Tradex Forex Journal

[Tradex]

NZD/CHF just broke the 8:50 AM intraday low (New York time). This was immediately followed but the usual price reaction to the upside (the last bulls are still fighting for their turf I guess).

Short NZD/CHF at 0.6185, 22 pip stop.

 

[newwurldmn]

Because the 2nd signal was generated more than 9 hours later, for a start!

If you have a buy signal on EUR/USD and 3 months later you have a buy signal on USD/JPY, while the first trade is still open, do you dump the EUR/USD position, ignore the USD/JPY signal and buy EUR/JPY instead, even though there is no trading signal on EUR/JPY?

What's the matter with you?

Think man, think!

My problem is that I know how to trade.

Your problem is that you aren’t thinking.

Think man, think!

 

[Tradex]

Long EUR/CAD at 1.5215, 33 pip stop.

 

[Tradex]

My problem is that I know how to trade.

Your problem is that you aren’t thinking.

Think man, think!

I am warning you, I won't tolerate any other BS in this thread, trading is hard enough as it is without having to deal with all this trolling activity.

Open your own Forex trading journal, show us how things are done and how good you are, or shut the hell up!

 

[Tradex]

The summer, always the worst period to trade the Forex.

 

[Tradex]

Short NZD/CHF at 0.6185, 22 pip stop.

Out at 0.6195, 10 pip loss.

A false breakout of the high/low of the day during the Asian session is deadly, as the market will quickly go the other way...
Never argue with the market.

 

[Onra]

Plus the spread could widen 20 or 30 pips during the 5 PM rollover and hit the stop.

Didn't know it could be that much...

 

[newwurldmn]

I am warning you, I won't tolerate any other BS in this thread, trading is hard enough as it is without having to deal with all this trolling activity.

Open your own Forex trading journal, show us how things are done and how good you are, or shut the hell up!

I haven’t traded forex in years. But I opine on things I don’t engage in actively. I learned that from someone in this thread.

 

[Tradex]

Long EUR/CAD at 1.5215, 33 pip stop.

The EUR/CAD hit the stop at that exact price (33 pips below the buy point, to the pip) and THEN it immediately went the right way (more than 50 pips higher).

This is of course the most frustrating experience, when the market triggers your stop (to the pip or the tick!) and then moves in the expected direction.

Note that I could have lied to you. I could have said that the price never reached that level (using some cherry-picked chart from some conveniently selected Forex broker) but I simply do not work that way.

Here are the trading results since the beginning:
EUR/CAD: Breakeven
CAD/CHF: Breakeven
NZD/CHF: -10 pips
EUR/CAD: -33 pips

Total so far: -43 pips.

Alright, back to work now.

 

[deaddog]

There is some kind of unwritten trading law, a subset of Murphy's, that says when you post live trades on an internet forum you will lose until you stop posting.