Trading Reco 12

I am going to make some changes to my trading, primarily trying a longer time period for trading, and targeting larger profits. Stops are fixed, if the entry is triggered, but we will place edit our stop to protect profits if the intended exit is hit.

Emini S&P Short
Day Entry: 1312.00
Intended Exit: 1299.00
Fixed Stop: 1321.00
Current: 1311.00
1 contract

For Gold, the position exposure is too huge with the Comex Gold 100 troy ounce contract if we are going to hold for more than a day. We are going to use the smaller contract CBOT Mini Gold  33.2 troy ounce contract, so that we can hold longer, as well as putting in more contracts for averaging.

Mini Gold Long
Day Entry: 1429.0
Intended Exit: 1449.0
Fixed Stop: 1398.0
Current: 1430.3
1 contract

Results of Trading Reco 11

S&P and EUR/USD
Fail to trigger.


Gold Short
Hit Entry 1405.2 at 8.50pm 25/02/11
Hit Stop 1415.2 at 7.39am 28/02/11
Realised Loss: $1000

Account Balance: $19,800

Trading Reco 11

S&P Long
Entry: 1307.50
Exit: 1315.50
Stop: 1299.50
Day order 1 contract
Current: 1312.00

EUR/USD Short
Entry: 1.3803
Exit: 1.3733
Stop: 1.3873
Day order 1 contract
Current: 1.3780

Gold Short
Entry: 1405.2
Exit: 1395.2
Stop: 1415.2
Day order 1 contract
Current: 1402.5

Results of Trading Reco 10

S&P Long
Hit Entry 1313.75 at 2.23am 24/02/11
Hit Stop 1305.75 at 12.49am 25/02/11
Realised Loss: $400


EUR/USD and Gold
Fail to trigger.

Account Balance: $20,800

Trading Reco 10

S&P Long
Entry: 1313.75
Exit: 1321.75
Stop: 1305.75
Day order 1 contract
Current: 1318.75

EUR/USD Long
Entry: 1.3648
Exit: 1.3708
Stop: 1.3588
Day order 1 contract
Current: 1.3712

Gold Long
Entry: 1398.5
Exit: 1408.5
Stop: 1388.5
Day order 1 contract
Current: 1401.7

Results of Trading Reco 9

S&P and Gold failed to make entry.

EUR/USD Long
Hit Entry 1.3481 at 9.31pm 16/02/11
Hit Exit 1.3541 at 12.29am 17/02/11
Realised Profit: $600

Account Balance: $21,200

Trading Reco 9

S&P Long
Entry: 1323.75
Exit: 1331.75
Stop: 1315.75
Day order 1 contract
Current: 1332.50

EUR/USD Long
Entry: 1.3481
Exit: 1.3541
Stop: 1.3421
Day order 1 contract
Current: 1.3552

Gold Long
Entry: 1363.1
Exit: 1373.1
Stop: 1353.1
Day order 1 contract
Current: 1377.5

Results of Trading Reco 8

All trades fail to trigger entry.

Trading Reco 8

S&P Long
Entry: 1321.75
Exit: 1329.75
Stop: 1313.75
Day order 1 contract
Current: 1326.50

Gold Long
Entry: 1355.8
Exit: 1365.8
Stop: 1345.8
Day order 1 contract
Current: 1373.2

EUR/USD Long
Entry: 1.3436
Exit: 1.3506
Stop: 1.3366
Day order 1 contract
Current: 1.3525

Results of Trading Reco 7 (27/01/11)

S&P Short
Hit Entry 1295.50 at 8.36pm 27/01/11
Hit Exit 1287.50 at 11.33pm 28/01/11
Realised Profit: $400

Gold Long
Hit Entry 1331.1 at 8.50pm 27/01/11
Hit Stop 1321.1 at 12.16pm 28/01/11
Realised Loss: $1000

Account Balance: $20,600

Trading Reco 27/01/11

S&P Short
Entry: 1295.50
Exit: 1287.50
Stop: 1303.50
Day order 1 contract
Current: 1294.50

Gold Long
Entry: 1331.1
Exit: 1341.1
Stop: 1321.1
Day order 1 contract
Current: 1337.2

Results of Trading Reco 25/01/11

S&P Long
Hit Entry 1282.75 at 9.01pm 25/01/11
Hit Exit 1290.75 at 12.12pm 26/01/11
Realised Profit: $400

Account Balance: $21,200

Trading Reco 25/01/11

S&P Long
Entry: 1282.75
Exit: 1290.75
Stop: 1274.75
Day order 1 contract
Current: 1284.25

Results of Trading Reco 20/01/11

S&P Long
Hit Entry 1276.75 at 6.46pm 20/01/11
Hit Stop 1267.75 at 12.33am 21/01/11
Realised Loss: $450

Account Balance: $20,800

Trading Reco 20/01/11

S&P Long
Entry: 1276.75
Exit: 1285.75
Stop: 1267.75
Day order 1 contract
Current: 1279.00

Results of Trading Reco 19/01/11

EUR/USD Short
Hit Entry 1.3477 at 6.34pm
Hit Stop 1.3537 at 9.35pm at the high
Realised Loss: $600
Notes: Very bad trade.
A higher entry point or a target of 70 pips would have avoid the loss.
Market was sideways.

S&P Short
Hit Entry 1294.75 at 8.54pm
Hit Exit 1286.75 at 10.51pm
Realised Profit: $400

Account Balance: $21,250

Trading Reco 19/01/11

EUR/USD short
Entry: 1.3477
Exit: 1.3417
Stop: 1.3537
Day order 1 contract
Current: 1.3465

S&P Short
Entry: 1294.75
Exit: 1286.75
Stop: 1302.75
Day order 1 contract
Current: 1293.00

Results of Trading Reco 14/01/11

Gold Long
Hit Entry 1365.8 at 6.08pm 14th Jan
Stop 1351.8 and Exit 1379.8 not triggered yet
Current: 1370.8 Unrealised: $500

S&P Long
Hit Entry 1277.25 at 8.05pm 14th Jan
Hit Exit 1286.25 at 1.33am 15th Jan
Realised: $450

Account balance: $21,450.

Pre Advance Retail Sales Trade

Gold Long
Entry: 1365.8
Exit: 1379.8
Stop: 1351.8
Day order 1 contract
Current: 1367.3

S&P Long
Hold previous day position
Entry: 1277.25 (If another is sought)
Exit: 1286.25
Stop: 1268.25
Day order 1 contract
Current: 1279.50

Results of Trading Reco 13/01/11

EUR/USD Long
Did not trigger entry.
Lowest was 1.3120 after placing trade.
Went up more than 300 pips as of 5pm.

S&P Long
Hit Entry 1278.25 at 11.10pm
Did not trigger exit and stop.
Current Price: 1281.25
Unrealised: $150

Pre Rate Decision Trade

EUR/USD Long
Entry: 1.3111
Exit: 1.3171
Stop: 1.3051
Day order 1 contract
Current: 1.3158

S&P Long
Entry: 1278.25
Exit: 1286.25
Stop: 1270.25
Day order 1 contract
Current: 1282.75

Results of Trading Reco 07/01/11

EUR/USD Short
Hit Entry 1.2998 at 9.32pm
Hit Exit 1.2938 at 9.41pm
Profit 60pips or US$600

Emini S&P Short
Hit Entry 1270.25 at 7.54pm
Hit Exit 1262.25 at 12.35am
Profit 8pts or US$400

To simulate a real trading account, my balance will start from US$20,000 to be able to accommodate the margin for 1 contract of every product: EUR/USD, Comex Gold and Emini S&P.

Thus, after the trade, account balance will be $21,000, and returns will be 5%.

Pre NFP Trade

EUR/USD Short
Recommended Entry: 1.2998 Exit: 1.2938 Stop: 1.3058
Target: 60pips Day Order 1 contract
Current Price: 1.2981

Emini S&P Short
Recommended Entry: 1270.25 Exit: 1262.25 Stop: 1278.25
Target: 8pts Day Order 1 contract
Current Price: 1267.25