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The Wanderings of Tashkent

  • #1
  • First Post: Jul 31, 2014 2:28pm Jul 31, 2014 2:28pm
Finally, decided to have my own journal to keep track of my trades. Since I have very little time to devote to my trading, I enter whenever I get the opportunity to have a peek at the chart. So usually I spend no more than 5 minutes before my bet.
Seems like I would need little bit more time for decision making and will be posting my thoughts in this journal. Of course, not everything here will be related to trading. I may also post just random stuff which I find interesting.
There we go
As Above, So Below
  • #2
  • Jul 31, 2014 2:47pm Jul 31, 2014 2:47pm
This month has been a roller coaster for me. It was pretty hard to turn July to green, but I finally managed it. One of the main causes of this struggle was a very silly mistake: setting up a SL for GBPNZD and leave it open for weekend. Now I know that the spread on this pair can easily to 50 pips and beyond on Friday close. Basically lost bulk of the profit. I should have either closed the trade or remove the stop loss. Here how it happened:
Attached Image (click to enlarge)
Click to Enlarge Name: gn1.jpg Size: 44 KB
As Above, So Below
  • #3
  • Jul 31, 2014 3:05pm Jul 31, 2014 3:05pm
Nevertheless, fought back hard and covered the loss:
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gn2.jpg Size: 37 KB
Click to Enlarge Name: gn4.jpg Size: 38 KB
Click to Enlarge Name: gn5.jpg Size: 43 KB
As Above, So Below
  • #4
  • Jul 31, 2014 3:09pm Jul 31, 2014 3:09pm
there were other interesting trades this month but I better concentrate on future trades. I will post soon if I can notice any interesting setup.
As Above, So Below
  • #5
  • Jul 31, 2014 9:31pm Jul 31, 2014 9:31pm
I found 2 pairs which can be shorted at bounce
One has to be careful with ZARJPY because even very little leverage can significantly affect your capital.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: f0c399b353c9900f8bd78949341ef30c.jpg Size: 104 KB
As Above, So Below
  • #6
  • Jul 31, 2014 9:54pm Jul 31, 2014 9:54pm
Hello Sensei
Good to hear that you started your own thread.
Subscribed.
Good luck!
Journey is more important than destination
  • #7
  • Jul 31, 2014 9:59pm Jul 31, 2014 9:59pm
Quoting tashkent
This month has been a roller coaster for me. It was pretty hard to turn July to green, but I finally managed it. One of the main causes of this struggle was a very silly mistake: setting up a SL for GBPNZD and leave it open for weekend. Now I know that the spread on this pair can easily to 50 pips and beyond on Friday close. Basically lost bulk of the profit. I should have either closed the trade or remove the stop loss. Here how it happened: {image}
Still waiting to go long with this pair ...
Journey is more important than destination
  • #8
  • Jul 31, 2014 10:13pm Jul 31, 2014 10:13pm
Quoting traderbola
{quote} Still waiting to go long with this pair ...
Hey TB!
I am watching GU and NU. GBP looks pretty weak and NZD trying to find support. This is not good news for GN longs in my opinion. Now I am looking for shorts. If this goes up, closely watch 1.9890-1.9900 area. We might have already seen the high of the last 5 months. I may consider buying only at 1.9750 aiming 2.020. But all these are just pure speculations
As Above, So Below
  • #9
  • Aug 1, 2014 7:29am Aug 1, 2014 7:29am
Quoting tashkent
{quote}... If this goes up, closely watch 1.9890-1.9900 area. We might have already seen the high of the last 5 months. I may consider buying only at 1.9750 aiming 2.020. But all these are just pure speculations
action is getting more clear:
Attached Image (click to enlarge)
Click to Enlarge Name: gn.jpg Size: 54 KB
As Above, So Below
  • #10
  • Aug 1, 2014 9:02am Aug 1, 2014 9:02am
long GN. let's see
Attached Image (click to enlarge)
Click to Enlarge Name: gn.jpg Size: 73 KB
As Above, So Below
  • #11
  • Aug 1, 2014 1:29pm Aug 1, 2014 1:29pm
Quoting tashkent
{quote} If this goes up, closely watch 1.9890-1.9900 area. We might have already seen the high of the last 5 months. I may consider buying only at 1.9750 aiming 2.020. But all these are just pure speculations
basically the price reached 1.9750 and giving some hints that retracement is over. only 1.9900 can prove that. hoping to see a good run up next week if 1.9750 holds tight...
Attached Image (click to enlarge)
Click to Enlarge Name: gn.jpg Size: 66 KB
As Above, So Below
  • #12
  • Aug 2, 2014 10:59am Aug 2, 2014 10:59am
EURGBP - promising setup for long term trades. In the past tried a few times buy and hold but stopped out. Now it has my interest again.
0.8000 may cause some problems. I will be closely watching how price will play out in this area.
Attached Image (click to enlarge)
Click to Enlarge Name: EURGBP DAILY.png Size: 56 KB
As Above, So Below
  • #13
  • Aug 5, 2014 7:29am Aug 5, 2014 7:29am
trades opened today. these are swing trades so up to 100 negative pips with each trade is considered. will give them a day or two to play out the direction.
Attached Image
As Above, So Below
  • #14
  • Edited 8:00am Aug 5, 2014 7:50am | Edited 8:00am
Still holding USDZAR long. I want to see whether break out will occur
Attached Image (click to enlarge)
Click to Enlarge Name: zar.jpg Size: 83 KB
As Above, So Below
  • #15
  • Aug 5, 2014 9:43am Aug 5, 2014 9:43am
This one is getting there, letting run it higher but locking the profit
GBPNZD:
Attached Image (click to enlarge)
Click to Enlarge Name: gn.jpg Size: 119 KB
As Above, So Below
  • #16
  • Aug 5, 2014 9:59am Aug 5, 2014 9:59am
Quoting tashkent
Still holding USDZAR long. I want to see whether break out will occur {image}
profit taken: at 10.7543. Not as I expected but 210 pips is better than nothing.
As Above, So Below
  • #17
  • Edited 12:01pm Aug 5, 2014 11:47am | Edited 12:01pm
Quoting tashkent
This one is getting there, letting run it higher but locking the profit GBPNZD: {image}
trailing stopped at 1.9931: +126 pips from this one
As Above, So Below
  • #18
  • Aug 5, 2014 10:08pm Aug 5, 2014 10:08pm
closed all losing trades involved NZD. this is a disadvantage of stop and limit orders. you can't see how price movement is evolving.
keeping GBPAUD long and a few EUR longs.
As Above, So Below
  • #19
  • Aug 6, 2014 7:27pm Aug 6, 2014 7:27pm
"something" is coming. a big one. maybe decisive one.
Attached Image (click to enlarge)
Click to Enlarge Name: c7bdf854a83e5ac3568ec55cdf817da6.png Size: 54 KB
As Above, So Below
  • #20
  • Aug 6, 2014 8:01pm Aug 6, 2014 8:01pm
Quoting tashkent
"something" is coming. a big one. maybe decisive one. {image}
possibly down?
Journey is more important than destination
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