EUR/USD Breakout II

[Maji]

An intraday adverse move spoiled the party today.

Signal for 11/14

Signal Entry Stop Profit

Long 1.1794 1.1761 1.1860
Short 1.1675 1.1708 1.1609

The record is now 19 wins, 20 losses and 1 Breakeven for 258 pips profit.

Have a great day.
Maji

[Maji]

Another losing day

Signal for 11/17

Signal Entry Stop Profit

Long 1.1835 1.1802 1.1901
Short 1.1748 1.1781 1.1682

The record is now 19 wins, 21 losses and 1 Breakeven for 225 pips profit.

Have a great week.
Maji

[Maji]

The markets gyrated to trigger trades on both sides. The long side hit the stop loss, while the short was offset at the close of the bar for a 3 pip loss.

Signal for 11/18

Signal Entry Stop Profit

Long 1.1804 1.1773 1.1865
Short 1.1674 1.1705 1.1613

The record is now 19 wins, 23 losses and 1 Breakeven for 191 pips profit.

Have a great day.
Maji

[Maji]

These are the days when you want to kick yourself for setting profit targets. Professional traders like Grunwald, who use time based exits, made another 100 pips today in addition to the 61 pips the system made! Time based exits have their weaknesses, but I am seriously thinking of incorporating that in this system. However, my day job commitment makes my exit times inconsistent, and that worries me. Just as a matter of fact, if I had used time based exits, the drawdown period would have been over today! This system makes a good sum of its annual profits on these few abnormally large range days. As most system traders know, breakout systems make most of their money from a few trades, and I am slowly finding out how true it is. Anyway, this is a live and learn game, and I am trying my best to learn

Signal for 11/19

Signal Entry Stop Profit

Long 1.2098 1.2063 1.2169
Short 1.1847 1.1883 1.1777

The record is now 20 wins, 23 losses and 1 Breakeven for 252 pips profit.

If you have any comments, please let me know.

Have a great day.
Maji

[Maji]

No trades were triggered today.

Signal for 11/20

Signal Entry Stop Profit

Long 1.1933 1.1897 1.2005
Short 1.1818 1.1854 1.1746

The record stays at 20 wins, 23 losses and 1 Breakeven for 252 pips profit.

Have a great day.
Maji

[Maji]

A losing day today.

Signal for 11/21

Signal Entry Stop Profit

Long 1.1992 1.1955 1.2066
Short 1.1885 1.1922 1.1812

The record is at 20 wins, 24 losses and 1 Breakeven for 216 pips profit.

Have a great day.
Maji

[Maji]

Another losing day on Friday

Signal for 11/24

Signal Entry Stop Profit

Long 1.1973 1.1939 1.2042
Short 1.1880 1.1914 1.1811

The record is at 20 wins, 25 losses and 1 Breakeven for 179 pips profit.

Have a nice week.
Maji

[Maji]

System hit the profit target. Again, I see the limitations of using a profit limit order. Could have booked another 100 pips today, if I used a time based exit based on 5 pm EST.

Signal for 11/25

Signal Entry Stop Profit

Long 1.1846 1.1810 1.1920
Short 1.1680 1.1716 1.1606

The record is at 21 wins, 25 losses and 1 Breakeven for 258 pips profit.

Have a great day.
Maji