Lost on this trade and some new things I must do — Ok, here is the failed trade. nAVIN2007 was totally correct about what happened. More specific details about this trade and some things I need to do from now on for all my trades is detailed ...

Trading Journal

Thanks nAVIN2007, I'll give what you say a try. Also, I like your trend lines very much. I'll systematically look at the Daily Chart then 3hr chart, then 1hr and 15min before entering a trade (i'll highlight the congestion areas and then look more ...

Trading Journal

next trade — Short Entry: 130.61 Take Profit: 130.0 Stop Loss: 131.35 I think I made a mistake with this trade in that in the image below I say that the close for that candle was close to the green line. That is true but I think it probably ...

Trading Journal

Compelled to quote topherhk88 — This post above is from a person called topherhk88 He posted this in a thread at: url I felt compelled to post it in my Trading Journal as a reminder of how the game works and how I'm starting to think. Though ...

Trading Journal

Yeah you could be right but I think my methods are still very flawed at the moment. I'm still chopping and changing trying to find something that works consistantly. Also, you could be right about the longer time frame. I was initally working off ...

Trading Journal

The Daily Central Pivot Point was at 131.05 Maybe I DO need to incorporate some Pivot points into my analysis. Far out, what a STUPID place that I put my stop loss, lol. It should have been probably at about the 25 level or there abouts if I'm ...

Trading Journal

This is horrible. Stopped out again. So this is how today has gone. Trade 1: Went Long and it went lower and so I lost on this trade. Trade 2: Went Long again thinking it would go higher. Lost on this trade. Trade 3: Finally I'm thinking that we ...

Trading Journal

Potential Trade about to get triggered — Ok Limit Sell order is set up. Entry=130.69 Take Profit=130.00 Stop Loss=131.10 A few reasons for doing this trade. 1. The wall is at the 130.70 level and we tested that level once and got rejected. 2. ...

Trading Journal

Waiting for another setup — The plan is shown in the image below.

Trading Journal

EUR/JPY Daily Chart — In case many weeks or months later I come back to this trade and want to know what the EUR/JPY was doing on the daily chart when I lost on those trades, I have included the image below.

Trading Journal

Lost on this trade as well. I think I'll hold back for awhile. This sux. Great explanation and my thought process is in the image below.

Trading Journal

I am long on the EUR/JPY. I see that we are a pivotal point. If it bounces, it will yield a lot of pips. IF it fails then my stop loss is not so big so I can take the loss. url

EURUSD

Just wanted to point out that I did in fact lose money on this trade. Anyway I also wanted to add a thought I have about money management. I recall Jesse Livermore saying that he: -Adds to his position AS he finds that price is doing what ...

Trading Journal

Long Entry=130.04 Take Profit=131.50 Stop Loss=129.70 Again. If +20 pips in profit, I will look to take some profit off the table and move stop loss to break even (entry price). I'm interested to see if price breaks back into the range zone as shown ...

Trading Journal

A potential refinement--Danger Read THIS — There is a danger when the close of a candle is SO close to the outter limit of the range. It means that there is a stronger than normal chance that it could break that range and head lower. See Image ...

Trading Journal

i need to get me one of those LOL

EURUSD

Ok I'm interested in the EUR/JPY See image below: Entry=130.55 Take Profit=131.50 Stop Loss=130.18 Looking to move stop loss to break even sooner rather than later. say at +20pips. url

Daily EUR/JPY analysis

EUR/JPY set up — Ok I'm interested in the EUR/JPY See image below: Entry=130.55 Take Profit=131.50 Stop Loss=130.18 Looking to move stop loss to break even sooner rather than later. say at +20pips.

Trading Journal

sorry mistaken post.

Auslanco - GBP/JPY and GBP/USD (newstrade)

Turned out the amount I left open went very well. I took profit at the 4750 level, which was the original plan. It could have gone either way though. The tricky thing about this game is getting the risk management right. I thought that this trade ...

Trading Journal