Hi Team,
Decided to keep my own Trade Journal on the forums instead of keeping a paper (millions of sticky notes around my office) journal. I’ve been trading live for around 2 years, with a trading history (as at 07/09/2013) of 15% since inception. I did have a myfxjournal but since swapping from Windows to Mac i’m not able to successfully link it up. This will now serve as my digital journal.
Trading Type: Intra-Day Trading (or what can be considered buy-hold trading for some longer trades)
Indicators Used: Sto5,3,3 and Bollinger Bands
TimeFrames: 1 day, 4 hour
Currency Traded: AUDUSD/EURUSD/GBPUSD
Strategy: Mostly technical analysis. High news times are not favorable trading conditions.
In my journal I will explain in brief why I took the trade, how long I took the trade, entry/exit strategies and profit/loss in PIPs.
[B]NOTE:[/B] Any trades are taken at my own risk, are my own opinion, and it’s recommended you do not trade based on any general advice given.
I’ll kick the Journal off with a trade I just closed from last week.
Pair(s): AUDUSD
Type: SELL
Open: 0.95459
Date of Trade: 07/06/2013 3:41AM
Close: 0.94230
Date of Close: 10/06/2013 8:31AM
Profit Factor: [B]+122 PIPS[/B]
Condition(s) - Why Trade?
We all knew in the last month that the Aussie was very bearish. Running a few models I could see quite clearly that the AUD/USD was going to drive further despite the RBA keeping cash rates at 2.75%. Looking at the daily the aussie was comfortably within support levels at 9650 on Friday morning in a flat market, but breaking support by lunchtime and touching the 9550 mark triggering my entry order awaiting to ride a downtrend. Once support was broken the EUR/USD was soon following by smashing it’s resistance levels. I generally don’t trade in high news times, but knowing a US employment report was about to be released a day before market close, why not ride the trend? Target profit was approx 120 pips by Tuesday morning, which will be followed by a very volatile market. Models are indicating a trend change around Tuesday afternoon but a medium term low on the AUD at 9390. I have exited the trade now that TP has been met and stoch is indicating volatility.
You better check your dates and edit your post.
I haven’t set a trade for a couple of months, I’ve been too busy with work. The AUDUSD is favorable with the bulls.
Pair(s): AUDUSD
Type: BUY
Open: 0.90326
Date of Trade: 03/09/2013 1:20PM
Close: 0.91816 (Market close, trade is still active)
Date of Close: N/A ref forecast
Profit Factor: [B]+149 PIPS[/B] (to date)
Conditions, Why trade?
to be documented when trade is closed.
Looks like you’re closing out a few previous trades before you signed on here…looking forward to your realtime entries. I’ve found lots of guru’s but not many have realtime journals. for some reason that we’ll leave only to the imagination …you are a welcome relief!