Tradex Forex Journal

Alright, so P/L so far (since beginning) : +143 pips.

Let's make some money this week, shall we?

 

Long GBP/CAD at 1.7220, 27 pip stop.
Let's go.

 

Long AUD/JPY at 75.97, 26 pip stop.

 

10 pip loss at the moment.
50 pip stop (instead of 27) to avoid premature exit due to 5 PM rollover (due in 5 minutes).

 

Stop is now back to 27 pips on that long GBP/CAD position, after a 34 pip paper "loss" (due to wider spread during the usual 5 PM rollover).

Both positions (that includes long AUD/JPY) are currently (slightly) profitable.

 

I forgot to mention that all trades have a break-even stop when the market moves the right way. The size of this break-even stop will be equal to the size of the stop.

So for instance if the stop is 25 pips then as soon as the currency pair moves 25 pips in my favor the initial stop will be moved to break-even.

 

Long AUD/USD at 0.7160, 18 pip stop.
(Trading results will be given at the end of each week).

 

Stop on that (already profitable) long AUD/USD has been momentarily set to 30 pips to avoid premature exit due to rollover spread at 5 PM NY time.

 

Just curious if this trade is still active because it's been 8hrs since it was initiated?

Also if it is still active what is the price target objective?

18 pip stop loss what about the exit price?

Thanks

 

Hi,

Long AUD/USD position has now been closed at 0.7183, 23 pip profit ($230 profit per standard lot).