schoe's Blog

[schoe]

Schoe's Trendspotter Journal.

Simulated 10 K account now open using Etrade.

I work full time so won't trade every day but my trades using the
Trendspotter Software will be posted here at the end of each session I trade and the times I was available to trade,
along with profits and losses.

I will have a set 25 pip stop loss on all pairs I will start off risking about 2% per trade so I will start off at £8 per point per currency pair traded.

Watch this space.

Regards Schoe.

 

[schoe]

20/6/5

was only available to trade after 5.30 pm and took one long short signal on the GBP/USD at 182.34 at 1850 hours the market was choppy and two bars later I got an opposite signal so closed the trade for a 10 point loss didn't trade again or reverse as the market was range bound.

Balance 9920 -10 pips.

 

[schoe]

21/6/5

Got carried away today and failed to recognise the choppy conditions, hmmmm need to work at this.

4 trades, four losers! Lost 60 pips for a loss of 480.00 ouch.!

Speak to Sid from Phoenix make some adjustments to charts and trade from fifteen minutes rather than five min concentrating more on price alone with the TS signals and support and resistence.

Will try to shorten my stops to 15 to 25 pips depending on market conditions.

Balance now £9440.00

 

[schoe]

22/6/5

Ok trading only on 15 minute charts with support and resistence with one moving average and the TS arrow signals concentrating on the entries and keeping stops tight.

I traded for 1 hour, 7am until 8am, and 4pm until 7 pm.

Total of 10 trades across 4 currencies.

6 winners for 63 pips.
4 losers for -21 pips.

Total for the day 42 pips not bad considering I was away for the big move of the day.

Balance now at 9771.00

i am away until Sunday so no more trades this week.

 

[schoe]

27/6

Sorry for the lack of entries i've been away.

Traded for a couple of hours on Monday morning and made one trade for a loss of 14 pips.

Balance now 9659

 

[schoe]

28/6

Started trading at 7 am started badly with a gbp trade on buy signal that reversed on me I held on for a loss of 25 pips ouch!

Went short Euro soon after being stopped out and left that one running most of the day until an opposite signal for a gain of 42 pips.

Lastly took a sell signal on chf towards end of day but stopped out for a loss of 17 pips.

Total gain and loss on day 0 pips!

Its hard work but i'm learning it will be nice to get more consistent which I am sure will come with discipline Sid has been busy this week but he will be about more from next week and I am looking forward to learning how he trades the system.