My path to financial freedom

I got cr*p spreads on this...pure breakout trade...1%

Gotta go out in 30mins for about an hour so will leave positions as is and have set some TP's @ 1.2440, 134.50, 1.7093

In summary I am long G/AUD, EU and GJ and have had losses on AU short and UC long this morning.

I'm still bearish AU at the moment though...

Also a possibility ?

You are long and short on euro ?

No, just long? moved SL to BE+1 now as price is @ 1.2250 area.

Indeed...I favoured a short because of the confluence at this area but looks like I was wrong.

Ok your post # 2235 I thought you were short @ 2105

I did but I moved SL to BE and got stopped out ...once price had broken the PPZ area the reason for the trade would have been invalidated so decided to move to BE quickly.

got stopped out on G/AUD...perhaps SL was too tight...if we get some PA off this TL I'll consider going long again.

EU and GJ longs still in play. was hoping price would come back to the RN / T so I could add a better long entry on GJ but it went back to the RN when I was out.

I still favour a weaker AUD compared to other currencies looking @ AU and AJ charts. Thus still looking for xxx/AUD long opportunities.

Added another EU long - 1.5%

4H charts shows target area.

decided to take full profit on EU and GJ trades...maybe a lack of pateince but going into US open I want to wait and see how the market reacts this afternoon before playing any 1HR trades.

In waiting mode at the moment

Missed a touch trade short on Oil futures.

Took this pin bar following breakout and pullback to TL and have a pending long on gold @ 1216 with stop @ 1210 (1.5%)

LJ do you have a Sunday gap on EU on your feeds? Especially Oanda.

Cheers

I had a small gap on fxpro but no gap on Oanda...

IB @ PPZ with big divergence...TP 135 for some take profit.

GJ out at BE+1...moved SL @ FTA which was close.

Was waiting all day for some PA on oil instead of taking the touch trade...and I was having tea when I missed it grrrrrrr...PPZ, TL, Fibs, divergence and then a 15 min BEOB.

Gold just missed my long trigger too.

Think I might start taking Monday's off...never seem to do well and today has been frustrating.

FTSE pin looks like going to be a 2% loser too.

A decent area of confluence for a touch trade short.

There was also a nice pin bar on 4H dow futures ... its at FTA area now so if it holds then hopefully GJ trade will trigger...though I dont like the fact 135.00 didnt hold...though we could now have an IB.

As an aside I've decided to just use FxPro and Oanda for the forseeable future.

Oanda has great spreads on average and the ability to open and close precise unit sizes is ideal to calculate precise risk and take partial profits. Only down side is I cant use a trade manager EA...but if I do have trades overnnight I'll just stay awake and watch them if they are close to trouble areas etc or set TP and leave.

I'll only use fxPro for gold, Silver, Oil and Equity futures trades and where stop size is small enough that my lot size will be higher than the minimum so I can take partial profits if need be. I did consider re-funding alpari micro account as I can use better lots sizes i.e. in 0.01 increments rather than 0.10 increments but potentially having trades on 3 different platforms is just not ideal and was too hard to keep track off before.

I've also put spreadbetting to one side for the timebeing...I'll do some trades randomly to keep the accounts going but until my total account size is much bigger I want to leave these as the spreads on average are worse...I have to read their 'rolling trade' criteria each time and double check everything so I want to just concentrate on growing the account as quickly as possible (could really do with some 50% weeks like I had at the start of the journal again!!) and if I have to pay some tax then so be it and then consider spreadbetting properly again further down the road to max my earnings as tax efficient as possible.

Now have an IB on GJ...have placed pending orders essentially above and below the pin bar as prefer price to clear these areas first with set TP in place in case it triggers during Asia.

Missed the touch trade @ 89.80 area...I've missed a lot today must concentrate better...but will take the daily pin. I have two entries - 1.5% @ 88.40 with Sl above pin high @ 89.90 and 1.5% with Sl above 1st eye @ 89.10. TP is set @ 88.40 for now.

tp = same as entry?

on eurcad you are looking at longs or shorts?