Tradex Forex Journal

Discussion in 'Journals' started by Tradex, Jun 7, 2020.

  1. destriero

    destriero

    lol tradex thinks the reply was to him.
     
    #161     Jun 13, 2020
    ChipShotTrader likes this.
  2. Whenever I read your comments, the movie "American Psycho" comes to mind. And I genuinely mean that as a compliment, and in a very positive way!!!

    God, this trading business may have made me a little crazy after all...

     
    #162     Jun 13, 2020
  3. Tradex

    Tradex

    Some traders asked me why I traded just a few hours before the close of the Forex market, on Friday.

    The answer is simple : why not??

    What difference does it make if you trade at 9AM or 1PM or even 3PM on Friday's?

    Here is a simple example (see chart): around 2:40 PM ("late" in the session) the GBP/AUD completed a mini head and shoulders formation on the 5-min. Traders who love to trade these patterns could have shorted the currency when the price retraced to the breakout line (see black arrow) and collected an extra 50 pips in less than 30 minutes.

    On Friday's it is not over until the fat lady sings, don't let anybody tell you otherwise.


    [​IMG]
     
    Last edited: Jun 13, 2020
    #163     Jun 13, 2020
    ChipShotTrader likes this.
  4. Tradex

    Tradex

    Forex market is now open, let's get busy.


    [​IMG]
     
    #164     Jun 14, 2020
  5. Tradex

    Tradex

    Long GBP/USD at 1.2548, 33 pip stop.
     
    #165     Jun 15, 2020
  6. Tradex

    Tradex

    Hard to move the British pound when all the London traders are hitting the pubs as we speak.


    [​IMG]
     
    #166     Jun 15, 2020
  7. Tradex

    Tradex

    +30 pips, stop is now at break-even.
     
    #167     Jun 15, 2020
  8. Tradex

    Tradex

    Out GBP/USD at 1.2598, +50 pips.
     
    #168     Jun 15, 2020
  9. Tradex

    Tradex

    Short GBP/NZD at 1.9455, 48 pip stop.
     
    #169     Jun 15, 2020
  10. Tradex

    Tradex

    That's it, get down there you beast.

    [​IMG]
     
    #170     Jun 15, 2020