Aox's trade journal

I took a three position trade on the 5 minute chart based on a reversal/bb top formation development. % minute chart showed RSI divergenge to price and hammer/ spinning top.

1 six lot - opened at 148616 closed at 148561 - 5 pip- 330.00
1 six lot - opened at 148601 closed at 148572- 3 pip- 174.00
1 micro - opened at 148645 open

I actually re-entered this pair long after my exit. It re-traced a bit and gave me another entry that I took with less position risk. My first trade was noticed on the 15 chart but looked really good on a 5 minute.

A hammer formed on the 15 and my entry was within the 20 sma band with 8 sma turned up just after a strong bullish engulfing formed. I thought it would be good for some pips on the market reaction after the entry candle spiked off the band. Risk was very high but worth it as long as my exit was disciplined and quick. Luckily for me it did not come to that.

Entry - 146966
Exit- 147127
risk- 10 lot
pip- 16
Profit- 1610.

Open 147125
Closed 147660
pip count 53

Price reached the 23.6 four hour fib

My first trade was a buy at 146419 with 3 lot risk. I manually exited at 146352 for a loss of -201.00

2nd trade was a Sell at 146345 with a 6 lot risk. I manually exited at
146189 for a gain of 936.00.

At the time I post this journal entry, Price broke the trend line after a test from below and back in the trap.

Enter trade on Sunday 13th of Dec closed on the 15th. Price action was within a continuation pattern and the $ strength since NFP has been solid so I bet on the trend to continue at least up to the Fed's rate decision on the 16th.
Entered the trade at 14669
exited at 145421
pip gain of 126

I took this EUR/$ Short trade while at work on my pda and exited tonight.
Entered at 145508
Exited at 144031
PIP gain 147
1 micro

Re-entered long based on weekly support at 143901 w/ 1 micro

Entered at 143901 Small lot size so I'll let it run or I'll take the loss below the swing on the 15 min chart

Took a loss on my last micro trade to try and fade the break out below the 34 LMA last night. I've been looking at this price action all day. The break of the 200 on the daily chart only made me more determined to be patient and wait for a good reversal signal at some point. It happened on the 1 hour chart. Tweezer bottom.

Entered at 143604
Exited at 143808
lot size- 14
pip gain 20
$ - 2856

As of this post at 9:37 NYC time price has pulled back to 143928. I will study the chart for a smaller risked trade I can hopefully hold overnight.

I believe that the dollar will find support at some point if is gets to the 14150 level there is a 38.2 fib and 21 ema on the monthly at that level. I'll place a micro long trade just in case. The month has nearly ended and the dollar is amped up right now. I placed a micro long trade at the same level my last trade was but I expect price to extend lower but I'm willing to be patient and wait. In the meanwhile I will take small trades and remain sharp and ready for what may happen next. Profit taking at some point will create a lower wick on the monthly bar and that might allow me create a counter trend trade on the lower time frames If my thinking is wrong and I take a very small loss.

Entry 143813
Stop loss at 14299 and willing to change if needed
1 Micro

Micro lot
Entry 143813
Stop loss hit 142990
- 82 Pips
-8.23

Exited trades at
143435- 190.00
143439- 156.00
143401- 120.00

Good journal.
Hope all is good.

It has been as usual short and slow trading days between Christmas and now but I saw an oppurtunity scanning the daily, 4 hour and hourly charts this morning.

As usual If I see a high probability trade I do not hesitate to be more aggresive with my risk. I felt a very strong intuitive attraction to this trade so I risked 10 lots and entered at 144235. My stop was set at 14463 and I exited at 143550 for a gain of 68 pips.

The trade was in a holding pattern when I checked on it late this afternoon so I chose to exit rather than hold onto it any longer.

I'd like to say that I wish all traders within this great community of traders a Happy and healthy new year and my we all prosper and learn from our successes and defeats.

As with other trades i've taken, this trade does not fall into alot of views of what constitutes a trade entry considering the price action prior to my entry. However, I find that some of my most successful trades are those that stem from a gut feeling that I run through my logical, analytical analysis and make an educated decision.

I can honestly say that the use of a whole brain theory of trading is so prevalent in my thinking that without it trading would be a mundane losing effort and of no interest to me but it is and because of that I find my trading to be a less stressful and a fun experience regardless of profit or loss.

Self analysis should be part of any traders education along with technical analysis and the study of the markets. That is just my opinion.

Entry- 142833
Stop - 142540
Exit- 144085
125 pip gain

Your ideas and approach are excellent. Keep sharing
All the best.

Entry 143564
Stop 143890
Exit 144266
70 pip gain

I'm beginning to feel that my trading is coming full circle in a sense that I have shown myself that i can trade in most enviroments. I'm very confident that I can survive most market conditions that may call for a scalping, trending or range price action trading. But I understand full well that a traders work is never done and we must remain humble and realistic in our goals.

I entered this short trade a few hours after exiting my last post which documented a long trade on the Eur/$.

Entry 143993
original stop - 144590
moved to 143524
exited 143183
81 pip gain

I enterd this trade short on Thursday evening during the middle of the Asian session with the intentions on getting in early and holding through the NFP and closing out the trade prior to the NY close and the weekend. The trade was entered at 143128 and my stop is currently at 145190. however, The trade is still open and currently down -97 pips. That of course is the small picture but looking forward I do see a glimmer of optimism in that on the daily chart price action is showing the formation of a flag pattern that may continue to the down side next week. Friday's bar closed right at the 23 % fib and count as the fifth bar that has not been able to close above and the volitility of the NFP still has not done so.

Counting the daily bars down from the last high of 151430 to the last swing low of 142165 there are 14 daily bars of which 11 are bearish. So, a 23% retracement may be the most the bulls have in this strong dollar rally before a continuation of the down move. Of course I can be wrong. I'll hold on and see. MY stop is in place and will remain as is for now.

This is not a trade recommendation!! Only a entry in this journal for my own reference into my trades.

Price has completed the full flag pattern and a 2nd short was opened at 145139, the resistance of that flag. I'm prepared to keep this position open as long as my 2nd entry is in profit. Stop has been move to 145570.

I'm in position for a break out of this flag and the 2nd leg down in this trend.

My stop was hit at 145570 on both orders. Total loss of 287 pips.