JOURNAL,for my own education
2 trades taken today so far
POUND SWISS sl moved to BE cos it resched R1, and movin towards TP which would be 3R. i m risking 5% on each and every trade targeting 3 times my risk so 15% .
AUSSIE SWISS having some difficulty passing thro previous dail high, but the trend is still up, setups is still intact, so i m gonna leave it for a little more.
there was a nice EURGBP short earlier today, 4hr short setup, 1hr short and 5m short setup but i missed it..well i can t catch all the trades.
the goal is to take the entries on 5m targeting 3R but, or sometimes trail behind the swings if the move is strong. but for that i need t catch the 1hr setups or even 4hr in combination with 5m, so patience is key. so far so good. 1st september, hopefully the market starts picking up some momentum.
GBPCHF 3R reached or 15% profit
AUDCHF sl moved to BE as it reached R1
such a nice move on pound swiss, but there was no 5m setup and was right after london closed yesterday, and i try to take setups during london and early new york, cos after 6pm gmt the probability fr a trending move is quite scarse. anyways, moving on, no more risk on the table thus far.
i added to my aussie swiss long, cos price retraced on 1hr, and gave a 5m entry to go long. i set a buy stop and got triggered in, but i see only 1 position now instead of 2, anyways i guess they merged the 2 positions and moved my SL up. the 5m entry has a 10 pip SL and 30 pip TP, around that daily resist.
so total win on AUDCHF was 1 dollar..
np, moving on. no trades so far running, was waiting on a few setups but they didn t materialise, patience!
2 trades taken today so far
AUSSIE SWISS having some difficulty passing thro previous dail high, but the trend is still up, setups is still intact, so i m gonna leave it for a little more.
there was a nice EURGBP short earlier today, 4hr short setup, 1hr short and 5m short setup but i missed it..well i can t catch all the trades.
the goal is to take the entries on 5m targeting 3R but, or sometimes trail behind the swings if the move is strong. but for that i need t catch the 1hr setups or even 4hr in combination with 5m, so patience is key. so far so good. 1st september, hopefully the market starts picking up some momentum.
Disliked2 trades taken today so far {quote} POUND SWISS sl moved to BE cos it resched R1, and movin towards TP which would be 3R. i m risking 5% on each and every trade targeting 3 times my risk so 15% . AUSSIE SWISS having some difficulty passing thro previous dail high, but the trend is still up, setups is still intact, so i m gonna leave it for a little more. there was a nice EURGBP short earlier today, 4hr short setup, 1hr short and 5m short setup but i missed it..well i can t catch all the trades. the goal is to take the entries on 5m targeting 3R...Ignored
AUDCHF sl moved to BE as it reached R1
such a nice move on pound swiss, but there was no 5m setup and was right after london closed yesterday, and i try to take setups during london and early new york, cos after 6pm gmt the probability fr a trending move is quite scarse. anyways, moving on, no more risk on the table thus far.
i added to my aussie swiss long, cos price retraced on 1hr, and gave a 5m entry to go long. i set a buy stop and got triggered in, but i see only 1 position now instead of 2, anyways i guess they merged the 2 positions and moved my SL up. the 5m entry has a 10 pip SL and 30 pip TP, around that daily resist.
so total win on AUDCHF was 1 dollar..
np, moving on. no trades so far running, was waiting on a few setups but they didn t materialise, patience!