EURJPY - 5Min +22pips 1% Increase

Quickly checked 4 HR Chart, price was bullish Oversold with bearish cross.

Price action on the 5 min chart dropped below 60SMA, nonlag SMA + ALF Line.

Also both price action indicator's favoured a short entry, looked for Daily Pivot.

Price then halted just shy of Target, decided to close out with 1% Increase.

GBPUSD - 5min - 2.6% 40 pip Loss

2.6% Account loss today! -40pips.

All the good work from the last few sessions gone, however its part of trading and something I need to accept and move on.

First mistake today, was a 130pip spike candle on the 5m chart (without any news scheduled).

This should have warned me to stay away for the day.

Anyway price rallied back to the open price, and the 130 pips candle was basically cancelled out, and my initial reading was long anyway so I decided to continue with my strategy for the day and buy a break of the high looking for my usual 20-30pips for 1%.

The dashboard was looking good as well, however as soon as price took me in, I was 10 pips in profit then retraced 35pips and I closed out.

Stupidly I re-entered 10 minutes later thinking I could at least get a rally back to my 1st position, then again news hit without me noticing it (second time now) and started to drop I closed out manually again for -5pips.

Total loss 40 pips 2.6% of my trading account.

****Should have walked today****

GBPUSD - 5Min + 30pips 1.6% Increase

Price was moving lower, already below fib levels from yesterdays swing, also below both SMA's.

Price had consolidated on the 5 min chart, placed a sell order below market in anticipation of a move lower (.27 extension from yesterdays swing as a target).

Closed out at +30pips 1.6 Increase, very little or no draw down, however there was news released in the middle of my trade, that I didn't see coming or anticipate, which could have changed everything. Also moved to B/Even quite quickly after 10 pips or so.

GBPUSD - 15Min - 4pip Loss (Rules broken)

All in all a bad choice of entry here, impatience to trade in the end, and then getting out too soon as the trade moved into profit.

4pip loss that was actually a +15 trade on the next candle, however the entry was poor and the the indicators / price action hadn't lined up.

I was trying to second the guess the market without confirmation, in the end this is just throwing away money on a hunch.

• Retrace hadn't made it all the way to 38% level.
• Previous move was 70 pips.
• Trix was still bullish.
• Indicators + Price were not in agreement.

One good thing was I closed out early, because I didn't like the look of things, hmmm lots more work todo.

EURJPY - 15 Minute Chart 18pips - 1.3% Increase

Indicator alerted me that price had touched the 240 + 60 SMA's (I was looking for a reaction from this level - very short-term)

Confirmation looked good between price action, 2 Oscillators and pattern formation (pin bars on the SMA).

So I took the trade, and got about 18 pips with very little draw-down only about 8 or 9 pips max.

1.3% Increase on trading account.

EURJPY - 5 Minute Chart - 8pip LOSS

This was mega stupid trade, what am I trying to prove by pressing self destruct button ?

Selling Bottoms for 5 pips ?

Stupid, even tho my target was hit, I got spooked and closed the trade at -9.

Chart was showing slight divergence as well.

Also USD news hit a couple of minutes after this trade and price spiked 30 points, another reason not to trade during news events, even the ones that don't affect your currency.

See chart below :-

EURJPY - 5 Minute Chart +30

EURJPY 5 min Chart. +30

Down swing on the 5 minute chart broke the Asian session low, then retraced.

Price was below the 60SMA on 5 + 15 minute charts.

Measured fib from top to bottom of swing + projected 127 + 134 levels.

Fib swing + Asian low were grouped tightly together, so I figured good resistance place to enter, with stop above 38.3% fib.

Risk Reward was roughly 1.5 ish maybe bit more.

GBPUSD - 15Min - Scalp +13

Along with the various trading techniques I'm experimenting with these days, this is my first real documented attempt at using the pip-ware dashboard.

The trend was down and I entered after a long retracement with a big bearish candle, price broke just above the '00' round number so I decided to look for a quick scalp down to the round number.

The trix indicator was bearish + also showing divergence, along with fractals showing bullishness. Made a quick 13 pips.

I'm also experimenting with a trade management EA that :-

1. Closes 1/3 of the position at 10 pips profit.
2. Moves the stop loss to BE at 10 pips profit.
3. Closes 1/3 of the position at 20 pips profit.
4. Target's 40 pips in total for the final 1/3 with the stop at BE.

I figure even if I'm wrong sometimes this could be a saving grace getting out quickly with small losses or even at BE.

I'm currently short the EUR/USD as well at the moment as part of a swing strategy, more to come when the trade develops (or gets stopped out).

EURUSD - Trade +93 pips 1.1%

Plus 93 pips today and it was NFP Friday as well!

Trade overview - I had counted a wave 3 rally from Thursday's low.

It seemed to me the EURUSD was mainly sideways on Friday morning due to it probably being NFP Friday, as well as pausing from yesterdays advance. However I was expecting one final push to make a (wave 5 of 3 high).


I'm still pretty new to this, so closed the majority of the trade early and only left a small percentage of the trade running.

However I still managed 1.1% account increase. My Entry was not bad with only a small retrace before moving in my favour, still need to practice the timing to get it 'slick'.

The top chart is the 15 minute execution chart, and the bottom (white coloured chart) is the higher 60 minute time frame.

As a reminder, this blog is really a trade diary for myself to get more experiance reviewing bad trades, and keep track of my success before 'going live'.