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Quick Review of my First Trade; Short EUR/AUD

Currency Pair: EUR/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.44607
Close Price: 1.441732
PnL: +43 pips Profit
Open date: 01.07.2014 12:48:49
Close Date: 01.07.2014 22:12:19
Reasons Behind the trade: The only reason why I traded this pair was because I wanted to maximize my profits through a more volatile pair. I was bullish the Australian Dollar which at that moment I felt it's going to break up and at the same time this bullishness will be felt across the board on every …
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doctortyby avatar

A trade journal by the book... congratulations... I'm courious how you will analyze 50 scalping trades in a day :P

Daytrader21 avatar

doctortyby 50 trades/day WOW:)........never done that:)......I like to swing the big waves:).......Thanks

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Perhaps the is a very profitable trade wiyh GBP/JPY

Yesterday the GBP/JPY broke a resistance level at 169.70.The initial up movement was then stopped loking like a fake out.But the former resistance level became a support ( role reversal level ) holding nicely the price,look at 1 hour timeframe.The next bullish movement seems strong enough to get a very nice profit,remember this pair is like a Ferrari
My suggested trade is to enter at 170,30 when yesterday 's high is broken,place your stop loss below the role reversal level,169.50,and take pr…
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