No. As I said earlier that I was so busy that’s why I couldn’t analyze the trades properly (before opening the London Session on my Laptop), rather I placed most of my orders via MT4 App on my Cell phone as and when I could get free time for it.
Here are the screenshots of my eight trades:
1- EURCAD (Buy at 1.52126 and SL at 1.53000 (trailed manually)
On the Daily TF, the price was trading below the Cloud which means Bearish Trend, but I took a trade in a Counter trend. I took Long position when the price has broken the Ichimoku Cloud and Daily Trendline on 1H Chart. My stop loss was hit within the Cloud area on 1H TF.
You may observe that there was a Kumo Twist and the Future Cloud (Kumo) on 1H TF was showing bearish momentum.
The SL was hit after the announcement of BOC representative (Wilkins).
2- USDCHF (Buy at 0.97500 and SL was 0.96800
I entered in this trade very very late that’s why I closed it after half an hour time.
3- GBPUSD (But at 1.28000 = SL was 1.28800 and TP was 1.2700
The pair of GBPUSD was trading below the Ichimoku Kumo (Cloud) as well as below the trendlines of Daily TF. So I took a Short Position.
The SL was hit after the news released on Bloomberg with regard to UK and Germany agreement, which was not correct one.
4 & 5- CADCHF (First Sell and then Buyl)
I entered the Short trade late after breaking of the Support area (yellow lines) on Daily chart. But after hitting the SL, I reentered for a Long trade in the same pair but booked profit much earlier on the same day. MISTAKE
6- EURCHF (Same Mistake - Early Exit)
The Price was trading above the Daily, 4H and 1H Ichimoku Cloud and it had also broken the previous swing high on 1H TF. Since the prices was moved much farther, that’s why, I placed a Long trade with a tight SL just below the support line (yellow color) with the 1 ATR buffer of 1H TF.
Here was a Kumo (Cloud) Breakout at Daily chart but I entered Long late, unless the price has moved above the Trendline as well.
Since it was the last day of the week (Friday), therefore,I was gradually trailing my stop loss manually at the last swing low either of 15M or 1H TF with an 1 ATR buffer, so it was hit at the price of 130.600.
In my opinion, the EURCAD and EURJPY trades was better than others.
From the account statement, I have observed a very important point which I didn’t realize and totally ignored it at the time of placing the orders. And that is the Swap fee (Carryover/Overnight trade charges) which I paid for four trades totalling of US$.15.21 against total Closed P/L of US$.18.87.
Next time, I have to be very careful for the Interest Rate differential while trading.
I would appreciate your input, analysis of viewpoint on my above comments and Trades’ charts.