daily sniper journal

I'll start a journal to record my trades. Hope that can force me to trade regularly and NEVER open a random trade.

Trade 1:
long [email protected]
SL: 1.25536.
Target: the Top area of the Box between 1.1555~1.2610

GU went down to 1.25630 and up again. It might continue the bullish trend. And, 1.2610-1.2655 is not a big retreat under the D1 SR 1.2650.

Move SL to +1pips and cancel the TP. Take it the main possiblity that GU might break 1.2610. If it won't, this trade would close @+1 pips.


Edited: It closed @+1 pips.

Now wait for next trade.

Trade 2: re-long [email protected]; GU tested the 1.2555 support after my Trade 1 stopped out. It might not test it again very soon.
SL: 1.2550.
Target: beyond 1.2610,
Holding reason: as long as GU is above its MA10 in M15 timeframe.

Edited: missed the 1.2610+ TP becouse I fell in sleep. Stopped with -24 pips.[attach]Image1.png;

Jun 4. Asia morning.
It is too late to short, and too radical to long. So wait.

Trade 3:
Short GU@ 1.25428, SL: 1.25530. Target Possiblity: GU goes down and break the current 1.2530-1.2550 box.

Now GU goes down to 1.2500 and oscillates. Close half of the position(with +32 pips), move SL to 1.2530, wait for GU down beyond 1.2500.

Edited： 1.2500 support works and so the other half of the position close @1.2520 and with +22 pips

Trade 3: Short GU @1.2577, SL: 1.2635.
remark: Not a good place to short. Too early.

Edited: Too early to short. However, there is a RSI-divergence in timeframe H4, so it is not good to close this position with a price slitely above 1.2600.
SL moved higher than 1.2650 now.

Edited: Now the H4 RSI-divergence seems effective. Move SL to the H4 high 1.2630.
Now aimed possibility is that GU turns down under the H4-RSI-divergence, which might be lower than 1.2520 or even lower than 1.2500.
But if GU go up to 1.2630 and this position should be closed. The SL will not be moved above 1.2650 again.

Edited Jun 5: Last night GU went slitely above 1.2630, and just met the upperline of bollinnger bands, so it was not good to close short position there. Now GU goes down to 1.2585. Move SL to 1.2620~1.2625, and aim for a fall down to 1.2550

Edited Jun 5 asia lunch time: Consider the Non-Farm data tonight, this position will be closed if GU is still above 1.2580 in europe time.