Forex Trading JournalForex Trading on EurUsd, GbpUsd, UsdChf, UsdJpy and EurJpy. My focus are in day trading and also longterm trades which are based on both technical and fundamental analysis. I also take high considerations to macro-economic factors. My aim is to become an expert trader.16th-20th April 2007: Trades & Commentaries- February 10, 2008 Opened 4 positions, late afternoon, I think around 11 am London time:1. sell usdchf o:1.2117 sl:1.22022. buy eurusd o:1.3564 sl:1.35073. buy eurjpy o:162.06 sl:161.034. sell gbpchf o:2.4154 sl2.4250Looking for another trade in usdcad in short position. All position are trend following, except for gbpchf, reversal possibility.Now all trades in development.Updates: 17th April 2007: Closed positions: 1. sell gbpchf o:2.4154 sl:2.4250 c:2.4250, -96 pips 2. sell gbpchf o:2.4228 sl:-...http://forex-tradingjournal.blogspot.com/2007/04/16th-20th-april-2007-trades.html 2nd-6th April 2007: Trades & Commentaries- February 10, 2008 Opened 3 position this evening. Just continuing last week move (refer comment section for last week).1. Sell GBPCHF o:2.3962 sl:2.4008,tp:-2. Sell GBPUSD o:1.9728 sl:1.9761,tp:-3. Sell USDCAD o:1.1564 sl:1.1587,tp:-Updates: 4th April 2007: My GBP trades got stopped out: 1. Sell GBPCHF o:2.3962 sl:2.4008, c:2.4007, -46 pips 2. Sell GBPUSD o:1.9728 sl:1.9761,c:1.9762, -34 pips Strange, I got stopped out lower than my stop-loss price for GBPCHF. Anyway the price have gone higher so it...http://forex-tradingjournal.blogspot.com/2007/04/2nd-6th-april-2007-trades-commentaries.ht... 26th-30th March 2007: Trades & Commentaries- February 10, 2008 Back to trading again. Opened several positions late this evening:1. Buy GBPUSD o:1.9596 sl:1.95102. Sell USDCAD o:1.1619 sl:1.16633. Sell USDCHF o:1.2212 sl:1.22554. Sell USDJPY o:118.22 sl:118.73Positions based on trend: GBPUSD, USDCAD, USDCHFPositions based on reversal possibilities: USDJPY (doji star)Updates: 26th March 2007: Closed Position 1. Sell USDJPY o:118.22 sl:118.73, c:118.07, 15 pips. I don't like the way it bounce back upward after the dive. Yen looks weaker on all...http://forex-tradingjournal.blogspot.com/2007/03/26th-30th-march-2007-trades.html 19th-23rd March 2007: Trades & Commentaries- February 10, 2008 Standing aside for a while. Need some fresh air.Usdcad shows great downtrend there, gbpusd is up again. euryen, i'm not quite sure what is going on. usdchf looks like to go down again.I don't think that i will trade this week. Just taking a break. I'll resume again next week. Let have some rest.... Forex Trading Journal Some right reserved.http://forex-tradingjournal.blogspot.com/2007/03/19th-23rd-march-2007-trades.html 12th-16th March 2007: Trades & Commentaries- February 9, 2008 Traded some positions:Open TimeTypeItem OpenS LT PClose Time ClosePips 2007.03.12sellusdchf1.23500.00000.00002007.03.121.233317 2007.03.12sellgbpchf2.38842.40000.00002007.03.122.3660224 2007.03.12sellgbpusd1.93361.94450.00002007.03.121.932412At one moment, the gbp trades especially the gbpusd was in nice profit. I was not on the PC at that time so no take profit at that level. I just take what the market gave me and leave, no greed. The usdchf is traded against the trend, I..http://forex-tradingjournal.blogspot.com/2007/03/12th-16th-march-2007-trades.html Soros Blamed Yen Carry Trades for Turbulence- February 9, 2008 George Soros blamed yen carry trades as one very important factor in the current turbulence in global financial markets. As the YEN is basically interest-free, a lot of money is coming from borrowing and lots of Japanese money are going abroad. As the YEN weakened, a lot of people got into yen carry trades, thus causing a shake-out in financial markets. Soros also attributed the turbulence partly to a slowdown in the US economy and the housing situation. A slowdown will lead the US economy to...http://forex-tradingjournal.blogspot.com/2007/03/soros-blamed-yen-carry-trades-for.html 5th-9th March 2007: Trades & Commentaries- February 9, 2008 I opened lots of positions, I think I am being over-traded this week. I felt a little bit fearful on the market after last week sell-off. You can see this by how i took profit in my trades below:Open TimeTypeItem OpenS LT PClose Time ClosePips 2007.03.05sellusdchf1.21611.22140.00002007.03.051.2214-53 2007.03.05sellusdcad1.17851.18220.00002007.03.051.1822-37 2007.03.05sellusdchf1.22181.22510.00002007.03.061.2251-33 2007.03.06buygbpchf2.35482.34840.00002007.03.062.359446...http://forex-tradingjournal.blogspot.com/2007/03/5th-9th-march-2007-trades-commentaries.ht... GBPYEN Trades Review- February 9, 2008 My draw down this month is much caused by GBPYEN trades. Though I have winning trades in past few months, I found that this draw down has spoken to me. I just been trading this pair actively last month (February 07) and it is observed that this currency pair has contributed a total lost of 590 pips for the month. This is really unacceptable.Dropping this currency trade would prevent me from those lost from occurring again. I admit that this currency really promising to be traded, but the risk...http://forex-tradingjournal.blogspot.com/2007/03/gbpyen-trades-review.html 26th Feb-2nd March 2007: Trades & Commentaries- February 9, 2008 Opened positions: NoOpen TimeTypeItem OpenS LT P 12007.02.26buyeurusd1.31741.31120.0000 22007.02.26buygbpjpy236.90235.110.00 32007.02.26buygbpusd1.96301.95370.0000 42007.02.26sellusdchf1.23131.23510.0000All positions were opened based on last week market trends (trend following). usdchf has gap on opening. Currently the gap have been filled and it unable to break the Friday's closing price. It seems there is a support holding at 1.2295 of usdchf now. All positions are still in...http://forex-tradingjournal.blogspot.com/2007/02/26th-feb-2nd-march-2007-trades.html It was Bias- February 9, 2008 I was biased. That was what happened to my GBPYEN trade two weeks ago. I lost more than 400 pips because of that. I have the chance to cut the lost small, but I didn't do it. Why Because I felt that the price will go higher and my position will go +ve. It is quite hard to describe how, I don't know how to describe it, but that is the feeling, more like hoping at the market. It is like I believed that the market that will go higher but in reality it is not, and it is going in another way, but I..http://forex-tradingjournal.blogspot.com/2007/02/it-was-bias.html |