jpa0827 Trading Journal

I took a sizable today on this trade. I really was confident that it was going to get at least to 1.05 and it never did and stopped me out for a full bar loss and a percent of my account that was way to high. I think this one again a reminder not to bet the account or a huge amount on one trade. Anyway. Tomorrow is a new day and i'm still here to trade another day.

After a long long break from trading in my Live account. I am back and refreshed after studying some new ideas and money management principles that I wish I had read when i started. The markets seem to be getting a little more normal and not as volatile. I will be working on trend trading and Price action. I may take some counter trend trades, but mainly will be trading with a very disciplined and patient approach. EUR/USD will be my main focus, because I no longer feel the need to trade anything else, because the dollar is what i understand the best. I also like the amount of volatility in the EUR/USD. Not too much not too little. So we'll see what the future brings from here on out. i will be looking to trade more medium term trades, but we'll see what the market brings. might need to adapt if volatitlity picks up again in the future. My Thanks goes out to Jacko. I am truely learning patience from you.

This past monday I entered short on the EURO 2 lots @ 1.3570ish This was originally one lot but then my confidence in the trade grew so I added another lot. Then the trade started to flirt with my stop loss, but Eventually came back down due to the Greece's interest rate for financing their debt went up. The target on this trade is 1.33 ish if we can get there. My total risk is 4%

Stop has now been moved to Break even. I'm up around 110 pips. Free trade now.

I've decided to lock a profit of about four percent. My stoploss is now at 1.3450.

I was stopped out of my trade at 1.3450 which was actually expected. The logic behind this was to protect profit. If the price kept dropping with no retrace I make more, but with a tight stop like this, if it hits and it did, Price may retrace higher which will allow me to sell at a premium. I am currently looking for sells at 1.35 or higher. The higher the better.

Shorted the euro again today 2 lots at 1.3485 Stoploss is at 1.36. i will post chart when i'm home tonight.

My target is 1.3300 if we can get there otherwise i will take profit as I see fit. More than likely will move stop loss up and wait for target or stop to get hit.

My stop is at Break even on the first two lots. I shorted one more lot of Euros at 1.3410 target is still 1.330 ish

My stop for all three lots has been moved to 1.3400. It probably will get hit but profit is protected. If it doesn.t hit that just means more pips for me. Looks to be off of long term daily trend line. I will check after work.

Stop was hit this morning at 1.34. I will be looking to sell at higher levels when the time comes. Until then, I will just watch the market

I just took a rare trade that probably isn't the best of choices but part of being a trader is using intuition and feeling the markets and this was that kind of trade. I bought based on the 15 min pin. Waited for the retracement of the right eye and entered. I am currently at Break even. I'm hoping for a nice move up that would form a bullish 4hr candle. otherwise I'm in a free trade and whatever happens happens. I don't like counter trend trading but I honestly thought that the selling of the EURO was just way way way overdone. That was a big part of my decision before I even say a pin. the pin just confirmed for me to enter.

Stopped out at breakeven. At one point I was up about 15 pips but price moved back down some. Was hoping to catch a runner and pick the bottom with minimal risk. Oh well, no loss which equls no problem.

Just sold Euros at 1.3191 stop loss at 1.33

Although i would have much rather sold at 1.33 or higher, I think the opportunity has passed and feel that the market wants to go lower and stay below 1.32

One thing i am skeptical about is todays daily close was above 1.32 which could also signal an up day tomorrow, but I think the News is driving the markets and Euro news has been horrible lately and will only get worse with the up coming problems with other PIIGS. Target will be 1.300 if I can stay in that long.

Letting my trade play out but man it sure looks like its trying to reach 1.33

Ok this is my first failed trade of the year. Not happy about it, but not too discouraged, because i think this up move is going to give me a much better chance to sell at levels that I would prefer anyway. Although I don't usually chase the market, it seems that this failed trade could fit into that category. I was personally getting sick of missing opportunities by very little and therefore thought I would give it a shot. Oh well, lost 4.3% of the markets money (money from profitable trades). I will More than likely be selling at higher levels if we get there and may open a sell where a got stopped out that way i can hopefully gain some of my losses back with Jacko's AH method.

Sold Two lots of Euros at 1.32294 around 8am or 9am this morning mainly because i was following the 1hr chart on my phone and saw that it was failing to retrace higher and was kind of a bearish flag. (Entered around ble area of chart.) I'm letting my trade play itself out. The day finished with a bearish engulfing bar or BEOB but it isn't in an ideal spot so that doesn't have much weight in my book. It did however close below 1.3200 which has been a pretty solid pivot zone as of late. My target is still (as in previous trades) 1.3030ish. I may add to my position if we get a retracement to higher levels, but we'll see.

I was debating whether I wanted to take the AH trade last night. If I would have I would have sold at 1.33 which is where I was stopped out. I didn't because I wasn't sure if a sunday night is a good time to do this due to thin trading. Plus it is Golden week in Asia which made me even more skeptical. I now have made a decision to take the AH trades in pretty much all situations. Just wanted to make note of this so I don't forget in the future.

I would have already gained back my previous loss if I would have... Damn. Oh well live to trade another day!

My current trade is going well. I am am currently up around 95 pips or 3.5%. I have just locked in profit by putting a 50 pip trailing stop order on. I will try to monitor my trade throughout the day if I get a chance.

Just exited my trade around the 1.3050 area. I'll update in more detail tonight when at my computer.