Self Improvement Thread - EURJPY 4HR only

[sheraz572]

No trades for the day

18th - 25th April Trading Summary


Open Time Type Size Item Price S / L T / P Close Time Price Commission Taxes Swap Profit
2013.04.19 02:25 buy 0.01 eurjpy 128.650 128.350 130.000 2013.04.19 08:54 129.793 0.00 0.00 0.00 11.53
2013.04.22 16:42 buy 0.01 eurjpy 129.670 129.370 0.000 2013.04.23 01:46 129.370 0.00 0.00 0.00 -3.03
2013.04.23 15:47 sell 0.01 eurjpy 129.500 129.500 128.500 2013.04.23 17:09 128.500 0.00 0.00 0.00 10.12
2013.04.24 15:27 buy limit 0.01 eurjpy 128.770 128.470 131.000 2013.04.24 15:31 129.183 cancelled
2013.04.24 15:30 buy 0.01 eurjpy 129.209 129.210 133.210 2013.04.25 06:03 129.210 0.00 0.00 -0.01 0.01
2013.04.25 15:12 buy 0.01 eurjpy 129.400 129.100 133.000 2013.04.25 19:01 129.100 0.00 0.00 0.00 -3.02
0.00 0.00 -0.01 15.61
Closed P/L: 15.60

Gross Profit: 21.65 Gross Loss: 6.05 Total Net Profit: 15.60
Profit Factor: 3.58 Expected Payoff: 3.12
Absolute Drawdown: 0.00 Maximal Drawdown: 3.03 (2.55%) Relative Drawdown: 2.55% (3.03)

Total Trades: 5 Short Positions (won %): 1 (100.00%) Long Positions (won %): 4 (50.00%)
Profit Trades (% of total): 3 (60.00%) Loss trades (% of total): 2 (40.00%)
Largest profit trade: 11.53 loss trade: -3.03
Average profit trade: 7.22 loss trade: -3.03
Maximum consecutive wins ($): 2 (10.12) consecutive losses ($): 1 (-3.03)
Maximal consecutive profit (count): 11.53 (1) consecutive loss (count): -3.03 (1)
Average consecutive wins: 2 consecutive losses: 1

 

[Red Herring]

I had no immediate take profit in mind. I was looking for breakup above 130 to 131.. Immediate plan was to move stop loss to breakeven once it reaches 129.97 and then to wait and watch. because once the risk is mitigated then there is no stress involved in the trade.

Is it possible to place a trade without TP in MT4 once you place stop loss! I have not tried it yet!

 

[RahmanSL]

As far as I know, "Yes" 'cause the buttons are independent of the other. I place "TP" most of the time without any "SL" ....and put the "SL" at the end of my initials "Rahman"

 

[Red Herring]

As far as I know, "Yes" 'cause the buttons are independent of the other. I place "TP" most of the time without any "SL" ....and put the "SL" at the end of my initials "Rahman"

Thanks Sergeant! I hope to try this too...

 

[sheraz572]

Sold EUR/JPY @ 128.266.. Stop loss @ 126.56.. Move stop loss to break even at 127.96..

Reason to trade
Expecting correction on RSI(3) from 67 to 35.

 

[sheraz572]

Stop loss moved to breakeven

 

[sheraz572]

My stop loss at breakeven reached although it went in the down-trend later on. Account Balance: 123.10

 

[sheraz572]

Bought EURJPY @ 128.423 Stop Loss @ 128.13. Move SL to B/E at 128.73

Reason to trade

MACD & Stoch indicating bullish trend formation.

 

[Red Herring]

Have you stopped posting? At least I am watching this thread...

 

[FringFX]

Any updates?
Do not give up, Don't give up! we still have several decades to trade!