today i took only one trade which was a sell on eur/aud from 1.5591 i entered it 1 hour before the fomc and fed decision but the trade didnt move to much and i was having a low internet connexion so 15 min before the news i decide to close for +1 pip to see it go to the target without me :(
it was a busy day we had 5 trade let's talk about the quickly
first trade was scalping lower time frame on gbp/jpy i bought from 171.23 and closed at 171.44 (+21 pips)
second trade an aud/usd took it from 4h time frame it was up +26 pips but reversed on me and affected my emotion specially when you see a trade go from +26 to -35 it really hurt so when price go back to my entry i closed it with -8 pip
trade number 3 , buy on NZD/USD from 0.8236 and hit target after the news CPI came positive from new Zealand and trade hit target +34 pips .
trade number 4 sell on gbp/chf took it from 4 hour time frame it was about 50% on the way to take my target and i wasn't follow it because i was a sleep then the market reversed and hit my stop with a lose of -46 pips
the last trade on gbp/nzd toke it from 4h but i didnt stick to my plan and i exited for +10 pips to only watch it go to my target
friday the last day of trading in the week
there was a lot of opertunity eventuelly i didn't took them , i only took 1 trade wich was buy on USD/CAD
from 1.0948 i was planing to hold it for long term but i closed it on profit of +11 pips
this is a mistake that i made and i should take lessons from this , the road it long and i should take those mistake out so i can stay in the road to financial freedom .
it was a bad trading day i took 3 trade and they got stoped out
first trade on aud/usd i bought it from 0.8914 and stoped out for -58pips when the news came out from australia wich where very disopionet job number
second trade was on eur/gbp bought from 0.8318 and stoped for -29 pips
and last was scalping on gold bought from 1240 and took a losse of -11 pip
today wasn't as i expected i missed a lot of opportunity mainly because the fear and this is a lesson for me to have more confident in my self and my decision which something I'm working hard on it, so let's back to trading
i had 2 pending order one on gbp/chf a buy which it didn't get activated for 10 pips then price went to the target
the second is on gbp/aud which i cancel it because of fear from the result of the news ( CPI from UK)
the only trade that i took today was buy on gbp/usd from 1.6440 i took it from the 5 and 15 minute and the when enter it i checked higher time frame and i found my self buying from the high so exited with 2 pips profit
we just started the journey and we had two trade yesterday
the firs was buying usd/jpy from 103.43 didn't worked well i closed it this morning after the strong down candel of yesterday we didn't lose , i made profit of 1pip on it
the second trade was sell on the gbp/jpy it was based on my day trading system and it hiited the target for profit of 45pip
so the total of the day 1+45= 46pips
are in the beginning of 2014 which I was waiting for to start the journey that I’m
willing to share it with you.
We will have a big challenge this year in my trading
where I’m going to trade starting with a capital of 1000$ looking to build it up to 10k as a first step
then 100k and finally to 1m .
to be a big challenge and it’s going to be hard, but I’m willing to do whatever
it takes to get to the goal and make it happen.
share everything that going to happen in this journey whether it is a good or a
help my discipline and make me stick to my plan.
talk about my trading approach , I’m a technical trader and I focus more on
price action and I made my own trading system that is based like I said on
price action with the help of some indicators that I completely understand how they work .
And for the
most important thing that make a successful trader MONEY MANGMENT
going to risk more than 2% on a single trade so my lot size will be dependent
on how much is my stop loses.
to be a long journey and we will going to learn a lot from it.
my name is youcef wassim, i'm a forex trader and i have being trading for more than 5 years, strugling from the upp's and down's of the market .and after all this years of experince and education i decide to start a journey into financial freedom ,where i will share with you every thing happen to me in this journey , i will share my trades and why i took them, also i will do weekly recap of both the market and also my result ,and also i will share some education articels and videos along the way .
i hop this journey will help you in your trading ,and i will be glad to join me to fulfil the dream of financial freedom
and always remember
trade your plan and live with passion