CoastalFX Trade Journal - Page 2
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Thread: CoastalFX Trade Journal

  1. #11
    There are no new trades for today. All pairs which we do not have
    a trade with are currently going against their larger daily trend.
    We'll await the larger trend to restart by searching for a daily
    candle to shut in the direction of the larger trend. On all pairs
    either the candle from yesterday is opposite of this trend or the candle
    forming today is moving in the opposite direction.

    Update on current trades:

    On Friday GBP/USD was stopped out for a profit of 8 pips. This brings
    our whole profit because this journal began to 501 pips.
    Currently we've got a trailing stop triggered for USD/CAD so
    we will have some profits wrapped in on that commerce.

    Enjoy a Fantastic afternoon,
    Jackie

  2. #12

  3. #13
    I concur!! Job Jackie. I am enjoying your analysis and trading success. Would you go into a bit more detail on what you're searching for prior to entering the transaction, what decides your stops, and how you like to trail? Thank you!!!

  4. #14
    Quote Originally Posted by ;
    There are no new transactions for today. All pairs that we don't have
    a trade with are currently going against their larger daily tendency.
    We'll await the larger trend to resume by searching for a daily
    candle to close from the direction of the larger trend. On all pairs
    both candle from yesterday is opposite of the tendency or the candle
    forming now is going in the opposite way.

    Update on current transactions:

    On Friday GBP/USD was stopped out for a profit of 8 pips. This brings
    our total profit since this journal began to 501 pips.
    Currently we've got a trailing stop triggered for USD/CAD so
    we will have some profits locked in on that commerce.

    Have a great day,
    Jackie
    Great stuff Jackie

    Keep it up!

    Kind Regards
    Steve

  5. #15
    Quote Originally Posted by ;
    Great stuff Jackie

    Keep it up!

    Kind Regards
    Steve
    For all those of you that do not know Steve is my hero! Thanks Steve, though I trade very differently than you, you are one of the primary individuals that inspired me from the very start.

    Quote Originally Posted by ;
    I agree!! Great job Jackie. I am enjoying your analysis and trading success. Would you go into a little more detail on what you're searching for prior to entering the transaction, what determines your ceases, and how you like to trail? Thanks!!!
    Thanks for your kind words. How I trade is straightforward. I use 2 precent of my account balance and 50:1 leverage.

    Ever transaction is entered using a 1000 pip stop/loss and 50 pip trailing stop.

    I look at the daily trend, sometimes weekly, and yearly trend and ALWAYS trade in that way. I start a trade at the direction of the trend when I see the past complete daily candle which coincides with the larger trend and if a candle is currently open I shall trade so long as it coincides with the candle from the day before and the larger daily trend.

    After I am 100 pips in profit I move my stop/loss trailing stop back by 50 precent of my profit in pips. So if on day 3 of a trade as I begin to open new transactions and one of open transactions closed a new high and I am currently in profit from 150 pips then I would correct my trailing stop on such trade to 75 pips instead of 50.

    The objective of this egy is to keep in a long-term positive transaction as long as possible.

    I hope that clears it up for you,
    Jackie

  6. #16
    Unfortunately, there are still no new transaction set ups. Thank goodness,
    I did not break the principles of the egy and try to induce a trade yesterday
    because we would have large floating losses on each trade. We'll
    just be patient and wait for these candle sticks to shut in the right
    direction.

    I do have a floating profit with my two open transactions around the AUD/USD
    and USD/CAD. USD/CAD, is not far from hitting on the trailing stop.

    Have a Fantastic afternoon,
    Jackie

  7. #17
    This hasn't been the most active week for us in Forex. I just set
    a Sell Stop order on USD/CAD in 0.9825.

    USD/CAD was stopped out yesterday for a 20 pip profit. That is good news and also a lot better than a sharp poke in the eye.

    Jackie

  8. #18
    This has been a week of market waiting and watching for current trends
    to resume. I did just put on order.

    It's a Buy Stop on GBP/USD @ 1.9825.

    2 percent of account utilized with 50:1 margin. 1000 pip stop/loss and 50 pip
    trailing stop.

    Our Economy Stop on USD/CAD was never hit and remains in place.
    Have a great weekend and let's hope for a more exciting week next week.

    Take care,
    Jackie

  9. #19
    No new trades are placed today. Buy Cease and Sell Stop is still
    set up but will probably be adjusted in the next couple of days. We
    are in a grip pattern waiting for the bigger daily trend to maneuver in
    it's historical leadership.

    For the month of May we earned 521 pips and we didn't trade the
    whole month so we're searching for an equally profitable month in June.
    At a later email I shall give some more data on past month's
    results.

    Joyful Pippin,
    Jackie

    P.S. Excuse the typo above .

  10. #20
    Jackie,
    Many thanks for the clarifiion on the time.
    Also in accore with your advice, I will not be in hurry to force anything.

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