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Hello guys,
I'm creating a new journal specific for my forex swing trades. I wanna separate the trades I'm doing for my ES futures daytrading journal and Forex swing trading journal.
I'm also creating this in the public trading journal so that I can easily share it with my mom.
This journal will be strict to forex swing trading only. The lowest timeframe I'll be looking at will be the 15min candles.
My topdown approach will mostly be using the Daily chart as a way to build context and look for opportunity in the 240min or the 60min candles.
I do not have any plan right now as I've been vacuum from trading forex while learning to daytrade futures and I'm creating this journal to keep me accountable and post more regularly.
I'm looking to go long in GBPJPY for a further continuation of the trend into the balance area of 130-132.
I'm expecting the momentum to continue a bit further and looking to enter in the 129.80 consolidation area.
AUD is starting to cross the 0 line in the 10 day performance chart and the slope is upwards.
EURAUD just rejected the 1.45 area in the daily chart and this week it opened gaping down. Looking to trade to the downside if:
1. Pull back to 1.445 and look to short before it break down
2. Push thru 1.44 and consolidate, building volume, look for short in the new balance.
GBP and JPY seems to be the strongest and weakest still. JPY has had a very extended move.
AUD, NZD and EUR seems to start creeping up. Might look at these pairs if GBP, USD, and JPY starts to stabilize.
CAD has started to weaken, so caution long on CAD pairs.
"If I trade only setups I will continue to struggle, but if I trade my thesis I be successful" - Inletcap
