The Student Journal

Hello everyone!

I've been a lurker for a while at forex factory and figured it was about time I start my own thread.This thread will be my personal trading journal. I will try to post as much as charts and proof as possible in addition to my trade explorer.

About me :

Im a 18 year old science student.I speak both English and French. I live in Canada, Montreal, an open city field with people from all around the world, just like this forum.

Trading experience :

I started study the market about 3 years ago and practicing on a demo account about 2 years ago. At first I had difficulties to understand how this market work, but over the years, i learned enough to be able to call myself a trader. I still have few things to learn and practice, but I decided to go live in order to learn and be able to trade with real stress. I have always been able to make profits on this business, all I have to to is to optimize those profits

My Goals :

I started to trade 3 year ago in order to make money. As time went on, trading became a challenge for me. Unlike other, I do not aim for a specific number. I simply want to make money to pay for my expenses. As a student, I will still continue my studies in order to have knowledge and a nice job. Forex money, if there's any, will be an extra source of income.

Feel free to post you comment and chart here. Any Criticism and advice are greatly appreciated.

Today we had a negative GDP from Canada. The summer is over and Oil prices are down due to global uncertainty. All these bad news will likely going to drive the canadian dollar down.

So i decided to go long on AUD/CAD. While the CAD will go down, the AUD is likely to improve since things are doing better in Australia now. I could have long USD/CAD, but the USD is too volatile and is greatly affect by the EURO, which is also volatile and unpredictable.

My stop-loss is at 1.02 . I will add a take profit later on. This position will be open for a while

Today I also added a short on EUR/USD. My stop-loss is at 1.3023 since we often had off hours new from Europe that Had huge impact on the Market.

I will be aiming for the 1.281 but this position will be closed before the NFP on Friday.

Talk to expend the Greek deal turn to sour after Germany decided that they should vote for that. early on this morning we had a rally based on nothing and a rally on the previous day too. Now, we have nothing to push the Euro up which is why I went short

Good call on shorting the CAD, the futur in North America seems quite gloomy. Sometimes I feel I'm the only one who is wondering why the world is still putting so much faith in the greenback (helping the CAD against other currencies) The Vix showed some signs of life a couple of days ago, it feels like it wants to go up (witch is never good) and watch out for the US recovery after this election year and all the talk about this so called fiscal cliff... the fundamentals look terrible. Only thing is that the AUD seems a little overheated too, I would have played the cad short against a risk off currency like the JPY especially if you expect oil to not rally for the time being, anyways my guess is as good as yours. Eventhough I just started recently to look around this forum seeking for new ideas I'm happy to see a fellow montrealer active on FF, good thing all this nonsense about raising the taxes on gain on capital did not discouraged you from trading, we will hope it stays that way!! In the meantime I wish you all the best of luck in your studies and your trading, I will follow your thread with attention

Well, I chosed this pair because I see a stable AUD stable in for the next month and cad down. I dont want to short the Yen in case that the BoJ do something. But you are right, right after the election the fundamentals will get ugly and with things like the fiscal cliff, there will be more uncertainty.

Im also glad to see a fellow montrealer on this forum. And even if the taxes increased, they are still very low and will not affect my plans. Lets all hope that on the next election Quebec will kick Marois and her party

feel free to comment and post around pal

I closed my long with 30 pips profit. The ADP number might bad du to Sandy so I decided to take my profits from EUR/USD

That news from Greece didnt help the Euro. Unfortunately, I wasnt able to participate in that trade.

My long on AUD/CAD is on the red right now but I expected it to be like that. Its a longterm trade and might take month to reach the point I want. I didnt chose where my take profit will be but 1.06 should be my target.

Tomorrow we have the NFP and since we didnt get anything good from Europe, I will short the Eur/USD only if the NFP number are good. While things are going very bad in Europe, US is improving month after month. With another good NFP, the longterm trend for EUR/USD should be downward

I managed to do just fine for the last days. At a moment, i was going to close my long on AUD/CAD and another moment I wanted to add more to this trade. The move of EUR/USD are a little bit confusing. Some news happen fast and the market react to them before I notice.

I am looking forward to long gold and the AUD again. I might go short on GBP/AUD since the move I saw a few week ago is still good. I will also look forward to short the the Yen, it might be against the AUD.

The main issue now is the US fiscal cliff and Greece. If the Fiscal cliff is settle fast, I will go long on USD/JPY. I will avoid trading EUR/USD as much as I can to avoid uncertainty

Finely thing are improving for that position on AUD/CAD. Hopefully the Chinese CPI wont spoil it. USD/CAD has also been moving, the CAD is going down

I added a long on USD/JPY. We add a retrace that is likely going to end. It was the perfect moment for to enter on this pair since I believe that in the long term this pair is doomed to go up. I might take a lot of time tho. this position is likely to remain open for months if not years.

My stop loss will be at 77. No take profit for that position, I will close it manually

once again, bad news coming out of Japan. I wanted to add another long on AUD/CAD, but instead, I added a long on AUD/JPY.

stop-loss at 80.60

although my 3 positions are positive for now, they are very likely to turn red. With the US fiscal cliff, my position on USD/JPY will go down, dragging my other position on AUD/JPY. The thing is, I decided to enter on these position now cause I think on the very long term, they will be winners. If the fiscal cliff turn bad, I will long gold or silver. Oil will probably go down. if Oil go down, the CAD will also go down. Atleast, one of my position, AUD/CAD is likely to remain positive.


I will only scalp on the EUR/USD. Uncertainty on both side can be destructive so scalp is the only solution. It doesnt mean I will not try to get 100 pips if a special occasion occurs tho.

Im tired of those crazy euro move. I dicided that i will not trade eurusd this week. This whole greek story is very confusing and i think that its better to stay out of it unless there is a real decision that is being made

there are too much uncertainty for this week. I closed all my trade and will take the rest of the week off trading

Moody's really had to fuck this market over. But even with this bad news, if Greece get the deal done tomorrow will be bullish.

The US economy is doing extremely well, I want to start shorting gold soon

EASING. easing everywhere now. The world governments are useless

no deal from Greece yet, I guess we will have to wait a little longer then.

For now, Im looking forward to long Crude Oil. I didnt get what Bernanke said today but Im watching closely for any news about the Fiscal cliff. As soon as this deal is sealed, I will probably short gold.

they failed to seal the deal but the Euro didnt move that much. I will wait for thursday evening to go short on the Euro

I've not checked the news, but the EUR/USD took off quite strong starting with London open today after a steep fall-off overnight. Made up all the ground and a little bit more. I've been able to score two profitable trades while this thing went up today followed by a smaller loss. I've not checked the news, but maybe you were right about Greece getting it's short-term problems patched over.

tomorrow is the last day for the Greek deal. Europe and Germany have no choice but to get that deal done, which is why Im going long now. If that deal doesnt get thru, I will not go short without a new plan