thread: Zivas Journal

LONG GBPUSD @ 1.4845, SL 1.4745, TP two-thirds of place @ 1.4945, TP one-third of place open.

It is quite fruing. My entrance was too early and that I lost 100 pips. If I would have waited until I had an entrance signal on the hour chart rather than the 30min chart the trade would do quite well. I will try for now on to only go into using the hour chart and nothing bigger. So, I am starting off this month with a reduction...

# trades obtained: 26
# wins: 12
# losses: 9
# split even: 5
absolute # pips: 3807

DECEMBER: 75%
JANUARY: 8%
FEBRUARY: -10%

After 2 decades away from trading forex I've decided to revisit this. I'll be keeping track of my trades here to keep me disciplined. Here are my trades for the previous two days:

April 19, 2011


LONG USDCHF @0.8896
LOT #1: TP 0.8996, SL 0.879 6
LOT#2: TP 0.9046, SL 0.8796
LOT#3: TP 0.9096, SL 0.8796


# lots discretionary: 3
# wins: 0
# losses: 3
# break even: 0
absolute # pips: -300

April 20, 2011

LONG GBPUSD @1.6399

LOT#1: TP 1.6499, SL 1.6299 = 100 pips
LOT#2: TP 1.6549, SL 1.6299 = 150 pips
LOT#3: TP 1.6599, SL 1.6299 = 200pips

April 21, 2011

All 3 lots in GBPUSD commerce from closed at TP, banking 450 pips.

# lots discretionary: 6
# wins: 3
# losses: 3
# break even: 0
# available lots: 0

absolute # pips: 150 pips

PA moved to 1.4602, SL moved to BE on all lots.

All three lots closed out at BE, 1.4552.

# lots exchanged: 9
# wins: 3
# losses: 3
# break even: 3
absolute # pips: 150 pips

Now, I won't be putting any trades. Yesterday I believed there may be set-ups now to brief USDJPY and USDCHF, however, the strength of USD now sure shifted that chance in a rush! Now I will stand aside and I'll see what tomorrow brings...

cheers.