This is the start of my forex journals, I mainly use 1 hour and 4 hours chart to trade 6 major pairs (i.e. EUR/USD, USD/JPY, GBP/USD, USD/CHF, USD/CAD and AUD/USD).
Share
Long got stopped out at 0.9630
looks like bottom is in long AUD again at 0.9540 stop is below 0.9400
Took profit at 0.9643
Short EUR at 1.3485 continuation of higher time frame sell
took profit at 1.3383 … keep half with breakeven stop
Got lucky with this trade.
next target is the swing low 1.3250
News of another European rescue, no major gap up in EURUSD keeping my EUR short.
http://www.usatoday.com/money/world/story/2011-10-09/merkel-sarkozy-meeting/50709700/1
Stop out of my short … now re-enter short at 1.3620
Added to my EUR short at 1.3800
Short GBP at 1.5765 now at break even stop.
If GBP break above 1.5800 again next level up will be 1.6000
GBP stopped out
Additional EUR short stopped out
Added more EUR short at 1.3868 on Friday
I still believe EUR is in longer time frame downtrend, my target for EUR is below 1.3000
Long got stopped out at 0.9630
looks like bottom is in long AUD again at 0.9540 stop is below 0.9400
Took profit at 0.9643
Short EUR at 1.3485 continuation of higher time frame sell
took profit at 1.3383 … keep half with breakeven stop
Got lucky with this trade.
next target is the swing low 1.3250
News of another European rescue, no major gap up in EURUSD keeping my EUR short.
http://www.usatoday.com/money/world/story/2011-10-09/merkel-sarkozy-meeting/50709700/1
Stop out of my short … now re-enter short at 1.3620
Added to my EUR short at 1.3800
Short GBP at 1.5765 now at break even stop.
If GBP break above 1.5800 again next level up will be 1.6000
GBP stopped out
Additional EUR short stopped out
Added more EUR short at 1.3868 on Friday
I still believe EUR is in longer time frame downtrend, my target for EUR is below 1.3000