my journal - ronfis

This is my journal.

Thank you forexfactory

USDCAD
sell @1.30491
SL 1.31491 (100 Pips)
TP 1.27491 (300 Pips)

reason:
triple top
2BR
resistance
good RR

reason why it doesn't work:
not quite reach resistance yet
I saw 89ema daily support
mid term trend is up

right after bank rate announcement price dropped 100+ pips and then go up again.
price touched short term trendline support
I feel discomfort because it's after big news. I want to avoid whipsaw
Price has reached +100pips

So I moved SL to break even

GBPCAD

SELL @1.70074
SL 1.74674 (460 pips)
TP 1.65474 (460 pips)

Pro reason:
- 2BR at resistance
- price trending down

Con reason:
- trend might have ended
- price down is slowing down

Plan:
- Move to break even once price reached support

USDCAD
closed the trade @1.29410 (+108.1 Pips)

Return +1.08 RR

I might have closed too early, but price has reached 1:1 RR and seems stalling

it might be my psychology that caused me to close earlier but I'm afraid if the price go up and hit my break even.

AUDUSD

SELL @0.75927
SL 0.76927 (100 pips)
TP 0.73927 (200 pips)

Pro reason:
relative large beeb
resistance

AUDUSD
Price dropped around 100 pips.
Move SL to breakeven

#3 AUDUSD
move SL to 0.75227 (+70pips)

#4 SGDJPY
SELL
@78.137
SL 79.335 (120pips)
TP 74.535 (360pips)

pro reason
79 is resistance
downtrend
beeb (not A++)
beeb at USDJPY

found similar pattern at CADJPY but I choose SGDJPY because of better RR.

#3AUDUSD
failed to reach 2R
stopped out @0.75228
+70pips (+0.7R)

#4 SGDJPY
reached 1R (120pips).
moved to breakeven +1pip

found support
I'll give it a time if it will break support or not, the trend is down

#4 SGDJPY
closed
hit breakeven @78.137

It would have been profit if I took 1:1 RR

#5 USDCHF
[email protected]
SL 0.99603 (100 pips)
TP 0.97103 (150 pips)

1: 1,5 RR

3 ascending top (exhaustion pattern)
resistance
failed breakout

con reason:
might be too early to enter
last candle pattern is not A++

There's another interesting setup AUDNZD.
I didn't take this trade because of my rule not allowed me to.
But I want to see how this will end up, so I posted here.


pro:
2 pin bar
wick on the upper side of candles


con:
mid term trend is up

#5 USDCHF
TP Hit @0.97103
+1.5RR

This one went well, hit TP in 2 days

JULY SUMMARY
total 5 trades from 13th july
#1 +1.08RR
#2 GBPCAD still open. But I consider this as losing trade
#3 +0.7RR
#4 BE (would be a winner if I take profit at 1RR)
#5 +1.5RR

total 3 winning trade, 1 BE, 1 loss

#2 GBPCAD
closed the trade manually @1.72987 (-0.63RR)

the reason for this close is because I want to move my balance to my new account. Otherwise I would have keep this trade opened until it touch my SL.

NEW ACCOUNT
==========

#1 CADCHF
BUY @0.74519
SL 0.73419 (110 pips)
TP 0.75919 (140 pips)
RR 1:1.27

I'm not quite sure about this trade

pro:
possible failed breakout
end of ABCD pattern
BUEB

con:
big round number resistance (0.75000)
the price might actually just retracing then go downtrend

#1 CADCHF
Price was on sideways and it seems it can't break 0.75000 (Big Round Number resistance)
I saw this pin bar. This is sell signal.

I closed the trade manually at 0.74581 (profit 6.2 pips).

I consider this trade as BE trade