3 Ducks Demo journal

mentormeplease

Active member
111 0
Short setup on USDCAD
Entered 2 lots at 1.02596
sl 1.0272
tp 1.0233
Price has broken yesterdays low of 1.0263 and this level should offer some resistance for price to reach new lows for today.
 

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mentormeplease

Active member
111 0
Nice setup on the EURGBP as well.
I didn't take it due to the support on daily chart in Nov and Dec 2010 last year and Feb 2011.
As it turned out, it could have been a good trade for a 2:1 RR.
 

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mentormeplease

Active member
111 0
I hope I can continue my journal here as I get an intermittent error when trying to post at times. Something about the IP being blocked. :mad:
 

mentormeplease

Active member
111 0
Buy signal triggered on GBPUSD
Got in on the retracement back to the entry level at 1.56753
Calculated lots incorrectly.
Opened with 2.5 lots when it should have been around 1.1
Closed 1.4 lots when price went into profit. I need to stop being so eager and get my ducks in a row before pulling the trigger. This has to stop.
 

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mentormeplease

Active member
111 0
Target hit (y)
Profit from stuff up with lots = $81
Profit from this trade = 34 pips ($480)
Balance = $6836

Apart from my stuff up with the lot size, this was a well analysed and executed trade. Gonna take the Captains advice and give it a break for a little while. I agree that the holidays are not the best time to be trading.