Yvonne's Trading Journal

Hello, I thought I would just journal my trading here.

My name is Yvonne, an Australian, living in Singapore. My hometown is in Perth.

Currently pursuing a degree here in Economics and am exploring forex as a way to earn additional income.

My initial deposit is SGD 1,000. Using SGD because I am in Singapore. I am with Pepperstone, an Australian broker.

I try to aim for 30 pips/$3 per trade. However, I enter these trades with a longer trading point of view. If the trades turn out to be correct with strong moves, ideally I would hold for more pips! For instance, my first trade instead of TP at $3, I held for nearly $8 of gains.

Any discussion/comments/feedback are welcomed! Thanks!

3 Dec 2020

No trade.

4 Dec 2020

First trade as attached.

Am happy with this trade as I never entered any drawdown from entry and made a good 100% ROI.

Second trade, ongoing. Not a good trade, at one point my 100% ROI went into a drawdown of 50% ROI left, which I nearly wanted to cut loss, but it rebounded so I held the trade. Friday's closing seems promising to me, so I think I should be fine heading into this week. I hope this trade can yield me 100% ROI again (not compounded, just on base account amount). Currently it is floating around entry.

Trades I am looking at for next week:

Bullish EUR/USD (1.2121)
Bullish GBP/USD (1.3446)
Bearish USD/CAD (1.2785)
Bullish XAU/USD (1837.32)

These are my current outlook, but it doesn't mean I will not change my views. While it means that I believe we go higher from here (if I am bullish), it also doesn't mean I will enter at these levels/or have entered at these levels.

Please take note that these are just my views and do not represent any form of financial advice!

Second trade is in green, but not by much. Hopefully it pulls through. Will be looking at Frankfurt and London's reaction. Something is telling me to be patient, but at the same time, something is telling me to be cautious and take profit.

Cable gaining my buying interest at these levels.

Yvonne But what about the levels you've mentioned in earlier posts.?
Would you stick to them or enter here.?

I am looking at around 1.3320-1.3360, because I am already in a XXX/USD trade, so I don't want to be over-committed. If you are adventurous, you can start loading here though. Just my thoughts.

Trade 2 closed for a loss of S$500.



On a brighter note, my Razor account got approved! Will be using it from now on!

I will be loading up a TE soon! Give me some time, I'm busy with school stuff!

Totally missed this range, lol.

I'm buying here though, 1.3235, risking 35 pips.

Locked.

I hope I can get 100 pips intraday!

Ivey PMI coming up in 50 minutes, the big mover will likely be USD/CAD but the safer mover will be CAD/JPY, assuming you are bullish CAD. CAD/JPY has been lagging behind the entire day so if data is good, it might catch up and if data is not as good, downside could be capped as it seems that speculators did not bet on CAD anyway.

Done!

Am having a good day thus far, I think I am onto something. I have entered one last trade for the day and hopefully it pans out well.