Gut Feel Gambling Trading Journal

This is my newbie trading journal. I have read babypips and have no clue about charting apart from the basic stats concepts like 'moving average'.

I plan to trade based on my own intuition / gut feel for the day mostly on market news and sentiment.

Today, AUD/USD is down below 0.93. I feel this is too low. I think there is a low probably that the US Fed will taper and an even lower probability that the AU RBA will reduce rates. If both hold true, the AUD should rise, right?

There is also talk of the US debt ceiling being hit and a possible US government shutdown. In my newbie world, I have no idea what that will mean to the USD so I will not take big positions today.

Trade: Bought AUD/USD @ 0.92898. SL 0.9269 TP: 0.935

HSBC PMI well below expectations.. 50.2 compared to expected 51.2. It is still better than last months 50.1. I have read that anything over 50 is positive growth. The AUD didn't go down and I have banked in half my trade @0.931110. That is a good 21 pip profit.

I would be happy with 10pips so I have moved my stop loss up to 0.93.

AUD actually hit my 0.935 target but unfortunately I was stopped out earlier @0.93. I will need to play that a bit differently next time. Still it was an avg 15pips profit so I was still in the money.

Today is RBA day. There is no chance they will raise rates. The market expects the rates to be unchanged so I am going short just in case they surprise with a cut.

Trade: Sell @0.933 SL: 0.95 TP: 0.88

Wide SL and TP ranges but in reality I will be glued to the RBA page and alter this when the news hits

The bet didn't pay off. Should have stuck with my original 'gut feel' from yesterday. Fortunately it was a very small bet, amount wise. Stop lossed @0.936.

The RBA news didn't have any easing bias in it AT ALL so I dived back in and bought a sizeable lot @0.9369 SL 0.93 TP: 0.95

It is already up 20 pips. I am feeling pretty good about this position now and I anticipate it should go even higher once EU and US wake up.

banked in 10% of the bet @0.939310 .. not on purpose. Accidentally had a typo in one of the lots. Will need remember to triple check my trades afterwards.

A profit is a profit though so am not fussed.

closed out another 40% of the trade @0.9426 last night for a handy 57pip profit . Good thing too because now the AUD has come back down to under 0.94. Moved SL up to 0.937 so that I at least break even on the rest of the trade.

Entered a new trade this morning. My first time with the AUD/NZD cross: 1.138460 SL: 1.117 TP: 1.16

This one is just purely because the Oanda news reports suggest everyone else is buying into it. The trend is up and the RBA announcement yesterday gives the AUD good support so 'feels' like a good enough bet

My AUD/USD trade stopped out @0.936950. Feeling a bit rotten I didn't bank in more at 0.9426 but o well, a profit is a profit.

With AUD downtrending, I just completed a quick buy and sell of the GBP/AUD pair. Bought @1.726700 and sold 1 hour later @1.729690 for a 30 pip profit. Rationale was recent positive UK news and current AUD downtrend. I am actually feeling it will hit 1.74 again but happy to call it a day with 30pips.

The AUD/NZD trade is going nowhere.. lets hope it shoots up later tonight.