forexjpn's trade journal

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forexjpn
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EUR/USD

Postby forexjpn » Thu Mar 03, 2011 3:43 am

First trade for Thursday.
Let's see how it goes.
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forexjpn
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Postby forexjpn » Thu Mar 03, 2011 3:45 am

Sorry, should have mentioned, I entered at 1.38616 after the green line was wicked on the M5 chart.
The M5 chart is the image I took of it a few minutes before my trade.

forexjpn
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Postby forexjpn » Thu Mar 03, 2011 3:49 am

Looks like it's a big day for EUR regarding news/announcements..............
I guess I should have checked before I started trading...............anyway, will stay in this trade for now. I have a few hours before I start work again, so can stay in front of the pc.

forexjpn
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EUR/USD

Postby forexjpn » Thu Mar 03, 2011 3:54 am

My target for this trade is the Weekly Z-line at 1.3946.
Have never held a trade for this many pips............here's for a first.
Currently, -3pips..............
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forexjpn
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Postby forexjpn » Thu Mar 03, 2011 4:04 am

Out at -3.3 based on the M5 chart.
A line that I felt shouldn't have been broken was broken.
Can always reenter.

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forexjpn
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Postby forexjpn » Thu Mar 03, 2011 4:22 am

Obviously, I'm still in the learning process..........
In retrospect, I should have waited for some confirmed momentum on H1.
The chart shows a candle moving up, but that was the current candle which is 'an illusion'.....it ended up like a doji............no momentum there.............

forexjpn
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AUD/USD

Postby forexjpn » Thu Mar 03, 2011 8:50 am

Watching A/U H1 chart................
Price currently wicking MZ, will wait till it closes and shows upward momentum,
of course, but seeing that I have to go back to work in 30minutes..............may end up missing entry before anything happens
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forexjpn
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Change of Strategy

Postby forexjpn » Thu Mar 03, 2011 3:08 pm

I've realized that due to my schedule, I have to trade higher time frames.
I will make H4 my mainstay from now on.

forexjpn
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EUR/GBP

Postby forexjpn » Fri Mar 04, 2011 11:51 am

Been busy all day.
Took the eve off work...............finally able to look at some charts......
Like I said, strictly H4 from now...........
Here's one I'm looking at..............looking out for a MZ entry.

Edit: haha, had a bunch of squigglies on the chart..........not a big deal, but
replaced it with a clean chart just in case.
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forexjpn
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USD/CHF

Postby forexjpn » Fri Mar 04, 2011 12:22 pm

Also looking at this...............
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