Simple Trading - The Journal

asd

Face, I'll track your progress. I hope you do well.
BTW, how did you start your thread? I wanted to start my own, but don't have the hang of initiating the process.

Today i had 2 trades...

1. USDJPY // SELL on 87.15 // STOP on 87.30 // TARGET on 86.30 (This position is still active)


2. EURUSD // BUY on 1.2876 // STOP on 1.2840 // TARGET on 1.2970 (i closed it manually on 1.2950 and then it hit target )

Charts are attached

I now moved the stop of the USDJPY position to B/E.

I try to trade the sentiment, so sell weak currency and try to buy the strong currency and always with stop.

Stop should always be defended by various resistance/support .. trendlines etc. it never should be alone it needs something that defends it.

Hi, Thank you for following this thread,

I started this thread so i can keep track of my positions and also thoughts, hope you enjoy!

$USDJPY, closed half of the position on 86.70, and as i said stop is now on B/E.

The other half still has the target on 86.30

I closed the other half of the position of the USDJPY trade on 86.71

This is why i closed it (chart)

This line is very important if it breaks there is potential to 86.00 or even 85.00, if it holds we can see further upward correction till 87.50 or 88.00...

Lets see, anyway I'm out with all over +45 with initial risk of 15 pips, good enough for me.

I wont take any further trades today.

Good Morning!

Looking for a EUR/USD LONG around 1.2975 with a STOP on 1.2955 and TARGET on 1.3055.

Also still looking for USDJPY SELL maybe around 87.50 or if it breaks the shortterm upward trendline (shown in the picture yesterday).

Lets see what the day brings.

// EDIT I bought EURUSD on 1.2781 Stop and Target as mentioned before.

EURUSD // Stop got hit with a loss of -26 Pips.
fine with me , there was potential for a break upwards, but it didnt happen, next time it will.

Planning to buy EURCHF around 1.3500 if it gets there.

Stop is on 1.3480 , Target is on 1.3595

closed half of the position on 3545 and raised stop to breakeven

patience is key

i just closed the other half on 1.3553 ... NY session is about to end and market is gonna become calm... dont wanna leave the position over night.

enough for today

Today is not a easy day to trade with bernanke testify and boe meeting minutes, also trichet is meeting with big banks for stress test.

I'm looking today for USDJPY Sell - I dont see much potential for the dollar today and JPY could be safe haven, but only with a tight stop.

Sell around 87.40 if it gets there Stop on 87.60, Target can be larger if it rolls down dont stop it till around ~86.00

AUDUSD // BUY on 0.8823 // Stop on 0.8795 // Target is now on 0.8965 (but i might close it earlier if PA stalls)

Small stop and large target Ratio is nice, even if closed earlier ratio is still very good. so i dont get upset if stop gets hit, winners will come...

Looking for USDCAD Sell on 0480/70 with Stop on 0510 if it gets there (take care of bernanke testify)

Also still looking for USDJPY Sell opportunity but seems like the market is awaiting berny

/edit also looking for eurchf sell around 3500 with stop on ~3520 lets see

#EURCHF // SELL on 1.3608 // STOP on 1.3636 // TARGET on 1.3525

#EURJPY // BUY on 113.35 // STOP on 112.95 // TARGET on 114.30

#EURJPY // Raise STOP to 113.10

#EURJPY // Take some profits on 113.90 now and raise STOP to breakeven