Forex Trading Journal, June 8th 2017
I did not update my trading journal for three days, because of no new trades on Monday, Tuesday, and Wednesday.
Previous Trades
EUR/JPY moved downwards on Tuesday, and stop loss triggered, with a loss equivalent to 0.967R.
EUR/JPY, daily, Thursday, 1515 UTC+8
Still holding GBP/USD. The pair has just moved out from a contraction state.
GBP/USD, daily, Thursday, 1515 UTC+8
New Trade: EUR/USD
Long EUR/USD, align with the uptrend since the beginning of this year. The pair still in a contraction state, but there was a downward pull being rejected yesterday. So I place a long order, with a stop loss under the previous bar's low.
EUR/USD, daily, Thursday, 1515 UTC+8
Open Trades
| pairs | positon | entry price | stop loss | take profit | risk reward ratio |
|---|---|---|---|---|---|
| GBP/USD | long | 1.28776 | 1.27951 | 1.30368 | 1:1.92 |
| EUR/USD | long | 1.12532 | 1.11929 | 1.14441 | 1:3.17 |
P/L since May 24th: -0.887
I make all my trading decision based on the daily chart. Most of the positions were entered at the beginning of a new trading day. I am at the UTC+8 timezone.*
I will continue posting and will assign the #ygernforex tag to every trading journals I write in the future. So you may click on this tag to have all my journals. Thank you for reading.*