January 29.
Woke up to Guppy still swimming. That trade is turning into an experiment of what not to do…even if it closes up.
Quick trade on GBP/USD ahead of the news netted a quick win. My pairs are all away from my setups….so we will just let Guppy swim and go make breakfast.
Watch out for Fed Interest rate decision….12mst. Opening 2 trades prior to release with expected INITIAL move expectation. EURUSD and NZD/USD shorts……Both winners. Fast reaction close once i had a little gain as the whipsaw can be real with news release. Should I have held out for more…maybe, but that was not the strat….30 min later, ended up closing within 5 pips of initial retracement after the news release.
My Goal is to be greater than 50% win rate AND avg win amount greater than avg loss amount.
More specifically…I would have a range Profit goal of 0.1% to 2% daily and 0.1 to 10% weekly. While I would not complain about having a better record, it’s more about account building at this point.
Swim Guppy Swim…this position is still in the negative but far away from the SL I established for this experiment (2% drawdown).
Currently waiting on news conference of FOMC and then the Doldrums (1-5mst) before i enter any more trades for the day.
Someone asked about my setup so I’ll do my best to explain
3 Open positions max, but I try to find at least 3 and take the best
EMA 150 - as an easy to see trend indicator
Adjusted Ichimoku with a lot of the clutter hidden
13 24 44
Chikou hidden
Kinjun hidden
Tenkan hidden
Triggers Original trade - A pierce down into a red cloud AND below the ema150 - sell
A pierce up into a green cloud AND above the ema 150 - buy
From this point it’s PA trading. I am not looking for gigantic gains and definitely limit my losses to Less than 2% drawdown.
All positions will be closed before close of Markets on Friday.
Made it through the Doldrums with Guppy still swimming. Add a couple more (3 open positions) to keep Guppy company.
“Do you want to Play a Game” (war games…great movie)…With all the Econ News coming out tonight in EUR and GBP…setting up plays to ride the news. Lets see what happens. (This is something I would avoid like the plague on a live account.)
Part of what I believe makes me a successful trader is I keep it fun. Grinding and grinding can only take you so far and quickly leads to burn out. Been there. I have to remind myself that I was a very successful grinder, then lost all interest…not from blowing accounts, but I found myself with no life and terrible sleep and social habits. To that end…Im switching gears for a day or two in what I am calling … .Save the Guppy!
My position in GBP/JPY is in a rough spot…Im going to remove the limits and try to trade around it in scalping mode to see if i can outpace it. Let’s ride. I know this is a complete departure from strat…but the “keep up trades” will all be to the usual plan.
So far holding my own….Guppy down 1800…snipers at 1750…time for bed with locks off guppy and limits on snipers.
1/29/2025 |
1/29/2025 |
GBP/USD |
DEC49 |
BUY |
2 |
1.24188 |
1.2441 |
USD |
|
$444.00 |
1/29/2025 |
1/29/2025 |
EUR/USD |
DEC49 |
SELL |
2 |
1.04177 |
1.04005 |
USD |
|
$344.00 |
1/29/2025 |
1/29/2025 |
NZD/USD |
DEC49 |
SELL |
1 |
0.56537 |
0.56442 |
USD |
|
$95.00 |
1/30/2025 |
1/29/2025 |
AUD/USD |
DEC49 |
SELL |
2 |
0.62385 |
0.62234 |
USD |
|
$302.00 |
1/30/2025 |
1/29/2025 |
NZD/USD |
DEC49 |
SELL |
1 |
0.56551 |
0.56446 |
USD |
|
$105.00 |
1/30/2025 |
1/29/2025 |
GBP/USD |
DEC49 |
BUY |
2 |
1.24465 |
1.24716 |
USD |
|
$502.00 |
|
Total Trades |
P/L |
Day 1 |
9 |
$2,158.66 |
Day 2 |
13 |
$2,612.49 |
Day 3 |
6 |
$1,792.00 |