Hi.
At this very moment in time my account balance is £622.48 but £69.20 is unrealized profit (I have 7 open positions)
I started the journal end of April with £560, went down to about £555. Only risk 0.5% or thereabouts on each trade.
Just back.
Stop losses hit on all of the above. Will update open positions and orders in a bit and may start locking in or taking profits, although this has meant me missing out on two trades with risk:reward 1:10.
Open positions
EUR/JPY: sold 103.46, initial sl 103.76
AUD/JPY: sold 79.95, initial sl 80.23
USD/JPY: sold 80.48, initial sl 80.75
AUD/USD: bought 0.9880, initial sl 0.9842
USD/CHF: bought 0.9338, initial sl 0.9308
GBP/USD: bought 1.5812, initial sl 1.5782 (now at 1.5772)
USD/CAD: bought 1.0055, initial sl 1.0025
Initial stop loss is given so that initial risk:reward can be calculated.
Pending orders
GBP/USD: buy 1.5775, sl 1.5745
EUR/USD: buy 1.2628, sl 1.2580
EUR/USD: sell 1.2877, sl 1.2917
AUD/USD: sell 1.0020, sl 1.0060
All subject to change!
All other pending orders have been cancelled.
Now need to look at locking/taking profits
At the moment, account balance is £626 but £72 is unrealised profit
Account balance at beginning of May was approx £555.
Approx 0.5% risked per trade.
EUR/JPY: sold 103.46, initial sl 103.76
AUD/JPY: sold 79.95, initial sl 80.23
USD/JPY: sold 80.48, initial sl 80.75
AUD/USD: bought 0.9880, initial sl 0.9842
USD/CHF: bought 0.9338, initial sl 0.9308
GBP/USD: bought 1.5812, initial sl 1.5782 (now at 1.5772)
USD/CAD: bought 1.0055, initial sl 1.0025
Initial stop loss is given so that initial risk:reward can be calculated.
Pending orders
GBP/USD: buy 1.5775, sl 1.5745
EUR/USD: buy 1.2628, sl 1.2580
EUR/USD: sell 1.2877, sl 1.2917
AUD/USD: sell 1.0020, sl 1.0060
All subject to change!
All other pending orders have been cancelled.
Now need to look at locking/taking profits
At the moment, account balance is £626 but £72 is unrealised profit
Account balance at beginning of May was approx £555.
Approx 0.5% risked per trade.
Last edited:
AUD/JPY: closed at 78.45 for risk:reward just over 1:6
EUR/JPY: stop loss moved to 101.25 to lock in risk reward approx 1:8
GBP/USD: closed at 1.5782 for loss of 30 pips = approx 0.5%
Looking at other open trades so may update this post.
Last edited:
GBP/USD: buy activated at 1.5775 and stop loss hit for 0.5% loss
AUD:USD: stop loss hit at 0.9842 for buy at 0.9880 for 0.5% loss
USD/CAD: closed at 1.0208 for risk:reward of 1:5
Will need to analyse take profit levels as some closed trades have done much better than risk:reward of 1:5.
Also need to look at improving losses on trades where full loss is taken, i.e moving stop losses.
0.5% for each trade is calculated using account balance if all open trades hit their stop losses.
Last edited:
Stop loss hit for risk: reward of 1:8
Open Trades
USD/CHF: bought 0.9338, initial sl 0.9308
Pending Orders
AUD/JPY: buy 77.77, sl 77.47
AUD/JPY: sell 77.97, sl 78.28
EUR/USD: sell 1.2870, sl 1.2920
USD/JPY: sell 79.48, sl 79.78
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
EUR/GBP: sell 0.8138, sl 0.8166
EUR/JPY: buy 101.03, sl 100.72
EUR/JPY: sell 101.97, sl 102.27
All subject to change.
USD/CHF: bought 0.9338, initial sl 0.9308
Pending Orders
AUD/JPY: buy 77.77, sl 77.47
AUD/JPY: sell 77.97, sl 78.28
EUR/USD: sell 1.2870, sl 1.2920
USD/JPY: sell 79.48, sl 79.78
GBP/JPY: sell 125.48, sl 125.78
GBP/JPY: sell 125.73, sl 125.98
EUR/GBP: sell 0.8138, sl 0.8166
EUR/JPY: buy 101.03, sl 100.72
EUR/JPY: sell 101.97, sl 102.27
All subject to change.
Last edited:
EUR/JPY buy at 101.03 activated
AUD/JPY trades activated. Am looking for AUD/JPY to break above 78 or break to the downside, hence the buy and sell.
GBP/JPY sell at 125.48 activated.
Also placed order to sell USD/JPY: 79.72, sl 80.02.
May look to move stop losses on activated trades to prevent any full losses but have to go out.
AUD/JPY: stop loss on buy at 78.77 moved to 78.62.
Orders Added
AUD/JPY: buy at 78.53, sl 78.23
GBP/JPY sell at 125.73 activated
stop loss hit at 125.78
Stop loss hit at 78.28 for AUD/JPY sell at 77.97
Stop loss moved to 101.85 (initially at 101.73)
Activated.
May adjust stop loss on GBP/JPY sell at 125.73 (sl 125.98) as UK data out at 0930. Position is less than 0.5% so not too concerned.
