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Steady Growth Journal

  • #1
  • First Post: Mar 1, 2016 2:09am Mar 1, 2016 2:09am
Hello and welcome to my journal!

In this journal I'm planning to post analyses of the trades that I'm placing on my live trading account.

I use simple Price Action analyses as my system and also take into account News that my influence the currency markets.
Usually trade of hourly charts.

Bought a short time ago AUD/JPY when it bounced of the support. Planning to take profit just before the resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 37 KB
  • #2
  • Mar 1, 2016 6:51pm Mar 1, 2016 6:51pm
Just bought AUD/JPY when it broke out from the range. The move is supported by better than expected Q4 GDP. Will place SL just below the resistance.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDJPYH1.png Size: 35 KB
  • #3
  • Mar 2, 2016 2:06am Mar 2, 2016 2:06am
Bought USD/JPY when the price bounced of the resistance and the trend line. Targeting the 38.2 fib
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYH1.png Size: 39 KB
  • #4
  • Mar 2, 2016 2:11am Mar 2, 2016 2:11am
Money Management is very important in trading, so I don't risk more than 2% on each trade.

Have uploaded my account to Myfxbook as well https://www.myfxbook.com/portfolio/steadygrowth/1538803
  • #5
  • Mar 2, 2016 2:40am Mar 2, 2016 2:40am
Sold GBP/USD
Price was rejected from the top of the channel. SL is above the 200 MA. Targeting the previous lows. Will be watching this trade closely as the Construction PMI is due in less than 1 hour.
Attached Image (click to enlarge)
Click to Enlarge Name: GBPUSDH1.png Size: 36 KB
  • #6
  • Mar 3, 2016 2:20am Mar 3, 2016 2:20am
Didn't like the Price Action yesterday, so closed to USD/JPY and EUR/JPY at BE and AUD/JPY with 31 pip win. GBP/USD hit my SL, short time later I went short again which was a mistake, closed it with a loss before it hit my SL. Both trades under my 2% risk per trade but I could have avoided the second loss...live and learn
Looking to sell EUR/GBP when it goes below 23.6 fib
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBPH4.png Size: 34 KB
  • #7
  • Mar 8, 2016 7:01pm Mar 8, 2016 7:01pm
Have been trading from my mobile phone lately, didn't have time to post analyses of my trades.

Shorted USD/CAD yesterday at 1.3316 for 29 pips loss. My mistake was that I didn't wait for price to go below the 200MA on Daily chart. The price is now outside the descending channel.
Attached Image (click to enlarge)
Click to Enlarge Name: USDCADDaily.png Size: 28 KB


Also bought AUD/USD at 0.7450 but price is ranging. See what happens today. My SL is below 100MA. TK at 0.7545 before the resistance
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDH1.png Size: 34 KB


My last trade is GBP/JPY that I shorted at 160.72 when the price went below 100MA on 1 HR. TK at 200MA at 159.50
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 34 KB
  • #8
  • Mar 17, 2016 5:27am Mar 17, 2016 5:27am
Have been posting some of my recent trades in "Live Trades Only" thread today http://www.forexfactory.com/showthread.php?p=8819842

My current trade is a buy NSD/USD at 0.6817 targeting top of the channel at 0.6880

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 36 KB
  • #9
  • Mar 21, 2016 3:08am Mar 21, 2016 3:08am
My first trade this week

Sold GBP/JPY at 160.53 targeting 159.55

Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYH1.png Size: 34 KB
  • #10
  • Mar 21, 2016 3:21am Mar 21, 2016 3:21am
Sold EUR/USD at 1.12455 T/P 1.12080 the bottom of the channel

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH1.png Size: 32 KB
  • #11
  • Mar 22, 2016 6:14am Mar 22, 2016 6:14am
Have been trading on my mobile phone again today.
Currently short on GBP/JPY as the price broke the neck in head and shoulder pattern. Also the events in Brussel are affecting the pair. Will see if it will make a new low or retrace back.
  • #12
  • Apr 12, 2018 12:56am Apr 12, 2018 12:56am
Haven't been using my journal for quite some time
Planning to post my live trades again...see how I go..
Current trade I'm in is long NZD/USD targeting resistance at 0.7400
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-04-12-15-54-54.png Size: 171 KB
  • #13
  • Apr 12, 2018 2:41am Apr 12, 2018 2:41am
Hi tmaskri,

Just a thought,

you said money management is very important and I agree and even would say is more important than that...

Now, you want to risk 2% of your capital on every trade which is fine but I see that at the same time you buy AUDJPY and USDJPY which in fact means that you are selling the Yen to buy Australian and American dollars, now think if something goes wrong in the YEN, you're not risking 2% but 4% as you have two trades in the same currency in the same direction.

I think you should take care about that...
Simplicity is the Ultimate Sophistication.
  • #14
  • Apr 12, 2018 3:29am Apr 12, 2018 3:29am
My next trade ...short USD/CAD at 1.2595 on the retracement targeting for now previous lows at 1.2550
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot_2018-04-12-18-24-19.png Size: 152 KB
  • #15
  • Apr 12, 2018 3:31am Apr 12, 2018 3:31am
Quoting broketrader
Hi tmaskri, Just a thought, you said money management is very important and I agree and even would say is more important than that... Now, you want to risk 2% of your capital on every trade which is fine but I see that at the same time you buy AUDJPY and USDJPY which in fact means that you are selling the Yen to buy Australian and American dollars, now think if something goes wrong in the YEN, you're not risking 2% but 4% as you have two trades in the same currency in the same direction. I think you should take care about that...
Yes you right! Thanks for your input
  • #16
  • Apr 12, 2018 5:10am Apr 12, 2018 5:10am
Quoting tmaskri
Haven't been using my journal for quite some time Planning to post my live trades again...see how I go.. Current trade I'm in is long NZD/USD targeting resistance at 0.7400 {image}
Was stopped out on this trade, as I moved my stop to BE
  • #17
  • Apr 12, 2018 7:39am Apr 12, 2018 7:39am
Steady Growth is good. Slow and steady.
  • #18
  • Apr 12, 2018 8:49am Apr 12, 2018 8:49am
For making money in this shit. Best trade and worse trade return should be equal..... At least...
Happy journey..
Trade fearless not careless...
Syed Mohsin Ali Profit This Month: -2,370
  • #19
  • Apr 12, 2018 3:15pm Apr 12, 2018 3:15pm
Quoting altzspec
Steady Growth is good. Slow and steady.
Yep🖒I read here somewhere a while ago , that trading should be boring, just like an other boring repetitive job. And not give you heart attack every time you check your phone
  • #20
  • Apr 12, 2018 3:18pm Apr 12, 2018 3:18pm
Quoting mohsinali
For making money in this shit. Best trade and worse trade return should be equal..... At least... Happy journey..
Thank mohsinali!
These trades were from 2 years ago, so lets hope I learned something from them
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