03:15PM
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The past week up until yesterday have been a let down. Since last Thursday's post, I lost two more trades resulting in my account going down to just $0.16. Still, I have much confidence in my trading method because the equity would not have gone down that much if not for me risking a lot. The only reason I'm risking a lot is because I'm not trading with a lot of money to begin with and compounding with each return. If my equity had been $1000 or more, then I will put my knowledge of good money management to good use and will only risk from 2% to 5% for each week's trade and only compounding weekly which will and can produce between 1% to 5% ROI every week.

Let's talk about today's trade. This afternoon I set a buy order at 1.6528 after seeing that the market is probably trying to test the resistance level of 1.6600. The order was filled at exactly 2PM and at this time of writing, the market is looking to go upwards.....hopefully. My position is still open with a +20 pips of unrealized profit and I had set the TP at 1.6662 or the position to be closed at 6PM if TP is not achieved yet. I will update again soon.

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07:03PM
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Today there's not much action. Just the usual open buy & sell orders that I placed. My buy order of 1.6528 was filled at 4:30PM. The market then went sideways for the next one and a half hours and eventually I closed the position at exactly 6PM with a loss of -8 pips. Hope to be here tomorrow.

Today's performance -
--------------------------
Pips Lose = -8
Yesterday's Balance = $0.25
Today's Balance = $0.24

Ciao.

.

09:20AM
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It's morning and I have nothing to do. Logged onto my trading account and saw an opportunity to sell GU and take profit for just 10 pips in this Tokyo session. So, I immediately set up a sell order at 1.6379. The order is not filled yet but I'm confident it will be a winner once it is filled. What can I say, I just can't help myself....hehe.

01:05PM
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The sell order looks like is not going to be filled anytime soon, so I've already cancelled the order.
I will trade again later in the London session.

04:17PM
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One hour and fiftenn minutes earlier my pending sell order of 1.6338 was filled. My target is for 30 pips at 1.6308. It nearly hit the target just 20 minutes after it opens with only 5 pips to spare but then the price went up and as of now the quote is 1.6334 which is only +4 pips of unrealized profit. I will update again later if the trade is a winner or not.

07:40PM
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I really hate the inconsistency of actual trading where you win once or twice then you lose and took away the profits of the initial wins. This have been happening almost every week since second quarter of June. In the end you get back to square one and starts over again. Hypothetically the results should be great to the the extent of having great performance every week as the back-tested shows. But alas, in actual trading a lot have to be considered such as the spreads, the timings and the discipline of execution or lack of, other unavoidable circumstances of everyday life and of course pure luck.

What happened today actually can be avoided. Fifteen minutes to 6PM my position was in the red at -20 pips. It started at 4:30PM when the MPC (monetary policy comittee) minutes came out and create a huge spike up. The spread was also widened to 10 pips. My position was still intact because my stop loss was 85 pips from entry and the spike did not touch them. But, I knew then that the market has changed its movement and going to the upside. I just want to wait until it retraces a bit and close the position at 6PM no matter where the price was.

So, fifteen minutes before 6PM and what did I do? I lie down on the bed and believe it or not, my eyes went shut and I took a nap. I woke up at fifteen minutes past 6PM and was upset at myself for sleeping because the price now went up and now showing -47 pips in the red. If I had not slept and able to close the position as per the strategy, my loss will only be at -19 pips.

Now, my emotions start to kick in and logic have gone entirely. So, I said to myself that I will let the position be and see where it goes 3 hours from then. It only took 1 hour for it to go all the way up and eventually hit the stop loss. What a bummer...that sums up today's trade. Hope tomorrow will be a different story.

Today's performance -
--------------------------
Pips Lose = -85
Yesterday's Balance = $0.33
Today's Balance = $0.25

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04:30PM
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I have been doing a bit of strategy fine tuning. My trading method will still be the same but the Take Profit level from now on will only be 30 pips from entry for every trade as oppose to the 100 pips that I usually set. My logic is that 30 pips is always achievable at least 95% of the time during the London session and within the first few hours of trading but 100 pips is not too often reached. This change is also to minimise the potential wins turning into losses. Though you might think that 30 pips is not a big amount but imagine if you reach that target every day and on top of that compounding the returns, think of what you can achieve a year from now.

So, today starts the new method and it have already tasted it's first victory. I shorted Cable on the start of the London session and nearly an hour later it hit the 30 pips TP. I'm up by two cents and now have $0.33 to the account balance. The market looks like it can continue further down but I'm satisfied with the trade and have to maintain discipline. Tomorrow will be another day. and I'm glad I'm on my offday from work so I can concentrate on my trading.

I've also decided to stop posting daily screenshots. You guys have to take my word for it whether I'm winning or losing. I will probably only post screenshots once during the weekends just to show my trading platform and the account balance to prove that I'm not taking you all for a ride.

Today's performance -
--------------------------
Pips Won = +30
Yesterday's Balance = $0.31
Today's Balance = $0.33

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09:10PM
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Last week's performance was terrible. Overall pips loss was -172 against +64 pips won. The end balance was $0.26 which is down by -31.66% from the previous week's balance.

I put the blame on the losses due to my day job. I realized that it is very difficult to trade and working a day job simultaneously. If was to trade, the computer with the trading platform logged into must be handy or at least available for instant viewing and/or for immediate opening or closing of positions. Also, I can't be busy with other work which was what happened last Thursday and Friday resulting in bad trades.

Okay, never mind last week's performance. Today I went long on Cable when the London session opened and netted +70 pips after closing the position at 6PM. The market is now probably going sideways or going back down for the rest of the day. The account balance is now $0.31. That's it for today and I'll be posting again tomorrow.

Ciao. Juf.

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11:40PM
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I really hate it when all of my efforts were destroyed because of a single click. I was rushing into placing pending orders this afternoon and mistakenly I clicked on market sell instead of limit sell. You see, clicking on market sell will immediately opened a sell position for the price quote at that moment. I quickly scan my charts and really thought that the market will go down so I just let the position be and logged out of Oanda. I then continue to do my day job.

Well, I'm not in the mood to go into details right now but the position hit my stop loss and now my account is left with $0.34. I am really disappointed because if I were able to place the pending orders it would have filled the buy order and I would have made a nice +50 pips profit instead.

Anyway, that's how it is in trading. You win some and you lose some. Hope tomorrow will be profitable.

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Before I go on about today's trade, I want to wish a Happy 63rd Birthday to my beloved monarch; The Sultan of Brunei Darussalam. May peace and blessings from Allah be upon him and his subjects.



08:30PM
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Four and a half hours after the London session opened, the market for GU finally went up. My pending Buy order @ 1.6413 was filled at 07:43PM.













As of writing, the position is still open with an unrealized profit of +21 pips. I will update again in half an hours time after I close the position at 9PM later.



09:05PM
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I've just closed the above trade for a +40 pips profit. I don't know where the market is going to go next. The best bet will be up but I'm not gambling here so no bettings allowed. Three days of trading have put me up by 20.38% from last week's end balance. So far so good. There are still two more days of trading available before the market closes for the weekend. Let's make these two days a good one.

Today's performance -
--------------------------
Pips Won = +40
Yesterday's Balance = $0.40
Today's Balance = $0.45















Have a nice day.

.

06:03PM
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Yesterday I was right not to follow my hunch and trade according to the strategy. As soon as I closed the short position, the market went straight up and did not stop even until today which eventually filled my buy order @1.6301.

Anyhow, I have already closed the long position a few minutes ago with just 11 pips that only makes 1 cent of profit. The market is still choppy and undecided so I'd rather close the position and try again another day. Though it can also go all the way up and I'm going to miss the ride but then again the market will still be here tomorrow so there's no need to chase it.

Today's performance -
--------------------------
Pips Won = +11
Yesterday's Balance = $0.39
Today's Balance = $0.40

Sorry, no screenshot today but you get the picture of what I'm talking about, right? See u guys tomorrow.

Ciao.
.

04:00PM
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Early this morning on the Tokyo session, GU went down to nearly -150 pips since opening. Now, in this London session I doubt if it will fall much further today but if it does then I will profit from it as my sell order got filled just 20 minutes ago @ 1.6063. All my indicators (EMA's, MACD's & SAR's) in 1hr, 3hr and daily charts are saying that it will go down, so fingers crossed and hope that it will.

My initial TP will as usual be -100pips from entry. If it does not hit TP, then I will asess the trade 2 hours from now to either close it or let it still be open. At this moment the trade is in a floating -25pips.



06:05PM
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A few minutes ago I closed the short trade above for just +14 pips of profit. I have a hunch that the pair might go down a bit more but I am trying to follow my strategy, not hunches. Being disciplined will bring me success and I truly believe this. So, today's trade only netted me 1 cent. At least it's better than nothing as shown in the screenshot below.














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04:50PM
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At the moment GU is looking like it's going to a sideways mode but don't take my word for it, we never know what might happen later. I've been waiting since the London session opened and now have set up two pending orders.

My bet is that GU will fall soon so I set a sell order at 1.6251 and take profit at -50 pips from entry. An hour after setting that order I saw that the pair still have no clear indication of where to go, so I set up another order but to go long at 1.6335 and also for a +50 pips take profit order.

Both orders are still not touched. lets just wait and see if today's trade will make me a nice little profit.


03:30AM
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Yup, it's 3:30 in the morning. I'm at work on the Zombie shift. As all my routine job is done, so now I'm on the internet trying to look into today's trade and post the outcome here.

At 05:40PM the sell order was filled. Nearly 1 hour later I was ready to go to work so I decided to close the trade instead of waiting for it to hit TP. I closed the trade at 1.6214 for a +37 pips profit as you can see in the screenshot below.















So, this week's performances is not that bad considering one of the loss was a mistake. The week started with $0.32 and saw an increase of 16.52% to make the end balance of $0.38 for the weekend.

I'll be seeing u guys next week and hope you all have a nice weekend.

11:45PM
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It's 15 minutes to midnight. I just woke up from a 2 hour nap which is a bit energizing after an exhausting day at work. This afternoon I managed to place a trade that made some profit to cover the loss that I endure last night.

At 3 PM I went long @ 1.6133 and three hours later I closed the trade @ 1.6200 for a +67 pips of profit. I could have made more than 67 pips if the position stayed opened because the market is going up at the moment with the price now at 1.6300. That is 100pips more than the time when I closed the position.

The account is now up 5 cents from last night to make it $0.34. We'll see if tomorrow I can secure some more pips before the market closes for the weekend.

Today's screenshot as below.














Good night & trade well.

10:20PM
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I'm exhausted after working nonstop since 7 in the morning and only returned home by 8PM. Luckily I found a few minutes to log into my Oanda account and set up a trade.

At 3PM I went long on Cable at 1.6119. The trade is still open after 7 hours but I have moved the initial take profit order from +100 pips to +30 pips. As of writing, the position is in a +10pips of unrealized profit.

Will update later if I'm not asleep yet. Hehe.


11:50PM
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Well, I've done it again. I've should have realised to close the trade as soon as it went into profit even a little bit because the trade have run it's course and being opened too long. Instead of a =10 pips win, the balance suffered an 8 cents loss and are now down to $0.29 with a 76 pips loss.

I still have two days before the market closes for the weekend and I hope these two days will be enough to turn around the tides and make a couple of wins instead of losses.

See u guys tomoroww.

03:56PM
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About 45 minutes ago my Sell order got filled at 1.6182. The position is now into a floating negative of -15 pips but the trade still have another two hours before I close it. Initial TP as usual is -100 pips from entry at 1.6082. The market is looking on going down after a correction during the New York session last night. I will update later tonight and hope it will be a good trade.















06:06PM
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I've just closed the short position for a -25 pips loss. The market seems to be in a dilemma with neither sellers nor buyers having a straight mind to get the market in a specific trend.

Anyway, I've also made another sell order at 1.6183 just in case the price retraces later in the night. The account lose 3 cents and now is at $0.34. Another thing to mention is that my TP order is now for only 30 pips at 1.6153.


11:58PM
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At 06:15pm the second Sell order got filled. The trade nearly turned into another loss but just under 2 hours ago it hit TP for a +30 pips profit that brought the account back to $0.37.
Good night everyone. Tomorrow I'll be working my day job. I know that I am still going to trade but I will not be able to post here, well not until I come home from work.

Below is a screenshot of today's trade.














See u guys tomorrow.
Trade well.

04:00PM

Hi. As expected, the market for GU went down from last week's closing to more than 100pips. About one hour ago, I went short on Cable at 1.6162. I set my intial TP to -100pips hoping that it will go that far this time. As of writing, the position is at an unrealized profit of 33 pips.

I will close the position at 6PM regardless of winning or losing if it haven't hit either TP or SL yet.

07:02PM

At exactly 6PM I closed the short position at 1.6111 for a +51 pips profit. Not bad for the first day of the week. My account was added 5 cents from this win to make it $0.37. That's enough for today. See u guys tomorrow.

09:40AM

At exactly the stroke of midnight, the short position opened yesterday was finally closed. I expected the market to go down a lot but that never happened. Instead it was ranging sideways until the market closed for the weekend.














Anyway, I still made a small 19 pips of profit. The account was only added 1 cent to make it $0.32. To summarize this week performance, Total pips won was +98 pips and lose was -108 pips. I am down by -5.18% from the beginning of the week's balance.

Next week, by trading solely on the London session, I expect to see major changes in the trading performance and statistics.

Have a nice weekend everyone and hope to see u all next week.

Juf

04:05PM

This morning no trade set up was found for the Tokyo session. Next week I will scrap the trade strategy for the Tokyo session and just concentrate on the London session. So, come next week I will only post here of my trades after 3PM daily if I get the chance.

Today, I've just opened a Sell position at price 1.6346. Every single time-frame indicates the market is going down at the moment. Normally I would set target for Fridays at 50 pips but I want to test this market today and see if it can go down to 100pips.

I will try to update on this trade soon.

06:01PM

As of writing, the trade is in a positive 2 pips only. So, I decided not to close the position yet and wait it out until the next 3 hours or if TP is reached, whichever come first.

09:01PM

After 5 hours the short position above only registered an unrealized 1 pips of profit. All indicators are still showing the market going downwards. So, I am going to let the position open for a further 3 hours and see what happens or whatever comes first, either it hits TP or SL.

03:10PM
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Good afternoon. This morning I did not find a good set up for the Tokyo session, so no trades were done. For the London session now, I just shorted Cable at 1.6400. Initial TP will be -100pips from entry. Hope today will be a good day.


06:20PM
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I've closed the short position at exactly 6pm with a profit of +20Pips. The price could possibly go down a lot more later tonight but I'm sticking with my strategy. The account now is $0.31 up to 2 cents from yesterday.

See u guys again tomorrow.

08:55AM

Hi. It's a wet morning today and the weather is cool. Haven't been like this in Brunei for months, so it is really a nice change. I'm trading the Tokyo session now. The market had been pretty choppy last month with the daily charts ranging sideways with no new clear trend at the moment. Well, wherever the market goes, I'll try to profit from it.

I've just placed a Sell limit order at 1.6402. TP will only be 20 pips. Can't be too greedy or I'll pay the price. I'll come back later with the result of this trade.

06:20PM

Today's a bummer. The above order was filled at 01:25PM but immediately after it was filled the price went up. Continuing into the London session, I left the position open and set a stop loss order at 1.6468 which is also the entry point for a buy order. The first decision was a mistake because the price went all the way to hit SL for a -66 pips loss. Once it hit the SL, the long order was filled and the market then came back down. I told you guys this morning that the market was choppy and it took a bite out of the profits made this past few days.

As for the Long order, I just closed the position for a -41pips loss. The account is brought down to $0.29 at the moment. I'm done for today. Hope tomorrow will be better.

Today's screenshot as below.














Trade well.
Juf.