Mr Breakout (Day) Trading Journal

Stopped out.

Cable moved 30 pips in my favor and hit the break-even stop.

Short GBP/JPY 139.65, 30 pip stop.

Out at 139.60, +5 pips.

The trading results for this week will be posted soon.

Next week I will be following/trading a new system that I have been developing with a friend of mine, a Forex trader like me. This new trading system delivers superior trading results.

i really appreciate all of your post hey are accurate and simple.
am also looking forward to receive go

No problem James, I will keep you posted and keep this thread as informative as possible.

In the meantime have a great weekend fellow Forex traders, wherever you are.



For those of you wondering, that's the fantastic "Last Waltz" concert, the final concert of The Band (a Canadian-American rock group), held on American Thanksgiving Day - November 1976 in San Francisco - and directed by Martin Scorsese.

(Ranked number 1 Rock concert of all time by Rolling Stones Magazine. Rumors said that the amount of cocaine and other drugs consumed during this concert (on and off stage) - not to mention booze - was truly phenomenal and exceeds millions of dollars).

Short EUR/CAD 1.4343, 30 pip stop.

Oops, I forgot to post this:

Trading results for week ending March 17, 2017:

03/12 Long CHF/JPY 113.73, 25 pip stop: +10 pips

03/13 Short GBP/AUD 1.6102, 35 pip stop: -35 pips
03/13 Short GBP/AUD 1.6120, 30 pip stop: Break-even
03/13 Short EUR/NZD 1.5390, 25 pip stop: -25 pips
03/13 Short EUR/NZD 1.5390, 30 pip stop: -30 pips

03/14 Long EUR/CAD 1.4335, 25 pip stop: -25 pips
03/14 Short GBP/AUD 1.6075, 35 pip stop: Break-even
03/14 Short GBP/USD 1.2152, 25 pip stop: -10 pips

03/15 Short GBP/AUD 1.6020, 35 pip stop: +50 pips
03/15 Long AUD/USD 0.7660, 30 pip stop: +20 pips
03/15 Short USD/CAD 1.3352, 35 pip stop: +27 pips
03/15 Short USD/CAD 1.3320, 35 pip stop: +11 pips

03/16 Long GBP/JPY 139.95, 35 pip stop: +20 pips

03/17 Short GBP/CAD 1.6450, 30 pip stop: -30 pips
03/17 Short GBP/USD 1.2355, 30 pip stop: Break-even
03/17 Short GBP/JPY 139.65, 30 pip stop: +5 pips

Total for the week : -12 pips

Total since beginning: +185 pips.

From a chart pattern point of view we have a potential breakout from a trendline on the EUR/CAD (5-min).
Test of the breakout line (blue line) has also been completed.

Now of course the market makers are going to read the preceding post and say : "Oh yeah?" and then they will mess things up, watch

Remember, they are seeing that breakout too...

+25 pips, moving stop to break-even.

Long GBP/AUD 1.5990, 30 pip stop.

Less than 45 minutes to Reserve Bank of Australia March Rate Meeting Minutes (8:30 PM EST), hope it moves that lazy mule...

Moving stop to break-even.

Out at break-even.

Didn't I tell you that the market makers would mess things up?

Jokes aside, I am still not sure what's moving the EUR/CAD up, however.

And believe me, the Canadian dollar is extremely hard to move during the Asian session.

But who cares.

Out at 1.6020, +30 pips.

Short USD/CAD 1.3330, 25 pip stop.

And speaking of Canadian dollar, notice the (potential) breakout in progress from a Head and Shoulders formation (15-min)...