Starting my Forex trade journal is one of my 2014 goals. And to make it a consistent effort and be accountable for, I believe posting it in BabyPips will be the best logical choice.
I will be doing it from my smartphone - from placing trades, editing screenshots to posting up my trades. I trade mainly based on price action pattern.
I will post up all my trades - winning and losing, and love your constructive sharing and comments for the benefits of all viewers and BabyPips community.
Cheers,
Joseph (Singapore)
I set the SL too tight at right below the low of pin bar. Allowing some more margin would save the trade.
I accepted the result and made it a reminder to myself for all future setups.
This is a profit by luck, I was not aware it was actually trending down…
This is very much a deserving loss… Out of greed, I saw the 1st bearish pin bar which later rebounded and entered the sell trade - ignoring the 2 obvious bearish pin bars which formed after the 1st pin bar.
While I may not trade pin bars which are against the obvious trend, I should be more cautious and regard them as signs to invalid the earlier potential setup.
Note: this trade is manually closed to lock in the profit. The price was getting close to the preset TP, but I’m already happy with the rewards ratio.
