Pipple's Easy Daily Trading Journal

nice trading so your a pro right! U do this for a living?

i do this for a living, yes

so how long have you been in the 4x? and how long b4 you when pro?

i was an options trader at first, series 3 NFA all that stuff, options are damn hard, but its what i was taught in. i think a lot of options guys eventually will gravitate to futures, or spot. i just like the action in forex better than even the energies i used to trade. Gas crude all that stuff. ive been trading forex for about 5 yrs, and been on my own almost 3. brokerage firms do things their own way, i wanted to do things my way, so i started my own company and now trade from home for myself and clients. i do have some other stuff that brings in money, but this is my passion and what i spend most of my time doing. i love it.

as one of my other passions is sports, mostly football baseball and basketball, i cant say for sure if there will be trades done on Monday, Feb. 5.
this will depend on my post-SuperBowl condition, which may consist of severe dehydration, head-ache, and/or nausea

i cant help but root for Manning. but i am a die hard Oakland Raiders fan (I know its been rough lately as a Raider fan and I dont need any reminders)

but since i love trading, i may post trades monday anyway

Good job for your first week, well the begining of your journal at least. I will be keep an eye on this one. hey I feel ya on the the Okland Raiders too. We in the same boat.

PIPPLE:

How will you be entering your trades in this thread?
If we knew the time, we could be sure to look for them.
What will you be trading on Monday?

thanks

thanks
i bleed silver and black

i usually do all of my trading from 3-4AM EST to 2-4PM EST although i still look at my hourly indicators almost every hour, and will place a trade on off hours if volume is there and i feel it is strong. i wish i could give you a bigger window before i trade, but its hard to analyze the market, then type here, then place the trade, then type here.....you get it. like friday for example, i posted that i was gonna leave NFP day alone. 1/2 hour later I was in the firts of 2 successful scalps for 39 total pips. My trading style is sort of unpredictable. I went from expecting to not trade at all on Friday to having a real good day. Only cause things lined up for me.

My trade preference is 1-Cable/USD
2-Euro/USD
3-USD/YEN
4-USD/CHF
5-all others i dont really even pay attention to

Trade #4

Sell GBP/USD at 1.9584

Well the Super Bowl was great, but I missed a good trade early this morning as the Cable dropped through my daily pivot, wouldve been a nice 50 pipper. I was unfortunately a little too hungover to be trading, i like the current pullback over 9580 and have just entered the short on trade #4, Id like to exit this trade in the low 9560's and get about 20-25 pips on it.

What kind of SL do you use?

usually 30-50 pips but i closely monitor trades and for the most part dont put them in and manuallt exit my positions
price action determines where my trades end, some dont like to trade like that but it works for me

Is there any good books or place I could learn more about price action?

wish i waited a few minutes before i entered my short. Hindsight is 20/20 though, right?

still in short, currently small drawdown of 10 pips
hourly indicators still show bearish.
cmon baby go down down down
depending on price action, if i see it going in my direction, i may ride it longer, as I see some indication of it possibly going under 1.9500

still in trade #4
curious to see where it closes, will somewhat dictate how and when i exit, also seems to be forming a top around 1.9610ish. if i feel short term resistance is being formed at 1.9610-14, then i may hold longer. 131 pip range today, lets see what the close brings.
anyone can feel free to comment here, i have a freelance way of trading, so as far as entries go, i dont have many concrete set-ups. more in terms of price action as i said earlier. i believe that concrete black and white trading systems are good, but i like the freedom of not having restrictions. if i like a trade, i take it.

well we closed over 1.96, will be keeping close eye on this trade, i feel it will drop but how much retracement????? also eyeing trade in USD/JPY. keep you posted
going to eat and relax
still no stop or limit.
i may want to get out of this prior to bernanke talking tomorrow
cable currently at 1.9602----18 pip drawdown
later trader

may look to keep current trade and add another short to this if i can get it around 1.96ish, starting to feel a move down to mid 1.95's is coming. will post if i do, lets hope i am right.

TRADE #5

Sell GBP/USD @ 1.9603

trade #4 is still active

ok cable go down a bit for me so we can start off 5-0 with this journal thing

TRADES #4 AND #5 UPDATE

placing a limit order now at 1.9565 on both trades