ChesterB's Trading Log

Ok, starting my log now...

trade on AUD/USD

amazing how many people start journals and never finish them...me too i guess.

But I'm back !

I will post the next trade that I take...

Tried to call the top on the usd/jpy.

Reason I took this trade:

Top was forming, likely to go down in direction of trend.

(probably not enough good reason to take this, somewhat
emotional trade)

Stopped out for 8 pips plus spread...

first of all, i'm breaking my own rule not to trade on Sunday night... hmm...

anyway, my spidey-sense told me something was going to happen...

Turns out I was right...

lost 4 pips trying to catch an upmove and then made 22 pips on the way down....

No good reasons to enter these trades other than intuition and price action.

just took 2 more trades,... tried to catch USD/JPY on the way down again
and since EUR/JPY fell quite i bit, i bought that as a hedge...

Probably overtrading already... This journaling is very helpful.

I see I am already overtrading and should wait for better reasons
to get into trades...

These are NOT good trades but I'll post result shortly.

both were losers... down 11 pips for the day.

continued trading ...Changed a losing day into a winning day,up 2 pips now I did a nice basket with shorting the AUDwhile long EUR/USD and short USD/JPY... took the riskout of the situation and brought my balance back positive2 pips now.All I need is 20
Still have one position open on EUR/USD,with SL at Break even... lets see ... will try to score 18 more pips...

totally overtraded but its cool... I wasnt trading by a system yet
and i know this..still trying to formulate.

Anyway, took a trade just now, long on usd/jpy:

had some Emas going on the chart, and support from a pivot point,
here, w/ stoploss and pivot point. Also daily chart showing two
up bars, price going up on 3hr ...

Here's a trade i took based on trying to pick the low.
Using MACD crossing its trigger line after a downspike.
Also stochs are oversold.

Moving averages showing choppiness...yellow should swing back to red.

got stopped out for 10.

Rentered... Notice this time stochs cut through 20%...should have
waited for that.

Then move trade to hourly chart and set SL 32 pips TP 39 pips:

set my SL and TP... now wait !

here's a nice uptrend with good support lines...

Price expected to go higher, all emas in right order, daily and weekly pivot supports with mac-d
waving higher...

Here is a counter trade to the du jour system, with Macd showing price
turn around... plus we have a nice bottom with candle sticks and
trade is in direction of the long term trend....

turns out price did go up...unfortunately, i set my SL to B.E. when at 8 pips of profit and it took me out for BE.... maybe SL at 15 is good sometimes...

Or maybe just unlucky trade...BE is not bad.

took a short position here: lets see how it goes. btw, this is at london open

-25 pips

in retrospect, awfully strong double bottom candlestick pat.

took a dujour trade for aussie,
got in 3 min late or so,
executed very well,

SL set to BE at 15 pips in, then 20 pips , took 75%
off the table, SL to +1 pip, stopped out...

so +15.25

i think i passed up the first signal (or i may not have seen it) because
i needed to see price confirm the signal which it didnt, given
the previous small upmove... and the spike