Open Price:1.2380 + 10 spread
Stop Loss: 1.2530
Reason(s): Same as the previous trade, the 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.
Wednesday, March 14, 2012
14/03/2012 Short EUR/AUD [Cancel]
Trade: Short EUR/AUD
Open Price:1.2380 + 10 spread
Stop Loss: 1.2530
Reason(s): Same as the previous trade, the 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.
Open Price:1.2380 + 10 spread
Stop Loss: 1.2530
Reason(s): Same as the previous trade, the 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.
Thursday, March 8, 2012
08/03/2012 Short EUR/AUD [Close]
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.
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.
08/03/2012 Long AUD/USD [Close]
This trade is based on the overall trend of the daily and weekly. The daily pinbar is also looking nice but I do not like the daily trendline above and also the big red bar prior to the pinbar.
Trade: Long AUD/USD
Open Price:1.0599 + 4 spread
Stop Loss: 1.0490
Reason(s): Daily pinbar, daily and weekly trend seems to be up.
Caution: Does not like the daily trendline. Trade may touch the trendline and move back down.
Risking: 0.8% of my account balance
Moved stop loss to breakeven +8.
Got stop at BE +8.
Looks like it really did move down after touching the trendline. 1.0650 area seems to be an important area too.
Trade: Long AUD/USD
Open Price:1.0599 + 4 spread
Stop Loss: 1.0490
Reason(s): Daily pinbar, daily and weekly trend seems to be up.
Caution: Does not like the daily trendline. Trade may touch the trendline and move back down.
Risking: 0.8% of my account balance
Moved stop loss to breakeven +8.
Got stop at BE +8.
Looks like it really did move down after touching the trendline. 1.0650 area seems to be an important area too.
Monday, March 5, 2012
A year after 2011
It has been a year since I update my Forex diary. This diary has turned to a halt due to some unforeseen personal reason that I have no control of. But through the year 2011, I did not stop my Forex trading journey. I keep track of every trade in an excel file but it will be a lot of work to post everything here. The result for my 2011 year of my Forex trading is not too good as everything comes back to almost breakeven.
The year 2012, shall be something different in my Forex trading journey. I will be taking less trades by picking higher probability trades compared to years before. No more trades that is against the long and short term trend unless there are very good reasons to take the trade ie a pinbar + major trend line + big round number + some retracement, etc.
From today onwards, I will continue to keep track of my Forex trading journey here in my Forex diary. If you have any comments or ideas to share to improve my Forex trading, feel free to post them.
The year 2012, shall be something different in my Forex trading journey. I will be taking less trades by picking higher probability trades compared to years before. No more trades that is against the long and short term trend unless there are very good reasons to take the trade ie a pinbar + major trend line + big round number + some retracement, etc.
From today onwards, I will continue to keep track of my Forex trading journey here in my Forex diary. If you have any comments or ideas to share to improve my Forex trading, feel free to post them.
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