A Rookie Dips His Toes

followup
GBPCHf - strong negative
GBCAD - sl
still really bad performance on reverse trades.

new
usdjpy short 15,30,1h - entry on 30m chart. wait for be. will miss
Cadjpy - same
AUDUSD short 1d, be occurred. retest isn't strong. placing pending order
Euraud long 4h, 1d. may have breakout but it wasn't strong

followup
gbpchf - reverse sl
Audusd -short 1d cancelled
usdjpy - short 15,30,1h - break out happened while I was at work. good profit before reversing. looks almost ready to enter again
cadjpy - same
euraud - long 4h,1d - would be break even or sl. wasn't a strong swing

new
reverse
none

trend
usdjpy - short 1h, need break out
eurjpy - short 1h, need break out
chfjpy - short 1h, need break out
cadjpy - short 1h, need break out
so jpy in general ...

jpy had breakout at 10pm. I entered a pending on usdjpy

followup
usdjpy - short 1h - sl moved to be. US unemployment claims is at 8:30. might close this one at 8:15.

new
jpy's appear to be consolidating again. but I already have a trade open.

followup
usdjpy - closed +16 pips, $31. Closing 15m before news was good idea. BE sl would have been hit

new
reverse
none

trend
EURUSD - 1h long - @ strong sr. nt
NZDUSD - 1h long. looks good. sr coming up but enough room for one or two swings. need break out of retrace.
AUDCAD - d short. not an easy to see setup. not sure here. will stay out.
USDCHF - 1h short. too much sr nearby

nothing new for now unless nzdusd breaks out while I am awake.

new week.

I am so tired of moving. The tenants move into my old house on Tuesday. So much work to get ready.

new
trend
AUDCAD - short daily. retracement broke. need retest.
eurnzd - short 1h - daily looks ready to reverse hour down trend. strong sr just below price.

no trades

follow-up
audcad - retested and started swing while I was gone. do I enter now after missing 25% of swing??? giving it a go
eurnzd - swung to sr I had marked and reversed. could have taken a small profit with conservative tp. or gone to sl with aggressive tp


new
reverse
none

trend
euraud - daily - broke retrace, wait for retest
audnzd - short daily - ready to trade. don't feel good about this one because of big gap last week. trading this one

follow-up
audcad - short daily - no entry, cancelled
audnzd - short daily - small loss right now. seems to be consolidating.
euraud - long daily - retested ready to trade. this would be my third aud open. too much risk on one currency. nt

new
audusd - short daily - ready to trade. too many aud trades. this one is the driver. placed pending order

followup
audnzd - short daily - made a nice run but is retracing on that run now. even at this point.
audusd - short daily - small positive now. a long way from tp.
euraud - long daily - was flat.

new
reverse


trend
cadjpy - 1h long - wait for break out
audjpy - 1h long - wait for break out

no new

followup
audnzd - decent positive
audusd - negative now. seems to be forming an M. Maybe now it will go down. also notice the carry charge is quite high for this one

followup
Audnzd - half way to tp. I would like to close half and move 2nd half to break even. cant seem to figure out how on mt4. did it on cell phone. first half +110 pips, +$44.27
audusd - flat on day, still slight negative. m did happen. feel good it will move into profit.

new
reverse
GBPCHF - shows proper entry. I'm not trading it. but will watch what it does. Entry would be at 1.4457. tp at 1.4344. sl at 1.4595.

trend
none

followup -
audnzd - d short - retraced last night. profit takers?
audusd - d short -retraced further - getting nervous this will be a losing trade.
gbpchf - reverse (no trade) - entry hasn't occurred

new
none, it's friday

ok, back from sometime off.

I am strictly going to trade the trend style. Hector's Traders methods. It looks like the thread is ready to go again.

no good setups tonight.

nzdjpy - 15m,30m,1h - swings are on 15m chart. the time frame is lower than what I like. also have 80.00 rn to break.

followup

Nzdjpy - long - it broke 80 last night, retraced and took off again. would have been a winner.

nothing new

CADJPY 1h long - wait for breakout
nzdusd 1h long - wait for breakout
nzdjpy - 1h long - ready to trade again. wait for breakout

placed a buy stop on NZDUSD 1 h long.

Hi Mike,

Ive been following along quietly in Background. Id say youd be pleased with that N/U trade by Now ??

Well done

SR

Hey SJR, I didn't realize anyone was reading this. I've started using shortened terms and bad English just for myself. Thank you for the note. It's good to know when I'm doing something good or not. I'm a little nervous still to post my trades in the main threads.

So yes NZDUSD went well. Closed at TP +40 pips +$94.

tonight AUDUSD 1h long - I'm placing a pending order. a retrace on the 15m chart has broken, there was a retest, now waiting for confirmation with the pending order.
eurcad 4h short - looks interesting but I'm not sure where to look for break out. Going to leave it for now.

I requested a withdrawal of the money I had invested in bitcoin. I tripled my money here since March but I just don't trust it. Too much of gamble to me. This will be my seed money for a live account in Forex. I have a live account just need to fund it.

so much for that. 70 pip drop in price in 15 minutes = sl hit. - 39 pips, -$79. just about erased the winnings from the last trade.

Good lesson here. I didn't notice the news event at 9:30. I shouldn't have entered a trade just prior to news. And I shouldn't stay in a trade if based on less than 4h chart with news coming unless I'm sitting just better than b/e with sl at b/e

not much meets the trend definition from Hector. The one's that do are showing signs of weakness. The most interesting is EURCAD. It is in a long drawn out triangle on the 4h chart. This one could provide a nice run once it breaks. NT