Sorry I haven't updated my trades!

Last week was a 'not so good' week. I ended up -60 Pips total. I found I was making stupid trades against the longer trend and jumping in too early with the expectation of a reversal.

So this week I fixed all that! I had a total of 13 trades. 6 were winners and 7 were losers.

I ended up + 99.67 Pips!

I'm really happy that I only had 6 winners and 7 losers and still ended up almost +100 Pips. This means that my winners more than make up for the losers. I feel like I'm well on my way to becoming a professional trader! We'll see what next week brings! Have a great weekend!

Well...my GBP/USD trade got stopped out for a loss of 46.4 pips.

However, this morning, my USD/JPY trade was up 53.3 pips so I closed it out.

This puts me at +6.9 pips for both trades.

For the week I am currently at: -38.6 pips.

No new trades yet!

USD/JPY

So I had to try to take advantage of a reversal. The dollar/yen is at a 15 year low. And although all signs point to the dumps for the dollar I just had to put a small trade in to the upside. This one will shape a little bit differently.

Buy USD/JPY: 80.800

Stop Loss: 80.200

Take Profit: I will trail this trade equal to 1/2 the ATR off the daily chart. With a hard stop at 80.200. Can't wait to see what happens!!

Currently in previous posted trade with a profit of 3 pips. Hopefully tonight it gets stopped out in profit!

Last trade got stopped out for a 45.5 pip loss. I ignored the big picture with the Daily chart in an uptrend.

New Trade:

Sell GBP/USD: 1.57286

Stop Loss: 1.57750 (-46.4 pips)

Take Profit: 1.56810 (+47.6 pips)

Daily Chart is in downtrend. Noticing a wedge around 1.56800 level. RSI moving down.

So far this week: -45.5 pips

Sunday, October 24, 9:16 pm

Okay. This will now be my forex trading journal. Here I will post my trades and results. My goal is to make 100 pips per week, making (hopefully) no less than 5 trades per week.

New trade:

Sell EURO/USD: 1.40105
Stop Loss: 1.40560 (-45.5 pips)
Take Profit: 1.39640 (+46.5 pips)

Pair just broke above resistance however it's currently Sunday at 9:17pm. Seeing the trade as a false break. Also met with new resistance. We'll see what happens!