My Journal- My Journey to Learn Price Actions

[damntrader]

Got Drawdown in my ECN Pro Account
but no problem. OverAll i am still in profit T_T

Spoiler: EURJPY

Sell EURJPY
Reason : Price / buyer, are not too dominant and can't maintain their power above EMA 12

SL Scalping
TP longterm

 

[damntrader]

Still hold my Sell EURJPY, move EURJPY stoploss into trailing stop mode
Sell EURGBP , because at M5 , candle broke out the EMA 12,and met major resistance. put 10.0 pips stoploss,

got good spreads on EURGBP, 0.6-0.7 pips for EURGBP , not bad for cross pair

Spoiler

today we have EURO Zone news, perhaps this news could help my trade

 

[damntrader]

Finally i got Margin Call
Well redeposit my account and looking for signals with another trading instrument provided by my Broker,and i decided to trade the indices
After tried their demo to find out how much margin used for any indices
i decided to trade the US500 index (SPX500 index)

Reason :
1.M pattern
2.Engulfing
3.Their spreads looks lower than another index (40 pips, i think its like 4 pips in forex)

Sell 1 @ 1917.20
sell 2 @1906.20
Trailing Stop loss @ 1911.20
My worst scenario : i think am only reach BEP

Spoiler

 

[damntrader]

I hope NZDUSD can break the upper triangle formed in daily timeframe.

opened NZDUSD trades, got tight spreads, with tight pair movement
-_-

Spoiler

 

[damntrader]

today I have a lot of work to do and only now I have time to update my journal
And today , we only have one important USD news

today i do some multiple entries



Buy HK50 (Hanseng )
Reasojn : engulfing on m15

Spoiler

Indices trading have different sensation, although the spreads are small, but we can quickly experience a plus or minus in one single moves
Closed profit +40$

and after that i bought GBPUSD and sold EURGBP

Spoiler

Got tight spread , and closed by my trailing stop

And i now i try another trading instruments provide by Tickmill, which is JPY225 (Nikkei)and EURJPY
Reason : engulfing on MA

Spoiler

 

[damntrader]

Sell EURGBP
god, I hate this Inverted Cup and handle Pattern.

Spoiler

Example of Cup and handle Pattern in WTI/CL

Spoiler

looking this WTI, makes me wanna open a trade, because my broker uses fixed 1 lot , and 1 lot = 0.01$ / pips which means i trade WTI with cent account

 

[damntrader]

Try To buy NZDCHF

Finaly i am back trading forex, because indices trading is very painful.
For smallest lot in my broker, smallest used margin is in JP225 , it is around $14-$15. not to mention, index have very wild movement.
need bigger balance sigh
and looks like they applied 1:100 leverage in all indices instrument

Spoiler

Reason, hammer on MA with counter sell if it become invalid

 

[damntrader]

Try To buy NZDCHF

Finaly i am back trading forex, because indices trading is very painful.
For smallest lot in my broker, smallest used margin is in JP225 , it is around $14-$15. not to mention, index have very wild movement.
need bigger balance sigh
and looks like they applied 1:100 leverage in all indices instrument

Spoiler

Reason, hammer on MA with counter sell if it become invalid

 

[damntrader]

Sell GBPCHF
very sexy
reason : RSI on 60 area, RSI Abnormal, and still in channel area

Spoiler

i hope it is valid
moga2 valid
got good spreads , 2.0 pips for GBPCHF

 

[damntrader]

Finally got margin called
and based on FXBlue statement
My total deposit/WD in Tickmill via skrill or fasapay are :
Deposit : $178.37
WD : $221.34
WD - Deposit = $42,97

so with my total net WD , i can say, i am still losing my money.
But no problem.
I cosider this as my learning experience .
and i learned in hard way, in the next trades, i better do not touch indices , because if i trade with minimum amount i better trade WTI because even WTI used margin is relatively big because it is using 1:100 leverage, but WTI smallest lot is cent pips . so it is better for money management

This journal will be my documentary repot so i can study my mistakes and become a better trader in near futures

and like arnold said in terminator.

" I'll be back"

The End of Part 1