#GBPJPY - sell limit at 147.500 with 400 points stop loss and 800 points take profit. I'm expecting a reversal here.

lets increase the stop loss on that one to 600 points and take profit to 1200 points. go in with a low volume, we might want to add to our positions later on.

#NZDUSD I have a sell limit order at 0.73095 with a 500 points stop loss and a 1000 points take profit. in case price made a quick jump up again and then continued to fall down.

the move is way too sharp, I changed my mind about going in with buy orders, instead, I'm putting in a sell limit order at 115.100 with a 500 points stop loss and 1000 points take profit,

(I might divide my order into two or three smaller orders so I have set different take profits at 1000 points, 2000 points and 3000 points.

I lowered it to 115.000 just to increase the chances of the order being filled. the take profit and stop loss is the same.

adjust the sell limit to 147.445 with the same take profit and stop loss.

I also went in with a sell at the 147.300 since it might not make another jump up. so I went in with a small order a bit sooner.

just closed my two positions on gold from last week on 215 pips and 175 pips of profit. not a bad start for the week.

I think we might be able to go in with buy orders very soon, I just need to see some strong price action movements first.

#USDJPY - sell at 114.200 stop loss 600 points, take profit 600 points. (take profit 2 = 1200 points)

#GBPJPY adjust your take profit to 600 points (1:1 trade) since the price seems like its getting a bit of the resistance on a minor resistance line.

so I'll save my profits after 60 pips and then look for another entry.

#USDCAD - this is where the price is heading towards. its a reverse expanding triangle. I forgot to share its chart this morning.

#GBPUSD - sell limit at 1.28850 with a 300 points stop loss and 300 points take profit. (you can add two small positions and hold the second part for the 750 point take profit)

but keep in mind, its a #risky trade, so go in with small sizes.

#EURJPY - sell limit at 130.135 with a 420 points stop loss and a 600 points take profit

I closed my position on the USDJPY since the acending trend seems very strong. I suggest you do the same if you have taken this trade with me.

today the market is painfully slow, and I need to get some sleep, so I might close all my trades which are currently profitable, and keep the rest open with a 1:1 risk to reward ratio, and just leave them open and go to sleep! lol

I closed all my trades and made a total of 60 pips in profit, except cadjpy and eurjpy which I turned 1:1 and I'm gonna leave them open and go sleep for a few hours.

good luck trading everyone.

alright guys, I'm back.

while I was sleeping #CADJPY hit its target and added another 20 pips of profit. and I closed #EURJPY while it was about 12 pips in profit, so I can close the case of Monday's trades witha total of 92 pips and start fresh for today. (its already Tuesday 3:12 AM in my time zone)

Before we move to today's trades, I first want to talk about an important factor of successful trading, Money management and risk.
Money management is a crucial element of trading sucessfully. if you don't pay attention to it, even tho you can seem sucessful in short period of time, you will see that your account is only dissolving very slowly in the long haul.

my rule of thumb is that I can only open trdaes as large as 0.05 of volume per every 1000 dollars I have in my account, and with this rule, I can have maximum 5 open trades at the same time.

so for example, if I have 1000 dollars in my account, I can have 5 positions open, but the size of each position can't be more than 0.05 lot.

if I have a 10000 dollar account, I can have 5 open trades, each having a 0.5 size of volume.


I also like to divide that maximum-per-trade size into smaller parts so I can have more than one open position on the same pair. like if I have a 0.5 cap for trading USDJPY, I like to divide that into one 0.1 position and two 0.2 position which I will open later on if the initial order seemed to be a right one.



these tips while they might seem very simple and sometimes annoying, they are crucial to your success in the long term.

#NZDUSD sell at 0.72425 with 700 points stop loss and 1400 points take profit (go in with a very low volume, we might need to add to this if it jump up for a pullback on the channel)

##USDJPY is in a weird situation, its on its way to reach 114.800 to finish reaching the target of the tirangle pattern on 8hr chart, but since the move up was too sharp, it might create another swing low, so I'm going in with a sell order at 114.200 with a 700 points stop loss and 700 points take profit.