Hurt Trades Late London/NY

I'm a relative newcomer to Forex and trading in general; I'll post some live trades in here, and at the end of the day my complete chart of trades. Right now I'm not a profitable trader, maybe that will change over the course of this journal.

(I am currently trading the 5m and 15m charts for E/U)

Short @ 1.4050

Covered my short, long @ 1.4057 based on pinbar off of previous major swing low (from early march) and low volume downbar into fresh territory

Half out near B/E, sticking with the other half

Stopped out on the other half

Long at 1.4050 (that area seems to be coming up a lot in the whole 3 posts I've got so far)

Stop moved to 1.4048

Stop moved to 1.4057

Half off at resistance

Stop moved to 1.4069

2nd half stopped out at 1.4069

Short at 1.4068 (pinbar/resistance/decreasing volume at resistance/big number (1.4080) - looks good)

Stop moved to 1.4076

Stop moved to 1.4068

Stopped out at a little worse than B/E (very fast up candle)

edit: High-Impact Euro news just now, I checked earlier but had forgotten

Long @ 1.4097

Now its looking like a possible bounce off of 1.4100 - I've moved my stop to 1.4087 and put in a sell stop at 1.4086

edit: re-evaluated that idea, I'm leaving my stop at 1.4087 but I've removed the sell stop

Short @ 1.4371

Stop and reverse, now long at 1.4387

Stop moved to 1.4377

Short @ 1.4429 (pinbar off of Tokyo High w/ Divergence)

Half off at resistance (1.4421)

Moved the stop on the other half to 1.4431

Moved the stop to B/E

Long @ 1.4429 (Pinbar off resistance again, without divergence but this time with the medium-term trend)

Boom! Half off at resistance again (the Tokyo high)

Moved the stop on the other half to B/E +2

Short @ 1.4635 (low volume pinbar off of minor support w/ hidden divergence)

Out at 1.4635 for a very small loss

Long @ 1.46352, pinbar off of stronger support, this time with the longer-term trend

Half off @ 1.4638, I now see that I took a trade right into a downwards trendline

Moved the stop on the other half to 1.4635

Stopped @ 1.46365

Long @ 1.4641 (pinbar off resistance after low volume climax down-bar), got a bad fill on that sudden upspike

Half off at resistance (1.4645)

Quarter off at resistance/high-volume climax up-bar (1.4654)

1.4650 looks like a good spot for a short if my current long were to be stopped out, but I'm avoiding trading near orange/red news for the time being.

(pinbar off of the Tokyo channel high followed by a high-churn doji bar, both preceded by a high-volume climax up-bar all say short to me)



edit: aaaand the long is stopped out

try a higher time frame, gives you time to think. A lot of people find when they change, it is less stressful.

Long @ 1.4612

More time to think sounds good, but I think I would find holding positions overnight/over the weekend very stressful. Trading on the lower time frames allows to me to have a clearly-defined trading time where I don't have to worry too much about what the market is doing while I'm not sitting at my computer.

I got out at 1.46093 for a small loss, price hadn't moved much for several bars and it was a poorly chosen trade to begin with; it was with the current short-term trend, but the pinbar wasn't well formed and had come just after a high-volume exhaustion bar.

Long @ 1.46217

Took half off @ 1.46242 (price couldn't manage to close above the stopping volume up-bar on the 5m charts, not a good sign)

Long @ 1.4339

Took half off @ 1.4345, upwards movement was stalling on the big up-bar

1/4 off @ resistance (1.4353)

Remaining 1/4 stopped out @ 1.4347