Forex Journal 000004 EURUSD

Trade

Entry:

          

Date: 16/8/2013 1:01 GMT+7 (Bangkok)

Chart: H4

Type: BUY

Size: 0.02

Symbol: EURUSD

Price: 1.33396

Risk: 5%

Reason for trade/Setup:

On H4 chart showed range market. From the indicator the price was going up to the resistant line. There was morning star showed up on M5 chat.

Initial stop: 1.33296

Initial target: 1.33596 (award ratio 1:2)

Result

Exit:

Date: 16/8/2013 2:09 GMT+7 (Bangkok)

Price: 1.33596

Profit/Loss: 20.0 pips (4.00 USD)

Outcome:
The price was going up as predicted then hit the Take Profit line.

EURUSD H4

Forex Journal 000003 USDCHF

Trade

Entry:

          

Date: 16/8/2013 01:21 GMT+7 (Bangkok)

Chart: H4

Type: SELL

Size: 0.02

Symbol: USDCHF

Price: 0.92593

Risk: 5%

Reason for trade/Setup:

The graph declined, when it made to the last high then dropped. I see the potential of going short. Then looking on M5 the graph formed evening start. USDCHF price is often going in the opposite direction to EURUSD that this trade is going up on my open position.

Initial stop: 0.92693

Initial target: 0.92393 (award ratio 1:2)

Result

Exit:

Date: 16/8/2013 01:27 GMT+7 (Bangkok)

Price: 0.92693

Profit/Loss: 10.0 pips (-2.16 USD)

Outcome:

After enter the trade the graph swung up a bit higher then the last highest wick then seem to go down. I put Stop Lost a bit lower than the last highest wick. It was a really quick trade then the price hit Stop Lost. The price then seemed to go down. I should make a wider Stop Lost.

Forex Journal 000002 USDJPY

Trade

Entry:

          

Date: 15/8/2013 23:30 GMT+7 (Bangkok)

Chart: H4

Type: BUY

Size: 0.02

Symbol: USDJPY

Price: 97.944

Risk: 5%

Reason for trade/Setup:

H4 chart showed the bear trend line. After making a new lower high the market supposed to go down. MACD pointed down on M5 chart.

Initial stop: 98.044

Initial target: 97.744 (award ratio 1:2)

Result

Exit:

Date: 16/8/2013 00:04 GMT+7 (Bangkok)

Price: 97.744

Profit/Loss: 20.0 pips (4.09 USD)

Outcome:

After entered the trade, the price going up almost to hit Stop Lost, then swing down as expected hit the Take profit.

H4 Chart

M5 Chart

Forex Journal 000001 USDCAD

Trade

Entry:

          

Date: 15/8/2013 13:59 GMT+7 (Bangkok)

Chart: M30

Type: SELL

Size: 0.02

Symbol: USDCAD

Price: 1.03124

Risk: 5%

Reason for trade/Setup:

The price reach the last low and have possibility to make a new low. According to the SMA 200 is declined shows the overbought, also MACD points down.

Initial stop: 1.03224 (just above last high)

Initial target: 1.02924 (award ratio 1:2)

Result

Exit:

Date: 15/8/2013 17:35 GMT+7 (Bangkok)

Price: 1.03224

Profit/Loss: -10.0 pips (-1.94 USD)

Outcome:

The price going down like the prediction, but at 17:00 GMT+7 it spiked up, no fundamental news announced, then hit the Stop Lost at 17:35 GMT+7 and break the trend line and rally up.