Demo Account, Forex.com
Woke up 7:00AM (CST), all 4 markets I was watching had positive gains over the overnight. All 4 would have been worth trading long from just a few hours earlier.
There was some TIC news at 8:00 AM which didn't have much impact. But all four seemed to start coming down after 8:00 AM.
Market Snapshot - 8:12 AM:
8:40 AM
Eyeballing AUD/USD because it was a decending wedge and the white getting very close to the yellow. MACD falling, looking good to pop below soon…
8:44 AM
Sold 100,000 @ 0.891450
Once it crossed the line, it dropped sharply in the next few minutes. 0.8905
Set Stop Loss at .89390 (25 Pips above)
Looking to take profit at the next level where white crosses yellow on the upslope.
9:15 AM
Getting good profit on the AUD sale. Also watching GBP/USD and EUR/USD which both crossed the yellow line but just waiting for MACD to show 0.00 or below before I go short on both.
9:17 AM
Recalculated Stop and Limit to minimize loss and guarantee profit
OCO - Limit of 50 PIPs - Stop Loss of 0.89235
9:21 AM
NO Trades on EUR/USD and GBP/USD yet since they don't show all the positive signs:
9:30 AM
Sold 100,000 GBP/USD @ 2.043020
Setting Stop Limit of 20 PIPs, Profit of 50 PIPs
NO Trade on EUR/USD - Was slower to show all the marks, and didn't want to get into 3 trades at a time, plus was too late to pull trigger on it:
9:46 - Changed Limit on AUD/USD trade to .8872 because of Support Mark found earlier in the day:
9:48 AM - Stop Limit on GBP/USD
Stop limit hit on GBP/USD at 2.045000 - 20 PIPs away from Buy.
TRADE DETAILS:
Sold - 100,000 2.043020 at 10:30 AM $204,302
Buy - 100,000 2.045000 at 10:48 AM $204,500
Net: $-198.00
The AUD/USD trade has hit 72 several times, but there's a +3 spread and not getting there on the Buy side… It's driving me crazy to watch.
10:00 AM Just watching the spread on Forex.com, the spread is increasing to +5 at times and then going down to 3. Haven't seen it any less than that on AUD/USD.
10:04 AM - Something must've popped in the news - Green went straight up at 10:00. Near stop loss limits… Ugh oh…
Wanting to try to get out before 12:00PM on Friday. That's when market slows down for weekend.
11:49 AM - White crossed back over yellow and had to pull the trigger manually to maintain some sort of profit.
TRADE DETAILS for AUD/USD:
Sold - 100,000 0.89145 at 9:44 AM $100,000
Buy - 100,000 0.88984 at 11:49 AM $100,000
Net: $161.00
An actual profit!
(Note: Had it not been near 12:00 PM, I should've flipped to the other side as the conditions were then ripe to go long on the trade.)
Total on the day - Lost $37.00
Objective for upcoming week - reset account to what my real account will actually look like ($5,000) and then restart all records for Sunday/Monday.
Note - Started reading Forex Revolution by Peter Rosenstreich, 2005 Financial Times Press
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