Todays trades - Please share your thoughts for a newbie

Trading Discussion
1

Hi traders,

Im a newbie and I have just started trading on a live account since Monday. I have had a veryy good first week so far. Please see my days trades and let me know if they are ok!

SELL GBP/JPY @ 150.951
Target - 149.90

BUY EUR/USD @1.30449
Target 1.3140

BUY GOLD @1,200
Target 1,230

Thanks

2

Long EU & Gold may be not a good idea. Still there is a no sign of a reversal.

Just retracements. Always learn to trade with the trend as a newbie.

3

Not a fan of the GBPJPY target. You’ll have to punch through the 150.00 level to hit that target. If price goes through such a major level like that; it’s probably going to go much farther. I think I would shorten that up to the other side of 150.00 or wait for price to go cleanly through the level before I shorted it.

4

Hi guys,

Thanks very much for your advise!

I closed my FX trades with small profit due to my HUGE position in GOLD. I smell very bad from a lot of sweat from todays action in GOLD.

Good for me, all GOLD BUY targets hit!! 1ST TGT 1215, 2nd 1230.

Beginners luck I guess.

A very good day… please add of $kype jordan.rolando

Thanks