Four Kids Journal

excellent weekend Gerard, regards, Raz

Cheers Raz, hope your month was better than mine.

Weekly round up:
gu.........................+315
echf......................-46 , -46 , -46
gcad.....................+70 , +178
ucad.....................+107 , +220 , +129
ecad.....................-165 , -165 , -139

Total....................+412

ecad came back to break even twice. With it bouncing around like that, and the fact that I had a bad feeling about it, you think I would have cut my losses, and closed the trade, but I was mesmerized by that big juicy pin.
Just looked at j16 thread, and mbq11 explained, over 3 or 4 post's, why it was not a good pin to take. Other people explained why they didn't take it, but mbq11's explanation was the one that clicked with me.

echf was just a stupid trade. Can't remember why I took it,bored, needed to be in a trade, some other equally bad reason.

Although my pip total is negative for the month, my balance is positive. The profitable trades were worth more than the non profitable.

If I had of stayed with ucad another hour or so I would have a positive pip count for the month, if I had of read ecad properly I would have a +ve pip count, if, if, if,

Enjoy the weekend.

Total's updated to post #1

EU pend long 1.3190 stop 1.3100 t1 1.3250 t2 open

Pending EU's cancelled.

ECAD long at 1.5906, stop 1.5800, t1 open, t2 open

Ecad 4hr

ECAD t1 1.5980

Pend GCHF long 1.6980, stop 1.6750, t1 1.7090, t2 open

2 day pin. The last 2 4hr bars also formed a pin off a ppz, but decided to place orders on the daily bars.

GCHF 4hr

GCHF pending orders cancelled.

ECAD t1 hit 1.5980.............................+74

ECAD t2 closed man at 1.6003..............+96

UJ opened at 96.80, stop 95.50, t1 97.50, t2 open

ACAD opened at .8661, stop .8540, t1 .8715, t2 open

ACAD opened 8654 stop 8540 t3 8780

ACAD, t1 hit target 8715...+54 , t2 closed man at 8746...+85 , t3 closed man 8746.......+92

UJ t1 closed man 97.01....+21 , t2 stop moved 96.00, target set 97.50

Uj t2 hit target 97.50.........+70

Pend UCAD short 1.8500, stop 1.9500 , t1 1.8000, BPC on 4hr

UCAD hit stop -100

Weekly update:

ECAD +74 , +96

ACAD +92 , +54 , +85

UJ.....+70 , +21

UCAD -100

Bit annoying. Got out of UJ too soon. Woke up and checked it before I went to work, and decided to take profit. Must learn to leave trades alone until I get home from work, by then the daily bar will have closed and there will have been a few hours of the Asian session.

And of course UCAD is now +ve pips, after taking me out by 5 pips. If my stops are close to a round number I always place them at least 15 pips away.I don't know why I placed the UCAD stop excatly on a round number.

Pending NU short at 5725 , stop 5870 , t1 5690, t2 5650, t3 open

Pending GCAD long at 1.7810, stop 1.7570 , t1 1.7870, t2 1.7980 t3 open. OB at ppz