Sheko Personal Journal

Hello

This is my personal trading blog.

FX Account at Oanda.
I play carry trading with EUR/TRY which always adds good interest to my account. Beside this, I trade some signals off 4hr and daily, my trading style is a bit agressive trading against longer term trend in an overbought or oversold market, and adding to my losses and cover them all at the end.

Balance: 5003.09

Open trades:

Short AUDUSD->0.8778->5000 units
No stoploss, take profit 0.8750

Short GBPUSD->2.0534'5->2500 units
No stoploss, take profit 2.0444

I can take profit earlier according to my charts.. let us just begin

Booked profit on AUDUSD and waiting for better entry as overought areas are cleared..

+10 pips the equal of 5usd profit.

Balance: 5.008,06
Unrealized P/L: 0.83 on my open GBPUSD short from 534'5.

Update.

Account info
Balance: 5008.06
Realized P/L in USD: +7.32
Realized P/L in PIPS: +10

Open Trades

2500 units short GBPUSD 2.05345
2600 units long USDCAD 1.0457

USDCAD update
I went long on USDCAD for long-term, I think it's bottoming near the levels, so we will add to our longs, as it needs. first entry at 1.0457, no target or stoploss, .25$ pip value only.

Limit Order

Short 2500 units AUDUSD 0.8800
Short 2500 units AUDUSD 0.8850

Expiry today I hope we get filled!

New Limit Order

Short GBPUSD
2500 Units @ price 2.0550, no tp or sl.

Now Have GBPUSD and USDCAD open and 3 limit orders not filled yet.

Closed GBPUSD previously opened at 2.05345 at 2.0507 waiting for another entry.

AUDUSD Limit filled at 0.8800 2500 units and open
USDCAD 2600 units long still open

realized p/l: +14.20usd

Although I had closed GBPUSD a bit earlier, it dropped into the higher half of 2.04. I am happy with the results, the greenback is not safe to hold for long now ahead of key risk event.

I am cautious with positions open into key risk event as following:

SHORT AUDUSD 0.8800 2500 Units, no TP/SL yet
LONG USDCAD 1.0457 2600 Units, no TP/SL yet

Realized P/L in $
+14.20

Stay ready! We are going to short more euros and aussie if they made a strong move higher today!

also going to buy dips on USDCAD towards 1.0000

Sold GBPUSD 2,500 units 0.25$pip at 2.0510

Willing to add shorts at 2.0550 or higher If occured.

update 19 Jul, 5:54 PM GMT

I set up take profit for previously opened AUDUSD short 2500U and GBPUSD short 2500U at 0.8780 and 2.0490 respectively. If secured, that's a total of 40 pips, If not. I will just remove the TP levels again. no SL still.

thanks

booked profit on GBPUSD +15 pips. I am still unsure about dollar.. so I have to be patient

audusd still running.

With little patience the +20 goal on cable was there
Anyway, for now I remove the recent take profit from AUD trade. until I see direction

End Of Day Report

Positions Open

AUDUSD SHORT 0.8800 2500 units
USDCAD LONG 1.0457 2600 units

Current Realized P&L
+$17.93

No stoploss or target for both open positions.


See you next day trade!

20 Jul 3:15 GMT

Limit orders for the european session

short audusd 0.8820 2,500 units, no take profit no stoploss
long usdcad 1.0407 2,600 units, no take profit no stoploss

staying out of kiwi, cable, euro, swiss, yen for now. No clear direction or high-risk trade, we do not need

20 Jul, Aussie Daily Report in My Technical View

AUD/USD

Pair trades either side of 0.8800
Although all medium to longer term charts show a clear uptrend in the pair. I see topping near this level with Daily and Weekly charts already overbought, we can't rule out further rally towards 0.8850 or 0.8900.
I see that AUDUSD short with adding to shorts from higher levels is a low-risk trade with well organized lot sizes and money management, start very small!
Areas to place your shorts:
0.8800, 0.8850-60, 0.8900, finally at 0.9000.
I expect a dip and a nice correction in aussie in coming few weeks, I might be wrong too.

Expected action today: More consolidation around 0.8800, and can't rule out a spike higher towards NY close as traders carry the AUD and sells USD

Limits deactivated
Might short sterling soon, but not too soon.

Short AUDUSD 0.8820 filled with 2,500 units, no tp or sl.

Limits

Short gbpusd 2.0590 2,500 units
Short eurusd 1.3850 2,500 units

Deactivate limits, the market is too fast, I will use market orders!

Recently opened AUDUSD 0.8820 Book profit at 0.8805

+15 pips! the equal of 4usd profit.

Holding USDCAD 1lot long and AUDUSD 1lot short still, no limits open

realized p/l 21.67usd

So GBPUSD short guys was really nice as it was in extreme territory, the sharp move up let me think to put limit a bit too far, we didnt get a fill for just 6 pips, then it is down almost 40 pips, no problem..

Short GBPUSD 2.0565 TP 2.0550, NO sl
Add TP to AUDUSD 0.8800 , at 0.8785, NO sl

If TP hit today, we avoid rollover. Otherwise, deactivate TP.

USDCAD is running without TP or SL at the moment

That's all for the week, have a great weekend,
goodbye!