36 pairs??? That’s a lot, macilme.
I have been trading for 10 years: I trade only mainly 3 pairs. When there is no trading ideas, I find the best opportunity from 7 more.
And it is a lot of work.
If there is no ideas, Scalp may helps.
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DAY 27 UPDATE (04-15-19)
Hey Journal…
And so Monday ends…
No of trades so far: 6
No of Active Trades : 3
No new trades today, things started of slow as it often happens on mondays. I did however place a limit order on for Dollar Yen at market open today:
levels are as seen on chart. that’ll be trade no 7 if it triggers (6 actually, if I ignore the accidental trade opened with a $2 loss at close ). We’ll see how this breakout trade works out. I’ll prefer to see green figures though hehe 
@Tom_Hoang, I suppose you might be right , just not in my case. Watching 30+ pairs is expected to get me 3 to 8 trades on average monthly, can you guess how many trades I’ll be hitting watching just 3 pairs?
So it’s all relative you see, that many pairs is going to be overwhelming for day traders but it’s best for me to have as many possible on my radar. As long as they’re tradeable.
Yeah that is a lot! But would be a real feat if you can make it work. 
It’s nice to see another female trader in here. I wish you success and unlimited amounts of persevarance and patience!
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At this particular point in your chart what indicators make you feel that the price will go up (breakout) and not down, as the level seems to be holding? Yes it has closed above the previous high point where price is at right now, but not the furthest high point. Or are you looking at it as an inverted head and shoulders?
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Price as seen on the chart has clearly closed above the horizontal level and stayed above it (green horizontal line). It may not look as obvious looking at it as the close above that line isn’t a huge one, but sentiment suggests further moves up. Does that mean that price will definitely go in my preferred direction? Nope. But I know it will over time generate more accurate directional bias than false ones. If I took twenty trades this way and 12 works out in my favor, then I’m well in the green.
I wouldn’t consider that a valid inverted H & S though as they are better taken form established downtrends and not this clear bullish left to right trends as seen on the chart.
On indicators I do not use any, except that I sometimes consider retail market sentiment when I’m taking these types of trades is all.
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lol… thanks buddy. Most of the information I base my trading on I got for free right here on Babypips. You can check out this old but gold thread on Forex_School_online if you have the time, you’ll understand what I try to replicate better then.
And no I’m not a girl haha 
, that’s my girlriend, her picture’s up here so it reminds me every waking day on why I gotta succeed with this lol.
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I would feel safer if I let price close above your buy stop order, then I would be able to put in an order to buy. As it stands right now, price may spike and trigger your order and then move downwards. However, I respect and understand your conclusion on the matter. (don’t forget I’m learning).
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Correct my friend, there’s no hard and fast rule on trading, as long as you know what you’re doing and how to measure it’s performance so you can make changes if it turns out as poor strategy and keep at it if it’s a good one. I’m not risk averse on trading breakouts that’s my way, you prefer playing breakouts safer and that’s your way… we could both do our thing and be profitable in the long run…it’s all about creating your own level of order within the randomness of the market. So good luck to us both my friend…
Might I ask though, are you on demo or live?
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I traded demo for over a year and discovered that 95% of trades on demo are successful as it lacked the psychological stress, so I changed over to Live with a tiny amount. This way I triple check my decisions and feel like my learning journey is actually moving in the right direction. Also when I make a mistake I definitely remember, not to mention that I’m very particular where I place my stop loss and whether a trade is worth it depending on how large a stop loss is required.
I agree, 36 pairs is way too many to focus on. all you really need is 3, 4 at the max honestly and just compound them
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DAY 29 UPDATE (04-17-19)
Hey Journal
So another day in in the markets…
No of Trades so far: 7
No of Active trades: 3
So what’s happened since the last time?
The short trade on EURAUD finally hit my stop, 2% loss that one.
I took the trade off of the BUEB to the left of the chart, it didn’t work out in the end. 
, hopefully the next engulfing bar trade I take returns something better.
next up…
USDJPY long
Price breaks out of resistance and has managed to barely stay above it the past day or so… I had a limit order triggered above the resistance, we’ll see how this one goes.
Hopefully at the end of the trading month I’ll be doing a review of the trades in the last 30+ days.
wish me luck guys
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Good luck!
And Happy Holiday.
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DAY 30 UPDATE (04-18-19)
Hey Journal
How’s the pip hunting going guys?
No of Trades so far: 7
No of Active Trades: 2
Profit Trades: 2
Losing Trades: 2
Break Even Trades: 1
So what’s happened since the last time?
USDCHF reached take profit and some:
I’m out fully on both positions opened at entry, even as price seems to keep surging on,
PS: two errors came out of this trade:
First, I opened only half position (split into two) Instead of a full 2% as strategy dictated, I set limit orders sometime later but price never retraced back to that level as you can see:
Second, unfortunately I couldn’t access the SSI reading needed to decide whether to close both positions or just one and leave the other running (Poor internet connection). I’m working on ways to prevent this in the future, gimme a spanking if that affects my trade another time.
What did those two issues cost my trading account? Well, only 3% equity gain, coming at a time when I’ve been hovering just above break even for the better part of three weeks.
This is another reason why demo trading exists, I get to make the mistakes here so i don’t make them playing with real money. It also shows why taking advantage of trading opportunities best as I can is damn important as you never know the ‘trade of the month’ before hand. This USDCHF trade would have set me up by a nice tentative 5% profit for the month.
So these rules have been added already to my evening routine (yep, evening routine comes first now, as it’s evening here on my end at New York close, why didn’t I think of that before? 
).
Alright, what other thing?
Ah yes, UJ is still playing around juuuusttttt above that former resistance level, little price movement but I’d say that level is confirmed as price has managed to stay in consolidation above it a three days in a row now, see below:
buy order on this pair is already active and we’re looking to see what happens now.
Finally, NZDUSD finally makes a confirmed breakdown today, candle hasn’t closed yet but it’s more or less almost certain to close below the level as seen below:
Coming off of that triple top I’d say I’m trusting that breakdwon even more, if it is in line with my breakout strategy I’ll be shorting this on New York close, hopefully we get to see it move further down netting some pips and then turning around for a retest of that level again, giving a convincing PA to go short.
Alright, that’s my story for the day, How’d trading go for you guys today too, would love to hear? 
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Maintaining trading journal can help any forex trader to maintain his trading performance and control his performance the way he is planning. Though there can be many divergences between reality and expectations, a trader however should try to work with specific planning. It is good to see that you are trying to evaluate your trading performance in specific manner.
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You`re welcome and yes, I also think such number of pairs is too much. 3 to max 5 may be is enough.
Hahaha! 
I also know how encouragement from other people helps you keep going! So I try to also share this with others. Let’s make this a productive week! 
DAY 34 UPDATE (04-22-19)
Hey Journal
Another beautiful week guys, I think I’m getting used to being here haha.
No of Trades so far: 7
No of Active Trades: 2
Profit Trades: 2
Losing Trades: 2
Break Even Trades: 1
So the holidays ensured that we say no spectacular movements in the market since late last week, hopefully the holidays made up for that for you guys (it did for me ).
So, anything new today?
Uh… no, well… yes if we count new entry orders I guess.
USDCHF Long
Remember about the USDCHF error we talked about the last time?, Turns out I shouldn’t have closed both positions afterall, I finally was able to access my SSI readings and it was just what I expected:
SSI was still in the trade’s favor, damn!. Ah well, I have taken measures to prevent this kind of stuff in the future so this is the last time it’s gonna hurt me.
Guess what though, another entry opportunity decides to show up on the same pair as its finally broken out of a pretty strong resistance level we were worried about on the last trade, this on is a go according to my strategy so I have limit orders above that breakout candle. I’ll update on how things progress on this one.
NZDUSD Short
No question about the breakdown on this one, quite an emphatic one it was, coming of the heels of negative news for the Kiwi last week price has now managed to strongly stay below the old support. Another go according to strategy here so limit orders set below the breakdown candle as well.
Both the US500 and USDJPY trade which are currently active have nothing spectacular to report, no SL’s or TP’s hit so we still watching those ones.
@momo3HC and @justshell, thanks for pointing out your concerns, I do agree with the fact that watching too many pairs could be a problem, but only if it turns out to be too much watching. To give you an idea of what I mean, I typically spend an hour a day watching all 30+ pairs and deciding whatever I’m trading (If I find anything fitting) for the day, it takes a full 24 hours to form the 36 new candles i need to look at on the daily timeframes, someone who trades the hourly would have to watch 36 x 24 = 864 new candles every day. It’s obvious which is unsustainable there.
@ria_rose thanks for keeping in touch as always, hopefully this turns out exactly as you mentioned.
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DAY 35 UPDATE (04-23-19)
Hey Journal
How’s the pip hunting going this morning 
(It’s 10:00 AM my time here).
No of Trades so far: 9
No of Active Trades: 4
Profit Trades: 2
Losing Trades: 2
Break Even Trades: 1
Yeah, that’s right, we got two brand new fresh outta the oven trades this morning to check out 
… Both USDCHF long and NZDUSD short got triggered this morning, no surprises there:
USDCHF
NZDUSD
That brings my total running trades to 9 Trades since the big bang (yep , where it all begins haha).
We’ll see how these two little babies turn out in the coming days.
Guess what else I found out, turns out my FXChoice demo account couldn’t trade USOIL 
, and to think I’ve been eyeing that one since like forever. Same way I couldn’t trade Gold or Silver, it hurts 
!
But you gotta take what you get right? It’s too late for me to go starting off on another demo now, we’ll just have to see where this ones get us.
Alright, that’s it for this morning guys, I’ll pop in if anything interesting comes up, otherwise…
I’ll see you on the other end tomorrow guys… have fun pipping
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DAY 36 UPDATE (04-24-19)
Hey Journal
Another trading day today (It’s 10:00 AM my time here).**
No of Trades so far: 9
No of Active Trades: 3
Profit Trades: 3
Losing Trades: 2
Break Even Trades: 1
Yas! I closed my second half of Trade no 2 from the 3rd April at TP2 a nice profit:
US500 closed at TP2
Initially I placed the limit order for the exit right at the resistance line, I however exited the trade manually as I felt there’s no telling what might happen right at the level, closing out the trade 5pips shy of target felt like the right thing to do rather than risking all the profits from 20+ days ago. I have updated my trading Journal to prevent this kind of limit orders at exit in the future by accounting for some pip difference from the exit levels.
My other open trades aren’t doing so bad:
USDJPY is still doing it’s thing right on that level as it had been doing for the past few days:
USDJPY
USDCHF managed to stay well above entry yesterday, will we see something different today?:
USDCHF
NZDUSD managed to do the same as it’s cousin:
NZDUSD
That’s it for yesterday’s candles journal, let’s see what they do today…
enjoy the rest of the markets today guys
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Nice updates. Keep it up.