My Trading Log

[MattW2009]

I'm thinking short term strength in the AUD?

Pin bar on GBPs

[MattW2009]

Originally Posted by MattW2009

I'm thinking short term strength in the AUD?

Pin bar on GBPs

I've decided to order some cable as its a bounce off the 150SMA. First TP a short 50 at which I'll move to BE as I'm a little unsure of myself on these atm.

Leaving GBP/JPY as that seems more Bearish and the PPZ it's sitting on has been broken a lot so I have no confidence in it atm.

[o990l6mh]

Originally Posted by MattW2009

I've decided to order some cable as its a bounce off the 150SMA. First TP a short 50 at which I'll move to BE as I'm a little unsure of myself on these atm.

Leaving GBP/JPY as that seems more Bearish and the PPZ it's sitting on has been broken a lot so I have no confidence in it atm.

Congratulations on your Cable trade. Good work!

[MattW2009]

Originally Posted by o990l6mh

Congratulations on your Cable trade. Good work!

Cheers Magnus! I booked the early partial profit and moved to BE but I'm not sure whether to target 1.6600 or aim for 1R at 1.6700. What do think?

[o990l6mh]

That's a difficult one. Two possibilities:

The conservative approach I guess would be taking profit around the previous swing high around or just below 1.66.

The other option might be to start trailing your stop and see how far the trade will take you. Looking at the 1H chart 1.6495 might be an option, just below the last retrace.

Or non of the above.

Your choice.

[o990l6mh]

I seriously considered closing my short NZDJPY yesterday due to the look of the daily candle. It's a counter trend trade and if I had traded a normal risk I would have gotten out with a small loss.

As it is I've decided to hold. Not adding any new trades before NFP.

On a side note I took the Swine flu vaccine today and my left arm hurts a bit. I think it's worth it though.

[MattW2009]

Originally Posted by o990l6mh

That's a difficult one. Two possibilities:

The conservative approach I guess would be taking profit around the previous swing high around or just below 1.66.

The other option might be to start trailing your stop and see how far the trade will take you. Looking at the 1H chart 1.6495 might be an option, just below the last retrace.

Or non of the above.

Your choice.

I'm taking your suggestion to move stop to below 1.6495. No-one on FF seemed inclined to comment! Probably too busy bragging about what trades they'd taken...

[MattW2009]

Taking the AUD/CAD pin, again with 2 lots one closing at +60, the other going for 136 (1R to resistance)

[o990l6mh]

Originally Posted by MattW2009

I'm taking your suggestion to move stop to below 1.6495. No-one on FF seemed inclined to comment! Probably too busy bragging about what trades they'd taken...

I guess you got stopped out, but with a profit and that's what counts.

I don't post much over at that thread. It moves very fast and it takes too much time to stay updated. When you find a setup though it's nice to go over there to find them discussing the same setup