Naked and Blind Trading

The trade I have open will get stopped out at market open on sunday due to the extra spread of the pair over the weekend. I should have just closed it when I noticed that I missed the opposite trade direciton signal. Live and learn on this trade.

Price failed to break the swing high created two days ago. Price closed also almost where price closed yesterday. Price is either exhausting on the retrace and is getting ready to follow the trend, or price is consolidating before another move up. I am under the impression that price will follow the trend, so I am leaving trade open as is.

I was correct in my analysis of this pair yesterday as far as direction. I will not consider a long trade unless the pair closes above the swing high at .7643.

Pair formed a hammer on the daily today which indicates price may move higher. I am not considering a long trade atm because price closed too close to the 1.4000 psycho level and resistance. I would like to see price close above 1.4000 before going long, or have price retrace to a lower point and then give another long signal.

This pair formed a hammer on daily. I am considering placing a long on this pair at the open of the market on Sunday. I can almost get 1:2 R/R. I may wait to see if price retraces the wick of the hammer to get a little better R/R before placing my trade. I will update on Sunday. I expect this pair to hit major resistance at 1.0000 again so I would take profits before this point if going long.

I originally posted that my USD/JPY trade was risking 1%, but when I looked at it before the market closed yesterday I saw it was 1.55% negative. I'm going to double check that my speadsheet to figure out my lot sizes is calculating correctly. The trade should have only been risking 1% so I must have an error on my spreadsheet somewhere.

I updated my posts with charts so I can look back at my journal to see what I was looking at when I was making my trading decisions.

My USD/JPY trade was stopped out at a loss. I was 10 pips off with my stop. If I would have had it 10 pips lower, I could have closed the trade at the reversal signal price that I got the other day but didn't see at the time. I watched the price spike up over 100 pips in one minute just a few minutes ago. I don't know what caused the spike, but all the currency pairs saw a spike.

I guess my spreadsheet was correct with the position size because I only lost 1% on this trade as I was planning. My broker platform must have a defective percentage display.

This trade is still open. No changes will be made at this time.

I'm beginning to think I should place my trades in the opposite direction that I think they will go. lol I'm not going to give up, so I will wait for new entries and retry on new trades.

It seems like the trades that I decide not to take actually do better and do what I think they will. Maybe I just need to take all the signal entries that I see reguardless of how I think the setup looks.

Now I think I am just rambling. I know I need to stick with my first gut reaction so I will just keep plugging away.

This trade is still open. No changes will be fabricated at this time.

Hi Dorothy,

Welcome to my journal. The USD/CHF trade is stopped out. The account on myfxbook.com hasn't updated yet because I have to manually enter my trading history link each day so it can pull the info from my account. I just updated my link so the trade should show that it is closed now. Thanks for following me thread.

The US is holding mid term elections today so I wanted to wait til tomorrow before getting back into any trades. I will check the charts at the end of the day on Wednesday.

I have been missing in action for a few months. I found out I had to move at the end of the year. I have taken the last few months to get moved and settled in the new place. Now I can try to focus on trading again. I think I might have to reset my fxbook account. I will look into it and get that all squared away.