Forex price action trading

Discussion in 'Journals' started by momoNY, Oct 22, 2014.

  1. momoNY

    momoNY

    I will wait to reenter short around 1.2780, put a limit order. I it gets higher I will short more, stop at 1.2635.
     
    #31     Nov 1, 2014
  2. lubba

    lubba

    are stil trading on saturday ? dont get overtrade, wonder how % your monthly target profit ?
     
    #32     Nov 1, 2014
  3. momoNY

    momoNY

    No, it's closed! Just documenting my thoughts.
     
    #33     Nov 1, 2014
  4. momoNY

    momoNY

    Shorted at 1.248 stop 1.2512 target 1.238, I don't like the trade but euro seems very weak.
     
    #34     Nov 3, 2014
  5. lubba

    lubba

    quite sideway market today, i expect more pips range today. but seem another retrace, level tested, seem not strong enough
     
    #35     Nov 4, 2014
  6. momoNY

    momoNY

    Stopped out at 1.2512 for 32 pips loss. I shouldn't have taken this trade in the first place, I should stick to my plan, one of those too many days!
    7 trades, Profit: 280 pips losses 108 pips P/L: +172 pips.
    4 winners, 3 losers.
    Went short at 1.2575 limit order, stop at 1.2635 target 1.2375, will add more if it pushes higher.
     
    Last edited: Nov 4, 2014
    #36     Nov 4, 2014
  7. momoNY

    momoNY

    Looks like it will make another push up, I will fade the high. Closed the trade at 1.2448 and went long for a scalp (bad f..ing habit), will short at 1.2575 again. Am I going to count this as a trade? Ok!
    8 trades, Profit: 307 pips losses 108 pips P/L: +199 pips.
    5 winners, 3 losers.
     
    #37     Nov 4, 2014
  8. momoNY

    momoNY

    Scratched last trade. Will reenter short at 1.2554.
     
    #38     Nov 4, 2014
  9. momoNY

    momoNY

    Entered short 2 positions at 1.2554 stop 1.2642, target 1.235, fingers crossed!
    upload_2014-11-5_0-28-4.png
     
    #39     Nov 5, 2014
  10. momoNY

    momoNY

    Unbelievable, I shorted almost at the top 1.2575 and top 1.2577! Even a broken clock is right twice a day, if digital only once. It worked just as I predicted so far.
    Moved stop to 1.2580 a little too soon but, if I am stopped out on this pull back, I will reshort; 1.2635 should still hold.
    I may try ES soon, when I have more time to focus on both.
     
    Last edited: Nov 5, 2014
    #40     Nov 5, 2014