Hi Guys,
Just to say that I will post my trades again now, but also that I am not joining the thread in trading hours as I want to take the trading decisions by myself at the moment, so that I don`t get swayed by other people`s trades and comments. I need to learn fully this trading style and actually do the work myself before joining the club intra day - but thanks sincerely to you all for posting , because this enables me to review the comments and trades when I am out of the market and compare notes - see where I went wrong etc.
Here are my trades.
Trade 1 Long 1.4065 TP 1.4085 + 20 pips
Trade 2 Short 1.4063 TP 1.4050 -. Was holding for the full 20 pips but some higher lows came in and convinced me it was time to quit + 13 pips
Trade 3 Long 1.4064 TP 1.4087 for + 23 pips
Trade 4 - Short 1.4050 closed for -10 pips at 1.4060 - I seem to be able to read the head fakes and get out at a sensible loss rather than with true damage.
I would make an observation about my own trading and that is I reguarly seem to be able to switch from the downside to the upside, quickly getting postioned to go long. Reviewing charts from others over the last few days I have noted that I either pass or am late on reversal short trades whcih are genarlly accepted by all as acceptable trades. Maybe this is upside bias trading on my part?
One example was from today where many people got short at 1.4070 area and had an easy ride down. I simply watched it happen. I definately need to work on this ability to switch to the downside as well as the upside.
Trade 5 - Long at 1.4166 Close for -20 pips at 1.4146. If anyine has any comments about how I could have handled this trade better I would be interested to hear. I think as was mentioned this was a news item.
Trade 6 Long at 1.4042 TP at 1.4062 + 20 pips no real issues.
Just to say that I will post my trades again now, but also that I am not joining the thread in trading hours as I want to take the trading decisions by myself at the moment, so that I don`t get swayed by other people`s trades and comments. I need to learn fully this trading style and actually do the work myself before joining the club intra day - but thanks sincerely to you all for posting , because this enables me to review the comments and trades when I am out of the market and compare notes - see where I went wrong etc.
Here are my trades.
Trade 1 Long 1.4065 TP 1.4085 + 20 pips
Trade 2 Short 1.4063 TP 1.4050 -. Was holding for the full 20 pips but some higher lows came in and convinced me it was time to quit + 13 pips
Trade 3 Long 1.4064 TP 1.4087 for + 23 pips
Trade 4 - Short 1.4050 closed for -10 pips at 1.4060 - I seem to be able to read the head fakes and get out at a sensible loss rather than with true damage.
I would make an observation about my own trading and that is I reguarly seem to be able to switch from the downside to the upside, quickly getting postioned to go long. Reviewing charts from others over the last few days I have noted that I either pass or am late on reversal short trades whcih are genarlly accepted by all as acceptable trades. Maybe this is upside bias trading on my part?
One example was from today where many people got short at 1.4070 area and had an easy ride down. I simply watched it happen. I definately need to work on this ability to switch to the downside as well as the upside.
Trade 5 - Long at 1.4166 Close for -20 pips at 1.4146. If anyine has any comments about how I could have handled this trade better I would be interested to hear. I think as was mentioned this was a news item.
Trade 6 Long at 1.4042 TP at 1.4062 + 20 pips no real issues.
Survive and Preserve