FiveFootTraders Trading Journal - Volume as Forex Indicator

Trading Discussion Trade Journals
1

Dear Seniors,:cool:

I am going to share my trading journal with you. Hopefully I am going to have some comments from you, so I can learn to become a better trader. I am only trading USDJPY, USDCHF and EURUSD.

I am not an expert, I am just sharing. :8:

Thanks,
Fivefoottraders

2

Today (28/12/2015) I opened a few trades.:44:

[B]First Post:[/B]

Buy USDJPY 120.40, TP 120.45, SL 120.25.
Sell EUR/USD 1.0974, TP 1.0969, SL 1.0989

[U]The Result [/U]
EURUSD TP hit = +5pips
USD JPY TP hit = + 5 pips

[B]
Second Post [/B]

Buy USDJPY 120.53, TP 120.60, SL 120.33
Sell EURUSD 1.0987, SL 1.1005, TP 1.0980.

[U]The Result[/U]
EURUSD : TP got hit = +7pips
USDJPY : SL got hit = -20 pips ( Most probably because I opened it too close to the opening of the US market) — My bad

Thanks,
Fivefoottraders

3

The Reason for First Posts:

28122015 - EURUSD Morning Trade.jpg700×351 27.1 KB

EUR USD 15 Mins Chart
You can see that stoch level had been at the top and there is an increase in the volume. here is a possibility for down.

28122015 - USDJPY Morning Trade.jpg700×351 26.6 KB

USDJPY 15 Mins chart
Stoch is crawling up and there is an increase in the volume bar.

The Reason for Second Post :

28122015 - EURUSD Evening Trade.jpg700×351 20.2 KB

EURUSD 15 Mins chart
For EURUSD, the bar in the volume increases and the stoch is at the top.

28122015 - USDJPY Evening Trade.jpg700×351 19.6 KB

USDJPY 15 mins chart
For USDJPY, the bar in the volume increases and the stoch is at the bottom.

Thanks,
Fivefoottraders

4

[B]FFT Trading Journal - 29 December 2015
[/B]

Sell EURUSD at 1.0982, SL 1.0997, TP 1.0975

Thanks.

5

Hi,

Today I only have one trade.

The post :

Sell EURUSD at 1.0982, SL 1.0997, TP 1.0975

The Reason :

29122015 - EURUSD Evening Trade.jpg700×350 19.8 KB

EURUSD 15 mins chart

The stochastic is crawling back to the neutral zone, an indication of the bear movement. There is also an increase of bar volume to support the move.

The Result :

The TP got hit = +7 Pips.

Not good enough for the day, but it is okay.

Thanks,

Fivefoottraders

7

4 January 2016. Sell EURUSD at 1.0887, TP 1.0882, SL 1.0907. #Fivefoottraders

8

Hi,

Quite a bad trade starts my year :frowning:

I opened one trade today.

First Post at the afternoon :

Sell EURUSD at 1.0887, TP 1.0882, SL 1.0907.

eurusd-4-january-2016-afternoon1.jpg700×351 32 KB

I am using my Volume as Forex Indicator as my trading technique above.

I was quite happy because once i entered the position, the trade was going on my desired way. It was only 2 pips shy from my take profit (TP) before it hit My SL a few minutes later resulting to -20 pips loss.

Reason : It was probably because i made the entry just before the opening of the European Market.

Thanks for reading!

Fivefoottraders.