Long E/U @ 1.3270 Reasoning = 4H market flow is up. Bullish currency divergence Only slight divergence so I'm using a 30 pip stop and 20 pip TP. View chart below to see divergence Moved stop to BE and got stopped out ------------------------------ ...

2012 Trading Journal

Entered long E/U @ 1.3212 TP was supposed to be 1.3233 but for whatever reason when price went up to that level oanda did not trigger the exit. Luckily the break even ea got me out for no loss. It has saved me two times this week. Once yesterday and ...

2012 Trading Journal

Entered long E/U 1.3076 15 min divergence, support level unwilling to be broken, G/U unwilling to make lower lows. Closed both orders for about 1 pip. As price rapidly headed to my entry level after having traded up rather quickly. Might stay out of ...

2012 Trading Journal

Finally got another $200 deposited. Paypal took forever to transfer funds from my bank account to paypal account. Normally it only takes 3 days. This time it took 6! The good news is Oanda really does a great job at keeping up with their deposits. ...

2012 Trading Journal

As you can see for the time being the double top has proved true. Price reversed rather quickly (those are 15M candles). Glad I got out near the top.

2012 Trading Journal

Decided to enter only G/U this time because I can see clear support and resistance levels. Because E/U has made lower long term lows those levels are more subjective. Using G/U recent price action it's fairly clear where price may reverse from. We ...

2012 Trading Journal

E/U and G/U both have descending triangles clearly forming on the 15M TF. Expecting a bounce up after possible break below the recent lows.

2012 Trading Journal

Something you don't normally see G/U going up while E/U trades down. Looks like something big is about to happen. Then again it could just be all this EUR news. Lets just wait and see. No new highs for G/U still holding the short position. Blue= ...

2012 Trading Journal

I have this bad habit of wanting to jump right into the market without any confirmation of what might happen. Because of that yesterday I lost nearly 4% of the account. Here is a little bit of what I've been studding. The head and shoulders pattern ...

2012 Trading Journal

Entered both E/U and G/U at resistance and cross currency divergence. G/U making high high while E/U make lower high. Still trying to figure out if 15 min is to short a TF to pick divergence with. We'll find out. Closed orders for about 1.5% profit. ...

2012 Trading Journal

Weekly recap put things in perspective last week so here we are with another. Weekly recap: 2 losses both under 1% 9 profitable trades ranging from 0.3 to over 1% return. That brings the account to +3.7 for the month! YAY! Over all draw down for the ...

2012 Trading Journal

Selling E/U and G/U expecting at least a retrace into the short term uptrend reason = correlated pair divergence. 2 lots each G/U Entry - 1.5813 E/U Entry - 1.3231 TP 1 @ 20 pips Closed both trades because I didn't like the unbalance between E/U and ...

2012 Trading Journal

Yesterdays trade brought the account to positive standing for this month and I think last month as well. At the moment I am still down about 11% for the year. I had some rather large losses trying to scalp in January. <- Obviously wasn't a good ...

2012 Trading Journal

Today ends with +1.8% I wasn't so sure about the cross currency divergence after a few hours of waiting. It took till Asia open to get to +15 pips. This went against my rules to begin with since it was a counter trend trade. Glad all this studying ...

2012 Trading Journal

Scalped a few pips out of the market this morning. Looks like the meat of the move was london to NY open so I'll be sitting on the sidelines unless a really nice setup forms. Happy trading everyone. Well We have cross currency divergence E/U making ...

2012 Trading Journal

I'm expecting Friday's NY session range to hold as resistance. Entry at 1.2019 Moved stop from 30 pips to 1.3236 (swing high for the day so far) for 16 pips risk. TP set for +20 pips Stop hit: Had the chance to close for +1.5% and didn't this is my ...

2012 Trading Journal

Daily bias is still up most recent fractal low has not been broken. 4H Trend down Price is a key resistance level and about 40 pips under that a support level. These levels held through Sunday and today's London open. Since I trade in the direction ...

2012 Trading Journal

Weekly Recap — This week went fairly well, even if it didn't end profitable (-0.1%). Compared to previous weeks this one has been an improvement. So What went wrong? Negative Did not follow max risk percentage Did not wait for optimal trade ...

2012 Trading Journal

Lets recap this mornings trade. Entered trade @ 1.3437 anticipating a move up continuing the previous uptrend. Not taking into account (at first) today was the last day of the month. Profit target @ 1.3457 Price traded roughly 10 pips above this and ...

2012 Trading Journal

Here is the divergence with USDX I was talking about earlier. Price traded to the resistance level shown then continued to resume the downward move. Lets see if it continues.

2012 Trading Journal