GBP/JPY
This is a 15 minute chart, the trades being executed on a lower time frame. From this view we can see if there was an opportunity to hold a partial position, or re-enter the trade.
These were profitable trades, with the second short moving lower after I closed the trade. Looking back, it was a logical place to consider holding a partial position.
AUD/CAD
This is a 5 minute chart, with a nice move lower after a pullback to the 50-61.8 area
GBY/JPY
This SHORT trade was exited with a couple pips profit, but grinded lower. In this case I second guessed the trade and exited manually, a few pips above my take profit order. Price then moved even lower, before the move ended with a double bottom on the 1 minute chart.
Review: Not managed very well
DXY – Dollar Index
This LONG trade was not filled. Buy limit order missed by a couple of pips. I had it at the round number 100. It then moved up nicely
Review: Not bad. limits are a trade off. A decent trade was called.
GBY/JPY
This LONG trade was stopped out, fairly tight. A lot of potential with a trade like this. A great moved happened a little while later.
Review: Not managed extremely well, however with certain approaches, taking a small stop loss is part of the game. Depending on situation, being ready for that big move after a small stop is important.
EUR/GBP
This LONG trade was filled. Buy stop order with a tight stop. This was extra speculative because I needed the price to run to the target without retracing much at all. This is an hourly chart. The target was reached but before that the tight stop was taken out.
Review: It was a decent idea however the risk/reward wasn’t helping. The drawing was simple, and where the price reached the target, was where I had a potential resistance line drawn
This was a Buy Limit good for +24 pips. Take profit was set higher but we exited on a Friday at around 3pm. It was not planned as a long term trade
This could be called “USD/CAD – Buy Limit with a Stop Loss and Take Profit set, exited manually”
Charts101 Trading 