Startup trading.

[reversalTrader]

This will be my startup trading journal i opened a small acount funded with 300$ only, since i am just beginner i dont want to loose a lot of money . I did some studies and developed a small system i have been demoing for some time and now decided to start a live acount and will post my trades here, please just don't expect great results just want to stay in discpline and learn so i can start with more money as i get better.
thank you.

all my lots are micro
----------------------------

first trade is

usdcad
i am going long usdcad here @ 1.1640 stop 1.1615 takeprofit is open for 2 lots .

usdchf . i am waiting for 1.2480 resistance and will see from there it's route.
[sorry it must be 1.2380 not 1.2480]

 

[reversalTrader]

decided to go long for usdchf although has not met the resistance i was looking for
long at 1.2345
sl 1.2315
tp 1.2400.

 

[reversalTrader]

changed tp's for usdchf i am keeping it open the sl is same 1.2315 expecting challenge break of 1.2450 for usdchf this week .

 

[reversalTrader]

signal generated for euro i am selling 2 lots here
p.s all lots are micro

sold euro 1.3145
sl 1.3165
tp 1.3090

 

[tomhunter]

good luck

 

[reversalTrader]

hey thanks .. trend does seem up!

 

[reversalTrader]

and this is last short of the series sold audusd 0.7866 sl 0.7889 takeprofit 0.7830

2 usdcad long
1 usdchf long
2 eurusd short
1 audusd short

six lots open

 

[reversalTrader]

stopped on eurusd and usdchf
lost 3 lots with
eur 40 pip loss = -$4.00
chf loss 30 = -$2.40
current balance = 315 - 6.40 = $308
audusd and uscad in hand,

 

[reversalTrader]

going long usdcf @ 1.2332 stop 1.2305 tp @ open lot 1

 

[reversalTrader]

closed audusd @0.7852 +14 pips

 

[reversalTrader]

stop for usdchf @ breakeven 1.2332

 

[reversalTrader]

lots of resistance @ 1.2380 my said resistance i am moving my stop @ 1.2350

 

[reversalTrader]

brought it back to b.e 1.2332 might not be a good idea but i am expecting a break higher

 

[reversalTrader]

closed 1 lot usdcad @ 1.1653 for +13

have now 1 lot usdchf and 1 lot usdcad

 

[reversalTrader]

closed my usdchf lot @ 1.2359 +27 pips

have just usdcad 1 lot open

 

[reversalTrader]

i am rebuying usdchf @ 1.2370 stop will be 1.2350 tp open

 

[Atilla]

i am rebuying usdchf @ 1.2370 stop will be 1.2350 tp open

Hi reversalTrader,

You need to be aware most traders will put their stop loss at 1.2350...

You should put it always around 5% below or above the obvious place. Market makers know this and they can see where orders are placed.

Markets are manipulated to blow these positions out.

My advice to you is to place your orders higher or lower than you think as prescribed to you by text books for support and resistance levels.

Also, CHF announced better than expected trade balance.


Time (NYT) Loc Description Fcst Prev ACTUAL
2/20 02:00 E-12 German January Producer Prices y/y 3.3% 4.4%
2/20 02:00 E-12 German January Producer Prices m/m 0.1% 0.0%
2/20 02:00 E-12 German January Producer Prices y/y 3.3% 4.4%
2/20 02:15 CHF Swiss January Trade Balance 0.80 billion 0.41 billion 1.271 bln
2/20 07:00 Canada January CPI y/y 1.1% 1.6%
2/20 07:00 Canada Bank of Canada Core CPI y/y 2.1% 2.0%
2/20 07:00 Canada Bank of Canada Core CPI m/m 0.1% -0.2%
2/20 07:00 Canada January CPI m/m 0.1% 0.2%
2/20 18:00 Australia RBA Governor Stevens Testifies to Parliamentary Committee
2/21 00:00 Japan BOJ Target Rate 0.25% 0.25%
2/21 04:00 E-12 Eurozone December Current Account -1.0 billion euros -2.0 billion euros
2/21 04:30 UK Bank of England Minutes
2/21 08:30 US January core CPI y/y 2.6% 2.6%
2/21 08:30 US January CPI y/y 1.9% 2.5%

As always please don't change your calls based on my comments.

Regards,

Atilla

 

[reversalTrader]

thank you atilla very much !!.. i think you are right
moved my stop to 1.2335
thanks.

 

[reversalTrader]

i closed my usdcad @ 1.1647 for just +7 pips
leaving the chf lot open

 

[reversalTrader]

have decided to trade just EURUSD-GBPUSD-USDCHF and USDJPY