Monday, January 7, 2008

Trade Journal

I am currently holding on to 2 short positions in eurusd and audusd.

For the EURUSD trade, prices have just bounced off the bottom of my wave and retraced slightly, leaving me holding on to a loss. The retracement stalled at 1.4738, 2 pips shy of my stop at 1.4740.

Traded with the Daily Trend NO ( Trading a reversal )
Traded with the Intraday Trend YES
Followed the plan YES
Profit ( still holding)

And for the AUDUSD trade, prices are below the wave on the H4 chart, and is crossing the bottom of the wave on the daily. Currently holding on to a 27 pip profit. My profit target would be at the 200 EMA.

Traded with the Daily Trend YES
Traded with the Intraday Trend YES
Followed the plan YES
Profit NOT YET

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