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Ijak's Trading Log, Try to get my 1st $1000 Withdraw

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  • Ijak's Trading Log, Try to get my 1st $1000 Withdraw

    i will start a trading journal , so i will had my trade recorded in order to learn something from it,

    will deposit $50 into my Tickmill account and challnge my self how long it will last. and try to trade with tight stop loss using m15-h1

    my trading plan with this money

    1. only trade on major, even theoritically all i can trade every instrument that tickmill provided. forex, index, Cfds, metals. but i will stick with majors only.

    2.try to put tight stoploss and take profit with healty risk reward ratio

    I trading strategy itself combining few strategies, using indicator like EMAs with 12,50,100.,260. and 500 periodes.

    2. try to understand the fundamental aspects of the currency pairs,

    well , Let us made some market review for a moment before opened a trade. W
    What happened in this week which is the majority of USD rivals stronger than the USD , which means that the long-term weakening of the USD in sight

    This is due to weaker US economic data than anticipated.
    PMI is below expectations,
    ADP which is above forecast, Forecast 195k, actual 205K
    The unemployment rate rose 8k

    the NFP today, market expectations about jobs created and opened : 189k ,
    and if the data released under 180k can harm USD fundamentally.

    With the reluctance of the Fed to raise interest rates, the ECB QE plan in March 2016, and the BOJ is set negative interest rates, today's NFP data is crucial as a guide to where the next market direction next.

    Technical analysis : , based on Tickmill weekly chart, the USDJPY this week , weakened as much as 500.0 pips.

    Head and Shoudler has been formed, and if the NFP data this week could make close USDJPY weekly chart with a bearish engulfing pattern, then the USDJPY weakness for the medium-long term was inevitable with the first target at 113.00 area



    Recommendation :

    USDJPY Bearish,
    risk in the area of ​​121.75 -122.00
    Target: 113.00, 110.00, and 109.00
    Last edited by caveatFx; 05-02-16, 09:37.

  • #2
    Lets Rock And Roll

    Sell EU , Reason : Double Top Formation, Seller candlestick pattern and price opened under EMA 12
    Got 0.2 spread, great
    Entry at 1.12014
    SL at 1.12164
    [SPOILER][/SPOILER]

    Sell GBPUSD Averaging minus mode
    Sell 1 at 1.44090
    Sell limit at 1.44490
    Reason : Support become resistance and Buyer at H1 buyers are not able to maintain their strength, and candle close under EMA 12
    [SPOILER]

    [/SPOILER]

    Sell EURAUD
    Reason
    1. because i have 1 sell eurusd position
    2.At M15 price already Break and open new candle under EMA 12, need H1 confirmations
    Sell @ 1.59076
    SL @ 1.59326
    Update Hit SL
    [SPOILER]

    [/SPOILER]

    Comment


    • #3
      Update :
      open 2 trades EURAUD
      Open trade 1 : 0.02 lot @ 1.58761 SL @ 1.59161
      Open trade 2 : 0.02 lot @ 1.58861 SL @ 1.59561
      TP @ 1.57260
      Got good spreads with this crosses , around 2.0 pips. its rare to have broker like tickmill with tight spreads on crosess
      nice



      Reason : Engulfing on EMA 12

      [SPOILER]

      [/SPOILER]

      Comment


      • #4
        Today, Because china celebrating Chineese new year ( happy Lunar new year anyway, i hope you are more prosperous in this fire monkey year)which caused market move in sideways

        we need to pay attentionm there is some news that should be on the alert




        Buy GU @ 1.44900,reasons, entered an order because long candle in M15 full with buyer

        Sell Gold @ 1187.90 SL TP @ @ 1191.9 1177.9

        Reason : Gold break EMA 12

        I have trading for years and only with Tickmill i can have 10 pips spread for gold.usually another brokers charged 30-70 pips spreads for gold

        http://www.myfxbook.com/portfolio/mission-1000/1513053

        Comment


        • #5
          is it me or myfxbook always have errors when i wanna upload my trading history.
          Whatever, moved to FXBlue.
          http://www.fxblue.com/users/ijak

          Got margin called and deposited another $25

          Today Open trade

          Sell GBPUSD
          Sell GBPCHF
          Got signals from M5


          Reason for Sell GU , Fake confirmations candle on M5, and turn the candle into Continuation signals, RSI break neckline

          Reason For sell GBPCHF
          Got RSI break signal with m5 , plus confirmations candle pattern

          Got around 3-4 pips spread for GBPCHF , and around 1 pips spreads on GBPUSD


          Took a peak on news, and whew, china still on New year holiday,

          But today , Yellen would have a testimony again , i hope yellen could give us clues about The Feb Policy



          Read on some news sections

          Lee Hardman, currency analyst at MUFG, expects Brexit risk premium will increase as we move toward a referendum to strengthen the pound weakness and increased volatility.

          [B] Excerpt important [/ B]

          "Risk Brexit will increasingly dictate the performance of pounds while driving other underlying such expectations BoE policy will only be the event extra. Time referendum is right yet to be decided but it seems likely to be faster after the draft proposal released this week for" a new resolution for the United Kingdom in the European Union " . Draft and they will be discussed in more detail at a special meeting of the European Council on 18 and February 19.

          Increased uncertainty regarding the upcoming referendum on the European Union and the downside risks to global growth prospects resulted in view of the more cautious BoE's monetary policy. "



          From: FXstreet

          Comment


          • #6
            Updated my Journal, it is hard to reach master trader level
            but i must learn and enjoy this process

            still have floating order, Sell EURUSD



            Reason, look at the rectangle. my reason is , Engulfing on MA, plus candle break out EMA 12 at H4, and entered the market and got 0.2 spreads . very nice


            Closed Buy GBPUSD


            Entered the market At M5 (and got spreads under 1 pip) because engulfing on MA( look at the rectangle)

            and i got good setup for sell at NZDUSD

            If NU Closed and stay like this at 12 febuary 2015, 20.00 GMT +7
            i will consider to sell NZDUSD

            Comment


            • #7
              This Week High Impact News

              Time using GMT+7
              Mon 15 Feb :
              21:00 : ECB President Draghi Speaks

              Tue 16 Feb :
              4:45 : NZDRetail Sales q/q
              7:30 : AUD Monetary Policy Meeting Minutes
              9:00 : NZD Inflation Expectations q/q
              Tentative : German Constitutional Court Ruling
              16:30 :GBP CPI y/y
              17:00 : German ZEW Economic Sentiment
              20.30 : Cad Manufacturing Sales m/m
              Tentative: NZD GDT Price Index

              Wed 17Feb 2016 :
              16.30 : GBP Average Earnings Index 3m/y
              16.30 : GBP Claimant Count Change
              20.30 : USD Building Permits
              20.30 : USD PPI m/m

              Thu 18 Feb 2016
              4:45 : NZD PPI Input q/q
              7.30 : AUD Employment Change
              7.30 : Unemployment Rate
              20.30 : USD Philly Fed Manufacturing Index
              20.30 : Unemployment Claims
              23.00 : Crude Oil inventories > Spesial , news khusus oil

              Fri 19Feb 2016
              16.30 : GBP Retail Sales m/m
              20.30 : CAD Core CPI m/m
              20.30 : CAD Core Retail Sales m/m
              20.30 : USD CPI m/m
              20.30 : Core CPI m/m
              opened 2 trades, Sell EURAUD and sell EURNZD
              Sell EURAUD

              Reasons :
              1.Engulfing on MA at H1 timeframe
              2. RSI H4 formed Hns, even now, RSI h4 already reach RSI support, but i will waiting next RSI support for exit
              Traling stop activated at +100.0 pips
              Sell EURNZD

              Reason :
              1. Engulfing confirmed by inverted hammer which is hanging on MA Cross
              2.RSI H4 Formed HNS dan maybe will try to break the RSI support.
              Trailing stop at +1
              not bad . got 2.5 pips spreads with Sell EURAUD and
              Got 3 pips spreads with EURNZD.

              Comment


              • #8
                busy all days, and just updated my journal after i finished all my business thing

                opened Sell GBPJPY dan Sell GBPUSD



                My reason sell both pairs are they had big engulfing on MA cross (look at magenta rectangle)
                and i am positive , when i post issue about Brexit, it may happen in near future.
                Closed with profit
                and after some drawdowns with my account in 8 days, finally i can banking some nice profit into my wallet
                now i am Breakeven and in profit


                Requested $45 WD +$45 at 20.30 GMT+7

                Recieved 20.42 in same day.
                my target : to WD $1000 from $50
                is it possible?dunno, let us see, how long i can maintain my trading account. and consistantly banking some profits into my wallet

                Comment


                • #9
                  i starts my day with opened trades for several pairs




                  Sell USDCHF @ 0.98823 SL @ 0.99073 TP @0.98190
                  Sell Stop USDCHF @ 0.98573 SL @ 0.98823 TP @ 0.98190
                  Sell AUDCAD @ 0.98449 SL @ 0.98849 TP @ 0.97449
                  Sell stop AUDCAD @ 0.98049 SL @ 0.98449 TP @ 0.97449
                  Sell EURAUD @ 1.57448 SL @ 1.57848 TP @ 1.54314
                  Sell stop EURAUD @ 1.56813 SL @ 1.57448 TP @ 1.54314

                  Reason :


                  Sell USDCHF
                  1. I saw Tower pattern ,
                  2.confirmed by engulfing at right leg
                  3.left leg already formed 2 waves


                  My reason why i opened Sell AUDCAD is simple , Because ad Daily Timeframe , my EMA will cross, and engulfing it self alreay formed. i just need today confirmation

                  For EUAUD , i use it as hedge instrument against USDCHF and AUDCAD
                  not bad. got good spreads when i entered this 3 trades

                  Comment


                  • #10
                    My fokus today is CADJPY, to find out the best price to buy CADJPY



                    [SPOILER]



                    My reason why i decide to buy CADJPY
                    1. W pattern
                    2.RSI Divergence

                    [/SPOILER]

                    And if we compare USDCAD and CADJPY , why i buy CADJPY because few days ago, USDCAD had strong bearish trend ,
                    [SPOILER][/SPOILER]

                    and tonight we have crude oil inventories news and as far as i know , OIL and CAD have strong correlation

                    Comment


                    • #11
                      Yesterday i made +$55 profit and request for Withdrawal

                      ,
                      [SPOILER]
                      Request @ 18:12



                      Processed @ 21:12 GMT+7

                      [/SPOILER]

                      Buy CADJPY
                      Chart CADJPY
                      [SPOILER]
                      Because CADJPY spreads are low, i can trade this pair
                      Reason buy CADJPY : Strong Support area

                      got 1 pip spreads

                      before GBP News, i tried to catch the trend

                      [/SPOILER]

                      Comment


                      • #12
                        Got Drawdown in my ECN Pro Account
                        but no problem. OverAll i am still in profit T_T

                         




                        Sell EURJPY
                        Reason : Price / buyer, are not too dominant and can't maintain their power above EMA 12

                        SL Scalping
                        TP longterm

                        Comment


                        • #13
                          Still hold my Sell EURJPY, move EURJPY stoploss into trailing stop mode
                          Sell EURGBP , because at M5 , candle broke out the EMA 12,and met major resistance. put 10.0 pips stoploss,

                          got good spreads on EURGBP, 0.6-0.7 pips for EURGBP , not bad for cross pair

                          [SPOILER]


                          [/SPOILER]
                          today we have EURO Zone news, perhaps this news could help my trade

                          Comment


                          • #14
                            Finally i got Margin Call
                            Well redeposit my account and looking for signals with another trading instrument provided by my Broker,and i decided to trade the indices
                            After tried their demo to find out how much margin used for any indices
                            i decided to trade the US500 index (SPX500 index)

                            Reason :
                            1.M pattern
                            2.Engulfing
                            3.Their spreads looks lower than another index (40 pips, i think its like 4 pips in forex)

                            Sell 1 @ 1917.20
                            sell 2 @1906.20
                            Trailing Stop loss @ 1911.20
                            My worst scenario : i think am only reach BEP

                            [SPOILER]

                            [/SPOILER]

                            Comment


                            • #15
                              I hope NZDUSD can break the upper triangle formed in daily timeframe.

                              opened NZDUSD trades, got tight spreads, with tight pair movement
                              -_-
                              [SPOILER]
                              [/SPOILER]

                              Comment

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