SK Trading Journal

Hi traders,

I am starting this journal to keep track of my trades and so I can go back in time and look at my trade history to recall what, why and how from the trade.

I trade GBPUSD and EURUSD as I master this pairs well.

Well, happy trading...

At the moment, I know most of people go long GBPUSD. I'm less confidence to go long right now. The london market just open 40 minutes ago and there must be one obvious movement either bullish or bearish. So here is my probability before pull my trigger today.

As you can see on h4 chart, the curent price is near to resistance. And the probabilty to bounce away is higher and this is good setup for me to enter short.

I just pull my triggered to enter short. By looking at m15/m5 chart, I will look for area of overbought/oversold by using stoch indicator.

Hit my TP within a minute. Very good trade. The market drop so much after it hit my TP. And I'm looking for next setup.

Here is my trade statement

http://www.mt4live.com/equity.php?u=stewart2611

At the moment, I'm waiting for GU to break support level because there is also indication that price will retest the support and bounce up..I bet the price will break the support and go down and do the retracement to retest the resistance (support turn to resistance). I only short after the retracement happen.

a good stratergy

Hope to see more on your strategy

Just put my Sell Limit order now. Let see if the price will hit my order.

Just woke up this morning with profit. Hit my TP again. I can see down explosion movement which indicated the potential to break the support.

Hmm, it's quite hard for me to make decision today. For GU pair, I assumed it is ranging. It bounce away from resistance and formed double top and also bounce away from support which look like triple bottom. I think it would be wise for me to wait. I didn't see high probability to setup to enter the trade.

At last, the support is broken. Again, my trade hit TP. At the moment, the price is slow and try to retest the resistance which is broken support just now.

Let see if price retest resistance and bounce away. Should be high probability success to short again.

Look like high probability success trade to me.

Had 2 sell entry today and return with big fish.

Closed all trade for today. At the moment, I'm waiting for next signal to short if we have bearish pinbar at H4 GU chart soon.

The graph still looking good.
http://www.mt4live.com/equity.php?u=stewart2611

http://www.mt4i.com/banner.aspx?id=stewart_2611&t=300

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At the moment, GU is getting slow after big movement. So, I'm waiting for next high probability success entry setup.

http://www.fxstat.com/widget/link?t=...ce&o4=deposits

Done trading for this week..Looking for downtrend signal next week...

Woke up early this morning to trade gap. Yes, we have gap today. So I decided to enter sell on EU.

Nothing much I can do today.

This week, USD currency is weak and EUR & GBP is strong than USD. From TA view, EURUSD have reach overbought area and near to strong resistance. But from FA view, USD is weak this week or maybe tilll a month as a investor see USD is not a safe heaven currency at the moment.