FX Trading Journal

[dcousins2k4]

after extensive reading of Trader_dante Methods of Trading Pin Bar Setups i will 1st post all my trades (paper) with a short explanation why.
I am doing this with the ultimate aim to trade live.
constructive comments welcome.
dan

 

[dcousins2k4]

the cable chart attached is the 1st trade i took according to the rules (will Post later)
a PIN Bar Formed on the hourly chart, which coincided with a 50% Retracement and also a Resistance level.
is i shorted on the break of this pin @ 1.4517 with a s/l at the top of the pin bar @ 1.4606.
i then exited this trade @ the support level 1.4373.
+141

 

[dcousins2k4]

another pin bar setup on EUR/GBP today which i didnt take as work doesnt always permit me too.
(indicated by Arrow)
Pin bar was not violated to the downside thus when the Market broke through a Long order typically would have exceuted with a s/l at the bottom.
there was Previous support and confluence from a 50% fib level.

 

[dcousins2k4]

For The Rules / Guidelines for the 'pin bar' setups please see the below link
http://www.trade2win.com/boards/first-steps/26947-making-money-trading.html

 

[JRP2891]

Can this not be moved to the journal section mods/dcousins?

Good luck with your trading but i'm all pinned out.

 

[dcousins2k4]

How do i move?

 

[JRP2891]

Hmm not exactly sure, might be one for the mods to do, just keep posting and hopefully someone will shift it over.

 

[dcousins2k4]

Earlier one didnt attach properly for EUR/GBP

 

[dcousins2k4]

A pin formed on the hourly chart on USD/CHF, wherein it also met predefined resistance.
Thus with my Signal Confirmed i shorted slighlty below a break of the pin @ 1.1732 with s/l at 1.7790

 

[dcousins2k4]

Although i can locate any support on this EUR/USD chart, the price has bounced off the hourly lows and is failing to break this level; thus i will buy if it manages to break this period of congestion to the upside. @ 1.2647.

 

[dcousins2k4]

i moved my USD/CHF Stop to BE when the market moved 43pips in my favour as this Market doesnt move much, then got stopped out for +6 , 3 hours later.