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Gloria

Trading Journal Of A Beginner

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Hello, guys!

I started trading at Forex market not so long ago and I would like to post my actions and some results on public to discuss. I really believe this method can improve one's skills (mine in exactly that case) and hope you will help me to grow. ^_^

Thank you so much in advance! This forum has already gave me tonnes of useful information that I'm really thankful for.


I trade basically with two pairs: EUR/USD and USD/CHF. I guess I will try some new later, but now I prefer to make my first steps with the most popular pairs, because I can find many forecasts of their situation before doing anything.

What about EUR/USD:

I can't see any supportive levels here so I can assume it will go further down. Thats why my plan for today is to open a sell at 1.0908, close sell at 1.0880 and set stop-loss at 1.0920.

eurusd-h4-riston-capital-ltd.png

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According to daily candle stick now, I am with buy position for EUR/USD trading pair. My take profit is 1.1203. Actually, I do not use Bollinger Bands or any kind of technical support without dynamic level moving average. Because, it makes me confusing. In addition, I get much better result by following Price Action trading. By the way, it’s really good thinking for you to use more than one trading currency pair. Just, keep continuing your concentration like that. Now, I trade in only eight major currency pairs. And, I learned full Price Action trading course from TradingBanks broker without any money. I also got there enough instruments to make good trading skills on fundamental.

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Rajesh, thank you so much for your advice!

I feel like staring to trade some new currency pairs next week. Luckily my broker Fresh offers a wide range of them.

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The EUR/USD ended last week at 1.0990. I think my next step will be to open a buy at the beginning of the next week if there is no up-gap at the opening of the market.

eurusd-h4-riston-capital-ltd.png


Next week I'm also going to start trading with USD/JPY. I heard this market has the most pleasant opportunities for profitable trading. We'll see soon =))

usdjpy-h4-riston-capital-ltd-2.png

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My strategy for USD/JPY pair is to go long. I think, I'll open a buy at 123.70 with target at 124.20. It may start going down at about 124.45

usdjpy-h4-riston-capital-ltd-3.png

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The USD/JPY is my best currency pair and it always gives great opportunities to sellers. I believe it will go further up, so I'm playing long here today.

usdjpy-h4-riston-capital-ltd-2.png

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I think the USD/JPY will start a pull-back at about 124.25, so I'm going to open a buy at 123.69 and close the deal at 124.10

usdjpy-h4-riston-capital-ltd-2.png

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I also plan to test a couple of new pairs today.

The first one will be the USD/CAD. I'm going to open a sell at 1.2400 with target at 1.2290.

usdcad-h4-riston-capital-ltd.png

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My EUR/USD strategy for today is to open a buy at 1.0950 with target at 1.1180 and stop-loss at 1.0920.

eurusd-h4-riston-capital-ltd.png


I guess it was a pivot at 124.07 and the chart will be going down at least for a little while. I'm opening a sell right away and plan to close the deal at 123.20.

usdjpy-h4-riston-capital-ltd.png

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The EUR/USD market seems to start going up and I guess it gives buyers another chance to act.

eurusd-h4-riston-capital-ltd-4.png


My USD/JPY strategy for today is to open a sell at 123.83 and close the deal at 123.00. I don't think this down move to be long, but 83 pips seems enough.

usdjpy-h4-riston-capital-ltd-5.png

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The USD/CAD market is moving down very slowly after a sudden raise till 1.2957 level. I guess I should open a sell today.

usdcad-h4-riston-capital-ltd.png

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The GBP/USD pair seems a little bit difficult to me. Today I plan to open a sell here at the level of 1.5628 with target at 1.5580 and a SL at 1.5638

gbpusd-h4-riston-capital-ltd.png

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As I expected, this market is totally for bears these days. I'll stay long a little longer. Think it will make sense.

eurusd-h4-riston-capital-ltd-3.png


The USD/JPY market goes up as usual. Today I'm going to open a buy here. I don't think there will be any pivots in the near future.

usdjpy-h4-riston-capital-ltd-2.png

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The EUR/USD made quite a lot of pullbacks last week and was at the level of 1.0983 at the closure of the market. Next week will be for bears, according to many forecasts.

eurusd-h4-riston-capital-ltd.png

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The USD/JPY ended the week at the level of 123.89. My strategy for next week is to buy, as I expect the general up trend to continue.

usdjpy-h4-riston-capital-ltd.png

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The EUR/US pair seems finally to start moving up and I'm pretty sure there won't be any pivot till 1.1114 level, so I'm going to open a long-term buy today.

eurusd-h4-riston-capital-ltd-3.png

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