Planting Seeds

My name is JPR and welcome to my trading journal.

This journal is linked to my trade explorer so you will be able to see all my trades. I will post charts which reference those trades when I can.

Please feel welcome to drop in anytime but please dont post things that will distract from the essence of this thread which is a trade journal.

Many thanks

JPR

I planted two seeds this morning:

TRADE #1
Buy EUR/USD @ 1.2738

TRADE #2
Sold AUD/USD @ 1.0188

I will post charts showing the reasons I have taken these trades later when I get time.

as to ur planting seeds -

i suggest planting seeds in the most fertile soil (thats ur opinion of course), the conditions has to be good for a good fruit to come from ur seed - good sunlight - enough water, and other kinds of gardening maangement.

good luck to your trading JPr

as for ur methods u can share that as well to others reaeding ur journal - like moi if u feel like it

Trade #1



I took this long on EU cause price is at the bottom of the channel (orange lines), but it is also around a heavy support area on the weekly chart. An additional bonus is the oversold stochastics have crossed up also. My take profit level is around the pink horizontal line.

I took this trade on AUD/USD to sell. Reason one was because of the resistance level shown by the pink horizontal line. Reason two was that price is under the 200sma (green ma). Reason three was the descending upper trendline of the wedge. And reason four was the overbought stochastic hooking and pointing down. Reason five is that price closed below the 10sma (red ma). I plan to move stop to BE if price reaches the lower trendline of the wedge and look to see if price breaks lower or stalls.

If price moves up significantly above the 10 sma then I will exit the trade.

Today I took 3 trades all from previously marked important levels (yellow lines).

nice trades mate

keep it up!



am subscribed and watching - lurking -observing



all positive from my end ; wont be doing negative schtuff

Subscribed

I am curious about your stop losses and TPs. How do you decide where you will put them.

Thanks for dropping in guys. Because I take trades from previously marked areas of interest then my stop loss usually is placed just beyond that zone. My Takeprofit is usually at the next marked area of interest. In the next post I will show you what I mean by a trade I took today.

JPR

Zoomed out chart:



Zoomed in chart with reasoning:

Another question if I am not becoming annoying. How do you determine those important levels? Price flips? Some kind of confluence? Something else? Your % of profits looks really impressive.

Dont worry you're not becoming annoying. I will try and post a video later to show how I set up my chart in the morning and mark areas of interest for the day.

I wouldnt focus on the % gains in my account at the moment to be honest - they will show as quite large (same for losses) because the account size is small. I'm risking slightly more than is recommended due to the small size of the account.

JPR

Sick trading J!

Am I right in assuming your risk per trade is 2-3%

Sorry if I'm wrong, Sim

Thanks Sim,

Yeah roughly that. If you look at the last negative trade I had on my explorer I think it was 3.1%.

JPR

Good job man keep it up. I risk 2% on my personal account but feel as if to a third party it looks like gambling, as the compounding really stacks up

Thanks mate. Good trading to you.

JPR

Short from 61 Fib