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Munawar Azeem Trading Journal
Munawar's Trading Journal Update: 03/10/202. • Hello to Everyone. This is an update to my trading journal. I hope you are doing well and benefiting from the high market violation. Now that a new week has begun, we are prepared to carry out our trading strategy and attempt to gain points from metals markets and currency pairs using USD as their base. The U.S. dollar index made a strong comeback last week, breaking below the Bollinger Bands midline and above the neutral base bridge at 111.50, which will be the key bearish range. The continuous divergence may end around the weekly candle at 112.20. In this situation, long-term traders must validate the signal. Friday's high-affected news data on the NFP will also point to a negligible amount of potential resistance at 110.00, or a reversible reversal might create resistance close to 113.80. • Today's Economic Data: Someone will affect the market by today's high-affected news for the USD currency, "ISM Manufacturing PMI." As a result, we must concentrate on price action movements before placing more trades on relevant currency pairs. • Close Trade: I bought some natural gas and sold it before the market closed. I used $2 lot sizes on the sell side starting at 6.841 When the market started today, it was trading at. 6.637, and I ended the position with a profit of $37. Order Details: Symbol: #NG Order Type: sell Open Price: 6.841 Take Profit: not set Stop Loss: not set Lots of sizes: 0.02 Status: Running Trades in a profit of $37.40 • Active Trade: After I close the last transaction, I open a new position in crude oil. I am now making a profit of $8 on this trade as well, but I have utilised a $2 lot size because I know I can make much more money from it. Order Details: Symbol: #CL Order Type: sell Open Price: 82.23 Take Profit: not set Stop Loss: not set Lots of sizes: 0.02 Status: Running Trades in a profit of $8.20 • TRADES FOR EUR/JPY: Recent sessions have seen a sharp increase in the euro's price against the yen. This rise has broken through the immediate resistance level and established a new bridge above 141.50, which suggests that this week could see an upward reversal correction towards 145.00. I started trades within the current legislative stability zone, watch for a breakout of 142.60 on the first day, and then hold these trades with an existing target range of 143.34. The bulls may also be done, and more losses could push the market far below 139.30 if the downslope overlap situation rejects the upside base and breaks the 140.00 low. There will be some pip losses because of the existing stability. While additional crosses of the fanfiction levels could provide more support for taking pips from the moving market.
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