Castlemain's trades

[Castlemain]

Dear all,

I'm posting all my trades here. Any comments / criticisms welcome, and many thanks in advance.

Nick the newbie.

 

[Castlemain]

Trade 1:
Order placed when bullish pin bar appeared on the chart
Not filled during the Asian session - price seemed to take off
Price reversed during London open, no pull-back long
Closed trade with 1% loss rather than letting the price drop further to stop @ 2%
(may yet reverse and turn into a winning trade)

 

[Castlemain]

GBPAUD - Big release day today, so I picked a non-US pair with a pin bar on the 4 hour chart...

 

[Castlemain]

I decided to use split money management. The price brushed my first target, so I thought what the hell and let it play out. Big mistake... At least I didn't lose.

 

[Castlemain]

AUDNZD - my first successful swing trade!
Had a small loss on the previous rejection candle that didn't work out.

 

[Castlemain]

Oanda chart showing entry and exit...

 

[Castlemain]

Now long AUDJPY. V wide stop, more than I would want, but if it gets hit, I'll know that the setup has definitely failed. Realistically shooting for just over 1 to 1 R/R. Strong bullish rejection candle the previous day, and today's close is higher than the previous day's high.

 

[Castlemain]

Also, JPY and AUD are converging on my currency strength meter. Extra confirmation.

 

[Castlemain]

Had a change of heart about this trade over the weekend. I don't like the price - too far away from support, not good enough risk to reward. Now that I'm trading real money, I only want to take high probability positions with good R/R.