Hi. I'll record all my trades here as a self reflection. Right now I am making breakeven in my trading, I hope by doing this journal will help me learn from my mistake, and eventually lead me to the path of profitable trader.
Big bullish bar pierce through the recent swing high and then come back forming a pin bar, I set my order aboue the high of that pin, SL below the pin.
I was thinking to place a touch trade on the broken swing high when price came back, but eventually never do that because of lacking confidende.
It almost hit my SL.
When price hit the trouble area 1.2680 I moved my SL to X point, expecting it to go all the way to 1.2800. But I was wrong, I should have at least take partial profit. It hit my SL eventually then price just hovering around. This trade is badly managed, it should have been a winner.
I was thinking to place a touch trade on the broken swing high when price came back, but eventually never do that because of lacking confidende.
It almost hit my SL.
When price hit the trouble area 1.2680 I moved my SL to X point, expecting it to go all the way to 1.2800. But I was wrong, I should have at least take partial profit. It hit my SL eventually then price just hovering around. This trade is badly managed, it should have been a winner.
NZDUSD has been rising for many days. A pib bar formed on the daily candle. So my bias is short. I look for oppurtunity on intraday, I placed a short order under the 4hr bearish pin bar.
Price did manage to hit the FTA. then I moved my SL to BE. My take profit was on the red line on chart, it almost hit it then reverse. take out my SL at BE.
Price did manage to hit the FTA. then I moved my SL to BE. My take profit was on the red line on chart, it almost hit it then reverse. take out my SL at BE.
Price came back to broken resistance on hourly timeframe.
Price did bouce from the level.
But later on it formed a pin bar. I was expecting price to go higher, but I got a feeling that it's going down. So I just closed the trade at BE.
After that the price just plunged. I should have reversed the positon.
Price did bouce from the level.
But later on it formed a pin bar. I was expecting price to go higher, but I got a feeling that it's going down. So I just closed the trade at BE.
After that the price just plunged. I should have reversed the positon.
- #7
- Edited 7:19am Aug 2, 2011 7:07am | Edited 7:19am
Nice pinbar. I placed short order below it.
It was a very nice trade. Price just went down without hesitating. Took profit at 8170, swiong low point on monthly chart.
BUt obviously I closed it too soon, price went down much more further. I should have hold the trade longer if the price movement is so fierce.
It was a very nice trade. Price just went down without hesitating. Took profit at 8170, swiong low point on monthly chart.
BUt obviously I closed it too soon, price went down much more further. I should have hold the trade longer if the price movement is so fierce.
