My Real Time Trading Log

Trading Discussion
1

hey everybody :slight_smile:

markets just about to open for the week and i’ve finally decided to start a trading log/journal in the hopes of

A. helping me with my personal record keeping and statistics

B. providing members of the babypips community the opportunity to take trades along side me and hopefully make great weekly profits :slight_smile:

i will be posting all my trades as i take them, including stops and take profits

i will also post up and coming trade ideas

most trades will be intraday

trades will last anything from a few minutes to a few days

this thread is open to constructive criticism

i trade purely price action so there will not be much detailed technical analysis however i will outline my thought process for that particular trade

feel free to check out some of my other threads in the newbie island section for a better understanding of how i trade

i trade various pairs however i will mostly be trading the eur/usd, gbp/usd and usd/jpy

you will also notice im in the next trade very soon after the last, their are umpteen opportunities in forex and although overtrading can very much burn you so can undertrading

lets start! :stuck_out_tongue:

lee :slight_smile:

[B][U]Open Trades:[/U][/B]

[I] USD/JPY long @ 95.61 [/I]

[B][U]Closed Trades:[/U][/B]

[I]EUR/USD - 51 pips

USD/JPY + 136 pips

EUR/USD - 38 pips

EUR/GBP + 42 pips

USD/JPY + 40 pips
[/I]

[B][U] Weekly Reults [/U][/B]

[I] 10/08/2009 + 129 pips [/I]

[B][U]Overall Results[/U][/B]

[I] + 129 pips [/I]

2

mmm a long on the gbp/usd looks very appealing just above 1.6600

will wait for a further downwards move before entering

basis for trade:

61.8 fib level around 1.6615

1.66 round number offers extra support

further support around 1.6585

stop most likely set around 1.6570ish…

take profit decided later on as trade develops

now just sit tight and wait for entry :stuck_out_tongue:

3

Eur/Usd

looking to go long

61.8 fib level around 1.4175

developing inside bar on 1H, low liquidity and volativity so will most likely complete

support zone around 1.4160

stop progressively moved on other side of trendline drawn from 8th - 29th of july

take profit will be decided later dependant on development

waiting for liquidity to pick up so i can get a better entry and spread as i use oanda

4

time: 02:15 Am london time

just entered EUR/USD long at 1.4191

stop placed at 1.4140

take profit will be decided later as trade develops

5

I’m long as well. Got in about 60 pips after your entry as my set up was different than yours. I’m rolling with price action as well. That huge bear candle hit support. Validated with two inside bars on the 4HR chart, with the second one looking bullish.

6

We’ll ride this one out together then eh master :stuck_out_tongue:

Last week I managed to ride it on the way down for about 180 pips :slight_smile:

7

I’m LONG with you guys too, slightly different position though!

Here’s my chart -

My trade is as follows:

12/08/09 21:46:42 [B] EUR/USD.fx 1.4144 Working
12/08/09 21:46:42 [S] EUR/USD.fx 1.4194 Contingent
12/08/09 21:46:42 [S] EUR/USD.fx 1.4126 Contingent

8

hehe :stuck_out_tongue:

anyone else wanna jump on? :slight_smile:

9

I think you might have been a little hastey with that (market?) order, unless we make some headway to ~1.4270 which is possible.

Obviously I’ve not been filled as yet.

10

first trade closed with a loss of 51 pips :stuck_out_tongue:

11

second trade taken

usd/jpy shorted at 97.36

stop loss 97.80

take profit yet to be decided

:slight_smile:

12

I’ll take a look at that JPY trade, I just got stopped out (20 pips) on EUR/USD - you win some, you lose some!

13

very true bleek :slight_smile:

had a great week last week and now this week…well havent had the best start lol but im sure it’ll get better :stuck_out_tongue:

14

on the 1H chart usd/jpy there is a three falling methods candlestick pattern forming inside a possible master candle, next hourly candle to break 96.9 and we should see a steep fall in this pair :slight_smile:

so far trade is in 30+ pips profit

15

How are you feeling about the EUR/USD today?

I’ve executed the same trade as yesterday but using my fall back level or 1.4132, going long in to resistance, it’s working thus far.

I noticed yesterday afternoon GMT we touched and bounced off a previously traded number - 1.4105.

16

yes it bounced off a trendline i had drawn from 8th of july’s bottom to 29th july’s bottom, was tempted to go long again but decided to just stick with my usd/jpy trade for the time being which is going pretty well, 60+ pips on it at the moment :slight_smile:

also as i am using oanda, so the pip value for usd/jpy is more than the pip value for eur/usd for the same % of units used, so although im only like 12 pips in overall profit for the week it is actually a fair amount lol :stuck_out_tongue:

looking to ride the usd/jpy down to about 96.00, hopefully we should see a break to the downside during the new york overlap :slight_smile:

17

I have to admit I pretty much only trade EUR/USD, however the current position is at no-mans land sanwiched in the middle of a conflict - if close up today it would be safer to say that trend line (that I also have on my chart) is back in control.

I should really take a look at some of the JPY pairs, they sound like good movers. :slight_smile:

18

the three main pairs i trade are eur/usd, gbp/usd and usd/jpy :slight_smile:

have started taking a look at the eur/gbp,eur/jpy and gbp/jpy this week though, may consider trading them soon

19

we are nearing our take profit at 96.00 for 136pips :slight_smile:

20

usd/jpy has hit its target of 96.00 and closed with a gain of 136 pips :slight_smile:

bringing this weeks total to + 85pips :stuck_out_tongue: