Thread: Newbie Journal

Not much of Thoughts for Your New York session

Believing that GBP/USD should Watch resistance at 1.9100

Thus, Restrict short GBP/USD @ 1.9096, stop 1.9136, profit Shoot 1.9006

If trade does not Activate 2 hours to Tokyo session, Can cancel

Pip Gains todate: 60

Will Shut all yesterday's Limitation positions not triggered yet Anyhow short GBP/USD

Outstanding Limitation positions:
limit short GBP/USD @ 1.9096, stop 1.9136, profit Shoot 1.9006

Outstanding open positions:
long EUR/USD @ 1.2828, stop 1.2798, profit Shoot 1.2928

Pip Gains todate: 60

Taking a risky trade here. .

NZD/USD appears to maintain Wave E using a 5-wave count. There may be upside down but I believe 0.6520 will give resistance in my Fibonacci projection

Hence, short NZD/USD @ 0.6510, cease 0.6535, profit take 0.6460

French Fin Min's comments also reminds me the way the JPY could be due some power

Thus, restrict short USD/JPY @ 117.43, cease 118.03, profit take 116.83

Outstanding restrict positions:
limit short GBP/USD @ 1.9096, cease 1.9136, profit take 1.9006
limit short USD/JPY @ 117.43, cease 118.03, profit take 116.83

Outstanding open positions:
extended EUR/USD @ 1.2828, cease 1.2798, profit take 1.2928 (looking to shut )
short NZD/USD @ 0.6510, cease 0.6535, profit take 0.6460

Pip Profits todate: 60

Originally Posted by ;

Amendment:

Within my daily chart, my 5 day EMA has crossed 10 day EMA and touching 21 day EMA.

So that I will participate half first.

Hence, long EUR/USD @ 1.2828, cease 1.2778, profit take 1.2928

Maintain limit long EUR/USD @ 1.2800, cease 1.2750, profit take 1.2900 if EUR/USD retreats further. .

I hope I'm not embarrassing myself...


Pip profits todate: 0

Closed my long EUR/USD @ 1.2831, 3 pips gain. . Can't see further strength for today therefore will try when Euro heads lower

Outstanding limitation positions:
limit brief GBP/USD @ 1.9096, cease 1.9136, profit shoot 1.9006
limit brief USD/JPY @ 117.43, cease 118.03, profit shoot 116.83

Outstanding open positions:
brief NZD/USD @ 0.6510, cease 0.6535, profit take 0.6460

Pip Profits todate: 63

Originally Posted by ;

Taking a risky trade here. .

NZD/USD appears to be in Wave E using a 5-wave count. There may be more upside down but I believe 0.6520 provides resistance on my Fibonacci projection

Hence, brief NZD/USD @ 0.6510, stop 0.6535, profit take 0.6460

French Fin Min's comments also reminds me how the JPY may be due some power

Hence, limit brief USD/JPY @ 117.43, stop 118.03, profit take 116.83

Outstanding limit positions:
limit brief GBP/USD @ 1.9096, stop 1.9136, profit take 1.9006
limit brief USD/JPY @ 117.43, stop 118.03, profit take 116.83

Outstanding open positions:
brief NZD/USD @ 0.6510, stop 0.6535, profit take 0.6460

Pip Gains todate: 60

NZD/USD heading higher, past losses has instructed me that my stop might be too close. .

Hence, change stop to 0.6560, to trail it once trade moves to 10 pips gain

Outstanding limit positions:
limit brief GBP/USD @ 1.9096, stop 1.9136, profit take 1.9006
limit brief USD/JPY @ 117.43, stop 118.03, profit take 116.83

Outstanding open positions:
brief NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460

Pip Gains todate: 63

Decided to remove by USD/JPY Limitation and participate immediately via Brief EUR/JPY

Thus, Brief EUR/JPY @ 150.35, Cease 150.95, profit take 149.55

Outstanding Restrict positions:
limit Brief GBP/USD @ 1.9096, Cease 1.9136, profit take 1.9006

Outstanding open positions:
Brief NZD/USD @ 0.6510, Cease 0.6560, profit take 0.6460
Brief EUR/JPY @ 150.35, Cease 150.95, profit take 149.55

Pip Gains todate: 63

RSI Around GBP/USD daily turning south
No strength in Asia all day to touch 1.9100

Thus, cancel limit GBP/USD and take part now Ahead of the London open

short GBP/USD @ 1.9050, Cease 1.9090, profit take 1.8980

Outstanding limit positions:
Nil

Outstanding open positions:
short NZD/USD @ 0.6510, Cease 0.6560, profit take 0.6460
short EUR/JPY @ 150.35, Cease 150.95, profit take 149.55
short GBP/USD @ 1.9050, Cease 1.9090, profit take 1.8980

Pip Profits todate: 63

Originally Posted by ;

RSI on GBP/USD daily turning south
No strength in Asia daily to touch 1.9100

Therefore, cancel limit GBP/USD and take part now ahead of the London open

brief GBP/USD @ 1.9050, stop 1.9090, profit take 1.8980

Outstanding limit rankings:
Nil

Outstanding open positions:
brief NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
brief EUR/JPY @ 150.35, stop 150.95, profit take 149.55
brief GBP/USD @ 1.9050, stop 1.9090, profit take 1.8980

Pip Profits todate: 63

brief GBP/USD was stopped... 40 pips loss... a fantastic lesson NEVER to pursue a trade if I had kept my limit order earlier. .

Outstanding limit rankings:
Nil

Outstanding open positions:
brief NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
brief EUR/JPY @ 150.35, stop 150.95, profit take 149.55


Pip Profits todate: 23

Going to get a cross now. .

Think EUR has lagged GBP in functionality

long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Outstanding limit positions:
Nil

Outstanding open positions:
short NZD/USD @ 0.6510, stop 0.6560, profit take 0.6460
short EUR/JPY @ 150.35, stop 150.95, profit take 149.55
long EUR/GBP @ 0.6735, stop 0.6715, profit take 0.6775

Pip Profits todate: 23

You just went long Swissy. Did you get filled in your price? It ended up being a data release that popped it out of its rut.