I am a new @Babypipper and want to start my new Trading Journal. In the past I have written regular my journals offline to review my trades later and check if I change something.
After every trading day I will post my Expectation with a setup screen and the result of the executed setup.
I am to 99% a technical trader, but I will confess that there are certain times when even the my proven technical setups do not work as well as it should.
I don not use much indicators, just Pivots, Fibonaccis, Trendlines and SMA. - Keep it short and simple, I do not like overcomplicated Technical Systems.
I avoid trading during the news, even the best trading setup could break during the news.
The 1st Lot is a scalp, my scalp is everything from 6-10 pips, after this I will adjust the SL to breakeven, and the setup is done.
I have no obsession of trading the majors or even E/U and G/U, I trade many pairs from the majors to exotics.
Starting the journal at Monday 27th of May.
Thank you for your attention.
During the Bank Holiday in UK and US, the markets don not want to move. After the screening and identify around 15 technical setups, just one trade was executed, and what a nice daytrade!
Expected:
And TP hit with 66pips and 3 times bigger than the SL.
Setup based on H4, Fibonacci, TC and DailyR.
Hope tomorrow the markets bring the movement back.
Thank you for your attention.
Welcome! You should try use as many platforms and technology as you can on a testing account, you might learn something.
Banks in UK and US are open but still not much movement, maybe when NY, UK , CAD, and EUR all are open and US consumer confidence news is out.
So based on yesterday long setup @ Daily S1, recent lows and TC overnight the Cable long trade was executed.
Closed the trade during the morning screening and before London opening today with a profit ~25 pips.
Another new setup was screened, maybe after US Consumer Confidence with a new short option: 10day trendline, sma200, daily R2 and monthly S1 as a ressistance now.
Absolutely nice, like mentioned before, after consumer confidence news the movement is back.
The movement has executed another 2 setups from today.
First EURUSD long setup
Expected:
And now
Worked on the pip and got a 25 pips trade.
And the otherone, was a USDCHF short trade.
Expected:
And now:
Another nice 40 pips trade.
The planned overnight trade was executed after London opening. I expect much movement right after CAD news, let’s see if our setups will execute today.
UCHF Expected:
Setup based on previous ressistance, DailyR3, Fibonacci 38.2 (and sma200 on M15 Chart, not on screen) @ 0.969
And now 25 pips daytrade later:
First setup is executed hours before CAD news.
Expected:
very small timeframe R:R only 1:1 technical based on Fib 38.2, previous ressitance now as support and TC.
And now 20 pips later on M15 Chart:
First setup is executed hours before CAD news.
Expected:
very small timeframe R:R only 1:1 technical based on Fib 38.2, previous ressitance now as support and TC.
And now 20 pips later on M15 Chart:
Still 10 setups to go. We will if some will execute before or after the news.
Indeed, another setup is over, but missed by few pips.
GBPUSD Short on H4, based on 23.6 Fib, weekly pivot, previous ressistance and tc.
Exeption:
And now, 30 pips later:
Maybe it retracing from this level, and if not there is another possible rebounce bit ahead of this level.
New month same idea, trading what I see.
Today the weekly Cable Short was executed with nice profits.
Expected:
And ends up in +40 pips profit:
