This will be my new trade journal. I have decided to discontinue Trade Journal # 2 due to its lack of data. I will be attempting to emulate my performance from the last 100 trades which tripled my account from late September to late December. I will also be following up on whatever data I can gather from my Trade Journal#2. Have a great trading week, fellas!
Short position GBP/JPY @ 179.110 | SL @ 179.40 | TP @ 178.65 | Leverage 12:1
Reason/s for taking the trade: trend continuation w/c is bearish since last week. Reasonable to assume 2:1 reward/risk ratio.
UPDATE: Closed positions manually for -38 pips. On the 1-hour chart, last bar was a big bear candlestick, but it was followed by a good sized bull candlestick, w/c imo indicates bear momentum failure.
Long position GBP/JPY @ 179.54 | SL @ 179.15 | TP @ 180.25 | Leverage 12:1 | RR 1.8
Reason/s for taking trade: After 1-hour bear candlestick failed, entered bull candlestick following it as a failed failure is less likely.
UPDATE: Hit SL at BE overnight. -1 pip for this trade due to slippage.
Short position GBP/JPY @ 178.74 | SL close above 179.15 | TP 178.05 | Leverage 12:1 |RR 1.8
Reason/s for taking the trade: betting on trend continuation and break below last swing low point. good sized bear candlesticks on the 1-hour chart.
UPDATE:Closed all positions manually early this morning for +140 pips.
Short position GBP/JPY @ 179.14 | SL @ close above 179.45 | TP @ 177.75 | Leverage 12:1 | RR 4
Reason/s for taking trade: Saw a good spot to re-enter the bear trend. Will see what happens.
UPDATE: Closed positions manually for -99 pips. volatility on the 1-hour charts was too much.
Long position GBP/JPY @ average price of 179.95 | SL 15-20 pips | TP 40-50 pips | Leverage 12:1 | RR 2
Reason/s for taking trade: Short-term i see price ranging around 180.00 to 181.00 level. Long-term though, i find price action to still be in a bearish trend.
UPDATE: Closed all trades for average of -110 pips. Disgusting.
Short position GBP/JPY @ average price of 178.90 | SL 30 pips | TP 80-100 pips | Leverage 12:1 | RR 3
Reason/s for taking trade: I was expecting price to cover the long tail of the bullish candlestick yesterday on the 1-hour chart that pierced through 181.00. After 2 attempts, it failed to do so, hence signalling me to take a try for a short position.
UPDATE: All positions closed for +67 pips. Price just made a sharp drop. Imo it will unlikely be able to pierce another 00 level at least for today. I will be treating it as a ranging market.
Long GBP/JPY @ 178.09 | SL @ 177.85 | TP @ 179.00 | Leverage 12:1 | RR 4
Reason/s for taking trade: I see a possible bounce off the 178.00 area as price reaches daily range and a possible inverted h&s formation. There is also a pinbar formed a week ago that could offer support.
UPDATE:Closed early morning for +48 pips. Darn it! Should not have intervened. Had no confidence it would reach 179.00. Must be more confident next time.
Short GBP/JPY @ 179.50 | SL @ 179.85 | TP 179.15 | Leverage 12:1 | RR 1
Reason/s for taking trade:None. was so pissed about the missed gains on the last trade. I took trade when i saw it hovering around a resistance area. but that was it.
UPDATE:Closed manually for -30 pips. Should have closed it when all other traders were closing their long positions during London close.
Long GBP/JPY @ 179.83 | SL 15-20 pips | TP 30-40 pips | Leverage 15:1 | RR 2
Reason/s for taking trade: Scalping up to the 180.10s area. Last 1-hour candlestick close was strong.
UPDATE: Another crappy week. I left my positions open at -33 pips. Will see what happens over the weekend.
UPDATE:Closed positions for -70 pips. Seeing a triangle forming.
Long GBP/JPY @ 179.09 | SL @ 178.65 | TP @ 179.75 | Leverage 15 | RR 1.3
Reason/s for taking trade: Higher lows seen on 1-hour chart; nearest key resistance area leaves room for a good profit target vs risk. If price pierces below 179 again, will signal me to exit.
UPDATE: -93
Long GBP/JPY @ 177.34 | SL @ 177.05 | TP @ 178.15
[B]UPDATE:[/B] closed at 178.10 for +74 pips.
Heading in the right direction, good luck
Thanks Eddieb! Best of luck to you as well.
Short GBP/JPY @ 177.93 | SL @ 178.25 | TP @ 177.15
[B]UPDATE:[/B] closed @ 177.16 for +75 pips.
Long GBP/JPY @ 178.10 | SL 177.75 | TP 178.90
[B]UPDATE:[/B] closed @ 177.65 for -47 pips.
Short GBP/JPY @ 177.65 | SL 178.20 | TP none
[B]UPDATE:[/B] -59 pips. bad sl placement
Short GBP/JPY @ 177.38 | SL 177.55 | TP none
[B]UPDATE:[/B] Closed for +5 pips. Missed opportunity to close @ 176.80 because of distractions.
Long GBP/JPY @ 177.35 | SL 177.10 | TP 177.75
[B]UPDATE:[/B] closed @ 177.490 for +14 pips. Did not manage properly. could have exited many times for +60