This is a trading journal, just in case if I'm looking for reasons.
I'll focus my trading in USD/JPY pair...
I'll focus my trading in USD/JPY pair...
Hello World
Twitch Journal - Live Journal 4 replies
smallball's 2012 Live Trade Journal w/ Trade Explorer 9 replies
Another Trading Journal - Yuhu's Journal 16 replies
Bing trade journal 2 replies
My Personal journal up 18% in 2 months going to start a journal 8 replies
Based on the fundamental analysis, the USD is more stable but is subject to negative news while JPY is not positive from the beginning. Having all information capped as of today, I can tell that a retracement is on due for pair USD/JPY since the pair is in bearish movement but fundamental data seems not really supporting at the moment. Keeping an eye of shorting opportunity for the pair is more likely so I take the chance and short the pair just now. Check out the attachment for clearer look on the pair when I take the short.
Open Position:
Short @ 96.29 ; S/L [96.60 - 97.00] ; T/P 95.60
DislikedAfter a strike of positive data from US, the pair rebounds from 91.xx level and now is traded in level 94.xx
Using my setup, I got the picture of the pair approaching 50% Fibonacci Retracement level and yet, I doesn't (at the moment of writing)...
Traded short for the pair:
OP: 94.65
TP: 93.17
SL: 95.60Ignored
DislikedI think that my 50% Fibonacci serves as a good resistance in which holding the pair for a while until recently... I'll try to short the pair for some pips but if the market wants to prove me wrong, I have my stop loss set. I'll be watching this trade closely, I'll set two target profit points:
OP = 95.30 ; 94.47
TP = 94.96
SL = 96.00
Kind of weird to open a short after good data from US (Nice new home sales just been released around 2 hours ago).
I'll take this chance anyway...^^Ignored
DislikedThe pair looks really indecisive at the moment of writing, kind of fundamentally bulls but the current bear pressure is still imminent...
Anyway, I'm looking for a possible new bull trend for the pair...
OP = 95.25
TP = 95.90 ; 96.50
SL = 94.00
I'd say that this trade is kind of insecure because even though the fundamental data is supporting, and my entry time-frame chart's closed above my 50% Fibonacci level, the daily chart hasn't been closed above the said level.
If the pair manages to close the chart above 50% Fibonacci level, I'd be assured...Ignored
DislikedClosed @ 95.37 just now... Too much pressure on the pair (current bear is keeping the pair on track...). I could have been stopped out today, lucky me that the pair just stopped going down @ around 94.3x...
Will have to wait for another chance...Ignored
DislikedThe pair looks really indecisive at the moment of writing, kind of fundamentally bulls but the current bear pressure is still imminent...
Anyway, I'm looking for a possible new bull trend for the pair...
OP = 95.25
TP = 95.90 ; 96.50
SL = 94.00
I'd say that this trade is kind of insecure because even though the fundamental data is supporting, and my entry time-frame chart's closed above my 50% Fibonacci level, the daily chart hasn't been closed above the said level.
If the pair manages to close the chart above 50% Fibonacci level, I'd be assured...Ignored