(binned per thread starter’s request) GEfx Trading Journal

Slow day today. Two trades on this trading day, both on the $/JPY. I banked 68 pips on trade #1, and still in trade # 2 as it approaches my target at 99.20 again.

Edit: Trade #2 hit the target at 99.20 for an additional 31 pips. Done for the day.

As stated in a previous post, I've been interested in the GBP/CHF for a while now going south. I've been building a position in this pair since London open today. I'll post a chart later today, but am up on two trades now, hoping for more. Current stop of both trades will protect 45 pips profit combines, and am up about 100 now, but I may re-position the stop soon to give it more room.

Here is the chart from earlier:

The follow-up to the GBP/CHF looks like this:

Stopped out of the GBP/CHF, now re-working the charts as I look for the next move.

Traded the GBP/CHF, AUD/JPY, and the $/JPY today. Here is the $/JPY chart:

2 standard lots? ;p congrats

No charts today, been up all night watching hockey and trading. I hope everyone has been trading these big moves. I've been trading the $/JPY and the EUR/AUD, and have banked profits while keeping some positions open in each just in case they start to run again. Tightening stops to protect profits on the open positions.

Was on vacation on Monday and Tuesday. Traded FOMC this afternoon: GBP/$, $/JPY, and AUD/$. GBP/$: sold at 1.5580, and a second at 1.5558, with my stop now at 1.5493, protecting 150 pips; $/JPY: bought at 96.70, a second at 96.02, and a third at 96.43, stopped out on all three at 96.66 for 180 pips; AUD/$: sold at .9424, with stop now at .9329, protecting 95 pips. No time for charts as I am looking to re-enter the $/JPY.

Edit: Forgot the thank Big Ben! Just moved my stop on the AUD to .9308, protecting 116 pips; entered the $/JPY at 96.12, stop now at 96.14.
Edit 2: AUD hit the stop and got 116 pips on that trade. $/JPY is now up about 35 pips. GBP/$ just hit the stop at 1.5493, so final number there is 150 pips. That leave the $/JPY as my last trade of the day. Total in the bank from FOMC is 445. Would like to see that yen trade go for 55 pips.
Edit 3: Got the 55 on the $/JPY, and done for the evening.

Lots of great trading today, here is an example from the GBP/AUD:

Just traded the GBP/$ today. Here is the chart:

No trades today (6/24/13). Market structure was not developed enough to warrant a trade. The bankers did, however, construct enough structure for the next few days, if not the rest of the week. Watching eight pairs now.

No charts again today. Entered 5 trades today in the EUR/$, GBP/$ and GBP/CHF. Captured about 135 pips in total. All were fib-based trades with entry on the .50 fib. Market structure needs to develop a bit for tomorrow. Will monitor through Tokyo open.

In multiple trades at this time, with my favorite being the GBP/AUD. Have moved stops to protect profits on both (just a little on trade 2). Here is the chart:

Just finished trading for today. Here was my GBP/$ trades from today...a little different entry than usual but the market structure dictated that adjustment:

Slow start to the day, but am now short the GBP/$ at 1.5296 on the retracement to the .50 fib, protecting my entry price now as it moves to 1.5270. PA has bounced off 1.5263 on two occasions today, so this may not go any where, but a break of 1.5263 could go back to 1.5197 or so.

Here is the chart of the GBP/$ trades as it develops. The final target is still 1.5197, but there are several intermediate targets to get through in order to reach that price.

Wow, that was a huge gift from the market. Entered a second trade at 1.5268 on the quick retrace to the last .50 fib at 1.5270. Have move my stops on both trades, protecting profits.

Just took both trades off at 1.5218. Captured 79 on trade 1 and 50 on trade 2. Will look for a re-entry at 1.5145.

Just a few more notes from the GBP/$ today. I did not follow through with any more trades on this pair today based on this analysis and considering the time of day: