Journal
USDJPY : My trade complete with end cycleActually i am a big fan of EU, but it is no play now
I moved for USDJPY and see that is very interesting,
So i watch out of this end cycle of corrective leg downtrend.
And seeing it break out channel
I trade only this pair with many entry. with wave counts and bias uptrend.
Now, i closed the trade before big new of FOMC. and it is my bed time.
This trade is win.
EURUSD : My daytrade with 4 order trading journalTP around here.
First, i decided to buy only when graph breakout yesterday, but it not move much.
I try to entry first when see big white, but miss, and set order buy stop at break high, but it fall down sharp.
I think it will continue up, so add order again for going up. and again.
Finally 4 order of 0.1 lot size, Make ke take profit around midnight in my country.
Closed the trade since it weekends.
Thanks.
WEEKLY TRADING JOURNAL 3 - THE REALITY OF TRADINGSpreadhseet: docs.google.com
So this week was very rough, but that is the reality of trading. After two really good weeks the drawdown had to happen at some point.
After such a week you have to sit back and review your trading, is the drawdown a "natural" drawdown? (which means you traded perfectly but the market did not respond) or an "artificial" drawdown? (which means it is due to mistakes in your trading)
I reviewed my trading this weekend and I have realized a few things:
- All the trades met my rules, which means my trading was good.
- But there was one very big mistake: because I do not trade full-time, some days I have to go through the charts very fast. And this meant that this week I failed to notice three trades that met my rules, and that would have actually been winnners. If I had taken those trades, it would have put me in a break even or even profitable week.
For example:
Moral of the story.... To be excellent at something you need to give it your 100%, if you dont you mistakes will happen. So I either have to dedicate more time to trading or it is not going to work.
EURJPY longer term perspectivewe finally broke out of the consolidation zone and tested 120. found support on 18ema and key monthly level.
I do strongly think at some point this year we will see a huge decline in EJ and i will be mainly bearish on this pair moving forward.
I will be looking for shorts to 118's firstly then will wait to see if we break and rest the weekly trend line.
we will see 110's in my opinion maybe 2018.
thoughts?