Trading journal of a discretionary newbie trader

About that news you mentioned, I see now what you mean lol

Good trading you are racking the pips! Keep it up! “300” is a stone’s throw away.

Closed at 98.03 +44 pips

Total: 302 pips!

Made a mistake and I didn’t set double order. The single order just closed my original short position. Not position open at the moment!

Would have been already 10 pips! Now I will look to go short again.

Short USD/JPY position at 98.09

Is the party over?

Let’s put a SL at 98.20

SL moved at 98.25

It doesn’t seem a great moment for the bear and I am not willing to lose lot of pips. I should maybe close it right away. The problem is I don’t like lose. Not even 1 pips. Most of the time I wait and hope to break even and instead to lose 5-10 pips I end up losing 20-40 pips.

This is a bad habit I need to improve!

Closed at break even.

trading 100 pips lower party on:50:

Missed an entry at 97.25 because of fear. The market seems to keep going up without any real retracement. However I am not sure if this upmove can keep going for long.

Not sure about anything at the moment. Better stay out of the market!

On my journal you wished this pair would go back to 99 to short it. What about 98? Will you short it there? 98 is about 50% retrace from high 99 to low 97.

I guess I said 98 or at least I meant that. I am looking for opportunities to short it. Don’t think it is going back to 98 yet. Let’s see what will happen when the Americans will come online!

Short USD/JPY at 97.39

Hopefully it is not too early. Seems like traders are confident buying the dollar today so far!

I am on the wrong side of the market unable to cut it short! And the pair it is so soft today. Come on man put a SL somewhere!!!

SL 97.60

Twice I missed a long trade on this pair and I ended up taking a very bad short trade on a day where the sentiment is USD positive. I removed my stop. It is looking very bad and I am unable to close this trade and book a lost that is getting bigger and bigger.

Let’s wait the news in 30 minutes and let’s see what will happen. Hopefully I won’t lose all the last 4 weeks profits!

Short position GBP/USD at 1.5503

Not even the bad news! Today the dollar is the king again!

No one wants to keep selling low price; they wait like tiger to pounce higher on weak longs. :16:

This bounce has been anticipated…and discounted.

Hope risk-off trading will come on the market shortly or I will be in trouble.

Hope also you will make some pips with your last trade! It seems like today you are nailing it!

Scalped 2 pips with a short USD/JPY position

Total: +304 pips

But the big lose is coming…do not worry! :wink:

Hit 97.65 (-26 pips)

Total: 278 pips

Open 2 long positions at 97.65