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Short 5 contracts, third trade of the day
My Support:$44.91
My Resistance:$47.42
My Stop:$45.15, manually trailed to $44.82
Stop was triggered
My Trade: In @:$45.28
Crude Oil & AUD/USD
Chartsaily
Crude Oil
My Support level: $44.61
My Resistance level: $$45.38 I'm expecting it to be violated
Trade: In @: $44.34 Long 6 contracts ,
$44.82 Long 6 contracts, $45.05Long 6 contracts
My Stop: $44.57 will be manually trailed.
Mindset: Well rested. I got in on this trade a little on edge was wishing the setup would hurry up and happen so I can get in on the trade. I still jumped the gun a little but being patient an allowing the trade to work is paying off. I didn't trade Oil July 10th waiting on this setup. Mindset now is good like a baby that has finally gotten his pacifier or bottle after crying for it, I'm very satisfied. This Journaling challenge is teaching me so much about myself, it is pointing out my flaws and I will definitely work on them. The flaws are so far Impatience, fear of missing out, & anticipation which can sometimes lead to anxiety and it leads you to checking other time frames which can make you doubt your trade, I notice for me it happens when I'm not well rested.
AUD/USD
My Support level: 0.76039
My Resistance level: 0.76235
My Trade: In @: numerous entries see photo
Long 9 lots @ 1.50, Swing Trade.
My Stop: 0.76230 will be manually trailed.
Mindset: Well rested. Feeling very confident with this trade I will let these trades run for as long as possible. I was thinking of quitting Forex trading before this trade but Journaling has taught me not to take waiting for setups and only getting in on high probable trades because Forex can be very aggressive to trade. I'm learning so much by re examining what I already know and being held accountable to do better.
My Stop: In manually trailed to $46.15 and was stopped out in profit.
Mindset: Super confident, but lacking on rest. I'm attending a Day Trading Expo Oil Trading Group at the time of managing the trade and got stopped out.