My Trade Journal

I joined the world of forex trading in June and blew out my demo virtual accounts almost 9 times before perfecting my personal method.

Everyone has theirs, and I have mine. This space is only for me to keep a record of my trades, please do not follow me, I am not an expert.

My trades on Oct 03:

short gbp/usd @ 8890 target 8850 and if possible lower.

Considering the technicals based on 4 hour charts, I have advanced my take profit from 8850 to 8750.

MACD 2,3,4 on gbp/usd 4 hour has been giving a short for a very long time, question was when to take it.

My decision on short @ 8890 was based on complete defiance to advance further over a period of 36 hours, which suggested dollar might get stronger against british pound.

My expectation on the coming news events on USD is that gbp/usd will stick to the trend as per 4 hour charts and continue to move down, news will only increase the rate of move.

Trade closed @ 8690 earning a good 200 pips.

My new trades for this week:

Long eur/usd @ 1.2596 ; my expected target is 1.2725

Long gbp/usd @ 1.8712 ; my expected target is 1.8930

Short usd/chf @ 1.2611 ; my expected target is 1.2320

Short usd/jpy @ 118.96 ; my expected target is 116.90 ( first ) and then around 108.75.

I plan to open a short on gbp/jpy around 223.80 ; later, I expect this pair to rise a little before plumetting to 217.15

Oh by the way the eur/usd long signal came at 2572 just for record, wave 5 as we call it.