Trading Log

Just an ordinary trading log.
Been studying for almost 6 months now, was also lucky to find Davit's thread.



I plan on trading pivots and TLs together with a good study of the fundamentals in order to understand the general market dynamics.

So here it goes:
Mon the 18th of March
AUD USD H1

Entry based on price closing under down TL and rejection around the weekly R61. Looking to add more to the position if we retest R61.
Aiming at a TP near the Weekly Pivot Point, stop loss is based on account equity.

USDCAD H1
No news on CAD until Friday we have:
2:30pm CAD CPI m/m
CAD Core Retail Sales m/m

In this context I feel it can continue the down trend and go towards WS61 and WS78 area. Will see if get rejection by short term TL or reaction to WPP

Closed AUDUSD +35 pips

Coming back to y'days trade on USDCAD

Opened position once yellow support was broken, plan to monitor once WS38 is hit, if broken will add 2 more small positions.

Closed at support, decided against holding as it went fast to support line. To monitor and re enter if support line is broken and it turns into resistance.

Monitoring GBPCAD.

Trading while holding a job is rather hard But you have to suck it up, be glad you were profitable and move on to the next trade.
I was not able to add more positions to USDCAD, right now I am waiting to see consolidation in the WS78 area before we go long on the pair.

GBPCAD update

price rejected at TL, looking to purchase on the retrace aiming for WR61 - WR78 blue area.

Building shorts ahead of CAD CPI news, expected green.