Nader's Trading Journal

[Nader Moustafa]

Ending the week with a bullish outlook over all, but with overbought 1Hr stochs giving space to some down move before resumption of the larger up move.(4Hr & Daily stochs pointing up strongly)

In with a scalp Short trade @ 2.0351 with 50K lot,

Flattened 40K @ 2.0338 (Fig 2) grabbing some 52$ ,and setting stop to BE on 10K for possible further down move targeting 2.0329/290 area.

Rule again for such scalp trades is to keep tightening stop all the way till entry becomes our stop.

[Nader Moustafa]

As expected, prices reached first target @ 2.0319, but we didnt flatten for 30+ pips (greed) ,so eventually we took only 12pips.

However another short based upon failure to sustain above 2.0350 was taken @ 2.0337 30K. (not the best entry tho)

Targets will be 2.0318/278 this time.

[Nader Moustafa]

Stopped out, and looking to reverse long if prices sustain current levels around 2.0360/75

[Nader Moustafa]

Prices obviously got rejected around 2.0340/60 and managed to close hourly above 2.0360

A scalp trade 50K long @ 2.0374 after 1 final re-test of the 2.0340, target @ 2.0384 , 50$

Longer term looks bearish, so we're out with all lots

[Nader Moustafa]

Good morning everybody,

I was trading this week GBP/JPY exclusively, very few trades of others here and there.

Kindly check below.

Name: Nader Moustafa Currency: USD 2007 December 7, 14:20

Open Time    Type    Size    Item      Price    S / L    T / P    Close Time      Price    Swap    Profit
2007.12.07 12:25    buy     2.00    gbpjpy    226.79    0.00    0.00    2007.12.07 14:10    226.90    0.00    197.17
2007.12.05 10:15    buy     1.00    gbpjpy    226.37    0.00    0.00    2007.12.07 12:25    226.68    56.54    278.13
2007.12.06 21:51    buy     1.00    gbpjpy    226.05    0.00    0.00    2007.12.07 12:21    226.44    14.10    349.90
2007.12.07 01:13    buy     0.50    gbpjpy    225.81    0.00    226.40    2007.12.07 12:21    226.40    0.00    264.67
2007.12.07 01:57    buy      2.00    gbpjpy    225.93    0.00    226.30    2007.12.07 12:21    226.30    0.00    663.92
2007.12.07 02:44    buy     0.50    gbpjpy    225.72    0.00    226.03    2007.12.07 11:40    225.81    0.00    40.41
2007.12.07 10:21    buy     0.10    gbpjpy    225.24    0.00    0.00    2007.12.07 11:05    225.49    0.00    22.48
2007.12.07 09:40    buy     0.50    gbpjpy    225.21    0.00    0.00    2007.12.07 11:03    225.41    0.00    89.94
2007.12.07 10:22    buy     1.00    gbpjpy    225.24    0.00    0.00    2007.12.07 11:03    225.42    0.00    161.93
2007.12.06 16:55    sell    0.20    gbpjpy    225.24    0.00    0.00    2007.12.07 09:50    225.10    -4.65    25.17
2007.12.06 18:56    sell    1.00    gbpjpy    225.34    0.00    0.00    2007.12.07 09:43    225.26    -23.26    71.86
2007.12.06 20:26    sell    1.00    gbpjpy    225.39    0.00    225.00    2007.12.07 07:14    225.00    -23.26    350.66
2007.12.06 23:13    buy     0.30    gbpjpy    225.61    0.00    226.05    2007.12.07 02:04    225.81    4.23    53.86

[Nader Moustafa]

Dear All,

Loads of trades, account open on 3rd of December 2007.

Strategies used: Channels and Fib. divergences
Currencies: GBP/JPY most of the period plus very few other currency trades

Comments are welcome.

[Gustavo]

Hi Nader,

Very impressive !! I really want to make numbers like those, hopely very soon.
In the graphic, the very most important thing one can observe it`s the consistency.
Congratulations Nader.

Gustavo.

[Intunes]

Wow ! Nader, you've just increased my motivation...

Your numbers are just awesome..

Congrats

[ghaze]

Hi Nader

Great job, well done

[Nader Moustafa]

Because of low volatility in GBP/JPY this week things got a little slower.
However, what counts is 'Equity' increase from 21,600 to 24,960+ in case we close floating positions.

Strategies used: Channels and Fib. divergences
Currencies: GBP/JPY most of the period plus very few other currency trades.