Hey orcus how do you attach charts in excel to track them?
I am trying to do a trade journal and I am super newb to Excel
I am trying to do a trade journal and I am super newb to Excel
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DislikedHi guys,
I was just wondering whether anyone took a GBPUSD short today, expecting it to bounce at around 1.4582. I did (7:30 GMT), and price shot through my stop (20 pips above) like a knife through butter. Incidentally, similar trades on EURUSD (1.3730) and USDJPY (96.50) were quite succesful (I managed to bungle the exits and get less pips that I could have, but that is a different story).
Anyway, I was just wondering whether somebody sees any obvious reasons why the GBPUSD trade failed, or it is simply "one of those". I have been demoing...Ignored
DislikedI'd just have guessed that having already had two bounces from that area within a couple days, most recently just on Friday, it was not high probability that it would bounce a third time.Ignored
DislikedPaul, thanks for the response. What did you mean by 5 hours and 20 pips off, though? If you meant the correct entry would have been 5 hours later and 20 pips lower, are there any things that might have indicated to me (in advance) that that would be the better entry? And wouldn't the initial 40+ pip bounce from nearby have warned me off?Ignored
DislikedHere's one I apparently forgot to set an alarm for, which is just as well because it didn't work out. Seemed pretty promising:
AUD/USD short @ .7000 - .7030 -- repeat SR respected many times from both sides at least as far back as October; edge of gap from January; perfect confluence with 76 fib.
edit: thanks again PaulIgnored
DislikedHere's one I apparently forgot to set an alarm for, which is just as well because it didn't work out. Seemed pretty promising:
AUD/USD short @ .7000 - .7030 -- repeat SR respected many times from both sides at least as far back as October; edge of gap from January; perfect confluence with 76 fib.
edit: thanks again PaulIgnored
DislikedI'm obviously looking at this hindsight but it seems as though there was two bounces off .70, the first giving a potential 50points, the second giving a potential 75 points, both of which could not break previous resistance now turned support (fell back to .695 before trying again at the .7 resistance).Ignored
QuoteDislikedAnother thing I wanted to ask you was if you discriminate between pairs and your perceived reaction zones? I notice that you focus on a broad range of pairs and while S&R levels are used across all majors, I feel that sometimes it may be easier to find better respected levels (more often) on the EUR/USD, GBP/USD, USD/CHF...NZD/USD & AUD/USD have not necessarily been my favorites personally...
What are your thoughts on this? What do your stats say in regards to pairs traded and their reactions to areas you deemed ideal for a bounce?
DislikedWaiting to see how price reacts around this level.
A nice break would hopefully see us heading towards 14.000 area. Shorts, I 'll wait for a reversal bar for confirmation.Ignored