thread: Trading Journal 2010

Hello Everyone,

Have not made a commerce in 2 weeks, because I just didn't see any opportunites I felt comfortable with. I just did a sell-limit on the Euro against the dollar. Details of this trade....

Sell limit 1.21250
Take Profit 1.20250
Stop Loss 1.23500
Leverage= .20

Chart posted below

I've resolved to Add two lots to my market, since the Euro had a nice move up now and I think that it's run out of gasoline in the 1.2140 resistance. I also am seeing the beginning of a 1 hr snare of this resistance level making me think that it's topped in the brief term. The bar hasn't closed yet

Trade was a success since I took another 100 pip trade. . .trade took place at hit my take profit while I was at the office this morning. Chart is below....shorted euro at 1.21250 and took profit at 1.20250.

I have decided to Add two lots to my sell, because the Euro had a wonderful move up today and I think it has run out of gas in the 1.2140 resistance. I am seeing the beginning of a 1 hr pin of the resistance level which makes me believe that it has topped in the short term. The bar has not shut yet though

Ha sorry dude that post was for my diary I submitted it injury. My bad

This transaction I just entered is somewhat risky and I'm much less confident. From previous experiences, this is going against the tendency of the market, however, I truly believe there's a chance here to make a profit on a slight bullish trend that has taken place. Im hoping the euro to go around about 1.25 and continue to become bearish. Right now its at 1.23 and Im expecting to ride it upward. Trade details. .

Bought Euro at 1.23000
Take Profit = 1.24000
Cease loss = 1.21
Leverage .20

Chart below

Last night I entered this trade and purchased the Euro. Purchased the Euro in 1.23000 and took profit at 1.24000 for another 100 pip trade. This trade was a tiny bit riskier because it moved contrary to the overall trade. Is to the Euro as I expect it to go back down against the dollar. Will place trade once it nears the 1.25 degree. Below is my chart.

Just I entered at commerce where I shorted the Euro in 1.24500. The reason was due to this resistance level. . .also it met with the trend and seemed like a wonderful prospect. With the mess still going on in Europe. . .this trade looks great, especially if the stress test on the european banks comes back negative. Lets see what happens. Details and chart of this trade below.

Trade Details:

Shorted Euro in 1.24505
Cease loss= 1.27000
Take Profit = 1.23505
leverage = .20

Chart Below:

My stop loss was just hit and I dropped 300 pips in the commerce. Learned alot from the commerce as I held on that it would continue but that never happened. Learned that I will lower my leverage on trades and adhere to smaller stop losses. Chart is below.

Only entered a new commerce since I am shorting the Euro at 1.29.
The resistance was at 1.28990 and I think that it's going to withstand this amount and work down its away bearishly. The fashion line leads me to think that it's going to bounce off of this as well. Lets see what happens...

Trade Details:

Shorted at 1.29000
Take Profit at 1.27800
Stop Loss at 1.31000
Leverage .10

Chart Below:

Just entered a new trade since I am shorting the Euro in 1.29.
The resistance was 1.28990 and I believe that it's going to resist this amount and operate its away down bearishly. Also the trend line leads me to believe that it's going to bounce from this. Lets see what happens...

Trade Details:

Shorted in 1.29000
Take Profit at 1.27800
Stop Loss at 1.31000
Leverage .10

Chart Below:

**************UPDATE***************

Trade has gone into my favor. Moved my stop loss around 1.28800. Worst this transaction is going to do for me is make me a sucessful 20 pip trade. Also I moved my take profit down to 1.27000 because this trade has room now to keep downward.