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Mr Breakout (Day) Trading Journal

  • #61
  • Edited 5:09pm Feb 15, 2017 4:54pm | Edited 5:09pm
Quoting Giulietta
Yeah I think that's well played. Well done!!!
Thank you Giulietta.

I was expecting a huge move after the Australian report but it just did not happen, so sometimes you just have to take what the market is giving you.

Here are the trading results so far, since the beginning of this thread.

February 13: Bought GBP/CAD at 1.6375, 35 pip stop: -35 pips
February 13: Short limit order at 1.6355 GBP/CAD, 30 pip stop: +55 pips
February 14: Short GBP/CAD at 1.6300, 35 pip stop: +20 pips
February 15: Short order on the GBP/AUD at 1.6177, 35 pip stop: +27 pips
February 15: Short again GBP/AUD at 1.6170, 30 pip stop: +20 pips

Total so far: +87 pips.

Good night Giulietta, see you tomorrow as the adventure continues, like they say on TV.
  • #62
  • Feb 16, 2017 5:06am Feb 16, 2017 5:06am
Morning!

That's impressive.
So you concentrate on one currency pair at a time?
How do you decide on when to enter a trade?

Do you recommend any books/websites to read?

Cheers

Giulietta
  • #63
  • Feb 16, 2017 12:38pm Feb 16, 2017 12:38pm
Quoting Giulietta
So you concentrate on one currency pair at a time? How do you decide on when to enter a trade? Do you recommend any books/websites to read?
Hello,

Each day I watch 28 currency pairs from the 8 major currencies (USD, EUR, JPY, GBP, CHF, AUD, CAD, NZD) . It seems like a lot but it's really not that hard at all.

After 30 minutes or so I select 2 or 3 pairs that meet certain price action criteria and then wait for the right moment to initiate a short or long position.

Here are a few books I recommend :

Trend Following: Learn to Make Millions in Up or Down Markets by Michael Covel.
Market Wizards: Interviews With Top Traders by Jack Schwager.
Trading Systems and Methods by Perry Kaufman.
Encyclopedia of chart patterns by Thomas N. Bulkowsky

See you later, I am currently watching EUR/NZD.
  • #64
  • Feb 16, 2017 1:27pm Feb 16, 2017 1:27pm
Bought EUR/NZD at 1.4773, 35 pip stop.
  • #65
  • Feb 16, 2017 1:29pm Feb 16, 2017 1:29pm
Thanks will get reading....
Brent Crude Oil - I looked at today, pretty volatile. Overall made 2 pips one buy and two shorts- at least no loss like yesterday.
Still my account down by 12% - need to work on strategy and discipline.

Good luck with EUR/NZD.

Think I'll be having an early one tonight....
  • #66
  • Feb 16, 2017 1:31pm Feb 16, 2017 1:31pm
EUR/NZD is trying to break through the high of the day, excellent...
  • #67
  • Feb 16, 2017 1:33pm Feb 16, 2017 1:33pm
Quoting Giulietta
Thanks will get reading.... Brent Crude Oil - I looked at today, pretty volatile. Overall made 2 pips one buy and two shorts- at least no loss like yesterday. Still my account down by 12% - need to work on strategy and discipline. Good luck with EUR/NZD. Think I'll be having an early one tonight....
Take care Giulietta, thanks for stopping by.
  • #68
  • Feb 16, 2017 1:37pm Feb 16, 2017 1:37pm
New Zealand retail sales in less than 10 min (4:45 PM EST).

Show me the money EUR/NZD!

Inserted Video
  • #69
  • Feb 16, 2017 1:57pm Feb 16, 2017 1:57pm
Come on, I want to see at least 1.4800, chop chop.
  • #70
  • Feb 16, 2017 4:06pm Feb 16, 2017 4:06pm
Quoting Mr Breakout
Bought EUR/NZD at 1.4773, 35 pip stop.
+25 pips, moving stop to break-even.
  • #71
  • Feb 16, 2017 5:38pm Feb 16, 2017 5:38pm
Long again EUR/NZD at 1.4780, 30 pip stop. Two positions are now open, long at 1.4773 and this new one.
  • #72
  • Feb 16, 2017 7:12pm Feb 16, 2017 7:12pm
Out at 1.4800 on both short EUR/NZD positions, +47 pips (27 + 20).

Total since the beginning of the first call (February 13): +134 pips.
  • #73
  • Feb 16, 2017 9:38pm Feb 16, 2017 9:38pm
A breakout to the upside from a descending channel is still in progress on the EUR/NZD (15-min):
Attached Image (click to enlarge)
Click to Enlarge Name: image.png Size: 212 KB
  • #74
  • Feb 16, 2017 9:58pm Feb 16, 2017 9:58pm
you hiding in here now? cant blame you, good luck....
Look Sharp/Trade Tight
  • #75
  • Feb 16, 2017 10:20pm Feb 16, 2017 10:20pm
Quoting PayTheLimit
you hiding in here now? cant blame you, good luck....
"Hiding"??

There is nothing going on on the GBP/USD these days (just weird reversals and a lot of false breakouts) that's why I did not post anything on the cable thread lately, that's all.

Feel free to add your own specific buy/sell signals.
  • #76
  • Feb 16, 2017 10:25pm Feb 16, 2017 10:25pm
Quoting Mr Breakout
{quote} "Hiding"?? There is nothing going on on the GBP/USD these days (just weird reversals and a lot of false breakouts) that's why I did not post anything on the cable thread lately, that's all. Feel free to add your own specific buy/sell signals.
sure I understand, I'll leave you be, but will stop in time to time to bug ya...
Look Sharp/Trade Tight
  • #77
  • Feb 17, 2017 9:35am Feb 17, 2017 9:35am
Short EUR/NZD 1.4780, 35 pip stop.
  • #78
  • Feb 17, 2017 10:10am Feb 17, 2017 10:10am
Hiya
Taking this one too!
Thanks

G
  • #79
  • Feb 17, 2017 10:28am Feb 17, 2017 10:28am
Quoting Giulietta
Hiya Taking this one too! Thanks G
Good afternoon.

The target for this short EUR/NZD position is 1.4750 (30 pips below entry price).

However, this is only a little "snack" trade, (like eating Doritos chips), I will need to close the position at 3PM or so (EST, 8PM London), to avoid any weekend gap.
  • #80
  • Feb 17, 2017 10:44am Feb 17, 2017 10:44am
Thanks for that insight, will close by 8pm.
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