Forex Trading Journal, May 25 2017
Previous trade
1. USD/CAD
This position that I entered yesterday turned out to be a lost. Accept that lost and continued moving on.
2. GBP/AUD and AUD/USD
Not so beautiful results. Both pairs moved opposite my trade direction due to the Australian dollars' performance, but stop-loss not yet been triggered. But I will do nothing to this two positions. I tried my best to stick to my trading plan, i.e. set and forget. Give them some time for the market to play out. If win, good. If lost, move on.
My open positon on May 25 2017
No new entry today. So my open positions are:
| pairs | positon | entry price | stop loss | take profit | risk reward ratio |
|---|---|---|---|---|---|
| GBP/AUD | long | 1.73282 | 1.72370 | 1.75615 | 1:2.6 |
| AUD/USD | short | 0.74817 | 0.75267 | 0.73515 | 1:2.89 |
P/L since May 24: -1R
I make all my trading decision based on the daily chart. Most of the positions will be entered at the beginning of a new trading day. I am at the UTC+8 timezone.
The charts in this post were captured around 1115 UTC+8, so most of my discussions were based on the second last bar.
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.
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