Trading Journal 21st May 2017

 – CURRENTLY NO LIVE FUNDS TRADED –


FOREX AUDUSD

Price Setup on 18th May: Sell Stop @ 0.7406: Stop Loss @ 0.7467

Price on 19th: Low @ 0.74061 – Depending on spreads of dealer, this trade may have been triggered, which later strengthened past my stop loss level.

Assuming this trade was triggered, this would have lost me 61 pips.

The currency still closed below the trend line on Friday and overall the trend is down so I will still be looking to short this currency.

FOREX GBPUSD

Currency closed on Friday with an inside bar formation.

Due to current up trend of the currency and closing above recent possible resistance.

Trading: Buy Stop @ 1.3052 (5 pips above the high of the mother bar – 1 pip plus 4 pip spread) Stop Loss @ 1.2883 (5 pips below the low of the mother bar)

FOREX USDJPY

Currency closed on Friday with an inside bar formation.

Due to current down trend of the currency…

Trading: Sell Stop @ 110.19 (4 pips below the low of the mother bar – 1 pip and 3 pip spread) Stop Loss @ 111.77 (4 pips above the high of the mother bar)

 

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