Tradex Forex Journal

Long gbpjpy at 153.77, 16 pip stop.

 

Scary against-the-intraday-trend trade.

 

Out at 153.70, 7 pip loss.

 

Re-entry gbpjpy, same price same stop.

 

Long gbpjpy at 153.77, 16 pip stop, to be more specific.

Eurjpy is moving up too, a good sign usually.

 

Stop at break-even.

 

Out at 153.97, +20 pips.

 

Short usdjpy at 190.45, 25 pip stop.

 

Results from last week:

Short AUD/NZD at 1.0777 : breakeven
Short CAD/JPY at 88.85 : breakeven
Long eur/nzd at 1.6835 : +50 pips
Long GBP/USD at 1.3908 : -3
Long GBP/USD at 1.3907 : -15
Stop and reverse at stop price : -22
Long eurnzd at 1.6718 : +35
Short euraud at 1.5526 : +20

Total for week ending May, 7: +65 pips

As a reminder, if you are making "just" 50 pips a week on average (not an easy task mind you) that represents 2600 pips a year.

If you are trading 10 standard lots per trade that's over $250 000 extra a year in your pocket.

 

Out at 190.50, 5 pip loss.
Never argue with the market, we can always re-enter later if the signal is still valid.