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Admin Trading Journal Oanda

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Admin

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I made two sell trades on EURJPY. The reason was based off trend lines from the weekly TF. I will only be selling EURJPY in the near term. I manually closed these trades early to free up some margin for other trades I have open. I will be selling EURJPY again in the near future.

Total profit made was +$30.09
#31 - December 28, 2018, 02:55:28 PM
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« Last Edit: January 11, 2019, 08:13:47 PM by Admin »

Admin Trading Journal Oanda in Trading Journal_topic=585

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I made two sell trades on GBPUSD. The first one was based off of trend lines and an important resistance level. The trade went into profit and I was tempted to close it early, but I didn't and then price became really bullish. So I averaged in with the 2nd trade. I manually closed both later.

Total profit was +$99.02
#32 - December 31, 2018, 10:15:14 PM
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« Last Edit: January 11, 2019, 08:13:28 PM by Admin »

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As I mentioned in a previous post, I sold again for EURJPY. The market opened with a gap upwards. So it was a good chance to get in again at a better price. My trade hit TP soon afterwards.

Total profit made was +$35.09
#33 - January 02, 2019, 02:17:06 AM
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I made 6 more sell trades for EURUSD. I was still bearish based on my previous post about EURUSD. In addition to that, there was a head and shoulders pattern on the H4 TF. Price didn't fall when I expected, so I averaged in as price went up. All my trades eventually hit TP.

Total profit was +$572.43
#34 - January 02, 2019, 03:12:52 PM
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I placed some buy trades on USDJPY. Price is near important support levels on the monthly chart and I think price will bounce off these and become bullish again. So I will only be placing buy trades for the next week or so.

I closed the trades early and will be getting back in after it dips back down again.

Total profit was +$132.15
#35 - January 02, 2019, 03:53:20 PM
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I placed some more buy trades after price dipped down. I got in and out fast because of the big crash in price yesterday. It's a little risky right now so I might wait and see what happens before making more USDJPY trades.

Total profit made was +$44.12
#36 - January 04, 2019, 02:42:33 AM
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I placed some more sell trades on EURUSD based on my long-term forecast from a previous post. Also, there was a trend line on the H1 time frame that was about to break. Both my trades hit TP.

Total profit made was +$149.83
#37 - January 04, 2019, 02:33:16 PM
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Prokiller

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Quote from: Admin on November 27, 2018, 03:06:39 PM
My starting balance at the time of this post is $2563.06. I actually had a winning trade while posting this. So I will be including that as well. See attachments.

Strategy: I will be using a combination of trend lines, support/resistance, and some indicators available on this forum such as the FEN indicator, Gann Time Clusters, and possibly some more.

Entries: I sometimes use pending orders and sometimes market orders. It depends on when I see a good trade set up and my availability. I will also use an averaging in method. So if price goes against my trade(s), I will open another trade in the same direction to get a better overall combined price. Any unfilled pending orders will be deleted after profit is reached.

Exits: I usually will set a set TP. I usually do not set a SL. This is just my personal style. That may be too risky for many traders, but that's fine. I will not be setting a SL for the following reasons:



  • I do not have to worry about getting stopped out of an otherwise great trade. Forex is volatile and many times a SL will be barely hit and then price goes on in the right direction afterwards.
  • This is money I can afford to lose. I will not lose any sleep over margin calls, if any. I am trading with pure profit from previous trading activity after withdrawing my initial deposit amounts.
  • I am trading with an account with low leverage. So even if my trades are liquidated after a margin call, there will still be money left in the account for future trading.

Broker: I will be using Oanda with 50:1 leverage and the FIFO rule enforced.

i agree with your strategy that you used in your trading, your trading journal is very good and informative for newbie to learn from your trading journal and in future this will be very helpful for me as well as for other newbie also. 

I also with your strategy about not setting the stop loss. Mostly whenever i place a trade order do not set the stop loss option and mostly i prefer to set take profit option, these are very good features of Forex trading.
#38 - January 09, 2019, 04:25:41 AM
« Last Edit: January 09, 2019, 11:11:05 AM by Admin »

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I made some more sell trades for EURUSD. I am still bearish on EURUSD long-term which I posted about before. I saw another reason to enter as well. There was a trend line on the daily TF which broke and was being re-tested. I expected price to drop, but price reversed upwards. I averaged in price as price went up. I still think EURUSD will drop, but I closed early for a loss to free up margin and because there are better opportunities at this time.

Total loss was -$374.99
#39 - January 11, 2019, 08:11:16 PM
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I placed some sell trades on USDCAD. There was a trend line on the H1 that was tested several times and about to break. And a trend line on the H4 that would attract price. So I averaged in price by placing additional sell orders as price went up. USDCAD fell hard later and my TP was hit.

Total profit made was +$82.12
#40 - January 23, 2019, 11:37:45 AM
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I sold AUDUSD and have been bearish on AUDUSD for some time. I have posted about this in the AUDUSD technical section. I placed most of these trades at resistance points or averaged in as price moved up. I held on to these longer than I expected to, but it worked out in the end.

Total profit made was +$287.99
#41 - January 24, 2019, 11:20:23 AM
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I made a post earlier today in the EURUSD technical section about it being a good time to sell EURUSD. I sold EURUSD after price went up. My TP was hit soon after. I will probably be placing more sell trades if price goes back up to a better level.

Total profit made was +$87.58
#42 - January 24, 2019, 05:16:03 PM
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Fxortrader

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Quote from: Admin on January 24, 2019, 05:16:03 PM
I made a post earlier today in the EURUSD technical section about it being a good time to sell EURUSD. I sold EURUSD after price went up. My TP was hit soon after. I will probably be placing more sell trades if price goes back up to a better level.

Total profit made was +$87.58
Good profit   ,
#43 - January 24, 2019, 05:29:33 PM

Admin

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I placed some buy trades on EURJPY because price was at a support level on the H1 and I expected a bounce. I closed the trades early to get into a better trade.

Total profit made was +$24.96
#44 - January 25, 2019, 02:34:16 AM
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Fxortrader

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Quote from: Admin on January 25, 2019, 02:34:16 AM
I placed some buy trades on EURJPY because price was at a support level on the H1 and I expected a bounce. I closed the trades early to get into a better trade.

Total profit made was +$24.96
if I may know what indicator trading system you are using?

and the strategy?
#45 - January 25, 2019, 06:10:54 AM
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