Admin Trading Journal Oanda

I sold USDCHF earlier today. I have been expecting weakness in the Dollar which I have been posting about for a little while already. There was also a trend line on the H4 that had failed and been retested. When this happens, it is a great signal to sell. 

I closed this trade manually after I saw a lot of profit had been made already, but I should have left it open because USDCHF fell harder and sooner than I expected. I like to close out and reenter trades after bullish retracements, but that didn't work out this time. It just fell and kept falling.

Total profit = +$170.61

Some more of my USDCAD trades have been closed out earlier today because of the big fall in USD. I have been expecting USDCAD to fall hard and have posted about this before. 

One of these trades is from last week and the other ones are simply reentries after there was a bullish retracement. For example, there was a trend line on the H4 that was acting as support and which failed. Price moved back up to this line and I made another sell trade. TP's were set at nice round numbers or support levels.

If there is a bullish movement again, I will most likely be selling this again. This is a long-term trading opportunity and it has more room to fall. So I can profit over and over again until it falls to a good level.

Total profit = +$272.87

I sold EURUSD again for some quick profit. The reason is because of the same trend line I posted about before. Price retraced back near this line and met resistance where the price dumped at before. Also, I noticed on other major EUR denominated pairs, they were falling already. So I thought EURUSD would soon follow.

Total profit = +$82.79

I closed out a lot of USD based sell trades since my last post. I am bearish on the Dollar on a few symbols such as USDCAD, USDTRY, and USDCHF. I have posted before about USDCAD and USDTRY in both the technical sections and my trading journal, but for USDCHF see the attachment.

These are long-term trading outlooks. So I will keep selling and closing for profit over and over again as the market moves down and then up again. Until the price finally reaches a good level and I am no longer bearish. For example, trade #'s 94724491 and 94737684 were both entered near the 108 level and hit TP at the 107.80 level. So the market came down and hit TP and then reversed back up. Then I entered a similar sell trade and that also hit TP. I currently have another similar trade open too which has not closed yet. So I keep doing this over and over again as the market moves up and down.

Total profit = +$654.26

can I see your (investor) account on Oanda.

Sorry, but no. There are trade copiers out there which could copy the trades from the investor account to someone's real account. I would not want to be considered responsible for anyone's losses. I can be a dangerous trader sometimes. 

Also, we are all adults and responsible for our own actions, but here in the USA adults are treated like children sometimes. We are supposed to be registered with the NFA in order to do things like execute trades for people and give trading advice. It might bring me legal trouble considering my position here at the forum. It's not worth the risk to me.

Some more of my USD-based trades have closed. USDJPY and USDCHF both went higher which allowed me to enter some more trades. I have been bearish on the Dollar recently, as I have posted about before. My trades were either manually closed after I saw enough profit had been made or TP's at nice round numbers and/or support levels were hit. 

Some of the trades were simply reentries of trades I have made before too. For example, USDJPY keeps bouncing up and down over and over again. As trades hit TP, I will set a new pending order with a similar entry price and TP as the trade that closed.

Regarding USDTRY, I closed these manually because price had already fallen a lot and I was expecting a bullish reversal. This is exactly what happened. Even though I took a loss on these trades, I will make more by waiting for the reversal and reentering at a higher price. See the attached chart. There is a current trade setup at the time of this post. USDTRY is at resistance from above. Also, it had broken support and is retesting another trend line. This is in agreement with my long-term bearish outlook for USDTRY too. So price should fall and I am selling.

Total profit = +$292.01

I sold EURJPY for some quick profit. There was a trend line on the H1 that was broke and confirmed. Price was stalling at the line which was now acting as resistance. TP was simply set at a near support level.

Total profit = +$214.72