Wannabechamp Journal

For those who trade early AM UK time, the set up on GBPNZD was available, my mentor killed it this morning

Entry 6:00, added position at 6:48

Hope this helps you guys see where entry exits i take, the trades I take.

This will be enough information for you to be able to take the charts, the TF and think why I entered? does it match with your set up? if not why? what works for you.

Happy pipping

If you find this helpful make sure you let me know keeps me motivated to update this post

Next watchlist

GBPNZD GBPJPY throughout the day. Fair amount of news too

counter traded and took 24 pips short, scalp GBPNZD looks like good day so far. Bagged my pips before 10am!

GBPAUD watchlist

Pretty exhausted today, from there I took another 3 trades

2 Losses

1 trailing profit

Will post either tomorrow or later tonight when I review

Really good day for me today

HAPPY PIPPING

gbpjy short

Took 5 pips last night on gbpjpy short even though it went much further same with gbpnzd

This morning hit GBPAUD long

Well #GBPAUD $GBPAUD went just as I called it how ironic haha

30 pips short on GBPNZD

Will put a review tonight

Loss Earlier

Profit after.

The loss was a really bad judgment say in it too long

EUR was a huge drop, considering I was looking at EURUSD and EURJPY these hit 13:30 where the news came and pushed in the direction of the trend.

These where the safe trade but just completely missed as I was staring at GBPNZD

Oh well can't get them all but at least I know that, the set up is much better so to focus on that for future.

My next watchlist GBPJPY, will leave EUR for a bit the move needs to settle.

$GBPJPY #GBPJPY Long? lets see if good entry

Call on $gbpjpy #gbpjpy was spot on!

16.9 pips profit, TP waited for it to break 18560 too long, could still go up but news didnt give.

$GBPJPY This 185.50 - .60 level is pretty killer! Waiting on the sidelines for now.
Good job with the journaling.
I'll be keeping up with it.

Thank you very much, I love to hear feedback from people who follow me stay tuned!

First trade this morning,

GBPAUD

Was totally stupid, but hey I'm human I make mistakes

It pushed, didn't show me any strength and I TP and left it and for some greedy reason I decided to enter again and it cost me around 40 pips at a full size trade I trade at.

Well we all do these stupid things from time to time, so it's something to share and hopefully learn from these mistakes together. T

The 2nd loss -16 pips was fine, that was mid size position and was in my set up so totally fine.



Now GBPJPY;

I have been aiming for that price 598 fib line for ages now, there was no real drive even with the news took 2 position and just TP.

I am going to forget about this before I enter in again and just make a loss overall.



Another mistake I made today was I over traded by 2 positions that was totally unnecessary, that is my huge weakness at the moment and my only draw down. Once I correct this I am pretty certain that my target will come that much quicker.

GBPNZD



Pure example of overtrading... I don't even know what to say or what was wrong with me today, I TP too early on 28.7 pips no sign to exit trailed 100+ pips, even if I wasn't greedy around 70+ pips was the only sign to get out in my set up.

Following this, I tried not once but TWICE to re enter....

Its funny and a eye opener when you do your reviews at the end of the, you see how you have come along. Good days and Bad days, doesn't matter just need to keep going learn from it and move on.

But hey it may be a loss today but this week was still good for me.

My courses have finished so if your interested message me and ill do a 15% discount for forex factory users or so.

I don't know how you're able to handle it but lower time frames ALWAYS makes want to over trade. I can't control it, lol. I'm the crappiest scalper and I've come to accept that but it seems like you're able to get it. Sticking to my 4-hours for now.

In regards GPBAUD, I'm betting it'll get down to 2.11 some time next week. We'll see if 2.08 gets hit in the near future.

How has the heiken ashi been treating you?

#EURJPY %EURJPY pull back against the bear? time for quick bulls?