June 2011

deleted thread .....

Account size for this journal is US$25K live, trading intraday 15mins charts setup limited to 9 major pairs: EUR/USD, GBP/USD, AUD/USD, EUR/JPY, EUR/CHF, USD/CAD, EUR/GBP, USD/JPY, USD/CHF. Other pairs in watch are GBP/JPY, GBP/CHF, AUD/JPY, CAD/JPY, NZD/USD, but will not be analyzed or traded in this account. Average trades per day is 2-6 over european and american sessions, from 2amEST to 6amEST, and then from 8amEST to 12pmEST. Risk per trade is US$100 or 0.4% of equity, loss limit per day is US$400 or 1.6% of equity.

Shorted EUR/JPY at 117.30 with default 21pips stop, to be adjusted soon. [Update: Stopped for -21pips]

based on 15mins pin bar, shorted 0.97557 stop at 0.97727. Exited partial for +17pips. [Update: Closed remainder +2pips]

Pin bar at 38.2% retracement of downtrend move.

entered long on 15mins pin bar 7:45amEST at 1.64214, exited partial for +25pips. [Update: Closed remainder 1.64625 for +41pips]

Missed shorting the exhaustion move to M4 pivot after 3 pushes to highs (white arrows), so picked up retracement long at 38.2% fib.

Didn't find anything I like for Wednesday european session. Will come back at 8amEST for New York session .....

missed a short at 0.9816-0.9820 area,

shorted EUR/JPY at cluster of 61.8% retracement lines, entry 117.294 with default 21pips stop. Took quick partial profits +21pips. [Update: Trailed out remainder, best exit at +35pips]

shorted on 15mins pin bars against strong downtrend, entry 80.196 stop 80.336. Took quick partial profits +14pips. [Update: Trailed out remainder, best exit at +19pips]

shorted 0.98066, scalped partial profits best exit at +23pips.

Would have been easier to trade long, instead of picking counter-trend reversals 3 times for small scalps. Currently short USD/JPY at 80.37 from 2pmEST (3rd trade in picture) taking partials for +14pips and likely to be stopped out on remainder half into Friday.

[Update: Wasn't around to take the low exit at 79.96, closed the remainder at 80.191 for +18pips.]

USD/CAD fell 89pips from 0.9812 to 0.9723, but I wasn't able to capture the full gains. Picked up second trade on USD/CAD with long at 0.9739 from 12:15pmEST with stop 0.9722. Not looking good going into Friday.

Could only pick up +17pips on first half, then closed remainder at breakeven before major CAD news.

First entry 1.63156 was bad, anticipating double-top 4mins and quickly stopped out -25pips(snipped by 4pips to HOD). Re-entered short 1.6324 and took partials to 1.62892 for +35pips.

missed EUR/USD long at 15mins pin bar 9:30amEST. also missed EUR/JPY long at 7:15amEST inline with uptrend.

shorted EUR/JPY counter-trend at 116.564 picking up partials at +21pips and +41pips. holding small remainder to 115.80. [Update: closed remainder for +62pips]

wasn't trading well the past couple of days, so very happy to catch a good trade in EUR/USD today. one long 1.41463 for +20pips and re-entered long 1.41705 for +51pips. got out too soon at 1.42218 but fine for the day.

Shorted 1.20443 around 3:15amEST and scalped +35pips, trailing out breakeven. On hindsight, should have noticed the two day double-bottom formation and long entry at the railroad tracks 4:15amEST (circled in pink). Missed a nice 120pips run up.

lucky find. 15mins failed pinbar entry, shorted 1.20967 and scalped partial profits to 1.2041 for +56pips.

shorted on 15mins double-top, added on pin bar, from 0.98333 to 0.97942 for +39pips.