GulfCoastPips Trade Journal
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Thread: GulfCoastPips Trade Journal

  1. #1
    Updated: 3.31.2008

    following a few months of demo trading, opening up two live accounts, and developing my own little system I am pretty familiar with my trading style. Here I will discuss some of my transactions as I take them. I don't advise you to take them without you performing your own due diligence however. I am not a guru and do not claim to be one either.

    For the most part I am trading on the 1 hour and 4 hour charts. My preferred pairs on GJ and EJ. However my system will work with any pair. I may hold a position anywhere from a few minutes to 1-4 days.

    My transactions start at post 28, to see them click here.



    At this time I do not intend on sharing my system. My advice is to create your own system, play with it on demo, tweak it on a small live account, examine and retest.

  2. #2
    Hey GulfCoast, welcome on board.

    Good luck with your trading, and I look forward to your journal.

  3. #3
    Entry #3 - Today's the start of the Piptopia Live Contest

    Well, today's the start of the Piptopia Live Contest. Looks like quite a turn out! For additional information https://fx2.oanda.com/mod_perl/fxcon...scontestId=495.

    Will I win the competition? lol. I seriously doubt it, but how will I do than the others. I'm guessing that I will do better and worse than alot.

    The system that I've developed with the help of the many free systems available here and elsewhere appears to be functioning fine. I need to learn trust the system and how to follow my principles. It reminds me of the very first time I bought a GPS unit. I still got lost! I didn't expect the device and thought I knew where I was going! It took me a good 6 weeks to learn how to trust the GPS unit. I imagine that it will take me awhile to trust my trading system also.

  4. #4
    Entry #4 - Contest Standings After The First Day

    Well, after the initial day of the https://fx2.oanda.com/mod_perl/fxcon...scontestId=495 the results come up, and as I expected I did better than some and worse than alot. I went on a single trade when I should have went short, rather than getting out of the trade I guessed it flip around. . .it still hasn't. My sign was to go short too!

    However, as I expected I'd better than some and worse than alot. It will be interesting to see how this all pans out in the long run.

    Here's a couple of pictures of the top runners and another of these playing ch up.


  5. #5
    Entrance #5 - This week I plan on adding my trades into my journal

    I'm feeling confident enough in my system which....

    This week I plan on adding my trades to my journal. This will not be some kind of recommendation for others to follow however! By no means do I recommend anyone follow my trades (not in a demo accounts)! It will let me track my progress a little though.

    I'll attempt to add my trades as close to real time as you can. We'll see how this pans out.

  6. #6
    Quote Originally Posted by ;
    Entrance #5 - This week I plan on incorporating my transactions to my journal

    I am feeling confident enough in my own system that....

    This week I plan on incorporating my transactions to my diary. This will not be some sort of recommendation for others to follow though! By no means can I urge anyone follow my transactions (not even in a demo accounts)! It will let me monitor my progress a little though.

    I'll try and put in my transactions as near real time as possible. We'll see how this pans out.


  7. #7
    Entrance #6 - Here's a Couple of trades I Only closed out

    2008.02.01 20:19 Long USD/CHF 1.0846 2008.02.01 20:34 1.0849 = 3 pips

    2008.02.01 17:47 Long GBP/USD 1.9726 2008.02.04 10:25 1.9752 26 pips

    2008.02.04 03:30 Long GBP/JPY 210.27 2008.02.04 10:25 210.92 65 pips

  8. #8
    Entry #7 - Trade I just closed out

    2008.02.04 14:31 Long GBP/USD 1.9766 / 2008.02.04.14:48 1.9770 4 pips

    No losing transactions yet today.

  9. #9
    Entrance #8 - Just closed EUR/USD for a few pips

    2008.02.04 15:11 Long EUR/USD 1.4833 / 2008.02.04 18:56 1.4839 6 pips

  10. #10
    Entry #9 - Another EUR/USD exchange closed for a few pips

    2008.02.04 19:36 Long EUR/USD 1.4833 / 2008.02.04 19:47 1.4835 2 pips

    -------------------------------------
    Update: had two losses to the day for a total of -26 pips. Why did this occur? Because I had been to eager to exchange and jumped at the center of two ongoing trades! Never jump in the center of a trade! Wait for the next trade! As I've read 100 times on this forum. . .don't pursue the market, let the market come to you!

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