Forex 24x7

Sigh I feel like such a huge dolt. You know how in the Forex Rebellion training manual they tell you to always set a take profit and stop loss. Well, guess who decided to do his own thing - me! I thought I can squeeze more pips by lettings the trades run without a SL or TP set. My idea was that I can use my Jedi powers to sense when the market is reversing and close the trade at a small profit or small loss, or if the market is trending strongly ride out the trade until it loses steam. But my Jedi powers have failed me unfortunately. I also got caught up in other things and forgot about my positions. When I went to check up on them the forex gods have decided to toss my positions into the mega super drawdown zone. Epic failure on my part. Thus my test account took a good beating. So I am going to start from scratch soon. Basically I’m back to square one my testing. Next time I’m going to do things by the book. For amusement purposes only here are my Forex Rebellion trades up until now: 9109009 2009.10.12 10:02 balance Deposit 100 000.00 9109492 2009.10.12 10:11 buy 1.00 eurusd 1.47305 0.00000 0.00000 2009.10.12 11:09 1.47552 0.00 0.00 0.00 247.00 9120808 2009.10.12 14:17 buy 1.00 usdjpy 89.929 0.000 0.000 2009.10.12 14:22 89.932 0.00 0.00 0.00 3.34 9123773 2009.10.12 14:57 sell 1.00 gbpjpy 141.932 142.314 140.970 2009.10.13 01:28 141.870 0.00 0.00 0.00 69.15 9154521 2009.10.12 20:00 sell stop 1.00 nzdusd 0.73135 0.00000 0.00000 2009.10.13 04:58 0.73700 cancelled 9154549 2009.10.12 20:01 sell stop 1.00 audusd 0.90439 0.00000 0.00000 2009.10.13 04:58 0.90721 cancelled 9202277 2009.10.13 11:06 buy 1.00 audusd 0.90834 0.00000 0.00000 2009.10.14 06:10 0.91294 0.00 0.00 0.00 460.00 9202319 2009.10.13 11:05 sell 1.00 usdcad 1.03039 0.00000 0.00000 2009.10.14 06:10 1.02833 0.00 0.00 0.00 200.32 9202404 2009.10.13 11:05 sell 1.00 usdchf 1.02441 0.00000 0.00000 2009.10.14 06:10 1.02011 0.00 0.00 0.00 421.52 9285342 2009.10.14 11:17 buy 1.00 gbpjpy 142.807 0.000 0.000 2009.10.15 15:11 146.829 0.00 0.00 0.00 4 447.74 9291702 2009.10.14 13:01 sell 1.00 nzdusd 0.73860 0.00000 0.00000 2009.10.14 20:08 0.73896 0.00 0.00 0.00 -36.00 9291722 2009.10.14 13:02 sell 1.00 audusd 0.91158 0.00000 0.00000 2009.10.14 20:07 0.91507 0.00 0.00 0.00 -349.00 9291795 2009.10.14 13:30 buy 1.00 usdjpy 89.804 0.000 0.000 2009.10.15 11:52 90.007 0.00 0.00 0.00 225.54 9333158 2009.10.15 09:11 sell 1.00 eurusd 1.49253 0.00000 0.00000 2009.10.15 14:46 1.49017 0.00 0.00 0.00 236.00 9347212 2009.10.15 13:22 sell 1.00 nzdusd 0.74114 0.00000 0.00000 2009.10.15 14:46 0.74491 0.00 0.00 0.00 -377.00 9372194 2009.10.15 21:58 buy 1.00 eurusd 1.49456 0.00000 0.00000 2009.10.16 06:02 1.49229 0.00 0.00 0.00 -227.00 9386242 2009.10.16 06:05 sell 1.00 eurusd 1.49195 0.00000 0.00000 2009.10.16 10:08 1.49102 0.00 0.00 0.00 93.00 9386419 2009.10.16 06:06 buy 1.00 usdcad 1.03413 0.00000 0.00000 2009.10.16 09:32 1.03307 0.00 0.00 0.00 -102.61 9386429 2009.10.16 06:07 buy 1.00 usdchf 1.01664 0.00000 0.00000 2009.10.16 10:08 1.01775 0.00 0.00 0.00 109.06 9390958 2009.10.16 08:01 sell stop 1.00 audusd 0.91806 0.00000 0.00000 2009.10.16 10:08 0.92114 cancelled 9390980 2009.10.16 08:03 sell 1.00 gbpusd 1.62624 0.00000 0.00000 2009.10.16 09:32 1.63426 0.00 0.00 0.00 -802.00 9425766 2009.10.18 23:37 buy 1.00 eurjpy 135.656 0.000 0.000 2009.10.19 05:45 135.081 0.00 0.00 0.00 -633.26 9438941 2009.10.19 05:02 sell stop 1.00 usdcad 1.03583 0.00000 0.00000 2009.10.19 06:26 1.03743 cancelled 9548862 2009.10.20 20:32 sell 1.00 gbpjpy 148.281 149.389 0.000 2009.10.21 08:20 149.220 0.00 0.00 0.00 -1 037.22 9565864 2009.10.21 04:02 sell stop 1.00 eurjpy 135.145 0.000 0.000 2009.10.21 08:23 135.384 cancelled 9567731 2009.10.21 07:17 buy 1.00 gbpusd 1.63973 0.00000 0.00000 2009.10.21 09:17 1.64773 0.00 0.00 0.00 800.00 9567787 2009.10.21 05:10 sell 1.00 eurgbp 0.90947 0.00000 0.00000 2009.10.21 09:16 0.90759 0.00 0.00 0.00 309.81 9576735 2009.10.21 09:35 buy 1.00 gbpjpy 150.061 0.000 0.000 2009.10.21 11:30 150.228 0.00 0.00 0.00 183.89 9588375 2009.10.21 11:50 buy stop 1.00 eurusd 1.49472 0.00000 0.00000 2009.10.21 12:44 1.49123 cancelled 9657956 2009.10.22 05:05 buy 1.00 usdcad 1.04663 0.00000 0.00000 2009.10.22 06:01 1.04686 0.00 0.00 0.00 21.97 9657971 2009.10.22 04:59 sell limit 1.00 audusd 0.92466 0.00000 0.00000 2009.10.22 05:27 0.92289 cancelled 9658150 2009.10.22 07:06 sell 1.00 eurusd 1.49745 0.00000 0.00000 2009.10.22 13:10 1.49999 0.00 0.00 0.00 -254.00 9659740 2009.10.22 07:01 buy 1.00 usdchf 1.00864 0.00000 0.00000 2009.10.22 13:10 1.00675 0.00 0.00 0.00 -187.73 9671048 2009.10.22 08:42 sell 1.00 gbpusd 1.65733 0.00000 0.00000 2009.10.22 13:11 1.65776 0.00 0.00 0.00 -43.00 9817174 2009.10.26 07:05 buy 1.00 eurjpy 138.221 0.000 0.000 2009.11.26 09:24 131.054 0.00 0.00 0.00 -8 252.54 9818992 2009.10.26 09:00 buy 1.00 nzdusd 0.75541 0.00000 0.00000 2009.11.26 09:24 0.72269 0.00 0.00 0.00 -3 272.00 10230504 2009.10.30 13:03 buy 1.00 usdjpy 91.250 0.000 0.000 2009.11.26 09:23 86.830 0.00 0.00 0.00 -5 090.41 10230535 2009.10.30 13:04 buy 1.00 usdcad 1.07173 0.00000 0.00000 2009.11.11 09:11 1.04597 0.00 0.00 0.00 -2 462.79 0.00 0.00 0.00 -15 298.22 Closed P/L: -15 298.22 Open Trades: Ticket Open Time Type Size Item Price S / L T / P Price Commission Taxes Swap Profit 9830103 2009.10.26 12:39 buy 1.00 eurusd 1.50395 0.00000 0.00000 1.49035 0.00 0.00 0.00 -1 360.00 10641615 2009.11.05 14:35 buy 1.00 eurusd 1.48839 0.00000 0.00000 1.49035 0.00 0.00 0.00 196.00 11754359 2009.11.24 09:42 buy 1.00 eurusd 1.49087 0.00000 0.00000 1.49035 0.00 0.00 0.00 -52.00 11931124 2009.11.26 09:25 buy 1.00 eurusd 1.50896 0.00000 0.00000 1.49035 0.00 0.00 0.00 -1 861.00 0.00 0.00 0.00 -3 077.00 Floating P/L: -3 077.00 Word to the wise, you better not repeat my mistake. Remember to take profit when you can and to always set a stop loss. There are various SL and TP techniques suggested in the Forex Rebellion manual. I’ll be back much much later with another performance testing result. I wish you all successful trading ! Useful Links: Forex Rebellion Homepage - http://www.theforexrebellion.com/ Forex Rebellion Forum Thread - http://www.forexnirvana.com/f60/forex-rebellion-1078/ Alan