Simple Forex System Trading

It’s a horrible day.  We got stopped out on both sides, a total of loss of 60 pips.  Terrible!

We lost 30 pips today.  The stop sell order at 147.81 was filled at 7:12 GMT, and it was stopped out about 1/2 an hour later.

We broke even today with our euro yen 30/30 breakout system.  I moved the stop loss too quickly and got stopped out right away.  Had I not moved the stop loss, it would have turned out to be a profitable trade.  The sell stop, 149.60, was filled at 7:11 GMT.  Within minutes, the price went south quickly and was in our favor.  It hit as low as 149.32 (offer) and was merely two pips shy away from the take profit target.  The price began to rebound from that point.  I decided to move the stop loss to the entry point of 149.60.  At 7:19 GMT, only 8 minutes after entering the trade, the order got stopped out - zero pip today.

Our stop buy order, 152.41, brought us a 30-pip profit today.  All it took was only 2 minutes from entering the market to exiting.  Talking about a fast market, it was crazy.

Today, it should be our last trade in August and we raked in 30 pips.  During the London session, Japanese Yen was on fire.  The stop sell order, 160.66, was filled at 7:31 GMT and our take-profit target, 160.36, was hit about 9 minutes later. 

It’s a double whammy day.  We had a loss of 60 pips.  Both stop buy and sell orders hit the wall today.  It was a ranging market during the European session.  First, the stop sell order 160.84 was filled.  As soon as it was filled, the price movement turned around and hit our stop loss.  The same action repeated itself when the stop buy order was filled.  Oh well, better luck tomorrow. 

It was a break-even day for us today.  Both trades were executed - one win and one loss.  During the super fast market this morning in the European session, the stop buy order was first filled at 161.41.  Ten minutes later, the stop loss was hit.  We incurred a 30-pip loss.  And then, 4 to 5 minutes later, the stop sell order was filled at 160.81.   Surprisingly, just in 5 minutes, our take profit target was reached.  This time, we gained 30 pips.  So, we netted zero pip today.

Today, we had a small profit of 14 pips.  Our stop buy order of 162.19 was filled; however, by 13:30 GMT, the 30-pip take profit target, 162.49, was not reached yet.  So, we changed the take profit to 162.33, and the stop loss to 162.22.  Finally, at around 14:00 GMT, our take profit 162.33 was hit, 14 pips of profit.