Follow the trend - My live trading Journal | Forex Factory

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Follow the trend - My live trading Journal

  • #1
  • First Post: Sep 10, 2020 1:54am Sep 10, 2020 1:54am
Hey all,
I created this thread to journal my live trades by posting the setups, entries and exits in real time.
My trading philosophy is simple - Follow the momentum of the trend. Momentum meaning i look for buys where the market is exhibiting bullish momentum, and i look for sells when the market is exhibiting bearish momentum.
I largely trade without indicators, i use Channels, Support and Resistance zones and breakout zones, but i might add an indicator here and there to find additional confluence for my setups.

Feel free to comment, share ideas, copy my signals, ask for advice or give advice.
  • #2
  • Sep 10, 2020 1:59am Sep 10, 2020 1:59am
USDHUF refused to break beyond 306.xxx and left multiple wicks
Price has fallen back into the channel and created multiple lower highs showing bearish momentum.
Waiting for more confirmation to enter short.
Attached Image (click to enlarge)
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  • #3
  • Sep 10, 2020 4:07am Sep 10, 2020 4:07am
Sell stop AUDNZD
Price reached the top of the channel and is consolidating whilst also making LL and LH showing bearish momentum. S.L and T.P are shown
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  • #4
  • Sep 10, 2020 8:08am Sep 10, 2020 8:08am
Bought AUDCAD
Uptrend + ascending channel, price made higher highs, showing bullish momentum. S.L and T.P are shown
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  • #5
  • Sep 11, 2020 2:16am Sep 11, 2020 2:16am
Sold EURZAR
Price reached the top of the descending channel and made a lower high. I believe the downtrend will continue. S.L and T.P are shown
Attached Image (click to enlarge)
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  • #6
  • Sep 11, 2020 3:58am Sep 11, 2020 3:58am
Quoting Cnvrsn
Bought AUDCAD Uptrend + ascending channel, price made higher highs, showing bullish momentum. S.L and T.P are shown {image}
Closed for +20 pips
  • #7
  • Sep 11, 2020 4:42am Sep 11, 2020 4:42am
Quoting Cnvrsn
Sell stop AUDNZD Price reached the top of the channel and is consolidating whilst also making LL and LH showing bearish momentum. S.L and T.P are shown {image}
Sell stop cancelled.
Opened a Buy stop order on AUDNZD.
Price broke above the descending channel after forming a resistance at 1.09100, price is currently retest that resistance leaving multiple wicks. I think price is going to reach the next resistance zone at 1.09570, and possibly continue the long term uptrend on the H4 and Daily timeframe.
S.L and T.P are shown.
Attached Image (click to enlarge)
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  • #8
  • Sep 12, 2020 2:07am Sep 12, 2020 2:07am
Quoting Cnvrsn
{quote} Sell stop cancelled. Opened a Buy stop order on AUDNZD. Price broke above the descending channel after forming a resistance at 1.09100, price is currently retest that resistance leaving multiple wicks. I think price is going to reach the next resistance zone at 1.09570, and possibly continue the long term uptrend on the H4 and Daily timeframe. S.L and T.P are shown. {image}
Got stopped out. I should have waited for a break of the range price was trading in to enter. DON'T TRADE A TIGHT RANGE IF YOU'RE A TREND TRADER
  • #9
  • Sep 12, 2020 2:09am Sep 12, 2020 2:09am
Quoting Cnvrsn
Sold EURZAR Price reached the top of the descending channel and made a lower high. I believe the downtrend will continue. S.L and T.P are shown {image}
Closed for +19 pips
  • #10
  • Oct 5, 2020 3:55am Oct 5, 2020 3:55am
GBPUSD
I see either a break and retest of the resistance at 1.295 area to go long,
OR a break of the minor support level around 1.289 area to go short, because the overall trend on higher timeframes is still bearish.
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  • #11
  • Last Post: Oct 5, 2020 3:55am Oct 5, 2020 3:55am
EURUSD
Exactly the same. The overall trend is bearish, but if price breaks and retests the resistance at 1.176 area, i will be looking to go long, but if price breaks the previous low at 1.169 area, i will be looking to go short to follow the overall downtrend.
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