Journal of Zol

I am still in trade.

EU - 105 pips, SL 0
AU - 121 pips SL -61 - locked in profit.
GU - 15 pips, SL 62

I do not know yet how to move the SL but it seems to be better not to move pip by pip.

All the three pairs stucked in a range in the Assian session and not much happened.

No risk left.

To share my trade.
positions:

EU - closed 150 pips
AU closed 198 pips
GU still in the trade - 147 pips, SL at BE.


I entered on the 50% retracement of previous up swing.
I am already at BE and I anticipate dificulties at the two indicated golden rectangle. By this I mean the market may as well reverse.

The first rectangle is lesser concern to me as it is a confluence of a minor high and an old trendline which proved not to be valid any more.

The second recangle indicates a down sloping trend line, a potentially mre signifficant formal lower high and a bottom of a "pin bar".

Either way I do not exit my position just yet as I risked 100 pips to get here. I still bet that the cable may turn out as up trending market.

I have a short position on EU. This was also a recmmendation by someone I think is a good trade by the way. So this is not entirely my trade.

EU short @ 1.50759 SL 100

GU closed 149 pips @ 1.65769.

Im an short in EU for now.

New position UJ short @ 86.614. SL 100

just a quick note to myself to confirm that I am still unpatient and further learning is required along with practice.

My formal GU trade advanced 60 more pips. Having said that I also note that 149 pips are nice profits.

AU - Bounce up from 9106 to go long
GU - Buonce up from 6458 to go long
EU - I am in a CT - this was suggested by omeone I trust but can go wrong anyway and he would not be blamed at all - target @ 4558, also long set up place.

EU and AU had abullish day and look looks like the uptrend is intact and in place.

GU is a totally different market IMO. It is a ranging mess for a good while and should be treated as such. I had a counter trade in place but exitted for 20 pips (good!!). The trade now would be in 88 pips profit. For the GU market right now there is no CT trade as ther is no established trend. So next time I will now this.

I am thinking about not letting my buy limit there. I do not really like to leave orders while I am not there. I need to get used to do it anyway as I can not allways be at the chart.

Ok, I give another try.

Try to post all my positions. The more loosing positions I post, the prouder I am!!!!!!

I won OK this time.

EU - I exitted 0.5 lot, in with 0.1 lot. I was impatiente, profitted 280 pips. I have the feeling that this arket has much more to go down. I will resell at correction.

EJ - Ixetted full position. Impatience. I profitted 292 pips. I plan to resell at hiher levels later.

UJ - Exitted 0.5 lot, in 0.1 lot. Impatience. This has much more to go down IMO. I plan to resell at corrective wave.

AU - the only trade I did not exit. Went down since..... I can see lower highs and now I want to see a Lower low on daily. First I expect this to buance up from 9200. If that happens and it goes down after, the target is 9000.

This is the only trade I did as I should behave! KEEP THE RUNNERS AND LET THEM RUN BOY!

I exitted 0.7 lot for 83 pips profit on AUDCAD and enterred long 0.7 lot with 80 pis SL on EURAUD. At worst I will loose 80 pips and am at BE. I will still have the potential to gain more pips on my remaining 0.7 lot short on AUDCAD. It is a winner so I need to let it run.

I played like a fool and put a sell limit to CJ - to a sudden loss of 100 pips.

My GU trade is doing well and already at BE but my two other trades on EA and GC are not that fine, as the attached indicate. I seriously need to reduce the number of trades here. I am doing relatively well but if I do not want to see my profits vanish I need to play more safely. At his stage I let the trades play themselve out.
I believe that shorting GU is a better idea than longing so I might just take my profit at 50% of the recent down swing for 200 pips.

Unfortunatelly the Kiwi trade got stopped out.

AC trade got serious decrease in paper profit.

Swissie trade got also back from paper profit but now responded positiovely to the latest 50%-support line confluence

I entered quick short on Cable and I will pull to BE soon.

As it goes I am still in profit for the month but decreased my original result with loosing trades.

I had 2 stupid trades previously, one on GU and the other on EJ. Both loosers. Those were "feeling" trades so not appropriate for me.

EDIT: AU got stopped out