Trading journal of a discretionary newbie trader

what don’t you like about it’s behaviour about 9845? what TF are you looking at…not 1/2 hour ago you talking about 105!:54:

I watch the charts on M1 most of the time. If I need more information I maybe watch different timeframes but I use the M1 to feel better the general sentiment and the momentous.

In the long run yes (105) but here I am scalping for a couple of pips more or less! :slight_smile:

It made a double top on the M1. But it went through. Now let see around 98.50. If Europen traders won’t close their positions we could arrive at 99.

I wish!

Stop hit at 98.39 (+9 pips)

Total: 355pips!

Hope I won’t regret not keeping the stop just at break even.

Don’t fight the market, follow it.

Walk in the market with an open mind.

Trend and range are both your friends.

Cut your losses short and let your profits run.

Don’t move stop losses backward.

Nobody knows where the market will go. Learn to let it go because any trade could be right or wrong.

Don’t be over confident because one day you maybe nail it but the day after they could nail you, for good!

Be like water making its way through cracks. Do not be assertive, but adjust to the object, and you shall find a way around or through it.

Love your determination!
Soon,u will piece it all up. And truly gain mastery over d Fx.
All d best

Thanks! I will do my best. Hope your words will come true! And I wish you also best luck in your trading journey!

Short EUR/USD positon at 1.3248

SL 1.3260

TP 1.32

Won’t be able to follow next 1-2 hours so I decided to move SL already at break even.

Closed my UJ shorts @ 38% fib retrace as anticipated.

Happy you made lots of pips!

Look at you… That’s awesome! Keep the momentum… Keep it up!

Thank you! I can’t complain! Lets hope it is not just beginner luck and I am improving little by little!

[QUOTE=Trasimaco; 525039] Short EUR/USD position at 1.3248

SL 1.3260

TP 1.32[/QUOTE]

All disappointing 2 tier news from US. More to come in 1 hour. The pair doesn’t really know what to do right now. I moved the stop closed and in the worst scenario I will bank few pips!

that is the key " improving"… Then eventually you will start a signal service then we will follow you lol… J/k…

Hahaha! Better not! I don’t want anyone to come knock my door and accuse me I am the cause of their failure!

The pair keeps going down little by little. Are these the famous end month flow? Let’s hope so!

No they won’t… Who would do such a thing? Lol… Keep it up!

At this point it seems like we could reach at least 1.32 where there will be also some options in play. We can expect to find strong bid around 1.32 that could push the pair back up.

Probably the best strategy would be to revert position around 1.32 for some fast 10-15 pips and then wait for a new short opportunity.

However If we will reach 1.32 I won’t revert my position. I will just take profits and wait for a new short opportunity.

If we won’t reach my take profit before the next news I will just close my eyes and pray! :stuck_out_tongue:

SL hit at 1.3220 (+28 pips)

Total: +383 pips!