Results March 27th

This week was quite positive in my trading. Only in one trade on GU when I forgot to set my TP and had to leave my office and the trade of course hit it but then turned and hit my SL. Other than that, I was quite happy:)
My trading is based on price action around certain levels. Usually I look for previous resistance or support and watch what happens around that level. The TP is always bigger than the SL (usually 2:1, sometimes more, sometimes less). Right from start of this week I am looking forward to go long on GU. The price got rejected from 1.60 level like many times in history (nice support on daily chart). The TP could be around 1.6250 or so... Will see...

On my Zulu account, I experienced some drawdown but most of the pips in March are already back... I will give every provider that I test 3 months to show his/her skills and then decide if I keep him or not... So far I am +3353 pips in March, -422 overall from January 25th.

March 20th 2011 summary

My trading was a bit unlucky this week. There were at least 4 trades where my SL got hit by a few pips and then the price reached my TP... well, that is how it goes in trading and I need more practice (and move my SL a little further:)). Next week ahead!


Trading with Zulu is another chapter these days. The results are awesome!:) I have erased all losses since the start and March is +3.870 pips so far...

Zulutrade

This week started very nicely for my Zulutrade account... The profit for March is +3068 pips...

Zulutrade

I started on January 18th. I made a mistake with two signal providers that didn't have history and they made me lose around 1200 pips... Then a bad setting of SL made me lose another 600 pips. Since half of February I think I have everything set properly and choose only providers with good history. Of course I trade only microlots and I will stay with it for some months until I learn more. I believe if I won't be greedy I can build my account up a little:) will see...

My results so far:

March +1546
February -2104
January -1671

I will keep the results updated.

Hard week

One of the bad weeks is behind me. As a regular novice in trading, I got whipsawed in several trades, taken out by a few pips and then to get me angry, the markets turned my way of course...Here are two examples:

and the other one...

The learning process continues... Discipline, discipline, discipline...

Trades closed

Both EURUSD and GBPUSD turned into a small losses. GU trade was nicely in green and I should have taken at least some profit. I lowered the original SL, but that is not satisfaction for me in this case (it was 50 pips up), also my SL got hit exactly on pip and if it doesn't go up more, I will be quite unhappy:). Level 1.62 seems to be holding so far...

EU  returned to the horizontal support and uptrendline support and is moving in 1.39 and 1.3850 channel... lets see what happens...

March 8th trades - vol. II :)

this is the price action on EU I was looking for:) so I am long...

NZDUSD - kicked out by 1 pip, but this seems that there will be a trial to jump out of the downward channel

USDJPY trade got stopped out by 2 pips as well... it looks it may come back down, lets look for some price action again... I placed a sell stop order, reason double top, overalldown trend, rejection of 50 Fib. SL 25 pips, TP 57 pips...

March 8th trade

I have another trade open, it is GBPUSD short, 1.63 got rejected strongly (also previous high is respected resistance now) and upward trendline got broken. I expect a move down to 1.61. My SL is 35 pips, TP 69 pips...

The UJ trade is still open, right now -14 pips (actual candle looks good - pinbar if it finishes like this...)
UPDATE - 20 minutes later it looks much worse so this will probably end up as a loss

These are two trades I expect soon:

NZDUSD short - 38.2 and 61.8 Fibs rejected, overall downtrend - waiting for price action directing down
UPDATE - sold at 7378, SL 35 pips, TP 73 pips (7305)

EURUSD  long - overall uptrend, uptrendline close, horizontal trendline close, 1.39 level close... waiting for a price action on 1hr chart directing up...

New trade

I just entered USDJPY short. Reason: confluence of pinbar, uper trendline rejection, 50 and 38.2 Fib rejection... SL 50 pips, TP 107

Weekly recap

So... the two trades I had opened hit nicely their Profit target which means +205 pips...

All trades are now closed so lets hit the weekend:)

All my trades so far...

Open trades...

Today there were 3 small losses in my system... But I believe in two trades in green so far...

EURUSD

NZDUSD

as of now +117 pips

End of trading of 1MD

Because I wasn't able to trade 1 minute daily for last few days and it seems that this will not change in next few months due to lack of time in the morning, I decided not to continue trading 1 MD for some time. Maybe forever but I cannot say that for sure now... I am still testing Forex Morning trade, have some money on Zulu and also I trade by myself, mostly price action. My trades will be possible to see on myFxbook (icon with the chart on the right). I am trading 4HR and daily charts mostly. No indicators, only trendlines and price action (sometimes Fibonachi):)

Here is an example:

...and a trade I am in now...

...and similar trade ...

and here are my results so far... I am trading only microlots of course, testing phase:)