EURCAD SHORT@1.46506
SL@1.47893
TP@1.45119
SL@1.47893
TP@1.45119
My Forex Journal
- Thread starter wizard4444
- Start date
EUR hurt my EURJPY position but GBPCHF went to profit....the rest are still healthy... I am at BE a little positive after all the news and the terror attack....
LONG CADCHF@0.74451
SL@0.73553
TP@0.75349
SL@0.73553
TP@0.75349
SHORT USDCAD@1.30656
SL@1.31463
TP@1.29849
SL@1.31463
TP@1.29849
LONG EURJPY@126.041
SL@124.603
TP@127.479
SL@124.603
TP@127.479
LONG NZDJPY@75.929
SL@74.803
TP@76.993
SL@74.803
TP@76.993
Wiz, it's nice see that you keep carrying on your journal.
I just wonder whether you do take into account fundamental information in your trade decision making. All currencies against USD seem to be in the process of adjustment (to stay competitive in global markets? and to eliminate any arbitrage opportunities?) after US interest rate news last week. And because I am a tutor for international finance, I am starting to consider fundamental information in my trading decision. I just wonder whether you do take into account fundamental information or did you do when you worked at banks.
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90% of the time I do not cause always price action will lead you to the real news. There are some chartists that do use fundamentals but in the end from the ones I knew they used only the technical's. Fundamentals lag the price so we will miss part of the move... then again we might be caught on the wrong side... there is no right or wrong it is all in how a trader feels comfortable to make money...the only wrong in my opinion is 100% fundamental trading, you will get killed on the turns....
Soon, by next Monday I will have to find a way to work the journal cause I am starting to trade for a fund.... maybe I will post in the end of the week.... I will see cause I will be concentrating on the live account... so in my free time I will be posting...
Did someone hire you from ET after reading this journal?
If you are willing to share, what is the AUM?