The apprentices second journal.

Sep 16, 2010
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#1
Hey, if anyone is actually reading this i did have journal but i decided i need a new one. My last journal was unsuccessful in terms of trading, and this could probably be equally as sh@t.

But i think I've come along way since the last Journal and now i have a lot more time on my hands..

i trade only 5k lots, im no bigshot.. yet :cool:

Nah all honestly i do trade better, hopefully i can put some results on the board.

Cheers.
 
Sep 16, 2010
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#5
EUR/USD short closed @ 1.37606 + 22.6pts

closed out after it reached resistance, did see the point in the extra risk reaching for 1.3800 area and with US consumer confidence out later today i decided to close out the position.
 

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Sep 16, 2010
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#6
Short EUR/USD @ 1.37378

Though as I'm writing, I'm starting to think i just might have jumped the gun on this short. Will see how it plays out.

Stop: 1.37680
Taregt: 1:3700ish
 

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Sep 16, 2010
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#7
EUR/USD is starting to come off a little currently 11pts. If it the euro continues to fall i will be looking to short EUR/NZD if it can break the 2 day low.

Just have to wait a see what the market does.
 

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Likes: China Diapers
Sep 16, 2010
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#8
Moved EUR/USD to BE - rejecting lower prices could swing back.


EDIT:

Closed out EUR/USD short+14

I probably should have let it run longer but i decided to close out because of previous price action had rejected that area. Writing this now i think i should have probably waited it out. Worst thing that could of happened would have been break even.

EDIT: its continuing fall..40pts so far, i will learn from it.
 

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Sep 16, 2010
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#9
EUR/NZD
short was triggered a few hows ago its been up and down a little above my entry but about -15p or so now but im still happy with it

Short: 1.64545
Stop: 1.65204
Target: 1.6390ish



EUR/USD

Broke out of range and retesting previous support turned resistance.
Thought i would get in there at that level, think its still quite bearish and SSI has something like 3.9short to 1 trader long. I've got a 50p stop on that bad bay incase it wants to move around a bit.

Short: 1.36822
Stop: 1.37300
Target: well she's got legs to strecth all the way down to 1:3560 if it really wants to

Its my birthday too, so i imagine these trades will go horribly just to spite me. :party:
 

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Sep 16, 2010
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#10
NZD/EUR moved to BE - its around +30p at the moment

EUR/USD - is up around +10p, no stop change

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NZD/EUR short closed @ 1.63913 +63.2p
Hit traget area.

EUR/USD - is up around +29
 

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Sep 16, 2010
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#11
Moved EUR/USD short to BE due to euro unemployment change due in a few mins

G 6.8% , no change

EUR/USD stop moved back up a litttle to 1.3707
 
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Sep 16, 2010
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#14
EUR/USD stop moved to BE, currently up 32p. Target order at 1.36000.

Im going to see the light of day.

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EUR/USD short closed @ 1.36596 + 22.6p

Hourly candle bar closed high. Will be looking for re-entry
 

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