!Bam FX Trading Journal!

If you are reading this then please do not take any of this information seriously or as advice in any way. Among other things; I am a new to Forex trading, and I am trading this journal on a demo account for now.

Thanks,

BAM

I will be starting this trading journal to track my reasons for entering trades and what my thoughts are. Due to my schedule I will only be able to update this on the weekends and weeknights.

Also, Please disregard the first couple of posts... I was trying to figure out how to post objects and generally how to use this site...

Thanks!

I am currently trading small lots because my account principal is down from the opening. I made 2 trades over the last 2 days, both buys. One was up 35 pips or so and the other is at about breakeven right now. More later...

just checking how to quote someone

this works?

Trial Pic (I am editing to see if I can edit later, after 24 hours has past)

Good to see someone trading binarys. Keep us posted.

Quote

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Good to see someone trading binarys. Keep us posted.

I'm not sure how you got this impression but I do not trade binarys, in fact I had to look up what they were. Thanks for the comment though.

This is my first live trade using a new PA method after a few months of profitable trials on demo. (Please excuse the charts for now… some will be neater then others as I’m figuring out what I like best and how to annotate the charts; at some point I will settle on something I like to use)

1. Entered at 1.05580 (avg) based on Confluence of 50 and 61.8 fib confluence area where a small daily pin bar (not the best looking) formed as well as a pin bar on 4hr. Entered on break of 4 hr which was at 1.0550 with extra room given as a buffer. The daily pinbar also subsequently broke at 1.0564.

2. Using recent bar lows on the 4hr chart as a guide I closed half of position at 1.0592 and moved my stop to 1.0570, which was under recent support on smaller time frame.

3. Price retraced to my stop at 1.0570 and closed the other half of my trade.

4. Result: 30+ pips on first half of position and 11+ pips on. I am looking for this pair to retrace further down so I can get back in on slightly better PA around the lower end of the confluence areas.

Hopefully more successful trades later...