FxAndMe.com http://www.fxandme.com My Forex Trading Journal Sun, 02 Oct 2011 13:21:36 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 Back again http://feedproxy.google.com/~r/Fxandme/~3/Yybwxgrx9Vg/ http://www.fxandme.com/2011/10/back-again/#comments Sun, 02 Oct 2011 13:21:36 +0000 Fxtrader http://www.fxandme.com/?p=120 Hey … did you guys miss me ;-) . So much for the family commitment that had to take a break for sometime. I am back and October 2011 will be marked as a month of new beginning. No no I am not going to start fresh but going to continue from where I left.The last few trades in my account were a result of haste, revenge with the market and trying to trade the news. As usual all turned out negative and turned my account also negative.

Anyways past is past and I am here again going to start again.

Keep following :-)

]]> http://www.fxandme.com/2011/10/back-again/feed/ 0 http://www.fxandme.com/2011/10/back-again/ EUR/USD unlucky third time. Trade taken and stopped out http://feedproxy.google.com/~r/Fxandme/~3/O_wmcAJjfW0/ http://www.fxandme.com/2011/08/eurusd-unlucky-third-time-trade-taken-and-stopped-out/#comments Tue, 09 Aug 2011 17:18:12 +0000 Fxtrader http://www.fxandme.com/2011/08/eurusd-unlucky-third-time-trade-taken-and-stopped-out/ Seems like there is no luck for me trading EUR/USD . It’s third time price hit the stop and rushed the opposite way. This time price hit the stop and moved just 8pips and immediately reversed. I took the trade based on the 4HR inside bar. I entered long before the 4HR bar closed and ended up paying the price. However, there is a triangle consolidation taking place and hope the price is sooner or later going to break the range. Here is how it went.

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Trading Result: Bought EURUSD at 1.4240 with STOP at 1.4190. Stopped out with overall loss of 1%.

]]> http://www.fxandme.com/2011/08/eurusd-unlucky-third-time-trade-taken-and-stopped-out/feed/ 0 http://www.fxandme.com/2011/08/eurusd-unlucky-third-time-trade-taken-and-stopped-out/ AUD/USD trade taken and closed with small loss http://feedproxy.google.com/~r/Fxandme/~3/c-jJtyxiht0/ http://www.fxandme.com/2011/08/audusd-trade-taken-and-closed-with-small-loss/#comments Tue, 09 Aug 2011 17:00:37 +0000 Fxtrader http://www.fxandme.com/2011/08/audusd-trade-taken-and-closed-with-small-loss/ AUDUSD retreated sharply nearly 200pips from its lows of .9925 and it end up forming a pin bar. I thought of taking the trade and finally pulled the trigger. The price fired up nearly 100 pips during the 4HR bar but got rejected at 1.0250 and retreated to the opening price. In the process it formed a pin bar to the opposite side. I was trading against the bearish trend of the pair so I ended up closing it manually.

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Trading result: Bought AUDUSD at 1.0135. Closed manually with total loss of .18%.

]]> http://www.fxandme.com/2011/08/audusd-trade-taken-and-closed-with-small-loss/feed/ 0 http://www.fxandme.com/2011/08/audusd-trade-taken-and-closed-with-small-loss/ AUD/USD 4Hr inside bar Trade hit profit target http://feedproxy.google.com/~r/Fxandme/~3/fsGo3EXFN3Q/ http://www.fxandme.com/2011/08/audusd-4hr-inside-bar-trade-hit-profit-target/#comments Thu, 04 Aug 2011 17:29:25 +0000 Fxtrader http://www.fxandme.com/2011/08/audusd-4hr-inside-bar-trade-hit-profit-target/ image

It was a good day. Even though many might feel that I missed a big move and just took little out of it, but still till I am in green I am satisfied Smile .

Also, I missed previous inside bar around 1.0914 , which actually had given a big reward. But as said there is always a next time in Forex and here is a live example. I got filled after the close of 4hr candle at 1.0655. I took it as a half position trade and set my Take profit at 1.0580 due to a big support around 1.0560 and the price did bounce around 60+ pips after hitting 1.0560. But the bear momentum took the support off in next candle.

Anyways I walked off with a nice 1%+ profit and the trade did erase the EUR/USD loss today.

Trading Result : Entered short at 1.0656 with stop loss at 1.0710 and Take profit 1.0580. Take Profit hit and total gain of 1.27%.

]]> http://www.fxandme.com/2011/08/audusd-4hr-inside-bar-trade-hit-profit-target/feed/ 0 http://www.fxandme.com/2011/08/audusd-4hr-inside-bar-trade-hit-profit-target/ Update 04/08/2011 : Descending channel on EUR/USD . Entered little late http://feedproxy.google.com/~r/Fxandme/~3/UREmVGnfpkI/ http://www.fxandme.com/2011/08/descending-channel-on-eurusd-entered-little-late/#comments Thu, 04 Aug 2011 15:47:00 +0000 Fxtrader http://www.fxandme.com/2011/08/descending-channel-on-eurusd-entered-little-late/ image

History repeated itself, it was a similar situation like my previous EURUSD trade where the price touched the stop and reversed. There was a false break of the channel towards the upside the price immediately reversed and fell nearly 200 pips during the day. It was a highly volatile day with big upper and lower shadows. Anyways as it was not a big loss and it didn’t completely wipe out my profit from the GBPUSD trade.

Trading result : Sold EUR/USD at market at 1.4287, SL at 1.4350 and Take profit at 1.4180. Stopped out at 1.4250. loss 1.07%.

Date : 3/08/2011

While I was checking the charts at 4hour candle close, I noticed an excellent descending channel on EUR/USD pair. While I was watching EU falling like a rock, I finally pulled the triggered. I know I was little late, but what if the trade goes my way. Also, EURUSD is getting an aggressive sell off ( almost 50 pips off daily highs ) GBPUSD is still holding really well.

Here is the chart for the trade :

image

I am taking it as a half position trade as its against the current momentum. I have placed my stop just above the channel high.

Trade Idea: Sold EUR/USD at market at 1.4287, SL at 1.4350 and Take profit at 1.4180.

]]> http://www.fxandme.com/2011/08/descending-channel-on-eurusd-entered-little-late/feed/ 0 http://www.fxandme.com/2011/08/descending-channel-on-eurusd-entered-little-late/ GBP/USD trade taken and closed. Account back in green !! http://feedproxy.google.com/~r/Fxandme/~3/kpcI-kUxIj4/ http://www.fxandme.com/2011/08/gbpusd-trade-taken-and-closed-account-back-in-green/#comments Wed, 03 Aug 2011 14:19:37 +0000 Fxtrader http://www.fxandme.com/2011/08/gbpusd-trade-taken-and-closed-account-back-in-green/ A new day and it has come with lot of positivity. I had an eye on GPB/USD pair as it was the pair which was just stagnant and did not move at all. There was no follow through on selling and the pair ended up bottoming out at 1.6225. Moreover the pair formed a pin bar on daily and 4 hour chart. The price clearly got rejected at 1.6225 which has previously acted as a good support. All this pointed towards  price break towards the upside. I just played it like a classic pin bar setup , and just place a pending buy order at 1.6265. And while I was sleeping, the trade got filled up and with UK PMI coming positive, the pair rallied nearly 150pips, and I got out with 120 pips with more than 2 times the reward for the money risked.

Here is the snapshot

image

We can clearly see at pin bar at the above 4 HR chart. The same can be seen at Daily chart below

image

I manually closed the trade at 1.6485 as I got little impatient.

Trading Result: Bought GBPUSD at 1.6265 with initial stop at 1.6210. Closed manually at 1.6385 with 120 pips and gain of 4.43%

PS: I closed the limit order of AUD/USD pair ( glad I did Smile ) after noticing a huge bear momentum in 4 hr and daily chart.

PS: Wish I hade gone by my gut feeling and bought EUR/USD as pointed out in yesterdays trade. Anyways there is always a next time.

]]> http://www.fxandme.com/2011/08/gbpusd-trade-taken-and-closed-account-back-in-green/feed/ 0 http://www.fxandme.com/2011/08/gbpusd-trade-taken-and-closed-account-back-in-green/ Rough first day !! EUR/USD trade taken and stopped out http://feedproxy.google.com/~r/Fxandme/~3/Vhwq3H1lkWE/ http://www.fxandme.com/2011/08/rough-first-day-eurusd-trade-taken-and-stopped-out/#comments Tue, 02 Aug 2011 16:15:00 +0000 Fxtrader http://www.fxandme.com/2011/08/rough-first-day-eurusd-trade-taken-and-stopped-out/ Woahh !! what a volatile day with crazy price action. The price just filled the limit order, touched the stop loss and immediately reversed. Even guys at forexlive does not have any idea what was the result of this rise and fall.

However, I got little impatient during london session and opened up a half position trade selling EU at market price. Both the trade stopped out at 1.4280. Price touched 1.4281 and quickly reversed to 1.4190. With USD losing strength I think its time to change side and buy the Euro.

Here is how todays trade went up :

EUR/USD 2nd August

 

 

 

 

 

 

 

 

 

There is always a lesson learnt from every trade. Its time to move with the next setup. I have a pending order on AUD/USD.

Trade Result: Sold EU at 1.4191 and 1.4240. Both positions stopped out at 1.4280. Total loss 2.9%.

]]> http://www.fxandme.com/2011/08/rough-first-day-eurusd-trade-taken-and-stopped-out/feed/ 0 http://www.fxandme.com/2011/08/rough-first-day-eurusd-trade-taken-and-stopped-out/ FxAndMe.com http://feedproxy.google.com/~r/Fxandme/~3/ioegc2EjIfU/ http://www.fxandme.com/2011/07/fxandme/#comments Mon, 25 Jul 2011 17:21:57 +0000 Fxtrader http://www.fxandme.com/?p=14 This is the first post at FxandMe.com. This is going to be my trading journal where I will be trading a demo account . I will try to double the account and will continue the same with two more demo accounts. I will only go on LIVE account after doubling three demo accounts.

You can read more about this at the ABOUT page. So wish me best of luck and Happy trading everyone.

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