Mrjtradefx - My Journal

mrjtradefx · October 14, 2015, 3:22am

Hi, I am an FX Trader and thought it would be good to use this journal for my live account and share some of my ideas through this fourm.

I will be posting often and will share my trading ideas which I hope you will find useful

I will post reasons for entries, Entry and Exits, What went good/bad and why and a weekly overview of my trading

Anyone is welcome to follow along and comment on anything they want to

Thanks

masrois46 · October 14, 2015, 10:25am

Good news,
i’l be following you threat sir.

mrjtradefx · October 15, 2015, 1:22pm

I am going to sell EURNZD and my aim is around 50 pips
Entry 1.65860, Stop Loss 1.68960 Target Profit 1.65388

mrjtradefx · October 15, 2015, 5:51pm

As you can see EURNZD hit Target Profit at around 22.44pm and collect 57pips on this specific trade

mrjtradefx · October 20, 2015, 5:24am

Selling EURCHF on the 4HR timeframe. Entry 1.08012, Stop Loss 1.08280, Target Profit 1.07510.
Stop Loss is either the price above or exit when price hits 20EMA line.
Trade is in a downtrend and look to go at least a further 50pips

mrjtradefx · October 20, 2015, 9:16am

Close - Stop reached: EURCHF trade closed as Stop Loss was hit, -29pips

mrjtradefx · October 22, 2015, 9:21am

Selling AUDNZD, 4HR timeframe. Entry 1.06391, TargetProfit 1.05870, StopLoss 1.07038 or exit when price hits 20EMA line. Trade is in trending down and should hit target of 50pips

mrjtradefx · October 23, 2015, 12:54am

Trade closed: target reached. Target Profit hit at 01.54am, 23/10/15 +52pips

mrjtradefx · October 24, 2015, 4:23am

Week Ending 24/10/2015 - Total trades 9, 1 Win and 6 losses. 2 trades currently still live. Pips made this week -314.

Geno88 · October 24, 2015, 6:16am

Hi Mrjtradefx, just curious on what’s your entry criteria?

mrjtradefx · October 28, 2015, 9:13am

Hi Geno88, my entry criteria consists of entering a trade during overbought and oversold levels using either RSI or StochRSI. This can only happen when the currency pair is trending which I use ADX to confirm this. Also a 200EMA to show that only trades that follow this should be taken

shall · October 30, 2015, 5:19am

What’s a good thread. We’ll have more and more good thing from you.

mrjtradefx · November 4, 2015, 1:19pm

Selling EURJPY, 4HR timeframe. Entry 131.890 TargetProfit 131.377 StopLoss 132.724 or exit when price hits 20EMA line. Trade is in a downtrend and look to go at least a further 50pips

mrjtradefx · November 5, 2015, 9:19am

Trade closed: stop reached. EURJPY trade closed as Stop Loss was hit, -83pips

mrjtradefx · November 5, 2015, 1:15pm

Selling EURUSD, 4HR timeframe. Entry 1.08660 TargetProfit 1.08180 StopLoss 1.09290 or exit when price hits 20EMA line. Aim is around 50pips

Tektolnes · November 5, 2015, 2:30pm

With NFP tomorrow E/U is more likely to range pretty tightly around it’s current position which could leave you being stuck right in the middle when the news is due out. Probably not the best position to put yourself in. Not saying this is definitely what will happen but if I was playing the odds that would be my thinking.

mrjtradefx · November 5, 2015, 2:50pm

Yes I see what you mean and you may well be right. However I think the trade may hit the 50pips as its not a large target.

Tektolnes · November 6, 2015, 8:48am

Well it was always going to come down to the NFP release and then you’d win or lose in a few seconds. That hefty beat in the NFP numbers went your way and then some.

mrjtradefx · November 6, 2015, 9:22am

Trade closed: target reached. Target Profit hit at 13.30pm, 06/11/15 +54pips

mrjtradefx · November 9, 2015, 1:19pm

Selling EURCHF, 4HR timeframe. Entry 1.07882 TargetProfit 1.0739 StopLoss 1.08080 or exit when price hits 20EMA line. Trade target is around 50pips