Admin Trading Journal Oanda

USDJPY: I am still bearish on USDJPY, but I am in draw down still. I have been making more trades the higher it goes and closing for profit. It's only a matter of time until this starts dumping and I can close out all my trades. I think this will happen this coming week.

EURNZD: I closed out my remaining trades for some small profit. This went higher than I expected before falling hard. So I closed out my trades since a bullish reversal is likely soon. And I need the free margin for other trades.


Total profit = +$354.59

USDJPY: I was in draw down waiting for price to drop and made some trades as price went higher. Price has begun dropping hard and I have been closing out trades. I am still bearish on USDJPY and still have sell trades open.

GBPJPY: Price went higher and I sold again and took TP at a simple support level. I am still bearish on GBPJPY and have sell trades open which are in draw down.

USDCHF: There was a trend line on the Daily chart that had been clearly broken and confirmed. Price then started retracing higher to retest this line. Which is a great indication that price will drop. Especially when price retraces for multiple days in a row as in this case. On the H4, price was following an uptrend support line and reached resistance. I closed one of these trades manually and set a small TP because I needed to get out of these trades sooner rather than later to free up some margin. There are better trading opportunities right now like selling NZDJPY.

Total profit = +$645.92

NZDJPY: I am still bearish on NZDJPY and have posted about this in the NZDJPY technical section. There is also an ABCD Harmonic pattern in agreement with my bearish outlook. I have more sell trades currently open too.

EURUSD: Price was at resistance on the Daily TF. I expected price to fall down to at least the trend line in the attached image. On the H1 TF, a trend line was broke and being retested. The line was now acting as resistance and this was a good signal to sell. There was also an ABCD Harmonic pattern on the Daily TF.

USDJPY: I closed these trades early in loss to free up some margin for better trading opportunities.


Total profit = +$79.99 (a lot of profit eaten up by negative finance charges)

NZDJPY: As I mentioned in my last post, I am bearish on this and had sell trades still open. NZDJPY fell hard and all my trades closed in profit. I currently do not have any open, but will reenter if there is a good bullish retracement. 

GBPJPY: I still have sell trades in draw down from before. Price went higher and I entered more sell trades and got out with some good and fast profit. I will most likely enter this again if price retraces up a little more and I have the free margin. This is a risky trade and I am unsure if this will be going up or down in the long-term anymore. I will be holding on to my sell trades for right now.

USDCAD: I am bearish on USDCAD long term and have posted about this in the USDCAD technical section. I currently have more sell trades open since USDCAD went higher after closing these trades.


Total profit = +$1561.80

USDJPY: I entered some sell trades again after price retraced higher again. I even profited off the same movement twice. For example, the trade at 109.22. I am long-term bearish on USDJPY and have some trades still open.

NZDJPY: As I said in my previous post, I reentered again after there was a bullish move up. I am still long-term bearish on this and will most likely sell again if there is a good move up.

GBPJPY: I sold this again after a good move up. The long-term direction on this is unclear, but I have sell trades still open from a while ago and waiting for this to fall. Considering other pairs such as USDJPY and NZDJPY look bearish, I think this has a good chance of falling too in the long-term. Entering at higher prices is a good averaging in strategy, but with this one I got in and out to secure some profit. TP was set at the psychological 140 level. I currently have sell trades for this still open.

USDCAD: As I said in my previous post, I still had sell trades open and am still bearish on this long-term. I trade as the market moves higher and TP's were set at nice round numbers. I currently still have sell trades open too.


Total profit = +$787.28

NZDJPY: Price became extremely bullish and too fast. Which can be seen in the screenshot in my previous post. I am long-term bearish on NZDJPY. So this was a great opportunity to sell again.

USDJPY: This is a trade I had open since last week and which was in draw down. TP was set at a psychological level. I am still bearish on USDJPY long-term even though it has been falling hard lately. It still has more to fall I think. I will most likely sell this again after a good bullish retracement.

GBPJPY: One of these trades is one I had open since my last post. I manually closed one to free up some margin. The other one was made after a bullish retracement. I still have GBPJPY sell trades open which are in draw down. I think there is a good chance this pair will fall long-term. So I will hold on to them for a while yet until something changes my mind.


Total profit = +$453.10

I also withdrew $1500 from Oanda.