My Forex Trading Strategy – W12 2020 FX Trades

Here is another journal entry about my forex trading strategy. I have managed to follow the strategy and finally earn some money.

EURUSD:

Daily time frame was showing extremely strong downtrend:

My Forex Trading Strategy

H4 time frame indicated a pullback:

I’ve decided to enter the trade after the price breaks out of the small consolidation area on H1 time frame:

After some time, I moved my stop-loss and reduce potential loss:

The price touched my take-profit level for a 109,21HRK gain.

USDCHF:

USDCHF was in a strong uptrend on a Daily time-frame:

H4 time frame indicated a small pullback:

I’ve decided to enter the trade after the price breaks out of the small consolidation area on H1 time frame:

After some time, I decided to move my stop-loss:

In this case, this wasn’t a good decision, because my stop-loss was hit and the trade ended up with a small profit of 15,36HRK. On the other hand, if I didn’t move the stop-loss, my trade would continue to take-profit level and the profit would be much bigger. But I cannot expect every trade to work out as I planned.

USDJPY:

Daily time frame indicated a strong uptrend:

I have entered a trade after a strong rejection (pin bar) in the direction of the overall trend:

After some time, I have decided to move my stop loss a little bit. Stop-loss was touched and I ended up with a 29,30 loss.

So, my total gain for last week was 95,27HRK.


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