3TJ-8PO (Third trading journal -8th pending order) activated and exit with loss
Pair: CADJPY
Pending order: buy limit
Lot:0.1
Lot:0.1
Entry:94.70
SL: 94.15
TP: 95.60
Reward/Risk:1,64
Setup: 2BR (2 Bar reversal)
Result:
Exit: 94,256
Pips: -44,4 pips
Profit: -35,82
Commision fee (Charges): -0,28
Swap: 0,06
Real profit: -36,04 USD
Commision fee (Charges): -0,28
Swap: 0,06
Real profit: -36,04 USD
CADJPY was easy went through support area, and I exit on 10 pips before sl to preserve some capital.
We can see if that is good decision.
3TJ-9PO (Third trading journal -9th pending order) activated and exit with small profit
Pair: NZDCAD
Pending order: sell limit
Lot:0.1
Lot:0.1
Entry:0.86800
SL: 0.87400
TP: 0.85850
Reward/Risk:1,58
Setup: 3PB (3 Pinbar)
Result:
Exit: 0.86726
Pips: + 7,4 pips
I exited on pair NZDCAD at same time when I exited on CADJPY because NZDCAD had small movement all day, and want to put new (better entry) for same pair. This was not good decision because NZDCAD went down for 45 pips from my exit price.
This is Forex (no chance to always win).
This is Forex (no chance to always win).
This blog is intended for education and learning and presents some of the techniques of trading and investing, and not for providing advice for trading and investing.
If you are not experienced in trading (at least a few years), do not invest your money.
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