03/06/2013 GBP/CHF long (win)

Follow @Tradergonewild

Here is my entry chart for this long trade due to a BUOB which closed above a horizontal level. Click chart to enlarge. Risk was 1% of the account.

and here is the exit chart. Once again I took profit early instead of letting it just hit the target, which it would have had I left it along. I made just under a 1% gain.

Analysis: The BUOB was not at a swing low so I don't think this was a perfect setup to begin with. I still took a long trade because it closed above a horizontal level and was much larger than the bar it engulfed. These days I enter on retraces of bars like these because for me it works much better. I'm not saying it's a better way, but it suits my personality. Trade management was okay but not great because like I said, I took profit too early. Still, just under a 1% gain is not a bad result at all so I'll take it. 

03/06/2013 AUD/USD (win)

Follow @Tradergonewild
Another FTB setup, this time off the H1 timeframe with the M1 timeframe used to tighten stop. Here's the entry chart (click to enlarge).

and here is the exit chart. I took profit on this trade but earlier than I should have. Had I left it alone it would have hit my target and I would have made a bigger gain. I made a 0.5% gain on this trade.

Analysis: Good trade. I was close to being stopped out but that happens when you have a really tight stop. I zoomed into the M1 and tightened the stop like a boss. The only thing I did wrong on this one was closing the trade early manually instead of just allowing it to hit my target. That way my profit would have been larger, but hey, I'll learn (after making the same mistake around 500 more times probably!).  

31/05/2013 GBP/CHF (win, but I still got punked out).

Follow @Tradergonewild
Here is my entry chart for this long trade on GBP/CHF. It was based on the False breakout strategy as taught by Tom Dante. A strategy I'm still learning, so I only risked around 0.25% on this trade, but I was aiming for a profit of around 0.75% or three times my risk. Click chart to enlarge.

And here is the exit chart. The reason I took profit early was due to a bearish pinbar on the H1 timeframe which scared me. The pin failed of course and price went up to hit my original target. As a result, I only made a profit of 0.25% whereas had I kept my nerve it would've been 0.75%. Instead of making 3:1 RR I only made 1:1 RR. The lesson here is to leave the trade alone until you see something either on the same timeframe or higher. It's not the first time I've made this mistake either, I've actually made it a bunch of times, but it just shows how much psychology plays a part in trading.

30/05/2013 AUD/USD long (win)

Follow @Tradergonewild

Here's my entry chart for this long trade (click chart to enlarge). Risk was 1% of account. 

and here is the exit chart. I made a profit of 0.5% on this one. 

29/05/2013 GBP/USD long (win)

Follow @Tradergonewild
Here is my entry chart for this long trade. Risk on this was 1% of account (click chart to enlarge).

and here is the exit chart showing price going up and hitting my target. I closed on half of the position a bit early but still made a nice profit of 1.75% which I'm happy with since I only risked 1%.

22/05/2013 USD/JPY long (loss)

Follow @Tradergonewild

Here's my entry chart for this long trade. Risk was 1% of account.  

and here is the exit chart showing price going down and taking me out for a 1% loss. 

21/05/2013-GBP/AUD short (win)

Follow @Tradergonewild
Not posted a trade in a while. I've still been trading but just gotten lazy with posting charts. Gonna get back on track. Here is a trade I took on the 21st of this month. Click chart to enlarge. Risk was 1% of account.

Here is the exit chart which shows price going down. I took full profit at 1:1 so I made a profit of 1% on the account.