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Mr Breakout (Day) Trading Journal

  • #461
  • Mar 21, 2017 9:07pm Mar 21, 2017 9:07pm
Quoting Mr Breakout
Long USD/JPY 111.60, 25 pip stop.
Out at 111.52, minus 8 pips.
  • #462
  • Mar 21, 2017 9:08pm Mar 21, 2017 9:08pm
So far this week: +50 pips.
  • #463
  • Mar 21, 2017 9:10pm Mar 21, 2017 9:10pm
Short GBP/CHF 1.2400, 30 pip stop.
  • #464
  • Mar 21, 2017 11:19pm Mar 21, 2017 11:19pm
Quoting Mr Breakout
Short GBP/CHF 1.2400, 30 pip stop.
Out at same price.
  • #465
  • Mar 21, 2017 11:24pm Mar 21, 2017 11:24pm
Short EUR/NZD 1.5350, 35 pip stop.
  • #466
  • Mar 22, 2017 12:20am Mar 22, 2017 12:20am
Quoting Mr Breakout
Short EUR/NZD 1.5350, 35 pip stop.
Out at same price.
  • #467
  • Mar 22, 2017 2:21am Mar 22, 2017 2:21am
Hi James.
Could you please explain how, or simply provide a link?
Thanks.

  1. please i dont understand

  • #468
  • Mar 22, 2017 12:18pm Mar 22, 2017 12:18pm
Short GBP/NZD 1.7670, 35 pip stop.
  • #469
  • Mar 22, 2017 2:45pm Mar 22, 2017 2:45pm
Short EUR/NZD 1.5310, 35 pip stop.
  • #470
  • Mar 22, 2017 3:02pm Mar 22, 2017 3:02pm
Stopped out by the spread on both NZD positions.
Waiting for re-entry.
  • #471
  • Mar 22, 2017 3:15pm Mar 22, 2017 3:15pm
Short EUR/NZD 1.5302, 35 pip stop.
  • #472
  • Mar 22, 2017 3:52pm Mar 22, 2017 3:52pm
Closing EUR/NZD position at 1.5320 (18 pip loss) to avoid spread spike at 5PM EST.
  • #473
  • Mar 22, 2017 3:59pm Mar 22, 2017 3:59pm
So far this week, a small 38 pip loss.
  • #474
  • Mar 22, 2017 7:31pm Mar 22, 2017 7:31pm
Long GBP/NZD 1.7725, 35 pip stop.
  • #475
  • Mar 22, 2017 8:07pm Mar 22, 2017 8:07pm
Quoting Mr Breakout
Long GBP/NZD 1.7725, 35 pip stop.
Target for that long GBP/NZD position is 30 pips.

As you probably know, when a currency pair reverses the intraday trend and breaks the high/low of the day (in this case the high at 1.7755) it usually pullbacks, almost immediately or a few minutes later, unless the new trend is extremely strong.

Why?

Because a lot of stop orders are located at that level and the market makers love to play games with these previous support/resistance...
  • #476
  • Mar 22, 2017 8:17pm Mar 22, 2017 8:17pm
Now of course the market makers love to play games with my own positions, but that's another story
Just kidding.
  • #477
  • Mar 22, 2017 11:48pm Mar 22, 2017 11:48pm
Quoting Mr Breakout
Long GBP/NZD 1.7725, 35 pip stop.
Out at same price.

GBP/NZD is going to touch 1.7700 before going up (it's an old trick), watch...
  • #478
  • Mar 22, 2017 11:52pm Mar 22, 2017 11:52pm
Short GBP/NZD 1.7725, 25 pip stop.
  • #479
  • Edited 12:14am Mar 23, 2017 12:01am | Edited 12:14am
Again watch the price action guys/gals, the GBP/NZD is going to touch 1.77 and THEN (around 3 AM or so EST) it will go up at least 55 pips (85 pip profit as far as I am concerned)...
  • #480
  • Edited 7:50pm Mar 23, 2017 12:22pm | Edited 7:50pm
Quoting Mr Breakout
Again watch the price action guys/gals, the GBP/NZD is going to touch 1.77 and THEN (around 3 AM or so EST) it will go up at least 55 pips...
And indeed it did happen that way: 1.7700 (1.7698 to be exact) was touched around 4 AM New York time and THEN GBP/NZD moved at least 55 pips to the upside (more than 100 pips actually).
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