JCP's Journal

[JCP]

Short EUR/USD at 3469

[JCP]

Target profit at 3425 area.

[JCP]

Stopped out at break even. Came within 6 pips of limit order at 3429 then back up to hit my stop. Never want a winner to turn into a loser, which is why I like to quickly set stop to break even.

[JCP]

EURUSD, looking to short at 3550 - 3600 range. Possible long at 3357-3385 range.

[JCP]

AUDCAD, Looking like it may breakout to the upside on the daily, so I have my eye on an early entry on the 4H if it retraces to the 9308-9319 range.

[JCP]

Short AUD/USD at 9185. It's at top of trend on daily and gave good price action on the 4H. Stop loss is at 9218, but will adjust down to 9198 if it starts going down soon. Target profit at 9142.

[JCP]

Watching CHFJPY, daily price action at FIB retrace, waiting for entry on lower TFs.

Also watching still watching EURUSD for a short opportunity. Had limit at 3600, but never reached. May be an opportunity at 3450.

Also still watching USDJPY for a pullback to 9110 area.

Currently still holding 1 open position, AUDUSD short at 9185.

[JCP]

AUDUSD limit order filled at 9145 for +40 PIP.

[JCP]

Here's the AUDCAD that has retraced to the price range I indicated earlier. I decided not to buy at this point. The price has fallen too hard in my opinion, will not consider unless I see strong price action on the 1 hour or higher TFs.

[Joe T]

JCP, good to see you back again. Sorry for your tumultuous last few months. From what I can tell, you seem to be taking a very measured approach and are growing your account. I'd love to keep following your progress here and see how you do over the long haul. With continued success, hopefully you can give us more of a glimpse into what plays into your decision to target a certain trade.

I continue to see slow and steady results as well, but readily admit that luck plays a part. A precipitious decline in gold's price would be a bugger that would require more capital, so I've been fortunate to avoid that so far.