results 30/10/08 - part II

Here are the results for today. Second part.

Today it's been the first day in which I could stay at home trading all day and I have to say that was an incredibly great lucky day :)

My demo account is great shape... REALLY GOOD SHAPE :D

Now it's really too bad for me that I'm only demoing. Where's the button were I can say "I was not playing"!

Anyway here the list of trades:

Short 100K @ 124.534 > 124.391 (+14.3 pips/+149.33$)

Short 100K @ 124.211 > 124.016 (+ 19.5 pips/+199.45$)

Short 800K @ 124.619 > 124.585 (+ 3.4 pips/+ 279.88$)

Short 400K @ 124.511 > 124.469 (+4.2 pips/+179.63$)

Long 1600K @ 124.674 > 124.779 (+10.5 pips/+ 1796.29$)

Long 100K @ 125.609 > 125.689 (+8.0 pips/+81.02$)

Long 100K @ 125.933 > 126.354 (+57.9 pips/+425.74$)

Short 200K @ 126.178 > 126.050 (+12.8 pips/+258.88$)

Short 200K @ 126.039 > 125.945 (+9.4 pips/+190.12$)

Short 200K @ 126.081 > 125.995 (+8.6 pips/+173.94$)

Short 100K @ 125.949 > 125.920 (+2.0 pips/+29.33$)

Short 200K @ 125.649 > 125.553 (+14.6 pips/+295.29$)

Short 100K @ 125.419 > 125.210 (+20.9 pips/+211.35$)

Long 100K @ 125.500 > 125.601 (+10.1 pips/+102.14$)

Short 300K @ 125.379 > 124.677 (+70.2 pips/+2129.70$)

Short 800K @ 125.449 > 124.655 (+79.4 pips/+6423.49$)

...what can I say :D

The account is actually at more than 21K $... a +320%!!

I really hope to have half the success I got during this week when "live". Next week will be a really important one for me as

One thing to remember... NEVER TRADE DURING NY OPEN... not for the first hour! Even if it doesn't appear so but I get stucked in a difficult situation at that time and I was lucky to solve it in profit.

No charts today. Sorry. And probably no more lists of single trades but only daily statistics.

I takes too much time and I have to choose if post something or nothing :) Better something ;)

Have a nice weekend,

Andrea

results 30/10/08 - part I

I'm just back home from 3 days out for work.

The family is already sleeping and... what's better than doing a few pips before going to bed? Spreads where quite big (between 10 and 15 pips) but as my friend Forexbird says... "addiction!"

Here are my trades until now:

Short 100K @ 127.593 > 127.469 (+12.4 pips/+126.99$)

Short 200K @ 127.455 > 127.357 (+9.8 pips/+200.73$)

Short 100K @ 127.369 > 127.313 (+5.6 pips/+57.35$)

Short 400K @ 127.188 > 127.092 (+9.6 pips/+392.59$)

Short 200K @ 127.085 > 126.750 (+33.5 pips/+684.99$)

That's a gain of +70.9 pips or 1.134,93$ (+22,7% only today). My demo account now is at 11.652,51$ from 5.000$ on monday (+133%!!).

Statistics are:

Gross Profit: + 70.9 pips

Total Trades: 5

W/L Ratio: 5:0

AVG Win: 14.18 pips

AVG Loss: 0 pips

Tomorrow I'll post charts! Promised! :D

Good night folks!

A.

more trades on 28/10/08

I continue trading that day and here are the results:

Short 100K @ 125.780 > 125.802 (-2.2 pips) ...SLIPPAGE! :( but it's OK :)

Short 200K @ 125.999 > 125.859 (+14.0 pips)

Short 400K @ 126.140 > 125.980 (+16.0 pips)

Short 200K @ 125.869 > 125.760 (+10.9 pips)

Short 200K @ 126.005 > 125.806 (+19.9 pips)

Short 100K @ 125.711 > 125.627 (+8.4 pips)

Short 100K @ 125.679 > 125.561 (+11.8 pips)

For a total gain of 78.8 pips equivalent to +1752.5$... Not bad ;)

Statistics for that sessions are:

Gross Profit: +78.8 pips

Total Trades: 7

W/L Ratio: 6:1

AVG Win: 13.5 pips

AVG Loss: 2.2 pips

And the WHOLE day statics become:

Gross Profit: +107.8 pips

Total Trades: 34

W/L Ratio: 1,83:1

AVG Win: 10.95 pips

AVG Loss: 11.1 pips

I'm very very happy aboout that day as I was able to more than double my initial 5.000$ in one day!

Too bad it's only demo trading. Surely when "live" I won't be that "efficient" but my plan is to become more and more "confident" with demo trading that when live it'll be "automatictrading" :D Just kidding!

A.

chart of 28/10/08 trades

results 28/10/08

I could only trade in the morning today as later I got to leave to go out of town for work for about 3 days.

It started as a very bad day as I was able to let my initial (small) gain become a -30 pips loss :(

Being cought in a ranging market and doing a couple of mistakes with the laptop trackpad closing two very good trades before they become profitable. Anyway I could only blame myself as most of the pips were lost taking trades I should have taken and not closing them "in time".

So I decided to have a little rest, do breakfast and start using the only technique that can work in a ranging market :) Use math!

This time I decided to work with "big" sizes" using thousands of microlots (100, 200, 400 and 800 in paticular).

In the end I trasformed my (demo) 5.000$ account in a 8.440$ account with a net gain of 3.440$ that a 68,8% gain in two hours (the period I traded today).

I used high leverage and increasing lot sizes to reach that result. As you'll see from the statistics that pips number are strange. I should have divided statistics in two: first hour and second hour :)

The first hour was a total loss. Then I changed my mind and I made a +160 pips using thousands of microlots each trade.

Loooots of things leaned today! I'll write a post in the next few days about that. Both the first hour and the second one teached me a lot in both ways... how no to lose and how to gain more money using a little math :)

I need more test to say how and when math can help in gaining more money.

My statistics for today:

Gross Profit: +29 pips

Total Trades: 27

W/L ratio: 1,45:1 (all the wrong trades were made in the first hour, then no loss)

Avg Win: 10 pips

Avg Loss: 11,9 pips

That's all folks! :)

A.

setup screenshots

I got two locations where I trade.

One is in the office where I can only rely only on my laptop display, a 15" and the other is at home where I can attach the laptop to a 23" external monitor.

Above are the screenshots of both the setups.

definition

Results are shown on a daily basis and the day starts and ends at 17.00 NY Time.

results 27/10/08

Gross Profit: +137 pips

Total Trades: 14

W/L ratio: 13:1

Avg Win: 8.9

Avg Loss: 31.4

Note: all day trading (but only in spare time) with almost regular spreads. Only one bad trade but with a large loss due to the speed of change and to my stupidity :) Traded almost with just one microlot.

results 26/10/08

Gross Profit: +46 pips

Total Trades: 12

W/L ratio: 2:1

Avg Win: 20.1

Avg Loss: 28.7

Note: some of the trades were made with quite high spreads (from 15 to 20 pips). See previous post. Traded with one or two microlots.

forex timing video

Very interesting article with a video:

Timing Trades With Moving Averages

http://biz.yahoo.com/fxcm/081024/1224890444143.html?.v=1

trading station test

Tonight I tested again the platform on Sidney open and in one hour I made 12 trades with a total gain of 48.3 pips with 8 positive trades and 4 negative trades (W/L ratio was only 2:1!).

I traded using 1 or 2 microlots.

The average win was 20,6 pips and the average loss was 29,12 pips.

But the average spread was 15 pips!! Never below 10 and sometimes about 20. I made a couple of bad mistakes letting loss go (one loss was -59 pips and one -44).

The platform is OK even if execution time is not optimal but probably it's becouse it sunday night and not everybody is so mad to trade EUR/YEN at that time and with that spread.

Daily average spread should be around 4 pips that would have turned the session in a 5:1 W/L ratio with about 240 pips gain... but it was a good test indeed ;)

Buonanotte,

A.

forex market hours

Here you can find market hours and current status of the world's currency markets. National bank holidays and weekends are taken into account.

There are at least two reasons why you should track the major forex market trading hours:

• The first hour after a major market opens is considered very important and often indicates how the session might develop.
• In periods when market 'trading hours' overlap, liquidity tends to increase because more traders are participating in the FX market.

Thanks to Oanda! :)

A.

fxcm micro

Following Forexbird's suggestion I decided to open a Micro account with FXCM Micro and fund it with 200$ to test the setup with "real" money.

Leverage is 1:400 and you can fund it with a minimum of 25$. You got no commissions (you pay them through the spread).

It's a nice solution, better that demos as you trade with real money.

The trading station platform is nice... at least good looking :) And it got everything is needed to trade succesfully:

• speed (the software feedback is very good, I've dowloaded even the Java version for Mac and Linux but it's still in beta and it's still not comparable to the "regular" Windows version)
• 1-click orders (absolutly a must when scalping, you got to open and close orders with less effort and time possible)

All the other features are usually not used when scalping but nice to have like "trailing stops", etc. Also informations about positions and account P/L, margin used, margin available, etc are well diplayed. Reporting is very well done and complete.

So I'm quite happy about that choise. I'll post my daily account "evolution" on the blog and let's see how long it'll take to me to wipe out 200$ :D

I forgot... you can fund your account with your credit&debit card so you got the money immediatly available for trading.

It seems MUCH better than Oanda by many point o f view. Surely I won't be free from slippage but I think I can stand that for now :)

Ciao,

Andrea