stoiters trade journal

trade triggererd

2 more 4 hour trades triggered today.

eur/usd - nice shooting star at the top of the recent trading range.
aud/usd - going short at the top of the descending channel.

with the 3 trades i have open now ill only be taking partial profits and moving stop if a target is reached.

those last 2 trades were both stopped out.. id post the charts but my fxlite feed doesnt seem to be working. strange

both trades i could re enter based on why i first took the trade. however im going to sit out and just watch.

eur/gbp trade stopped out at break even. partial profits were taken at 1:1 risk reward.

trade on.

nice hammer through trendline. long with the overall trend

both open trades hit 1:1 rr over night so ive taken partial profits and moved stops to BE.

GDP numbers tonight on gbp/chf trade.. hopefully nothing too surprising there

haha surprise

ah well

so both trades hit SL near BE. with some small partial profits taken. i followed my plan so im happy.

cant do much about negitive economic data

something that has been on my mind lately.. i want to learn more about what really drives pairs fundamentally.

for example ive noticed all the yen pairs behave the same. All the usd pairs move the same. The AUD pairs all seem to follow commodities or perhaps gold in perticular?

not saying im going away from price action but i feel like im ignoring parts of the picture. I still want to keep things simple, so for now ill just be seeing what i can learn about pair correllations and fundamental factors.

monthly account balance

+0.7% not much,but better than a kick in the groin

staying out of the market at the moment.. not seeing any trades that really do it for me.

placed this trade yesterday.. risk was 50 pips.

got home today to find it +50 so took partial profits and moved SL to break even

i just got nfp'd on!

cable looks perfect to go long.. hopefully tommorow when i wake up there will be a nice price action setup to get me in

price is at old resistance of 6600 and the ascending trendline.

gday mate

i'm in oz too. just stumbled across your thread. good stuff for a young bloke.

just a note on cable is to have a look at weekly. i have a massive pin bar on my feed. just not sure if you have seen that or not so i thought i'd mention it.

all the best and stick at it.

cheers

hey thanks for stopping by!

yeh i hadnt noticed that.. but i never got price action to get into that trade..

sell stop triggered.

SL about 150 pips

sell stop triggered..

i really like the look of this setup.. in the eyes of my very limited experience that is

so it will probably stop out pretty quickly