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My first interaction with forex was GBP/JPY, but more deep involved with forex, I learn that it's not about how you make a lot of profit, it's not about how fast you will gaining hundreds of pips. It's all about how you dealing with your psychological factors, how you manage your risk and stabilize your profit. It's true that GBP/JPY could give you hundreds of pips in an hour or less but it could take your all margin either.A fiew month ago, I decided reduce my trade in GBP/JPY and try to play in EUR/USD,It's hard time when I must learn new behaviour becouse trading in EUR/USD is not same thing dealing with GBP/JPY. EUR/USD has own rhythm. Based on that I decided to make this blog, I want to share with everyone about my journey to change my behaviour and I hope,you can feel the same thing, that it's not too late to learn something new and there is always new things to learn in forex market. Don't stop learn,once you stop it is same thing that you are dead. There is a lot thing I want to write but my limitation in english make it hard to me to wrtite, but I don't want give up. I believe, someday english would not be my constraints to write and share with you. My motto : Learn First, Wealth Will Follow.

Friday, July 3, 2009

summary of trading results July 2009 ( Eur/ USD )

*Day 1, Date : July 02, 2009 : original position sell on market price at 1.4165, TP Hit at 1.4035.Secondary position pending order (buy limit) executed, hard exit at 1.4096 (+6)
Result: Profit : 30 + 6 = 36 pips


*Day 2, Date : July 03, 2009 : Buy on market price at 1.3999, SL Hit at 1.3969
Result: Loss 30 pips


*Day 3, Date : July 08, 2009 : Sell on market price at 1.3909, TP hit at 1.3839
Result: Profit 70 pips



*Day 4, Date : July 09, 2009 : Original position Sell on market price at 1.3985, TP hit at 1.3955
Secondary position Buy Stop at 1.4015 executed target hit at 1.4045

Result: Profit 30 pips + 30 pips = 60 pips


*Day 5, Date : July 10, 2009 : Buy on market price at 1.3920, SL Hit at 1.3930
Result: profit 10 pips



*Day 6, Date : July 13, 2009 : Buy on market price at 1.3953, Target Hit at 1.4003
Result: profit 50 pips


*Day 7, Date : July 14, 2009 : Buy on market price at 1.3978, SL Hit at 1.3948
Result: loss 30 pips


*Day 8, Date : July 15, 2009 :
1.Pending order Limit Buy at 1.4020 not executed and canceled
2.Entry sell by market price at 1.4105 target hit at 1.4060
Result : profit 45 pips


*Day 9, Date : July 16, 2009 :
1.Entry Buy EUR/USD by market price at 1.4081, hard exit at 1.4146 ( profit 65 pips)
2.Entry sell by market price at 1.4130 target hit at 1.4115 (profit 15 pips)
Result : profit 65 + 15 = 80 pips


*Day 10, Date : July 17, 2009 :
1.Original order (pending order)executed, SL hit loss 40 pips
2.Secon Position entry by mrket, SL hit loss 30 puips
Result : loss 40 + 30 = 70 pips


*Day 11, Date : July 20, 2009 :
Sell on market price at 1.4167, SL hit at 1.4207 loss 40 pips
Result : loss 40 pips


*Day 12, Date : July 21, 2009 :
Buy on market price at 1.4208, SL hit at 1.4168 loss 40 pips
Result : loss 40 pips



*Day 13, Date : July 23, 2009 :
Buy on market price at 1.4244, SL hit at 1.4184 loss 50 pips
Result : loss 50 pips



*Day 14, Date : July 27, 2009 :
1.Buy on market price at 1.4216, Target hit at 1.4246 profit 30 pips
2. Second position sell limit executed, SL hit loss 30 pips
Result : Profit 30 pips - 30 pips = 0




*Day 15, Date : July 28, 2009 :
Buy on market price at 1.4187, SL hit at 1.4167 loss 20 pips
Result : loss 20 pips



*Day 16, Date : July 29, 2009 :
Buy on market price at 1.4186, cut loss
Result : loss 160 pips


*Day 17, Date : July 30, 2009 :
1.Sell EUR/USD at 1.4052, SL hit at 1.4170
2.Averaging at July 31,2009 : adding sell at 1.4147, SL hit at 1.4170
Result : loss 118 pips + 23 pips = 141 pips




TOTAL Profit/Loss : 36 pips + (-30 ) pips + 70 pips + 60 pips + 10 pips + 50 pips + ( -30 ) pips + 45 pips + 80 pips + (-70)pips + (-40) pips + (-40) pips + (-50) pips + 0 pips + (-20)pips + (-160)pips + (-141)pips

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DISCLAIMER

Trading of financial instruments involves substantial risk, including complete possible loss of principal plus other losses and is not suitable for all members of the public. This blog discusses my experiences and my style of trading. This blog is for entertainment and educational purposes only. The trades discussed here are MY trades. You make your own trades and you and only you are responsible for your trades. Ideas and opinions discussed on this blog are not in any way recommendations to buy or sell securities or investment advise.

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