Thread: Pip by pip - my trading journal

Alright, my target (20pips) for the EUR/USD was hit (less 1 pip for disperse. . Have to remember that next time)

Closed 29/01/07
EUR/USD 12903.5 (Opened EUR/USD 12922.50 Short)

19 pips

complete so far
32.1 pips

ps... that the USD/JPY commerce is continuing up, if I had been still in it could have added approx 13 pips. . Oh well thats fx for you rather than adhering to the program 100%! Looking back, I did take profits .

New trades today

Open 29/01/07
EUR/USD 12905.8
Long

hmmm. . Closed out trade from preceding post:

Close 29/01/07
EUR/USD 12908.5 (Open EUR/USD 12905.8 Long)
2.7 pips

YTD 34.8 pips

I had a TP of 10 pips however since I had to venture out and could not see it, I shut the trade early, only to see the price continue to reach my TP about 10-15mins after.

I'm not exactly certain why I did this, but I believe it was from fear of losing the trade as it was already in the profit zone. This isn't on!!!!!!

I shouldn't do that, because it isn't sticking to the plan!! (you leave pips on the desk if you do this)

Cheers,
Anthony

New trades Now

Open 30/01/07
GBP/USD 19613
Brief

(GBP/USD Appears a bit slower moving today than EUR/USD) maybe should have Started a short trade on EUR

Closed out this trade @ 19613 (I'd Transferred the SL to break even... I Am Unsure whether this is a good thing or not)

So 0 pips

Congrats on your own pips. Hope u stay disciplined

New trades Now

Open 30/01/07
AUD/USD 7731.5
Brief

Open 30/01/07
EUR/JPY 15788.5
Brief


Closed AUD/USD 7729.9
1.6 pips
almost not worth it.. .lol, but much better than -ve!

New trades now

Open 30/01/07
GBP/USD 19628.2
Long

Closed
19618.5
-9.7 pips

YTD 26.7 pips

I also accidentally opened a new trade once I was supposed to closed the trade over!

Open 30/01/07
GBP/USD 19621.3
Long

Closed
19616.6
-4.7 pips
YTD 22 pips

Closed 30/01/07
EUR/JPY 15782.1 (Open 30/01/07 EUR/JPY 15788.5 Short)
6.4 pips

YTD 28.4 pips

Attempt to exchange with smaller lots. On the lookout for trend in minimum H1 charts. Try trading H1 with a 25 pip stop loss. Permit emotionally for a 25 pip loss. You will be surprised if you've got a indior set up that will provide you the H1 fad, even a very simple MACD. Try it.

Originally Posted by ;

attempt to exchange with smaller lots. Looking for trend in H1 charts. Try trading H1 with a 25 pip stop loss. Permit emotionally for a 25 pip loss. You'll be amazed in case you've got a indior set up that will give you the H1 fad, even a very simple MACD. Try it.

Hi Markt,

Thank you for you post. I am not trading with huge lots at the moment. I think you're right in that the plogical / pyschological barrier is something I need to overcome.

Also I think that a longer timeframe will be more appropriate. I think I am trying to get too many trades, rather than waiting for longer ones.

Anthony