USD/JPY trade

I just entered into this trade based on same rules which I have defined for myself. You can refer to the pics for the reasons why I entered into this trade. SL was about 4% of capital but risk reward ratio is almost 1:1 so this was a risk I was willing to take.

Long USDJPY 95.22
SL: 94.87
TP: 95.46

I will review this trade later to see if any adjustments upwards need to be made for the TP, stay tuned.

SL was triggered, loss is 35 pips.

Its been a bad day but I will presrvere and try not to make hasty trades.

AUD/USD Long Trade

There was an opportunity to trade the AUD/USD pair last night. I entered the trade when the signals were all in place. The TP level was low because I found that the volume was relatively low, so a low TP was placed to limit the risk. SL was within 3% of my risk capital.

You can refer to the picture to understand why I entered into this trade.

The trade closed while I was still asleep and ended with a profit of 21 pips.

Cumulative P/L: 22 + 21 - 55 = -12 pips

August P/L: -43 + 21 -55 = -77 pips

I still have a EUR/USD short trade which is open. I look forward to closing it soon.

EUR/USD Short Trade

Don't know whether there's problem with my notebook or blogspot giving me problems, but I don't seem to be able to attach pictures now. Let me know if u know how to solve this problem. Pic will come after I the problem is solved.

There might be a breakout in the down trend for the EUR/USD pair according to the price chart based on my understanding (I might be wrong). MACD and Stochastic are pointing down and the charts are showing signs of a breakout. Will there be one? Current support provided by Forexyard is at 1.4320.

Short EUR/USD 1.4384
SL: 1.4434
TP: 1.4300

Update: SL was triggered, loss is 55 pips

EUR/JPY trade closed

SL was triggered.

Loss is 43 pips.

August P/L: -43 pips
Cumulative P/L: 65 - 43 = 22 pips

Trade Opportunities

I'm currently monitoring the above two pairs.

EUR/USD

The candlesticks are showing signs of an impending breakout. Whether is goes up or down will need to be further confirmed by the other indicators later on.

USD/JPY

This trade looks promising to go long but I'll wait for the Accelerator Ocsillator to turn green before I enter. Furthermore I still have a EUR/JPY trade open and I don't want to increase my risk.

Will come back with more updates later.

Open EUR/JPY Long Trade

Just started this trade.

Buy EUR/JPY @137.26

TP @ 138.09

SL @ 136.83

As the accelerator ocsillator show that there's still momentum to ride the trend, I went for it as the EMAs are still signalling BUY.

Going to bed now, let's see how the trade will turn out when I wake up.