Bella's GBPUSD Trading Journal

Bella.a

Active Trader
Oct 10, 2021
197
0
32
I am +16 Pips as i write this , pair is hovering above 1.08430 (MR1- Daily Pivot S/R ) , waiting to see T/P hit 1.08124.
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
I have decided to total previous journal entries from August 29th to Sep 26th = +60-14-14-14-14-22+60 = +42 Pips
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
sl is hit -14 Pips
Post automatically merged:

I will total last 4 trades after previous calculations they are as follows : -14 + -14 + -14 + -14 = -56
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
I am Going to Make a Thread Total since it started : +172 + 138 +42-56 = +296 Pips .

from today onwards i will use another strategy with pivots .
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
Current Rate : 1.10534

It's been a very slow day due to some bank holidays in US , there is some activity going 3hrs from now 17:35 GMT When FOMC member Brainard Speaks and that maybe able to make some movement if not now.

I am looking for retracement today at MR1 : 1.11585 , to sell any upmove as R1: 1.11930 Should hold as Resistance.
 

Attachments

  • GBP_Blue_01.png
    GBP_Blue_01.png
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Bella.a

Active Trader
Oct 10, 2021
197
0
32
Current Rate : 1.10534

It's been a very slow day due to some bank holidays in US , there is some activity going 3hrs from now 17:35 GMT When FOMC member Brainard Speaks and that maybe able to make some movement if not now.

I am looking for retracement today at MR1 : 1.11585 , to sell any upmove as R1: 1.11930 Should hold as Resistance.

The day is coming to an end , i have cancelled above scenario.
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
Current Rate : 1.10744

Short GBPUSD : 1.10889
S/L : 1.11140
T/P:1.09740

I taking this rally as an opportunity to short cable , i expect Daily R1 resistance to hold . 1.11040


GBP_Blue_02.png
 

Bella.a

Active Trader
Oct 10, 2021
197
0
32
Current Rate : 1.10744

Short GBPUSD : 1.10889
S/L : 1.11140
T/P:1.09740

I taking this rally as an opportunity to short cable , i expect Daily R1 resistance to hold . 1.11040


View attachment 22780
Fib Analysis Hourly Charts.

Trend Following 55 Ema should contained this move ( resistance : 1.11139 )
we could see this move extending to 1.618 extension of Leg A-B
FibAnalysis_11.10.2022.png