Mike's Journal MSK185

[Herbert]

Nice way to get back in the swing.

Swing away man!!!
Herbert

[msk185]

Took a trade to day for the first time in a week as I've been a bit distracted.

Nice 14pips, entry just below aims, moved stop to b/e when price stalled at 156 level but it broke and hit target at 15 min low. Happy with my work here

Slowly getting there, just need to repeat this daily.

Mike

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[Grant]

(wd) (wd) (wd) (wd)

thats my first trade of today Mike, nicely done..

Grant

[Topher]

Nice one Mike

[msk185]

Well 1st trade this week as EUR has been testing my patience. +9.5pips so just under 1%

Pink dot, currency meter showing $ strength and EUR weakness, 5min had retraced to red line so entry below the new aims level which coincided with previous 60min low broken by wave 3 looking for wave 5. Closed out when price stalled just above my target at the 15min low but close to my 1% daily challenge

My trades are few and far between at the moment but my success rate is much better.

Just need to increase the frequency now

Thanks to everyone on here for all the support you have given me it really is much appreciated

Mike

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[Grant]

(wd) (wd) (wd)

nicely traded Mike, got that one as well (for once)..

keep at it

Grant

[msk185]

Ah well my little run has come to an end, losing trade today, had to be my first attempt at an addon to compound my woes.

Took the break of 5 min with fresh cross of aO looking for wave 5 , then did an addon when the 15min low was broken, out for -10 on the addon and -5 on the initial trade

Should have closed on the black diamond but held on as there wasnt much up momentumand my stop was above the aims level

Next

Mike

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[msk185]

Second loss today, at a full1% so time to call it quits or I'll just revenge trade

Took the break of 5min low but just got tipped and then stopped out

Back to the drawing board any suggestions of what I missed with this setup?

Mike

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[msk185]

1st trade today ended up a breakeven. Setup two orders to bracket the 5min levels. Triggerred short moved to b/e as price stalled with target at 60min low.

B/E it was

Mike

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[msk185]

March is now done, finished the month up 26 pips of 2.6%, although I only took 9 trades.

Pity about yesterday or I would have been a tad better, still nice to turn the loos of February into a profit, now to make April my best month yet

Mike