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Diary of a Trader – w/c 14 May 2018

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Authors’ Note:

All the entries here are made post-trade. I’ll not be posting real-time as this distracts me from what I’m doing with the markets, my job and everything else I’ve got going on. I’ll post winners and losers, but I’ll not post every single trade as sometimes they’re not worth it, but overall I’ll aim to have a good balance of trades posted. Nothing here should be taken as a recommendation to trade.

 

17 May GBP/USD Long/Short

I’ve been pretty busy with a few other things the last few days, but got back into it somewhat today with both a quick long from 1.3495 to 1.3509, sold half at that point and then the second half at 1.3505 as price retreated.

My second trade of the day is still live; a short from 1.3503, with half sold at 1.3485. The other half is still short, with my stop at +5 points. So, overall it’s been a good result, regardless of where price goes at this point.

 

18 May Brent Crude long

I’m on a bit of a winning streak at the moment having had about 10 winning trades on the trot, which is nice. Today we’ve a successful long trade on Brent Crude, taken at 7954, with scale out and exit planned at 7980 and 8000 respectively. Unfortunately, price withered and so I took profits at +11.

The downside of a winning streak of course is that they always come to an end. No doubt that will occur shortly, but in the meantime I’ll enjoy it. Let’s just hope I don’t get too badly spanked when the time comes, although of course risk management should take care of the issue.

 

 

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This article does not constitute investment advice. Do your own research or consult a professional advisor.

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