forex scalping on Friday 31 7 2015
Today was a loosing day
One of the profitable trades I made in the video
The journal follows and in the end I am explaining the mistakes I made in order not to repeat them
possible long signal forming in gbpusd
[7/31/2015 09:56:35] Basil-kodikos says: 1,5589 entered
[7/31/2015 09:56:48] Basil-kodikos says: sl 1,5569
[7/31/2015 10:01:22] Basil-kodikos says: opposite signal formed are we entering ranging environment?
[7/31/2015 10:05:19] Basil-kodikos says:
[7/31/2015 10:06:26] Basil-kodikos says: we will take all profit between 1,5590 -1,5600 in order to reverse in the resistance formed in aux chart
[7/31/2015 10:17:46] Basil-kodikos says: first trade hit stop loss
[7/31/2015 10:24:31] Basil-kodikos says: I had a short window to close in breakeven and reverse and didnt do it, thought it will touch 1.5600 but the bearish momentum was very strong in the London open
[7/31/2015 10:24:55] Basil-kodikos says: looking to take a long entry in eurjpy
[7/31/2015 10:25:13] Basil-kodikos says: 135,85 area
[7/31/2015 10:45:33] Basil-kodikos says: opposite signal formed in eurjpy looking to get out in breakeven
[7/31/2015 11:02:45] Basil-kodikos says:
[7/31/2015 11:03:31] Basil-kodikos says: closed at be
[7/31/2015 11:08:53] Basil-kodikos says: waiting for resistance to form in order to justify a short now in ej
[7/31/2015 11:19:56] Basil-kodikos says: resistance formed in 90 in aux chart
[7/31/2015 11:23:24] Basil-kodikos says: I have very small stop loss in this if it goes above 90 4 pips i must get out cause i have doubled the quantity and because it will give long signal we are exactly in equilibrium medium line in the upper bollinger band
[7/31/2015 11:26:11] Basil-kodikos says: 1 2 3rejection or stop loss quickly it is the third time it hits 90
[7/31/2015 12:33:53] Basil-kodikos says: stop loss hit in eurjpy entered new trade in gbpusd retracement in 1,5570
[7/31/2015 13:12:58] Basil-kodikos says: trailing stop in gbpusd hit entered long in gbpjpy ,eurjpy flies up north
[7/31/2015 13:13:10] Basil-kodikos says: 193,40
[7/31/2015 13:24:35] Basil-kodikos says: the divergence in gbpjpy helps +10,5
[7/31/2015 13:26:06] Basil-kodikos says: I am leaving this to run a bit gbpjpy was consolidating since 11,00-2,5 hours so according to this volatile pair 20 pips must come relatively easy
[7/31/2015 13:26:39] Basil-kodikos says: taking some of the morning losses back
[7/31/2015 13:29:05] Basil-kodikos says:
The three mistakes a made
1.In the first GBPUSD trade an opposite signal was made and instead of closing in the breakeven and reversing because of greed I was hopping to hit the 1,56– to earn 5-10 pips and lost the great short ,taking the loss of 20 pips
2, In the eurjpy I had a position in the equilibrium and while I said in chat room that my stop loss was 3 pips I have left the trade to hit 20 pips stop loss and lost the great eurjpy move of 100 plus pips.
3, In the third trade of gbpjpy I had breakeven all losses and I was 150$ in profit and left it through American news with result to loose all profits.
Totally irresponsible behavior by me in the end of the month.
Have a good month all of you and good profits.