3 Ducks Demo journal

[mentormeplease]

Second trade:
Buy EURGBP @0.83460
SL: 0.83340
TP: 0.8370

TP hit for profit of $934
This pair turned just as my TP was hit. Well timed :clap:

I must admit I must tighten up on my discipline and get my calculations correct. Although this was a good trade with good profit, my risk is only supposed to 5% of my initial capital which is $250 and looking at a 2:1 R:R, I should only have made $500 here. This also shows in the previous two trade where the miscalc meant a loss of 415 and 390 dollars.

 

[mentormeplease]

Third trade still running:
Buy EURAUD @ 1.2386
SL: 1.2366
TP: 1.2426

Running P/L at the moment -$100

SL hit at 1.2366 for $314 loss

Account balance = $6204

 

[mentormeplease]

EURUSD and AUDUSD lined up quite nicely. Saw it too late thought, they've already taken off (without me )

 

[mentormeplease]

Losing trades on friday and monday. Still battling to post them due to the annoying error but will try and do so again tomorrow. Fridays USDCHF short was disappointing as I had a very tight stop and got stopped out. We all know what happened after that. Even captain currency called it and it could have ran into good profit.

 

[mentormeplease]

Fridays trade:
Sell USDCHF @ 0.9202
SL: 0.9210
TP: 0.9186
I had a tight stop with a very small profit margin but the stop was too tight.
SL hit with $217 loss.

 

[mentormeplease]

Mondays trade:
Sell GBPCHF @ 1.4371
SL: 1.4387
TP: 1.4338
SL hit with $226 loss.

Current balance: $5760

 

[mentormeplease]

GBPCHF setup for long
Order filled @1.45036 (0.5 lots)
SL: 1.4461
TP: 1.4587
SL is wide so TP is high as well but will monitor closely and make adjustments where required.

 

[mentormeplease]

EURGBP setup for short
Order filled @0.8303 (1.3 lots)
SL: 0.8323
TP: 0.8263

 

[mentormeplease]

Stops on both trades moved to BE. I should have taken some off but I'm looking for 2:1 R:R.

 

[mentormeplease]

Both stopped out at BE.

 

[Twonny]

Hey Mentor

Nice work on the journal, BTW do you use the 3 ducks indicator that alerts you when the ducks are in a row among 14 pairs.. Seems pretty good and saves a lot of screen time..

 

[mentormeplease]

Hi Twonny,
Thanks for the comments. No I haven't tried the indicator. In fact I didn't know that one existed. Perhaps you could post the link to the download.

 

[Twonny]

No problem: NexGen4x: Free 3 Ducks Indicator
Good luck and don't forget to report here!

 

[mentormeplease]

Thanks Twonny,
Will definitely have a look at it.

 

[mentormeplease]

GBPAUD lined up for short,
Entry 1.5 lots @1.47093
SL 1.47320
TP 1.46550

 

[mentormeplease]

SL hit -$364
Balance: $5397

 

[mentormeplease]

EURUSD setup for long.
Got in on the retracement at 1.3251 (1.5 lots).
SL = 1.3231
TP = 1.3292

 

[mentormeplease]

SL up to BE @ 1.3252

 

[mentormeplease]

SL hit at BE

 

[mentormeplease]

Is it just me or are there just no decent 3 duck setups recently?