Trade: Short EUR/AUD
Open Price:1.2405 + 10 spread
Stop Loss: 1.2510
Reason(s): Daily pinbar, daily and weekly trend seems to be down. The 1.2450 - 1.2500 area seems to be hard to breakthrough so it might go down again.
Caution: I do not like the thin pinbar. If the body is bigger, it will be better.
Risking: 1% of account balance
Stop loss hit. I guess this is not a good trade choosing a pin bar with a very thin body. Going to note this down.
This trade is also mostly based on the Monthly & Weekly RSI. Probably going to take profit fast if it does go down.
Trade: Short GBP/USD
Open Price:1.5970
Stop Loss: 1.6020
Reason(s): 1.6000 Area, Monthly & Weekly RSI pointing down
Caution: Looks like Monthly & Weekly is still on a Downtrend?
Risking: < 0.5%
Result: -50
Trade: Short GBP/JPY
Open Price: 128.43
Stop Loss: 129.71
Reason(s): Daily Pinbar but not too perfect, Long term down trend
Caution: Previous bullish large candle, JPY Retail Sales new
Risking: < 1%
Result: -128
Taking this trade with a small position. Risking less than 1% of my account balance.
Trade: Short GBP/USD
Open Price: 1.5667
Stop Loss: 1.5761
Reason(s): Weekly Downtrend. Daily Pinbar. Daily Trendline Break.
Caution: 1.5600 - 1.5500 Area
Result: -94
Comment(s): Such a fast trade. Bad analysis for this trade.
Trade: Long CHF/JPY
Open Price: 85.66
Stop Loss: 83.90
Result: -176
Trade: Short EUR/CHF
Open Price: 1.3363
Stop Loss: 1.3510
Result: -147
Trade: Long GBP/USD
Open Price: 1.5659
Stop Loss: 1.5528
Result: -131
Comment(s): Looks like I'm trading the wrong way; cutting winners, running losers. Got to work on that...
Trade: Long GBP/CHF
Open Price: 1.5946
Stop Loss: 1.5821
Result: -125
Comment: Looks like a bad week to trade with all the big news coming out..
Trade: Short EUR/GBP
Open Price: 0.8168
Stop Loss: 0.8247
Result: -79
Trade: Short EUR/GBP
Open Price: 0.8161
Stop Loss: 0.8210
Result: -49
Trade: Short AUD/CAD
Open Price: 0.9255
Stop Loss: 0.9319
Result: -64
Trade: Long EUR/CHF
Open Price: 1.3431
Stop Loss: 1.3358
Result: -73
Comment: Should have watch out the CHF Trade Balance news?
Trade: Long AUD/USD
Open Price: 0.8926
Stop Loss: 0.8890
Result: -36
Comment: Seems like it still wants to go down.. or stop loss is just too tight?
Trade: Long USD/CHF
Open Price: 1.0517
Stop Loss: 1.0474
Result: -43
Trade: Short NZD/USD
Open Price: 0.7047
Stop Loss: 0.7360
Result: -313
Trade: Short AUD/USD
Open Price: 0.8670
Stop Loss: 0.8882
Result : -212
Comment: Looks like I'm having a bad week..
Trade: Long EUR/GBP
Open Price: 0.8472
Stop Loss: 0.8390
Result: -82
Comment: Failed analysis skill i guess?..
Trade: Long USD/JPY
Open Price: 88.97
Take Profit: 91.00
Stop Loss: 87.90
Result: -107
This may be a risky trade since there is a pin bar before todays candle.
Trade: Short AUD/USD
Open Price: 0.8392
Take Profit: 0.8216 (Not set)
Stop Loss: 0.8560
Result: -168
Will the weekly trend line hold?
Trade: Short GBP/USD
Open Price: 1.4906
Take Profit: 1.4750
Stop Loss: 1.5022
Result: -116
Note: What was I thinking? Taking a trade solely based on trendline. Bad decision.
