Hendrik Trading journal

[HENDRIK]

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[HENDRIK]

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[HENDRIK]

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[charles]

Hi Hendrik,

Tomorrow and Friday, we have set of news for the GBP, I firmly believe if there are positive signs on this news, we are in for big move of the pound.
but, i dont think it should be against the USD, it will be more against chf, aud and cad.
the pounds is at unseen level still with those currencies.

[HENDRIK]

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[HENDRIK]

SUMMARY OF JANUARY 2010
TRADES MADE 12
LOSSES 2 17%
WINS 6 50%
NO LOSS/PROFIT 4 33%

LESSONS LEARNT
1. DO NOT TRADE OUTSIDE BOLLINGER. CHECK ALL TIME FRAMES.
2. TSL OF 20 IS TOO SMALL.

SUMMARY OF FEBRUARY 2010
TRADES MADE 23
LOSSES 6
WINS 15
NO LOSS/PROFIT 2

[HENDRIK]

TRADING OF FEBRUARY 2010

EUR/USD
shooting star H1 @ 0:700 on 01/02/10
entered short at 3877
sl 70
sl taken
lesson: entered too soon. shouldn't have stayed in overnight. only reached Mark's idea at 23:00 SA time. I was dog tired and went to bed. BAD START FOR FEB

[HENDRIK]

3 Feb
Eur/Usd enter long at 1.3980 for a sclap ofTp 20 pips as I believe 4000 might just be the ideal resistance
Waiting to go short on candlestick

Eur/Usd
short at 1.3894 sl taken down 50 pips

Gbp/Usd
Daily chart took a long after hammer and confirmation candle at 1.6041 with a long term target of 1.6280. Sofar so good. This time no tsl I will move sl to b/e soon.
SL was taken out

Gbp/Usd
entered short at 1.6010 sl at b/e (market turn at prev. support now resistance)
lesson: forgot to look further than my nose
closed the trade at 5967 it went down for another 40 pips.

Gbp/Usd
entered short at 1.5980 closed at 5967

Eur/Usd
enter long at 1.4026 as candles were outside bollinger target 4080 sl 35
sl was taken

Eur/Usd
short at 1.3960closed this trade at 3952 with small profit. I had to go and work in the vineyard too my own dissapointment as the trade went to 3900. Got in it too late. Work outside and trading does not work out to my satisfaction

LESSON: RATHER CONSIDER B/E SL THAN MISS OUT ON GREAT TRADES

[HENDRIK]

4 Feb 10
Followed Mark's trading idea entered short at 3834, it was negative for quite a while. I had to leave for a couple of hours and thought I would be thankful to get out of this trade positively. set tp at 3832 for 2 pips. By golly on my return I found I could have made another 30. Trend was still strong.

re-entered at 3802. by bedtime closed the trade at 3765 for 37 pips.
The next day -- had I stayed in overnight while the dow was falling I could have made a further 100 pips. Oh well so it goes.

[HENDRIK]

I haven't traded since 4 Feb. I'm proud for exercising great patience