Category Archives: Losing Trades

4 Hour Forex

More to come….

Posted in 4 Hour Chart Trading, EURUSD Trades, GBPUSD Trades, Losing Trades, Trades Missed, Trades Taken, Trading Definitions, Trading Psychology | Tagged , , , , , , , , , , , , , , , , , , | Leave a comment

26 January 2011 – 1047 EST NQ Long

I saw price fail to break 2320.00, fall back to the 21 SMA line, and then start to rally up. I entered @ 2319.50 assuming that the market would break 2320.00 and then make a big rally up from there. … Continue reading

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25 January 2011 – 0800 EST Session GBPUSD

I took a few trades during the 0800 session in the GBPUSD. Two were small losers and one was a medium winner. Trade 1 Short 3 @ 1.5772 Close 3 @ 1.5784 P&L: -12 (-36 PIPs) Trade 2 Long 3 … Continue reading

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24 January 2011 – 0800 EST Session GBPUSD Longs

2 long trades setup during the 0800 session. The first was @ 0812, which resulted in a stop out. The second was @ 0936, which reached all the way to S2 target.

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7 January 2011 – 0500 & 0900 EST Session EURUSD Trades

Today was one of those days that I should not have turned on the computer. Most of my trades were losers during the 0500 EST session, including one trade where I was short right before the 0830 news and price … Continue reading

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6 January 2011 – 0500 EST Session EURUSD Trades

Since it is Thursday I was unable to trade because of commitments outside of my office. The 0500 session presented four trades, two were profitable and two were not. At 0525 we got a signal to go short @ 1.3111 … Continue reading

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5 January 2011 – 0513 EST EURUSD Short

I took a short @ 0513 EST @ 1.3253 when price fell below the Novel Channel, below the pivot line. Price bounced up and I exited the short @ 1.3263 for a 10 PIP loss. I tried this short again … Continue reading

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4 January 2011 – 0911 EST EURUSD Short

This short did not work out. I went short @ 1.3394 and should have closed the trade when the TSF bar colors turned blue. Instead I held on for a while longer and lost an additional 11 PIPs. Here is … Continue reading

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4 January 2011 – 0500 Session EURUSD Trades

It was a painful 0500 session for me. Trades 1 and 2 were attempts at several trades long, which did not want to break the resistance on the 4 hour chart and failed. I broke my trading rules in trade … Continue reading

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29 December 2010 – 0859 EST EURUSD Long

Another long signal triggered @ 1.3138 right @ 0859. Price failed to achieve its targets and the trade would have been exited when price fell below the pivot line @ 0952 @ 1.3128. 10 PIP loss (24 PIP loss for … Continue reading

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