I’m doing the same!!
KC
I’m doing the same!!
KC
This always helps for so many reasons.
There are quite a few amateurs who can’t work out how a £10K account has so much free margin - its because smaller is better, smaller keeps you in the trade, smaller means you can live to fight another day.
this is something I have learned the hard way but have found it to be 100% true.
KC
Encouragement from other beginners is fine, we’re all here to learn. But some of the stick you’ve been getting @The_Baller seems a little on the strong side to me… That said you don’t seem the type to let it get to you anyway which is good. I just put it down to their pizza being a bit on the small side, if you know what I mean
Thanks though - us newbies find your thread inspiring; fingers crossed next week for more green numbers on my account like your screen grabs!
Currency Pair: EUR/NZD
Long/Short: SHORT (Entry order at 1.70665)
Pips Gained/Lost:
Trade 1: +26
Trade 2: +26
Comments:
Bunch of bearish pin bars in the recent range resistance zone got me thinking this is due to head downwards. Nice and simple, let’s see…
Currency Pair: EUR/JPY
Long/Short: LONG (Entry order at 121.020)
Pips Gained/Lost:
Trade 1: +49 pips
Trade 2: +43 pips
Comments:
Whilst there is no price action confluence here, I’ve hedged with an entry order at 121.020 based on the lower bound trend line meeting very roughly the psychological 120.900 level. I could have this wrong TBH as JPY is still strong and EURO has high impact news due which I tend to avoid. Hence the entry order confirmation.
Currency Pair: USD/CHF
Long/Short: LONG (Entry order at 1.00100)
Pips Gained/Lost:
Trade 1: -75
Trade 2: -75
Comments:
Seemed like a cool entry number. Just kidding.
I believe this is known as a rising wedge; in any case the lower trend line resistance and the confluence at the 1.00000 level makes me feel like even if I’m wrong, I’ll let myself off this one…
No candle signal for the reversal though so the entry order is there in case I’m full of $hit.
Cheers.
Entry triggered but I suffered for that missing PA candle. Note to self, SR is not enough on it’s own…
Currency Pair: NZD/CHF
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -13
Trade 2: -13
Comments:
I’ve gone with a bearish pin candle trend bound.
NZD is strong lately so I’m not expecting much from this.
Currency Pair: EUR/NZD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +26.8
Trade 2: +26.8
Comments:
Some resistance and pin candles make me think this had legs to go down, it has and now I’m hoping the little retrace visible on the chart packs it in and carries on trending down…
Currency Pair: EUR/USD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -27
Trade 2: -27
Comments:
This was also a downtrend but the bull candle today looks ripe for a correction.
EDIT - I f-ing hate the EUR/USD
Currency Pair: EUR/USD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -41
Trade 2: -41
Comments: Repeat from above trade - hopefully it bl00dy works this time…
EDIT: Nah…
I really hate EUR/USD
Currency Pair: AUD/CAD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +50
Trade 2: +110
Comments:
Drew some fancy chart art like I know what I’m doing… AUD is weak, hoping for more movement down.
Currency Pair: USD/CAD
Long/Short: LONG
Pips Gained/Lost:
Trade 1: -100
Trade 2: -100
Comments: Waited for a buy signal on this upward trend.
EDIT: Non farm payroll stiched me here - lesson learned - stay away from high risk news
Currency Pair: CAD/CHF
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -80
Comments: Downtrend, hoping to trade a retracement.
Currency Pair: EUR/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +50 pips
Trade 2: +62 pips
Comments: Using Kijun Sen as a baseline crossover…
Currency Pair: NZD/CAD
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +31
Trade 2: +31
Comments: Looking to join the downtrend following a brief retracement…
EDIT - manual exit - should’ve stayed in…
Currency Pair: CAD/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -10
Trade 2: -10
Comments: Kijun-sen crossover…
EDIT: Exited this manually but shouldn’t have - its since turned in my favour. Lesson - have faith in the system.
Currency Pair: CAD/CHF
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: +46 pips (TP)
Trade 2: +62
Comments: Trading a retracement on the downtrend. Saw price enter the previous recent resistance ZONE, waited for H1 or H4 to show a candle sell signal.
Currency Pair: CHF/JPY
Long/Short: SHORT
Pips Gained/Lost:
Trade 1: -70 (SL)
Trade 2: -70 (SL)
Comments: