Dooped - FX Trend Trading

[Dooped]

Right here goes I'm not aiming for perfection, just a record of my trades the good and the bad and we'll see what happens.

Risk: 1%
EURUSD H4
Short @ 1.2414 (28.05.2010 10.13)
Initial Stop @ 1.2510
Trailing 50pt stop

Notes:

Will trigger manual stop on close above trendline. Poor entry on this one would have liked to enter at 1.2450 but as the high was 52 I think we all would have. At time of posting trade already moving against me so I guess I'm starting with the bad.

 

[Dooped]

Out at 1.2363 for +51pts (Trailing Stop)
28.05.10 16.46

 

[Dooped]

Short USDCHF @ 1.1650

Short USDCHF @ 1.1650
Stop @ 1.1750
Trailing 50pt stop
Risk 1%
01/06/2010 - 13:40

 

[Dooped]

Re: Short USDCHF @ 1.1650

Out at 1.1525 for +125pts (Trailing Stop)
01/06/10 15.53

 

[Dooped]

Short USDJPY @ 92.10

Risk: 1%
USDJPY D1
Short @ 92.10 (02.06.2010 17.31)
Initial Stop @ 92.50
Trailing 50pt stop

 

[Dooped]

Re: Short USDJPY @ 92.10

Short USDJPY
Stopped @ 92.52
03.06.2010 08.23
-42pts

Notes:
Jumped the gun on a 4hr trigger candle and a 92.10 entry rather than 92.
Wait for 92 would have invalidated entry trigger after consolidation
Trade negative from entry
Bullish bias on pair with too little confluence for short

 

[Dooped]

Short GBPUSD @ 1.4665

GBPUSD
Risk 1%
Short @ 1.4665
Stop 1.4720
03.06.2010 12.04

Will follow up with chart and reasoning:

4hr chart showing downward trend line with confluence of Fibs: 61.8 & 38.2
1hr chart showing double bar high with lower close, shortly followed by bearish outside bar, followed by inside bar

Entered short on break of inside bar with stop above trend line and top of outside bar.

Don't like 2 touches of TL in short space of time or the fact it's second touch of Fib levels or US news coming up at 1.15 and 1.30.

Will close out early unless I can get to BE with some profit before news.

 

[Dooped]

Re: Short GBPUSD @ 1.4665

Closed @ 1.4670 -5pts
03.06.2010 13.04

Not holding through news

Trade felt like sloppy seconds, didn't like 2nd touches of TL and Fibs. The better trade was at 50% retrace of 0900 1hr candle @ 1.4714 after DBHLC