EUR/USD Trades - the man in the mirror

A fresh start.

Meaning that this journal was dormant for a long time. I have since changed a lot in the way I attempt trades. This will thus now become my personal space for discussion.

You all are welcome to give me some stick if you wanna - only one rule.

We can become as passionate as we want on discussing issues - as soon as one becomes personal, it's all over.

Welcome to trading - for Dummies.

Regards

Price movement too flat. I am closing now at 1.3689. Will attempt again at a later stage....

Small profit - so I guess not too bad.

Seems that the signal was reasonably good. Problem is that i get nervous if price does not move in my direction sooner rather than later...

I have left plenty on the table. Going to spend some time with the kids now.

Have a good day, all

I am placing another quick short.

Entry: 1.3648
Stop: 1.3707
TP: 1.3904

Let's see....

I place the actual entry chart

Entry: 1.3604
Stop: 1.3715
TP - see how price behaves. I believe the current bar to be a retrace. Therefor the entry. I believe there are some pips to the downside to be taken.

Correction - Stop was at 1.3615 not 1.3715 - see chart
Exited trade at 1.3570
Profit taken

Entered Short again

Entry: 1.3632
Stop: 1.3652
TP - see how price behaves. I again see the current bar as another retrace. I am entering for a quick couple.

If I was you I would definitely look at Multi-Time Frames for the determinating factor.

I would also use Ronald Raygun's Support & Resistance Heat Map on the 5 minute and 15 minute with the magnification taken down a few degrees.

(See Programming Discussion - Dynamic Color)

THEN, I WOULD TRADE AGAINST THE TREND.

A very good system for doing that is the NanningBob 60x90 EA.

(See Trading Systems - Nanningbob 60x90)

The retracement was deeper than expected, but survived by 1 pip. I will now close the trade and go make a fire and have a few drinks.

Exited for profit

Have a great week-end.

Good day to you,

Thank you for your comments. I will look at your suggestions and will read...

I will soon post my system here, but I am not fully comfortable with exits at present. Therefore my "grab and run" approach. Thank you again for getting involved...

See soon

This week, my account increased by 5.2%

I will see you on Monday, as I find time...

I will then do another few trades. If next week is also profitable, I will post my system here and we can then get down to fine-tuning. I see promise in the system, but my emotions are getting the better of me.

The last trade I took ended in decent profit, but it could have been a lot better. Please feel free to add your bits and comments, as I want to become consistent over time...

See soon

Going short AGAIN!

Entry: 1.3593
Stop: 1.3625
Exit: Going for 20 pips - but will see how price behaves....

Let's rock...

Hi All,

Closed the short. Really have to go and relax now. Booze and trading does not mix. Just could not leave the opportunity to grab a few pips.

Account now up 8.3% for the week....

See soon

Good day, entered a short position.

Entry: 1.3642
Stop: (mental stop) 1.3678
Exit: See how price behaves -

Just closed - small profit. Will wait for better opportunity.

Again, left a lot on the table.... Entry prediction was correct, but I am not able to hold onto these...

I need to start trusting the trades I take. I seem to be calling 90% correct in terms of where it is heading in the short term, but then I get nervous. Not how a proper trader should react...Eur went and perfectly filled the gap left at open...

Just entered a short @ 1.3555.
Stop (mental stop) @ 1.3582
TP - will aim for 1.3515

There are indications of a move down coming... I may be too early, but this is how you learn. Strong support present around the 1.3550 to 1.3540 in my opinion. Will see what happens...

Hi,

Profit taken at 1.3515 - as aimed for. Held on a bit and rewarded. I have made my target for the day.

Good day to you,

I attach my last 2 days. Money management was low priority and I am seeing how long I will maintain this agressive grab and run approach. 2 or 3 bad trades will probably ruin what has been built up, but so far so good. The purpose of this is to continue testing my system. If I can continue positive for the next couple of days, I will put the basis up for discussion and tweaking.

See soon