B Journal

USD/CAD STOPPED OUT
GBP/JPY TP: 3368
AUD -4 and -74

Hey Barak,Stay positive, the losers will always happen there is no avoiding them, take the good with the bad and never give up!!!

Thanks Don4, i was just thinking of many a questions and came to an agreement to myself that i have to admit when i find myself in a bad trade and pull the trigger on that pair given the opportunity. (Refering to GBP/JPY)

While AUDUSD face the challenge of breakout traders earning my stop on a holiday, its a position well taken. (The later setup)

One thing i learned from one of NP writeups on good MM hit the nail on the head.

Thanks for the encouragement. Hope all is well with you too.

Closed out 1.5 positions for AUDUSD,
letting 0.5 AUDUSD Short ride. -64pips currently.

My position is mixed over new position.
Long EUR/USD 3388 TP: deleted (-8 )
Short GBP/USD 9637 TP: deleted (-16)
I have not seen any trader done this before, perhaps it's not so wise move, so be it.
Let's see if i can pull this off.

Let's say if prices move downriver next week, this combination Long EUR short GBP should have a net +130pips.

Trade #1
Short GBP/USD -52pips (HIT STOP) Current price: 1.9646
(Hi: 1.9823, Lo 1.9642)
Entry: 1.9685
Target: 1.9475
Stop: 1.9730
Trade #2
Long USD/CAD +20 (CLOSED) Current Price: 1.5107 (Lo: 1.1486, Hi: 1.1593)
Entry: 1.1533
Target: 1.1674
Stop: 1.1553
Trade #3
Short AUD/USD -17pips (HIT STOP) Current Price: 8157 (Lo: 8064, Hi: 8209)
Entry: 0.8108
Target: 0.8118
Stop: 0.8135
Trade #4
Short AUD/USD Closed (BE) Current Price: 8157 (Lo: 8064, Hi: 8209)
Entry: 0.8121
Target: 0.79
Stop: 0.8230
Trade #5
Short GBP/USD -33pips (HIT STOP) Current price: 1.9646
(Hi: 1.9823, Lo 1.9642)
Entry: 9727
Target: 9655
Stop: 9760
Trade #6 Short GBP/JPY CLOSED +38 CP: 234.3 (Hi: 235.08, Lo: 233.5)
Entry: 234.29 (234.11-234.29) Watch price action.
Target: 228-229
Trade #7
Short AUD/USD CLOSED +22 Current Price: 8157 (Lo: 8064, Hi: 8209)
Entry: 0.8191
Target: 0.8100
Stop: 0.8230
Trade #8
Long USD/CAD STOPPED OUT -24
Entry: 1.1529
Stop: 1.1505
Target 1.1600s

AUD/USD
Most trades in the beginning of the week taken were under water most of the time. That made me lose confidence. Entry to be relooked into so that exposure to drawdown is minimised.
GBP/JPY
Most time after entry is also underwater.
GBP/USD
No chance of seeing profit at all as majority of time taken is -ve profit.
USD/CAD
We had a good one on this as we can see a +ve figure most of the time for the 1st trade, last 2 trades hit SL but wasn't as agonising as it was fast and short time.
WTD: -46
MTD: -46
YTD: -46
We brought 2 trades over the weekend.
Short Cable at 637 and Long Euro at 3388.
We'll carry on next week.
To work on delaying entry, observe for confirmation of direction, to make haste not waste. We lost this weeks battle, let's focus on the War. My take is that entry prices was bad, River direction from DRT held to the end of the week.
USD/JPY hit his target of 119.35 looking for 121 high next week, possible retrace but bullish USD.
AUD/USD he was still bearish this pair from 8080. Last i saw his reply.
EUR/U GBP/U bear, so his direction was good but my entry was bad.
Will do for now.

Keep it moving, barak! So far it's going fine there. Now you make me consider to open my own journal also here.
Btw, I got a free ticket to ATIC lol! It's next weekend, so see you there.

Weekend, ... ?(Argh) Nobody told me it's on a weekend. (Ya, 13th, 14th April has been forecasted) I just presumed its thursday friday.

Let me know your schedule, probably we can chat over coffee in campus.

Weekends are for my family. Oops jest, sorry. Perhaps you guys can meet there at the convention together.

Test chart
This is my 1st chart let's see if it shows.
1HR signals developed well. 4Hr has not started. Once 4HR red bar shows, minimum 100pips sell down.
We'll see how it goes.

Trade #9 ACTIVE
Long EUR/USD 3388 TP: deleted (-26 )

Trade #10 ACTIVE
Short GBP/USD 9637 TP: deleted (-2)

New Trade #11
Short AUD/USD 8164 SL: 8185 (+7)

It's great to have a chart with arrows.

Above Zone +1 0.8249 Cover short
Current Price 0.8164
River today 0.8145 Dip will come if this demand level is overcome
Transition 0.7964
Below Zone -1 0.7803 Clear all positions wait for direction.

Taken from view downriver.

This is how i would trade this pair.

Closed all trades, AUDUSD river banks seems to be flooded. Did not cover as said would be at 8249

Trade #9 1.3593 +205
Trade #10 2.0045 -407
Trade #11 8329 -165

Total 3 trades -367 pips
WTD: -367
MTD: -413
YTD: -413

Break of 1 week, i'm back to start trading.

Trade #12
USD/CAD Long
1.1196
SL Tentative 1.1000
TP Tentative 1.1450
Looking for Oil Price and PA as yardstick.

Welcome back man, all the best with your trades.

Thanks Traex, i see you have been doing quite well, keep it up.

Trade #13
GBP/USD Short
2.0013
SL Tentative 2.0200
TP Tentative 1.9888

What am i doing? the trend is obviously up, should be long now, when most ppl are shouting BUY BUY BUY. Oh well, this is the beauty of trading, you can trade what you want as long as it's your money. Measure the Risk reward and take your setup, not others.

Tightened Stop and TP

Trade #13
GBP/USD Short
2.0013
Took profit at 1.9908
WTD: +105 pips

Trade #14
AUDUSD Short
0.8204

NFP USD negative. Long term bullish retracement not yet completed. Trade is based on the low below 0.8 to high of around 0.8370. A recovery at this price would not propel price up too much. Long term bullish, short term play into short strength.

Trade #15 EURUSD Long
1.3604 Double lot size
1.38
1.35