Stop moved to 1.1002. When I was on top of my game I would have liked to roll this to the weekly. Unfortunately I'm in profit-defending mode as I'm not in tune with the market as much anymore and can't get a good read. It will take time.
And there we have it. Long AUD/USD Result: 1.1002-1.0908= +94 pips = +0.72 risk points 3 Wins, 11 Losses. Win Percentage: 3/(3+11) = 21.4% Cumulative Risk Premia: -2.54 Average Risk Premia: about -0.18 risk points Last trades, recent at top: +0.72 -0.29 +1.85 -0.37 -0.34 -1.00 -1.00 -0.37 -1.00 -0.20 -1.00 -0.63 -0.03 +1.12
Two new orders. As they both have the USD, again they are OCO Long AUD/USD Trigger: 1.6225 Stop: 1.6417 Cancellation: 1.6446 or Wednesday 5:30 pm Risk: 192 pips = 1.18% of mark = 1.00 risk point Short EUR/USD Trigger: 1.4168 Stop: 1.4401 Cancellation: 1.4423 or Wednesday 5:30 pm Target: 1.3914 (limit out at this mark) Risk: 233 pips = 1.64% of mark = 1.00 risk point 3 Wins, 11 Losses. Win Percentage: 3/(3+11) = 21.4% Cumulative Risk Premia: -2.54 Average Risk Premia: about -0.18 risk points Last trades, recent at top: +0.72 -0.29 +1.85 -0.37 -0.34 -1.00 -1.00 -0.37 -1.00 -0.20 -1.00 -0.63 -0.03 +1.12
I made a mistake. That first order was on the GBP/USD The GBP/USD would have triggered at 8:15 am, the EUR/USD at about 3:15 am. So in EUR/USD. I'm not persuaded that this is just a holding period within an uptrend, so I'm tightening my stop down to 1.4260. I may revisit it later tonight and close it after thinking it over.
Reading your log and I can tell you one thing based from my own experience. Get away from the noise of day trading. And stick with long term trading. Long EUR since Jan of this year and holding. Target 175
Stopped out at 1.4260 Trade Result: 1.4161 - 1.4260 = -99 pips = -0.42 risk points 3 Wins, 12 Losses. Win Percentage: 3/(3+12) = 20.0% Cumulative Risk Premia: -2.96 Average Risk Premia: about -0.20 risk points Last trades, recent at top: -0.42 +0.72 -0.29 +1.85 -0.37 -0.34 -1.00 -1.00 -0.37 -1.00 -0.20 -1.00 -0.63 -0.03 +1.12
New Order Short USD/CHF Trigger: 0.7804 Stop: 0.7676 Cancellation: 0.7603 or Friday 3:50 pm Target: 0.8073 altho earlier target as well (limit out at this mark) Risk: 128 pips = 1.64% of mark = 1.00 risk point Record: 3 wins, 12 losses Cumulative risk points: -2.96 It's remarkable that elitetrader still only allows 2003 xls files.
The last order should have read "long", not short. New Order Long USD/CHF Trigger: 0.7326 Stop: 0.7180 Cancellation: 0.7180 or Thursday 5:30 pm Risk: 146 pips = 1.99% of mark = 1.00 risk point Record: 3 wins, 12 losses Cumulative risk points: -2.96 Normally I would think this trade is foolish if not an outright waste, but the intraday signals look amazing. This leads me to believe that the trade has the potential to be a major intraday, daily, weekly, and even monthly reversal. If any percentage of that is true, I intend to take a chunk from it. This will be fun. : )