QuoteDislikedOriginally Posted by eastmaels
This is my own thread that I want to start to post all my trades, too keep track of them, to analyze trades that I take and for future reference.
eastmaels,
I think that is a great idea, so I think I'll do the same. I think posting my trades with an explanation as to why I entered them will help me to become more disciplined, and I will learn a lot about my own trading character, not that I have really developed one yet.
When a trade does not go my way, I can post the reasons I think it didn't, and try not to make the same mistake in the future.
Okay, here's my first trade. Went short on AUDUSD at .7516. The reasoning: looking at the 4hr chart price twice touched the R1 price, but could not close above. These two bars formed a version of a DBHLC (only 2 pips apart on my software). Also the first bar closed above the top of the BB and the second bar closed below, would this be a valid gimee bar? Also the second bar touched the 89 ema. To me that's 3 things that I would call confluence. Looked at the weekly chart and the pair has been in a downtrend for about 6 weeks now. Set stop just above the previous bar.
Any feedback is always appreciated.
Jimmy
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