Forex Zone - Forex Forum

Admin Trading Journal Oanda

Discussion started on Trading Journal

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I closed another USDCAD sell trade since my last post. I closed this one manually after seeing enough profit had been made and I expected a bullish reversal so I could re-enter again. Which is what happened. USDCAD price is currently 1.3319. I am expecting this to dump hard. It is just a matter of time. I currently have more USDCAD sell trades open and am holding them for when this happens.

Total profit = +$78.81
#196 - August 23, 2019, 01:54:04 PM
Attachments:

Admin Trading Journal Oanda in Trading Journal_topic=585

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I sold USDJPY recently. There was a trend line on the H1 that was tested too many times. Price was also at a resistance level from on top. This is a very reliable type of trade in my opinion. TP was simply at next support level.

Total profit = +$38.17
#197 - August 23, 2019, 02:00:45 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I closed some more EURGBP sell trades with Oanda. I have been bearish on EURGBP for a while now. It has fallen hard already so I was looking to get out of these trades sooner and wait for a bullish reversal for possible reentry again. So my TP's were set small for these.

Selling EURGBP does pay a little interest, but I am not including all interest in the below calculation since most of my interest is currently coming from USDTRY sell trades being held.

Total profit = +$67.71
#198 - August 23, 2019, 02:07:45 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I closed out all my USDCAD sell trades. I mentioned in a previous post how I had some trades open and was waiting for a big drop in price. The weekly trend line has broke and price has been falling as I expected. Some of these trades were reentries from previous trades I had closed out for profit. If price goes back up, I will reenter more sells too. This is a good strategy I do for long-term opportunities like this. As price goes up and down over and over again, I can keep profiting over and over again too. Until price finally hits a good level and I am no longer bearish anymore.

Total profit = +$140.92
#199 - August 26, 2019, 06:03:15 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I sold EURGBP some more. I was able to place more trades after some bullish moves up. For example, one trade was made when price tried going back up near a trend line on the H1 chart. I got in at the top and set TP at the next support level. Also, one of the trades was simply a reentry from a previous trade (eg. trade at 0.9090). Another trade I had opened a while ago and held onto it. I was collecting a little interest from it and just waiting. I closed it manually because I see a better opportunity on USDCAD and USDTRY and need the margin.

Total profit = +$336.85
#200 - August 27, 2019, 05:03:34 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I closed out my remaining EURGBP sell trades since I am no longer bearish on this pair. I also could use the margin on better opportunities right now such as selling USDCAD. Overall, I made profit on my EURGBP sell trades though.

Total profit = -$575.38

#201 - August 28, 2019, 02:36:16 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I made some more sell trades on USDCAD. As I mentioned in my previous post, I often reenter trades over and over again as price moves up and down. This is what I did here as well. As shown in the screenshot, some of my trades are the same trades multiple times (eg. entry at 1.3315). Entries were set at resistance points and TP's were simply set at support points. I am very bearish on USDCAD long-term. So I will be placing more sell trades for USDCAD.


Total profit = +$261.55
#202 - August 30, 2019, 01:05:38 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
USDTRY went up a lot recently. I said before that I am still bearish, but that I would only reenter if I saw a big move up. This is what I did. I also posted about why I am bearish USDTRY in the technical section.

The screenshot shows a single trade as hitting TP, but I've been receiving daily interest for holding USDTRY sell trades open which show up daily at 23:00.

Total profit = +$248.95
#203 - September 03, 2019, 11:11:37 AM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I closed out some more USDTRY sell trades. As I expected, USDTRY fell more. One of my trades was closed manually because I wanted to free up some margin for other opportunities and I thought maybe there would be a small move up soon. The other trade hit TP, which was set at a support level.

I am still bearish on USDTRY and will most likely reenter these same trades again if there is a move back up that far.

Total profit = +$154.55
#204 - September 04, 2019, 11:00:28 AM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
There was a good move up in USDCAD which gave me a great chance to sell it again. As I posted about before, I am bearish on USDCAD long-term and it has a long way to fall. I will be selling again if price moves back up to these levels.

Total profit = +$191.18
#205 - September 04, 2019, 11:08:46 AM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I am bullish on EURUSD right now. I have posted about this in the EURUSD Trend Lines section.

Although I am bullish, I am hesitant to buy this and will probably get in and out quick. There are better opportunities right now too.

Total profit = +$117.66

#206 - September 04, 2019, 11:27:23 AM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
USDCAD fell hard earlier today. As a result, my remaining USDCAD sell trades all hit TP. I will be reentering these trades again if price moves back up. I am bearish on USDCAD long-term and this has more to fall later.

Total profit = +$337.64
#207 - September 04, 2019, 04:40:37 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I sold GBPUSD on late last week. I posted about this in the GBPUSD technical section.

This is a long-term trading opportunity. So I set TP at support points or at nice round numbers to secure profit. And then I reenter trades as the market goes back up to the same place later. I will do this over and over again until price falls down to where I am no longer bearish.

Price has gone back up since these trades were closed, so I will be selling GBPUSD some more.

Total profit = +$446.34

#208 - September 09, 2019, 03:35:31 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
Since my last post about USDTRY, price went back up which allowed me to reenter some sell trades again. USDTRY started dumping today even though the Lira's interest rate dropped more than expected. I wanted to get out of these trades faster to free up margin and because it is likely that USDTRY will go back up in the short term after the big drop. There are also better opportunities right now like selling NZDJPY. If USDTRY does have a good move up, I may sell again because I am still bearish on USDTRY long-term.

Total profit = +$187.47

#209 - September 12, 2019, 03:30:05 PM
Attachments:

Administrator
  • Hero Member
  • Posts: 5065
  • Points: 29207
  • Likes Received: 5103
  • Reputation: +220/-14
I am bearish on NZDJPY and sold NZDJPY late last week. I have posted my reason why in the NZDJPY technical section.

I have other sell trades which I will post about later too.

Total profit = +$177.83
#210 - September 16, 2019, 10:26:46 AM
Attachments:

Members:

0 Members and 1 Guest are viewing this topic.