Trading for the Thrill

I'm writing this journal to track progress of this new account and will also post trade setups along the way.

All my entries will be manual, but if the trade require scaling in or scaling out, it will be automatically done by the EA I developed. Initial entry will always be manual, exit may not be. Lot size will be automatically calculated based on account balance.

Let the game begin!

at least have a friend on playing this game
come on broooo

Sure, are you in?

Went short at 1.133 when it got rejected from H4 channel top, but closed for +5 pips. Should have held that position at BE. But overall satisfied with 1st day return of almost 1%.

USD Index has broken daily channel to the north and is expected to make a close above it. I expect it to at least test cloud top, Senkou Span A. So EURUSD sentiment is bearish in coming days.

Cheers buddy.. I will like to read this

Thanks

While EU made a very bullish close outside its bearish channel last week, Dollar Index didn't. This may be the reason EU failed so badly on hawkish Yellen as Dollar Index technicals almost always overrides EU technicals.

My trade return chart has formed bullish triangle, big break to the north coming soon.

Tomorrow is last day of the month. The month close will be very important as its been trying to close below Tenkansen line (red line) for months which is currently at 1.107. In order for the bearish trend to continue, month must close below 1.116 tomorrow as Tenkansen line will move to 1.1162 on next month open. If that happens 1.11 may be taken out easily and we may enter long term bearish trend to parity.