jhansons journal
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Thread: jhansons journal

  1. #1
    Hi,

    My name is Jason and I would like to begin a journal here in order for me to learn how to trade successfully. It could also help any new individuals to see this and learn from my errors as a newbie as well.

    I have been looking into Foreign Exchange for approximately 6 months. I demonion exchanged for about 3 or so and started trading live two months ago. Inside this journal for the time being that I will just be trading $1 miniature lots in a mini account. I am doing so because I've already lost an account because of me thinking I knew precisely what I was doing in demonion then realizing the hard way that trading live is a completely different animal. Then why am I still live trading? you ask. Well its a plogical matter with me that I can't take demo seriously since I know the money isn't real. I feel if I exchange miniature I could learn and my loss can easily be replenished out of a paycheck out of my day job. Of course my day job blows that is the reason I am here as I am sure many of you are. Currently, I could only really trade in the evenings during the oriental session here on the east shore. But in the next few months I plan on shooting on the graveyard shift at work so that I can exchange the US session as I feel there is more movement with london overlapping New York in the morning.

    My trades will be based on my own ideas and opinion of where I think the market is moving and out of techniques I am learning from joining the James16group here at the mill. As far as indiors I am using some price action and also the shi channel that gives me an idea of how the market is moving. I welcome any comments positive or negative as it will help me understand and I can guarantee you that I am nowhere near a pro so I won't be offended.

  2. #2
    This is a losing trade I took before I went to sleep each night. I place a sell stop order in for the rest of the highlighted bar on this 4hr chart at 115.20. This was likely a dumb trade because it appears the jpy has a mind of its own sometimes. But I felt the sentiment on the jpy was much better than the dollar in the moment using all the BOJ rate hike. So I anticipated a drop that was wonderful. I was stopped at 115.50 at a certain stage during the night.

  3. #3
    I may short usd/jpy. It's bouncing around last week's high.


    Edit: I only watched it for just a bit. It's only bouncing around 115.80. I will just await the news release later

  4. #4
    I shorted aud/usd after worse than anticipated Austrailian news. I entered at .7504. Stop is at .7524.

  5. #5
    Yen news was a dud. Reaction was indecisive.

  6. #6
    AUD/USD Commerce was stopped .7524

  7. #7
    I am still holding USD/CAD position at 1.1332. Looks like it is the one thing I have going for me.

  8. #8
    This is a trade I took last night on the USD/CAD. My entry was at 1.1332 due to the daily pin highlighted in blue on the chart below. I tried to input as it passed the ideal eye of the pin. My stop is at 1.1355.

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