My forex journal

hey all,

I am posting here in order to keep track of my live trades. I have a small account i would like to build. I free if i were to post my trades live, i can learn from my mistakes.

I trade primarily using Fib lines, trendlines, and S/R lines.

Here is a current chart of USD/CHF

PA at the trendline looks like it will break through. The price hit this S/R area 5 times and it looks like a breakout. I am targeting the 61.8 fib for my short

Short USD/CHF 1.08063 SL Above the S/R Line.

Changed trade to +BE.

This would have been a great trade if I didn't BE too early. Next time, I will loosen up my stop loss.

EUR/USD is at the 50% fib level using the high from july 2008 and low from oct 2008.
USD/CHF is at the 61.8% fib level with a trendline for support.
Watching these two levels for a break or resistance/support.

I am currently in a short USD/CAD @ 1.090 with a target of 1.060 which is the 61.8% fib level.

closed my short USD/CAD @ +80.

I have shorted EUR/USD @ 1.4180 with stop loss 10 pips above the 50% fib.

Update: EUR/USD HIT SL -20

EUR/USD is approaching significant resistance at about 1.436
I am long from 1.431 with a stop loss at -20.

USD/CAD has strong support at 1.08. Look how many times it touched this support that goes back to sept 2008. Watch for a breakout.


UPDATE: PA of EUR/USD suggested weakness. I closed my trade at +1.

EUR/JPY
There is strong S/R line around 137.30 - 137.40.

Edit: I opened a Short at 137.00 with SL -50.

Close my EUR/JPY for +30 on a trailing stop.

Will find better spots to short.

Also looking at the USD/CAD as that support line has touched many times.

EDIT: Reopened a SHORT EUR/JPY @ 136.671 with a SL above the trendline @ 137.0

EDIT 2: Hit Stoploss -33.

EUR/GPY topped out at 1.3800 and what a drop. Right now its at a S/R level at around 135.65 and PA is about to break this level.

I am short @ 135.737 SL 30.

UPDATE: Changed SL to +BE.

UPDATE: Closed this trade at +1. This pair wasn't reacting at all so I closed for now.

GBP/USD had S/R line at 1.6325 and PA broke it with ease.

I opened a short at 1.63167 already and wow look at it drop.

Update: Closed +10

i tend to close my trades too early, i will need to find ways to maximize profit.

here is a trade i took on GBP/JPY. SHort @ 156.21 1st target will be 155.71

UPDATE: closed for +30.