• 7am - no trade
• 11am - no trade
• 3pm - no trade
• 7pm - 1 trade
• 11pm - no trade
• 3am - asleep!

Trade 4 - NZD/CHF - Bought @ 0.7423 - 7pm Bar - Closed @ 0.7375 = -48 pips

This is a prime example of me rushing into a trade and looking more for shapes as opposed to volume etc. I incorrectly interpreted the 5th bar (with the vertical line on it) as a test. This simply isn't the case. For a start it needs to be an up bar as opposed to a down bar so that was the major mistake i made. Needless to say, this stopped out.

• Day = -48
• Week = -72
• Month = +759 pips

• 7am - no trade
• 11am - 1 trade
• 3pm - no trade
• 7pm - 1 trade
• 11pm - no trade
• 3am - asleep!

Trade 2 - JPY/USD - Bought @ 88.77 - 11am Bar - Closed @ 88.66 = -11 pips

I believed the fourth bar in the picture to represent a test, whilst it reached about +20 at it's highest point it closed lower. It has since drifted down a little further and is now going sideways.


Trade 3 - EUR/JPY - Bought @ 107.98 - 7pm Bar - Closed @ 107.92 = -6 pips

I bought after seeing the fourth bar, again thinking this was a test. As you can see, it would have been worth while staying in the trade as it has gone upwards and the 40 pips would have been gained.

• Day = -17
• Week = -24
• Month = +807 pips

• 7am - no trade
• 11am - no trade
• 3pm - no trade
• 7pm - 1 trade
• 11pm - no trade
• 3am - asleep!

So, we're into the final week of paper trading, with proper trading commencing as of this Thursday, 1st July. A lot of movement today but no trades taken up until the 7pm bar.

Trade 1 - USD/JPY - Bought @ 89.41 - 7pm Bar - Closed @ 89.34 = -7 pips

I thought the first two bars represented a bottom reversal but apparently not. I'm finding that they don't work as soon as you see them, perhaps needing a few bars to develop. (Photo taken @ 11am Tuesday morning)

• Day = - 7
• Week = - 7
• Month = +824 pips

• 7am - no trade
• 11am - no trade
• 3pm - 1 trade
• 7pm - no trade
• 11pm - no trade
• 3am - asleep!

Trade 11 - NZD/JPY - Bought @ 63.23 - 3pm Bar - Closed @ 63.62 = +39 pips

The two lowest bars are a bottom reversal, the trade was hanging about the +35 to +39 range for ages and i decided to close it at +39. It went further as you can see but i was still happy to take that amount!

• Day = +39
• Week = +132
• Month = +831 pips

37 winning trades, 13 losses from the 1st June to the 25th June

• 7am - 1 trade
• 11am - no trade
• 3pm - 1 trade
• 7pm - 1 trade
• 11pm - no trade
• 3am - asleep!

Trade 8 - GBP/USD - Sold @ 1.4966 - 7am Bar - Closed @ 1.4996 = -30 pips

Went in on a trade on the second bar, i interpreted this as an upthrust and at one point it got to +39, this was probably more by luck than judgement. In retrospect it isn't a great call, not enough of a tail leading into new ground. The first bar is a no demand so this perhaps influenced my decision without looking enough into the background.

Trade 9 - EUR/GBP - Bought @ 0.8211 - 3pm - Closed @ 0.8251 = +40 pips

Went in on the third bar, this represents a test, the 2hr and 3hr charts also represented a bottom reversal. Made the 40pips within 2 hours of the 4 hour bar.


Trade 10 - USD/JPY - Bought @ 89.67 - 7pm Bar - Closed @ 89.60 = -7 pips

The second and third bars appeared as a bottom reversal and i was convinced it was going to go up, the market is just moving sideways at the moment, need to wait for a test or a no supply bar before it's going to go up.

• Day = +3
• Week = +93
• Month = +792 pips