Titan's PipWorld

[Titan]

Update: Wed, Dec 19th 2007

I have re-open two GbpJpy positions...


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Titan

[Titan]

Update: Thur, Dec 20th 2007

I have added to my GbpJpy position at 225.00


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Titan

[Titan]

Update: Thur, Dec 20th 2007

I just closed out all three positions for a loss of : -134 -136 -6 pips


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Titan

[Titan]

Update: Thur, Dec 20th 2007

Two new GbpChf positions open at 2.3033


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Titan

[Titan]

Update: Thur, Dec 20th 2007

Market is rough this week.

Closed Out GbpChf: -118 -118 pips




Titan

[Titan]

Update: Thur, Dec 20th 2007

Back in with two GbpJpy open trades at: 224.35 224.33


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Titan

[Titan]

Update: Fri, Dec 21st 2007

Still holding my two long positions on GbpJpy. I do not see an exit point for at least a week, may be even two weeks. Things right now look slow for this particular trade signal. So, we wait and enjoy some positive interest into our accts.


Titan

[Titan]

Update: Fri, Dec 21st 2007

Getting signals that GbpJpy will pull back next week, so I decided to close out my trades and re-enter at a later point.

Closed Out: Long GbpJpy 224.35 at 226.07: +172 pips
Closed Out: Long GbpJpy 224.33 at 226.07: +174 pips


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Titan


p.s. once the new year starts I will reset the demo-acct one last time and from there I will keep a posted track record of all trades.

[Titan]

The method in which I trade is called, Balance Point Trading. It tracks the actual tru-value of a given currency, then trades the imbalances of that particular currency pair until the balance point (tru-value) has been achieved.

I will reset my demo-acct Sunday instead of waiting for Jan 08. This will be the last time I reset the demo-acct and all trades will be posted. If you follow along in a demo or real acct please listen to the following rules.

1.) Reduce your unit size accordingly:

2,500 usd accts reduce your unit size to micro: 0.01
25,000 usd accts reduce your unit size to mini: 0.10
250,000 usd accts reduce your unit size to one standard lot: 1.00

This is a long term trading strategy where a trade can take days, weeks or even months.

I will post more about the method at a later time.


Titan

[Titan]

The method in which I trade is called, Balance Point Trading. It tracks the actual tru-value of a given currency, then trades the imbalances of that particular currency pair until the balance point (tru-value) has been achieved.

The only currency pair we'll be trading is GbpJpy and so to keep positive interest in our accts we will only trade Buy-Signals (yes, we could trade both Buy and Sell Signals but I don't like looking at negative interest, especially when the market has moved against me and I'm waiting for my exit).

May be, at some later point (months down the rode) I will add an additional currency pair but for now GbpJpy will do the job of producing plenty of pips and lots of excitement.


Titan


p.s. please read above post #49 if you have not