Forex Rookie's Trading Journal | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

From Rookie to Full time Forex trader 116 replies

Forex Zone Rookie charting 37 replies

Trading schedules - best time for a rookie? 0 replies

Rookie journal 16 replies

What is the best time to trade Forex for a rookie? 10 replies

Attachments: Forex Rookie's Trading Journal
Exit Attachments

Forex Rookie's Trading Journal

  • #21
  • Edited 1:05pm Jan 20, 2009 12:31pm | Edited 1:05pm
Short @ 1.3970

Stop Loss @ 1.4023
Take Profit @ 1.3894

Profit/Loss = +76 pips
"The trend is your friend, until the end."
  • #22
  • Jan 22, 2009 12:32pm Jan 22, 2009 12:32pm
hey Shashi!
this is my name here on forex factory!
i have seen that you have been making some big profits!
i think to make bigger profits i need more courage + more confidence in my indicators which hopefully will all come with time!
  • #23
  • Jan 22, 2009 7:01pm Jan 22, 2009 7:01pm
Quoting samson09
hey Shashi!
this is my name here on forex factory!
i have seen that you have been making some big profits!
i think to make bigger profits i need more courage + more confidence in my indicators which hopefully will all come with time!
Hey Sam,

It's good to see you have found me . I have some good days and some bad days, but it's going alright for the moment. I will add you to my buddy list.

I agree with you, i think the best way of learning is through experience, like the transition from 1 minute to 1 hour charts. As you have probably seen, Sterling free-falled since the start of the week, which could have raked in 1,000 pips +.

Depending on what pair you are trading you can follow certain threads on the forum. I always follow Cable Update or i'm here.
"The trend is your friend, until the end."
  • #24
  • Jan 22, 2009 7:05pm Jan 22, 2009 7:05pm
No trades have been made in the last couple of days apart from a loss of 0.01p!

The UK Retail Sales figures should bring out a stronger Sterling (i'm only speculating) because of the last-minute reductions in many high street shops in the UK. I'm unsure about the UK pre-GDP figures for the last quarter of the financial year, i estimate the expected figure will be at -1.4% in growth.
"The trend is your friend, until the end."
  • #25
  • Jan 26, 2009 12:35pm Jan 26, 2009 12:35pm
Hey shashi!
how has the trading been going today?
it has been a very bad day for me - pretty unlucky day aswell.
i just need to increase stop/loss and improve entry!
i bought gbp/usd and it hit stop loss and went past by 2 pips and then shot back up to 40 pips beyond what i bought in with!
+ bought eur/usd today aswell and did the same thing accept it went up by 110pips i am so gutted!
jack is prob going to moan again lol
i think lost bought £4!!
also had my 1st exam today, i think it went ok!
when is your next one?
  • #26
  • Jan 26, 2009 12:39pm Jan 26, 2009 12:39pm
Hey Sam,

I haven't been trading today, i looked back and realised a missed an early opportunity in the day. I have been revising for very much all of the day.
Ah that is quite unlucky, i have had the same happen before and still does even now!

Lol, you count on that . I'm thinking of changing the whole strategy plan and setting the task as producing one each from the both of you. I have my next and last exam tomorrow afternoon! What about you?

Quoting samson09
Hey shashi!
how has the trading been going today?
it has been a very bad day for me - pretty unlucky day aswell.
i just need to increase stop/loss and improve entry!
i bought gbp/usd and it hit stop loss and went past by 2 pips and then shot back up to 40 pips beyond what i bought in with!
+ bought eur/usd today aswell and did the same thing accept it went up by 110pips i am so gutted!
jack is prob going to moan again lol
i think lost bought £4!!
also had my 1st exam today, i think it went ok!
when is your next one?
"The trend is your friend, until the end."
  • #27
  • Jan 26, 2009 12:47pm Jan 26, 2009 12:47pm
Quoting ForexRookie
Hey Sam,

I haven't been trading today, i looked back and realised a missed an early opportunity in the day. I have been revising for very much all of the day.
Ah that is quite unlucky, i have had the same happen before and still does even now!

Lol, you count on that . I'm thinking of changing the whole strategy plan and setting the task as producing one each from the both of you. I have my next and last exam tomorrow afternoon! What about you?
your thinking of changing your strategy or mine and jacks?
btw how is your strategy going?
good luck for your exam tommorow! i have my next one on wednesday and then friday and then monday and then thursday! lol
all i have to write 3 essays in 2 hours, so ive got to practice them tomoz!
  • #28
  • Jan 26, 2009 12:50pm Jan 26, 2009 12:50pm
Quoting samson09
your thinking of changing your strategy or mine and jacks?
btw how is your strategy going?
good luck for your exam tommorow! i have my next one on wednesday and then friday and then monday and then thursday! lol
all i have to write 3 essays in 2 hours, so ive got to practice them tomoz!
Sorry i meant: I'm thinking of setting the task as an individual one, so that at the end of it, you will each have an idea to present to me. The main purpose of producing the strategies is to show how much you guys have learnt from my e-mails, the time you came over and i showed you how to trade and your own individual learning.

Thank you, good luck with your exam on wednesday if i don't talk to you before then. Lol, good luck with that . I have to write 4 short essays tomorrow, which isn't quite as bad!
"The trend is your friend, until the end."
  • #29
  • Jan 27, 2009 6:38pm Jan 27, 2009 6:38pm
No trades have been made in the last few days as i've been busy.

Tomorrow's trading should look something like this:
Next resistance level is at yesterday's high of 1.4230
Next Support level is at Monday's 1.3852.

First scenario could see a break of resistance at 1.4230 and a continuation of the bullish trend.

Second scenario could see a bounce of resistance at 1.4230 and be the start of the next down wave with the possibility of exceeding the lows made at 1.3485.

Thank you for reading.
"The trend is your friend, until the end."
  • #30
  • Jan 28, 2009 10:50am Jan 28, 2009 10:50am
GBP/USD

Short @ 1.4322

Stop Loss @ 1.4362
Take Profit @ N/A

Profit/Loss = £0.73
"The trend is your friend, until the end."
  • #31
  • Edited 1:29pm Jan 28, 2009 10:51am | Edited 1:29pm
GBP/USD

Short @ 1.4320

Stop Loss @ 1.4360
Take Profit @ N/A

Profit/Loss = -£0.38

I closed this one out too early, it wouldn't have hit the stop loss and the news just now has caused a strong downward drive.
"The trend is your friend, until the end."
  • #32
  • Feb 2, 2009 1:43pm Feb 2, 2009 1:43pm
I had 3 pending orders today at 3 different prices over the course of the day and none of them executed, lol!

Ah well, better luck next time!
"The trend is your friend, until the end."
  • #33
  • Edited Feb 3, 2009 5:44am Feb 2, 2009 2:07pm | Edited Feb 3, 2009 5:44am
Short @ 1.4270

Stop Loss @ 1.4310
Take Profit @ 1.4155

Profit/Loss = +35 pips
"The trend is your friend, until the end."
  • #34
  • Feb 15, 2009 11:46am Feb 15, 2009 11:46am
Here is my analysis for the first trading day of this week. Will be trading at the start of the London Session.
Attached Image
"The trend is your friend, until the end."
  • #35
  • Feb 16, 2009 6:44pm Feb 16, 2009 6:44pm
Here is my analysis for Tuesday's Trading Day. I didn't take any position on Monday as shown on the attached chart. The chart is off the 1 hour, by the way.

Let me know if anyone has any thoughts or comments.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 62 KB
"The trend is your friend, until the end."
  • #36
  • Feb 17, 2009 12:41pm Feb 17, 2009 12:41pm
Here is my analysis for Wednesday's Trading Day. I didn't take any position on Tuesday, i missed the spike early in the morning. The chart is off the 1 hour.

Let me know if anyone has any thoughts or comments.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled2.JPG Size: 86 KB
"The trend is your friend, until the end."
  • #37
  • Feb 18, 2009 10:08am Feb 18, 2009 10:08am
There is yet another day of ranging GBP/USD. Neither currency is weaker nor stronger than the other at this time.

I think that we could break out of this range by the end of the trading day; we have a couple of speeches from Ben Bernanke and Charles Evans. Following on from there; the minutes of the Fed's meeting will be released.

Enjoy

ForexRookie.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 73 KB
"The trend is your friend, until the end."
  • #38
  • Feb 22, 2009 12:23pm Feb 22, 2009 12:23pm
Here is the outlook for the week, i think is how it could play out if the Head and Shoulders pattern should follow through during this week and maybe start of next week.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 91 KB
"The trend is your friend, until the end."
  • #39
  • Feb 27, 2009 7:40am Feb 27, 2009 7:40am
GBP/USD
Short @ 1.4255

Stop Loss @ 1.4295
Take Profit @ 1.4165

Profit/Loss = +£6.35
"The trend is your friend, until the end."
  • #40
  • Feb 27, 2009 6:53pm Feb 27, 2009 6:53pm
Friday Close Analysis.

Finishing the week with 3 Losses and 1 Profitable Trade. Still finishing in green though! Although its Friday and its the end of the week; here are my initial thoughts for next week.

Thank you
Happy Trading.
Attached Image (click to enlarge)
Click to Enlarge Name: untitled.JPG Size: 54 KB
"The trend is your friend, until the end."
1 trader viewing now