Simple Trading Journal

hello fellow traders

i want to share my trades with you and everybody is welcome here.

here is how i trade:

- first of all i am identifying the most important areas/levels on the chart.these levels have a high interest of the other market participants.

-to identify the important levels i use mostly the round numbers.these round numbers are also the psychologic levels.

- at these levels i am looking for the buyers and the sellers.the question is 'who is controlling the market at these levels?' 'who is stronger than the other?'

- if the bulls have strenght i join the market as a bull (or the opposite)

-for identifying the controller of the market i use the candlestick shapes (price action patterns)

with these basics i have different type of entries but never forget:

entries are easy,the hardest part is to know the exits..

with time you will see how i enter how i exit and we can discuss...

looking forward to learn from eachother..

i took 2 trades today which are very similar to eachother.

the first one was the GBP/CHF breakout trade.

our key level is the 1.5830. i waited for a close above that level and went long with the retest. my buying price was 1.5840 and SL was 1.5780.

bigger picture and exit..

total pips +121

second trade gbp/usd is still in progress. went long @1.6015 SL 1.5945
let's see how it goes..

exit level is the 1.6300

risk management

chart: EUR/AUD daily

we have the 1.4000 level as a key.price broke through that level.

i am waiting price to retrace to that level and want to short it around 1.4000

GBP/USD trade:

i killed the trade for a -15 pip loss

GBP/USD reversal:

price broke through key level 1.6000 obvious bear strenght, joined the bears SL: 1.6052

EUR/AUD trade

as i said before eur/aud retraced back to the key level

shorted 1.3990 SL 1.4060

missed the GBP/CAD 4H yesterday..

this is a very interesting thread.

a question. where would be a good level to exit that trade


thank you

please keep posting

Please keep posting. I was following you on other forums as well. I see that you are moving to here. Is that the case for future actions?

Thank you

hi

selling at 1.5900 level (resistance) and exiting at 1.5670-1.5700 (support) level

is logical (if i did not miss this trade,i would enter and exit at these levels)

THANKYOU , ECEFX .

Waiting the eur/usd to give a sell opportunity at 1.3830 area

i think i missed the trade with 6 pips..

yes..i missed it

after missing a nice trade on the eur/usd i set a buy limit order on the AUD/CAD pair at 1.0010 and i have a 120 pip stop loss which means %3 risk of my account..

order triggered..