DT's Trading Journal

I have taken a small long usd/jpy position @ 107.15 targeting 107.41

According to what I see on the first chart there is good support @ 107.13 from a previous test of that area where it then ranged back up to the 107.42 area. I have tight stops in place @ about 107.05

The first hit the SL almost immeadiatley after posting

Oh well on to the next one.

Took another long u/j position again this time at 106.78 targeting 107.10 with SL at 106.58 as circled in the charts below these levels appear to provide decent support/resistance. QQE is begining to turn north on the 30m and 1H charts, indicating the possiblity of a pullback to resistence levels. On the 15m chart QQE HAS crossed north from the bottom of the channel which give me some confirmation of the 30m and 1h following suit. We shall see!! PSAR is also providing new support now on the 30m chart as shown below giving further confirmation of the trade.

Usd/Jpy trade missed TP level by one pip not long ago. SL is now moved to BE and will let the trade play out, looks like it should hit my target of 107.10 in not too long.

I have now also opened a short eur/usd position @ 1.5733 - TP @ 1.5692 SL @ 1.5767 not the best ratio but a pretty safe trade from what it looks like.

It appears to have bounced off resistence around 1.5763 and begun its move back down to the support around 1.5690 or so. QQE on the 1H chart has just crossed near the top of the channel preparingto head lower. on the 4h chart QQE appears as though it needs to take a bit of a breather, not that it will cross on the 4h chart but it should relax for a little bit while we pull back under 1.5700

Target hit on Trade #2 @ 107.10

Record so far:

#1: Closed for -10
#2: Closed for +32
#3: Open - Currently Even

Stopped out on the previous trade for -34... On to the next.

Went short the Eur/Jpy @ 167.82 with TP @ 167.10 and SL @ 168.10

QQE is turning down on both the 1H & 4H charts with price having bounced succesfully off the 168.10 resistance should now be headed back down to 167.10 after now also breaking the minor support @ 167.70.



Record so far:

#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4 Open - currently +18

SL on current trade has been moved to +10 @ 167.72

TP hit @ 167.10 for +72!

Not bad for the first night of the week, Off to bed for now, back at it tomorrow ;o)

Record so far:

#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72

Made a good trade this morning before I left for work +60 on the eur/jpy but I didnt have the time to get it on here, oh well.

Trade #5

Long the Usd/Jpy @ 106.17
First Target @ 106.45
Second Target @ 107.07
SL @ 106.90

PS Strong resistance showing around 106.46, be careful at this level and may adjust SL at that point.

The first chart is the 4H which shows the QQE crossing up at the bottom of the channell, good momentum sign to the upsiode here?
The targets are shown with their corresponding S/R lines that appear to have been signifgant levels previously.

Second chart is Daily showing that price made a very nice, almost, pin bar indicating it has made its low and ios moving back up again at least in the short term.

Third is 15M showing the Resistance level at 106.24 that price needs to break to keep this moving north. New PS is showing below and QQE is crossing up and it ios just below that first R level so it should have plenty of steam to break through it.

Just my thoughts lets see what happens!!

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Open - Currently: +9

Long usd/Jpy @ 107.13
TP @ 107.70 - 108.40 (Depending on how strong move becomes)
SL @ 107.00

Strong support showing in the lower trendline. Will have conformation of upward move once the upper trend line around 107.20 is broken. QQE on 1H is still flat though on 1D chart QQE shows a cross about to happen to the north so it should get the 1H QQE going north instead of sitting in this stagnant channel.

We shall see

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Open - Currently -5

Sell Usd/Jpy @ 107.42
TP @ 106.65
SL @ 107.58

Went short here for 3 main reasons. Per the attached 1H chart the QQE appears to be rolling over wanting to move back down to the lower end of its channel. Also a resistance line formed at about the 107.54 area which price has moved away from faily easily. It has also moved nicely off the trendline formed from the previous Hourly high at about 107.75. I see next support coming in around 106.60 though that may be a bit ambitious and may need to close the trade before then but we shall see ;o) If my SL gets hit I could see it moving up toward 107.75 and then the next stop would be around 108.40 or so......

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Open-Currently -2

Long Eur/Usd @ 1.5666
TP @ 1.5695
SL @ 1.5645

Took a Long on E/U as support seems to be holding and favoring to the up side. Per the below chart QQE crossing to the north with trend line support just below @ about 5645 as well as a flat support line @ about 5650.

We shall see........

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Open-Currently -3 (U/J)
#8: Open-Currently -1 (E/U)

E/U TP hit

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Open-Currently +38 (U/J) SL now @ +7 (107.35)
#8: Closed for +29

Usd/Jpy trade #7 ended up getting closed out @ SL for +7 last night after I went to bed. not a loss, so i'll take it even though it could have been much more had i seen the move back up coming but whatever...... I entered another short Usd/Jpy trade this AM at 107.36 but didnt have time to post it here so I wont include it in the track record but am currently @ +26 on that one with SL @ BE point and TP @ 106.65 again

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29

Long Usd/Jpy @ 106.88
TP @ 107.16 - 107.60
SL @ 106.67

Long U/J based on price hitting and not fully penetrating the TL @ about 106.65. It has started moving back north without penetration of that line and along with it QQE has begun to turn up as indicated on the 1H chart. Once pric penetrates that 106.89 resistance we will know for sure this is going to move higher. (maybe I should have waited until that happend to place my trade ;o(... oh well) I have a range right now for my TP as there is strong upper TL resistance that it will run into first that I think I can break but we need to watch out for as it masy bounce strongly off that and move lower though Im pretty certain we can break through it and hit the resistance up @ about 107.60

We shall see!!

P.S. that trade I had taken early today on the short position @ 107.32 was closed out for +53 (not quite my target but I still likes it ;o)...... but sinc eI didnt post it here I will not include it in my track record....

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Open - Currently +7 @ 12:43AM painfully slow tonight but still in it

Closed the U/J trade #9 @ 107.25 for +37 as on the 1H chart price has struck the upper band while the band was moving directly down with over 40 minutes left in the hour and price not able to move any higher at the moment due to the BB in its way.... see attached chart.... may re-enter near the end of the hour or at the start of the next for a ride up to 107.60 but we shall see........


Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37

Went long Usd/Jpy again from 107.17 setting target of 107.60 back in my sights..... need this to get past the 107.28 first though.

We shall see...... No messy charts to attache this time Haha

Ps - mental stop loss @ 107.12 on this one..... playing it more by feel this time rather than my charts..... could prove to be a bad idea.

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37
#10: Open - Currently +7

Well that second long U/J trasde I took last night could have been a nice profit as it was at +23 at one point but I didnt see it hitting the fib levels and ended up watching it come all the way back down to near my entry and closed out for +2. At least it wasnt a loss ;o)

I also made a short usd/chf trade this AM that I was unable to post here that I snatched 32 pips on in about 10 minutes.... was very nice for the account Hehehe anywhoo.... going to look for some more trades now...

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37
#10: Closed for +2

Long Usd/Jpy @ 106.59
TP @ 107.00
SL @ 106.37

Well I did end up making one trade on Friday for about 30 pips but again didnt have time to post it on here so I wont include it in the track record.

Anywhoo, took a long position on the U/J tonight looking for a target of 107.00 and after a retrace maybe to 107.40-60 we'll see how this first one goes though.

QQE is trending up on the 1H and MACD is coming out of its oversold area nicely. Price has closed and remained nicvely above the MA's and once price convincly breaks the 106.70 area i should be able to move my SL to BE and sit back and watch.

The entry at 106.59 was not the best price I could have gotten but I got a little itchy and jumped the gun without fully examing my entry on the 1M & 5M charts. Oh well it should still work out OK.

We shall see.......

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37
#10: Closed for +2
#11: Open - Currently -3

Well, Lst one got stopped out. Looks like I may have just had my stop off by 1 pip as it appears as its now turning back around to head up again, though that is yet to fulyl be seen. Oh well, time to look for another trade, gonna stay away from the usd/jpy for now. i dont feel like trying to chase it and screw myself again ;o)

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37
#10: Closed for +2
#11: Closed for -22

Long Usd/Chf @ 1.0175
TP @ 1.0205
SL @ 1.0155

Went Long U/Chf as MACD has begun to move up on the 1H and QQE appears to be turning up as well. This trade does appear to against the downward trend on the 4H and 1D charts but so far the support at 1.0147 has held up price on a couple occasions already and still has not yet had enough steam to break through it I think before any further downard move this may have we will see a bit of a pull back north.

My chart is a bit messy but I was playing with the fibs and my target of 1.0205 which I got from the upper TL also appear to be right around the 61.8 fib from the last down move on the 1H charts. We'll see how this works out.

Track Record
#1: Closed for -10
#2: Closed for +32
#3: Closed for -34
#4: Closed for +72
#5: Closed for -27
#6: Closed for -13
#7: Closed for +7
#8: Closed for +29
#9: Closed for +37
#10: Closed for +2
#11: Closed for -22
#12: Open - Currently: -4

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