Intraday Trades (M15) - 18 June '09

This is my final day trading my with my 'old' money management parameters.

GBP/USD

Daily bias is up whilst immediate trend is neutral.

Shorted 15 lots at 1.6352
Result: TP at 1.6225 (gain of 127 pips)

Long 30 lots at 1.6254
Result: GU moved up to 1.6279 before moving back below the Daily PP. SL hit at B/E (gain of 0 pips)

Long 30 lots at 1.6254
Result: SL hit at 1.6224 (loss of 30 pips)

Short 15 lots at 1.6224
Result: SL hit at 1.6254 (loss of 30 pips)

Long 30 lots at 1.6254
Result: TP on 15 lots at 1.6312. Trailing stops hits as follows: 4 lots at 1.6302, 4 lots at 1.6292 and 3 lots at 1.6282. Remainder of 4 lots (protected by SL at B/E) surpassed Daily PP and I TP at 1.6390.

Tally:
15 x 127 x 10
30 x 0 x 0
30 x -30 x 10
15 x -30 x 10
15 x 58 x 10
4 x 48 x 10
4 x 38 x 10
3 x 28 x 10
4 x 136 x 10
= USD23,970.00

EUR/USD

Daily bias is up and immediate trend is also up.


Short 30 lots at 1.3904
Result: SL hit at 1.3924 (loss of 20 pips) ** stupid trade on basis that I broke my own rules!

Long 30 lots at 1.3924
Result: TP at 1.3959 (gain of 35 pips)

NOTE: Staying away from EU for a bit. Having some 'bad luck'. Will stand aside...

Tally:
30 x -20 x 10
30 x 35 x 10
= USD4,500.00

GBP/JPY

Daily bias is down and immediate trend is also down.

Short 30 lots at 157.13
Result: TP at 155.15 (gain of 198 pips)

Long 15 lots at 155.25 (buy limit order hit)
Result: Set SL at 154.75 and just stood aside until TP target reached at Daily PP and closed 8 lots at 157.23 and 7 lots at 158.00

Tally:
30 x 198 x 10
8 x 198 x 10

7 x 275 x 10
= USD94,490.00


OVERALL TALLY: USD122,960.00

5 wins and 4 losing trades (1 at break-even) for a 56% daily win:loss. A more aggressive style clearly does not suit me, as clearly demonstrated by both GU and EU. A more conservative style, waiting & not simply jumping in PLUS the use of wide stops and clear targets has more than saved the day today!!! Overall, I'm a happy boy today. :-D

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