Objective of this EUR/USD LIVE Trading Journal
The focus of this THREAD is to share my daily live Forex online trading trades here. All contents are my LIVE Forex trades’ journaland analysis that I would like to share with the world so that we will not make the same mistake that I have made and learn fromour profit trades.
Here is the First installment.
+58Pips EUR/USD 20 Oct 2011 Monday Trade.
+109 Pips EUR/USD 27 Oct 2011 Thur Trade
+23 Pips EUR/USD 31 Oct 2011 Mon Trade
+95 Pips EUR/USD 01 Nov 2011 Tue Trade
+24 and +22 Pips EUR/USD 01 Nov 2011 Tue Trade
-4 Pips EUR/USD 02 Nov 2011 Wed Trade
[B][U]Why This Forex Trade? +152 Pips EUR/USD 03 Nov 2011 Thur Trade. Forex Trading Analysis Sharing.[/U][/B]
[B][U]03Nov 2011 [/U][/B]
[B][U]WHY THIS Forex Trade?[/U][/B]
A) Analysis:
- Forex Technical Analysis
a) Key Level(Hourly Chart) @1.3825 (Previous day high)
b) Bearish Engulfing Candlestick Chart Pattern
c) Pivot Point Indicator @ Resistance Level 1
- Forex Fundamental Analysis:
a) European central bank interest rate cut.
Details:
FRANKFURT | Thu Nov 3, 2011 9:10pm SSG
(Reuters Currency News) - The European Central Bank cut interest rates by a quarter point to 1.25 percent in a surprise move Thursday, acting boldly to support the ailing euro zone economy at President Mario Draghi’s first policy meeting in charge.
B) Forex Trade Position Management
- Trade 1
a) Sell Market @1.37795 @8:47:13 PM @3-Nov2011 Thu
b) Profit Target 1 @1.3729 @8:52:36 PM +50Pips
c) Profit Target 2 @1.3777 @8:57:59 PM +2Pips (Stopped Out but prior profit protected)
- Trade 2
a) Sell Market @1.37696 @9:00:30PM @3-Nov2011 Thu
b) Profit Target 1 @1.3719 @9:47:14PM +50Pips
c) Profit Target 2 @1.3718 @10:25:53 PM +50Pips (Stopped Out but profit protected)
08 Nov 2011
Forex Market Analysis (Forex Technical Analysis and Forex Fundamental Analysis)
-
Forex Technical Analysis.
a) Monthly - Bullish Pennant +ve
b) Daily - Evening Star Candlestick Chart Pattern with Key Support @1.3700 the figure +/-
c) Hourly – Bearish Pennant -ve
-
Forex Fundamental Analysis:
a) No major US event today
[B][U]WHY THIS FOREX TRADE loses? -22 Pips EUR/USD 08-09 Nov 2011 Tue Trade. Forex Trading Analysis Sharing.[/U][/B]
09 Nov 2011
WHY THIS FOREX TRADE Wins?
How I trade? Forex Trade Setup Explained.
A) Analysis:
- Forex Technical Analysis
a) Key Level (Hourly Chart) @1.38593(Resistance) and @1.34931(Support)
b) Breakout pattern
c) Inverted Hammer Candlestick Chart Pattern
- Forex Fundamental Analysis:
a) GLOBAL MARKETS-Italian yields over 7 percent, stocks, euro sink
Details:
LONDON | Wed Nov 9, 2011 5:26am EST
(Reuters Currency News)
Yields on Italian bonds shot to crisis levels above 7 percent on Wednesday and European stocks sank as a short-lived rally on Italian Prime Minister Silvio Berlusconi’s pledge to resign evaporated.
B) Forex Trade Position Management
- Trade 1
a) Sell Market @1.36543 @8:58:30 PM @9-Nov2011 Wed
b) Profit Target1 @1.3581 @10:39:16 PM +73Pips
c) Profit Target2 @1.359 @11:16:04 PM +64Pips
- Trade 2
a) Sell Market @1.35713 @11:20:49 PM @9-Nov2011 Wed
b) Profit Target1 @1.3531 @3:24:58 AM @10-Nov2011 Thu +40Pips
c) Profit Target2 @1.349 @3:11:18 PM @10-Nov2011 Thu +81Pips
Hi InvTraKS,
Nice trades. But what is the purpose of this thread?
Regards
Hi Pandras82,
Good question. We have just added the objective in the first thread. I have added here also for our convenience.
Objective of this EUR/USD LIVE Trade Journal
The focus of this THREAD is to share my daily live Forex online trading trades here. All contents are my LIVE Forex trades’ journaland analysis that I would like to share with the world so that we will not make the same mistake that I have made and learn fromour profit trades.
Read more: 301 Moved Permanently
[B][U]09 Nov 2011[/U][/B]
[B]WHY THIS FOREX TRADE Wins? [/B]
[B]How I trade? Forex Trade Setup Explained.[/B]
[B]A) Analysis:[/B]
- Forex Technical Analysis
a) Key Level (Hourly Chart) @1.38593(Resistance) and @1.34931(Support)
b) Breakout pattern
c) Inverted Hammer Candlestick Chart Pattern
- Forex Fundamental Analysis:
a) GLOBAL MARKETS-Italian yields over 7 percent, stocks, euro sink
Details:
LONDON | Wed Nov 9, 2011 5:26am EST
(Reuters Currency News)
Yields on Italian bonds shot to crisis levels above 7 percent on Wednesday and European stocks sank as a short-lived rally on Italian Prime Minister Silvio Berlusconi’s pledge to resign evaporated.
[B]B) Forex Trade Position Managemen[/B]t
- Trade 1
a) Sell Market @1.36543 @8:58:30 PM @9-Nov2011 Wed
b) Profit Target1 @1.3581 @10:39:16 PM +73Pips
c) Profit Target2 @1.359 @11:16:04 PM +64Pips
- Trade 2
a) Sell Market @1.35713 @11:20:49 PM @9-Nov2011 Wed
b) Profit Target1 @1.3531 @3:24:58 AM @10-Nov2011 Thu +40Pips
c) Profit Target2 @1.349 @3:11:18 PM @10-Nov2011 Thu +81Pips
[B][U]04-15 Nov 2011 [/U][/B]
[B]WHY THIS FOREX TRADE wins? [/B]
[B]How I trade? Forex Trade Setup Explained.[/B]
[B]A) Forex Trading Analysis:[/B]
[U]1) Forex Technical Analysis[/U]
a) Key Level (Hourly Chart) @1.3680(Support turns Resistance) and @1.3600(Support)
b) Breakout pattern
c) Sell on Retracement
[U] 2) Forex Fundamental Analysis:[/U]
a) Italy Sells Bonds; Yield Hits New Euro Lifetime High
Details:
Monday, 14 Nov 2011 | 5:17 PM SST
(CNBC and Reuters Currency News)
[B]B) Forex Trade Position Management[/B]
1) Trade 1
a) Sell Market @1.37069 @6:35:34 PM @14-Nov2011 Mon
b) Profit Target1 @1.3685 @7:03:52 PM +21Pips
c) Profit Target2-Buy Market @1.36065 @1:39:38 AM @15-Nov2011 Tue +100Pips
2) Trade 2
a) Buy Market @1.36065 @1:39:38 AM @15-Nov2011 Tue
b) Profit Target1 @1.3628 @2:15:38 AM +20Pips
[B][U]16 Nov 2011 [/U][/B]
[B]WHY THIS FOREX TRADE loses? [/B]
[B]How I trade? Forex Trade Setup Explained.[/B]
[B]A) Forex Trading Analysis:[/B]
- Forex Technical Analysis
a) Bearish Trend Continuation
b) Sell on Retracement
- Forex Fundamental Analysis:
a) N.A
[B]B) Forex Trade Position Management[/B]
- Trade 1
a) Sell Market @1.34766 @4:15:38 PM @16-Nov2011 Wed
b) Stopped out @1.3518 @4:41:25 PM -40Pips
[B]C) WHY THIS FOREX TRADE loses?[/B]
Reasons:
- Unexpected news
Euro cuts losses vs dollar on short squeeze
Reuters LONDON | Wed Nov 16, 2011 3:56am EST(4:56pm SST)
Nov 16 (Reuters) - The euro turned positive on the day against the dollar in the European session on Wednesday as investors who had built bearish bets on the common currency were forced to buy it back.
18 Nov 2011
WHY THIS FOREX TRADE wins?
How I trade? Forex Trade Setup Explained.
A) Forex Trading Analysis:
- Forex Technical Analysis
a) Key Level (Hourly Chart) @1.3540(Resistance)
b) Three failed rejection at the Key Level. Inverted hammer like Candlestick Chart Pattern
- Forex Fundamental Analysis:
a) N.A
B) Forex Trade Position Management
a) Sell Market @1.35031 @12:21:25 AM @ 18-Nov2011 Fri
b) Profit Target 1 @1.3473 @1:34:05 AM +30Pips
c) Stopped out @1.3487 @10:19:52 AM +16Pips
invtraks.com
