Trade Journal - Opportunities and Misses

Trading Discussion Trade Journals
1

Hey everyone, first post here. I’m just a newbie trader so i guess it’s good for me to start a journal for reflections. I mainly do swing trades but occasionally i enter into news trading as well. I’m more of a technical trader but i do take fundamentals into consideration as well.

Key events today:

  1. US Existing Home sales 10pm (based on GMT +8) : Not doing news trading on this, not foreseeing alot of movement.

Trades entered:

  1. USDCAD 2015/06/18 18:01:53 : buy @ 1.21975 / SL 1.21661 / TP 1.2247

USDCAD Overall Fibo.jpg700×316 33.2 KB


USDCAD H1 entry breakdown.jpg700×316 28.9 KB

Reason for entry: It was going downwards but i figure that there might be a retracement pullback somewhere along that region. H1 chart provided a setup.
What could have been done better: Should’ve taken partial at R1, remainder at R2

  1. USDJPY 2015/06/18 17:35:48 : buy @ 122.982 / SL 122.36 / TP 123.52 TP2 124.16

USDJPY Overall Fibo.jpg700×316 34.6 KB


USDJPY H1.jpg700×316 29.7 KB

Reason for entry: Support zone 50% Fibo retracement, personally i still feel that JPY isn’t strong fundamentally. H1 chart provided a setup

2
  1. NZDUSD 2015/06/18 17:35:20 : sell @ 6937 / SL 6987 / TP 6887 TP2 6848

NZDUSD FR 23.6.jpg700×316 33 KB


NZDUSD h1.jpg700×316 36.5 KB

Reasons for entry: Fundamentally the kiwi seems weak enough. Technically, theres a setup at the 23.6 FR in the h1 chart. Furthermore, it is in a strong downtrend. Will be looking forward to a break in support.

3

EURGBP 2015/06/23 12:11:30 : sell @ 0.71334 / SL 6987 / TP 6887 TP2 6848

eurgbp-h4.jpg700×243 28.3 KB


eurgbp-h1.jpg700×316 32.1 KB

Reasons for entry: Downtrend in h4, h1 chart showed continuation signal. H4 MACD cross-over

4
  1. Did a manual closure of EURGBP @ 0.7108 (Breakeven trade) }| Felt that bull candle was too strong and H1 MACD was to my disadvantage. Right now, 0.7087 seems to be holding out as a support zone for rebound.

eurgbp-h1.jpg700×244 30.3 KB

  1. USDCAD 2015/06/23 20:48:06 : sell @ 1.23349 / SL 1.23899 / TP 1.22422

usdcad-h4.jpg700×244 18.4 KB


usdcad-h1.jpg700×244 27.5 KB

Reason for entry: Resistance zone @ FR 50% with h1 setup. Macd looked fine as well.

**Shifted SL to entry before GDP announcement, trade was closed at breakeven.

  1. USDCHF 2015/06/23 20:53:41 : sell @ 0.93473 / SL 0.93920 / TP 0.92705

usdchf-h4.jpg700×316 38.4 KB


usdchf-h1.jpg700×244 33.1 KB

Reason for entry: Resistance zone @ FR 50% w H1 setup. Macd was fine as well.

**Shifted SL to entry before GDP announcement, trade was closed at breakeven.

  1. Previous trades of NZDUSD and USDJPY both closed at my TP levels