit better.
I also deposited more money into the account, I was waiting for them from a different account, this way I should be able to trade a little higher.
September Summary
Closed trades
Open Trades
Hi Nic,
I’ve enjoyed following your journal and the hard work you’ve put into back testing and forward testing appears to be paying off nicely. When you analyze the currency pairs how do you determine when to enter a trade? Do you use price action or are you an indicator person or a combination of both?
Hi Kevin,
I use a simple EMA cross over as the entry indicator, I do check if we are close to support or resistance, but I am really not giving it too much importance and I do not draw any other trend lines or similar things.
My charts are pretty clean, I use a indicator that puts an arrow when the cross over happens, purely to identify the crossover faster when I go trough the charts, in fact I even removed the EMA lines.
Every morning first thing I do I go trough all the pairs and check for entry or exit signals, 5 minutes work and I am done for the day.
I know a lot of people don’t believe in MA cross over strategy, but I think that if you have patience and you are not greedy, there is profit to be made in the long run.
I am still continuously testing other ways to make my entry and exit point better.
Thank you for taking the time to answer my question. I hope September ends up being a great month for you. What time frame do you look at when making your trades (Daily, Weekly, Monthly)? I’m currently back testing some indicators on the daily chart in hopes of putting together a good algorithm. It takes time, but in the end hopefully the hard work will pay off.
I work mostly on the daily chart. If I get a signal, I look at the weekly chart, just look, to get a reassurance of the trend.
New Trade closed NZD/USD after getting an exit signal. 185 pips profit.
I have also entered a new short trade on EUR/GBP
Month Summary
Closed trades
Open Trades
Good job! Keep up the good work !
1 Like
The week is finished, I closed one other trade on Friday.
AUD/NZD Long - 110 pips profit
Despite the retrace that this pair had on Friday, I think it still has some potential to go long, I was playing with the SL and manually moving it, and I got caught by it and exited the trade. No big deal.
Month Summary
Closed Trades
Open Trades
