Hi all,
We’re excited to be sharing our trades with everyone! Winners and losers alike, they all get added in!
Quite scary putting your trading journal up for all to see, big ups to everyone on babypips who has the courage to do so.
Not going to put any historical stuff here, just new trades going forward. Also, only going to put trades based on one of the systems we use (basically price action on support/resistance zones). Anyone else a big fan of naked trading?
Here it goes:
[B]March 3, 2014[/B]
Pending buy stop on EURJPY (this trade entered on Friday, currently at more or less its entry price)
Entry: 140.760
Stop: 138.630
Profit target 1: 142.580
Profit target 2: 144.540
Our thoughts: Love the risk to reward ratio on this trade and the recent pull back on the pair, coupled with the bullish movement on Thursday and Friday mean trade on for us.
Thats all for today - have a good week traders!
trade cancelled - price moved to stop loss
[B]March 4, 2014[/B]
Pending buy stop on EURAUD, only a single profit target this time.
The pair has bounced nicely off the 1.53450 area and is tracking up.
Entry: 1.54070
Stop: 1.53470
Single profit target: 1.54700 (63 pips)
For traders who prefer risk to reward ratios greater than 1:1, to or at least a second target, this trade isn’t for you. If the trade enters and moves in our favour, we’re going to move our stop loss up to break even soon. If the trade doesn’t enter by 14:00 GMT, we’re closing it.
trade cancelled - price moved to stop loss
[B]March 6, 2014 - trade update[/B]
Our EURJPY trade hit its first profit target at around 15:00 GMT this afternoon! Thats a healthy 210 pips in profit.
We’ve moved our stop loss for our second position to above break even, so that’s now a risk free trade. Anyone wanna join in our next trade?
EURJPY second target stop loss moved to 142.403 - guaranteed 200+ pips on this trade but we’re holding out for the big one!
[B]March 12 update and new trades!
[/B]
Our EURJPY trades have both closed for 215 and 192 pips in profit respectively.
New trades:
Sell on [B]GBPCHF[/B] (target 1.44030, stop 1.46029)
Buy on [B]EURAUD[/B] (1.56240, stop 1.54114)
Note: These aren’t pending trades - pending orders were set last night.
[B]****March PracticalPips update: Profit: 407 pips [/B]