Ikhtiar Trading Jurnal

Today I tried to buy EURUSD with my stop-loss placed at 1.1742 and take-profit at 1.1713. EURUSD on the M15 timeframe. From the candlestick patterns I saw, many candlesticks appeared with long tails at the top and bottom. This indicates market uncertainty or strong resistance between buyers and sellers. For example, when the price rose sharply, the candlesticks formed had long shadows at the top, indicating significant selling pressure after the price rose. Similarly, when the price fell, some candlesticks showed long tails at the bottom, indicating buyers' efforts to stem the decline.

My open sell position on EURUSD hit my stop-loss, resulting in a loss of $1.50. EURUSD is seen rising today and has successfully broken through the 200-day moving average (MA200). Currently, EURUSD has begun to move above the 200-day moving average, indicating a possibility of further upside.

Today I attempted to sell the USDX with a stop-loss at 97.87 and a take-profit at 97.58. On the M15 timeframe, the USDX price has formed several candlesticks with long upper tails, especially when approaching the moving average line. This indicates a strong seller reaction whenever buyers try to push the price higher. Conversely, when the price falls to the lower area, candlesticks with long lower tails also appear, indicating buyers' attempts to stem further declines. This pattern confirms that the market is experiencing a power tug-of-war, but the underlying trend remains downward.

My open sell position on the USDX hit the take profit, resulting in a $1.50 profit. The USDX remains in a bearish trend today, currently moving below the 200-day moving average (MA200). On the 15-day moving average (TF), the USDX has successfully broken through the support area and is likely to continue falling.

Today I attempted to sell GBPJPY with my stop-loss placed at 198.60 and take-profit at 197.87. GBPJPY on the M15 timeframe. In the medium to short term, the movement pattern shows a series of fairly regular declines, with the price forming lower highs and lower lows. After the sharp decline, the price attempted to move up but was held back and returned to a consolidation area. Currently, the price is seen moving sideways around the 198.20?198.40 area. Consolidation below a moving average usually indicates that the market is gathering strength to continue the previous trend, in this case, a further decline is likely.

My open sell position on GBPJPY hit my stop-loss, resulting in a loss of $2.45. Today, GBPJPY appears to have staged a false breakout, hitting my stop-loss, which I set at 198.60. The current GBPJPY trend is still bearish, as it remains well below the 200-day moving average (MA200).

Today I attempted to sell GBPUSD with a stop-loss order placed at 1.3459 and a take-profit order at 1.3405. GBPUSD on the M15 timeframe: If we analyze it using price action, the previous sharp decline formed a new lower low pattern, followed by a less severe correction. This pattern indicates that sellers still dominate the market and buyers are unable to control the direction of the movement. Furthermore, the consolidation that followed the large decline indicates a gathering momentum, where the market is likely waiting for momentum to resume its movement in a clearer direction. Given that the dominant trend remains weak, the potential for a continued decline towards the next support area is high.

Today I tried selling gold with a stop-loss order placed at 3865.44 and a take-profit order at 3830.96. On the M15 timeframe, the pattern formed after a decline in gold indicates consolidation below the resistance area. This consolidation generally indicates the market is gathering strength before continuing its next move. Since the current dominant trend is down, the greatest potential for this consolidation phase is a continued decline. Furthermore, the emerging lower high pattern indicates that buyers are not strong enough to push the price higher, and seller pressure remains dominant. A closer look reveals that the price briefly rose steadily, then peaked, and then experienced a sharp decline, breaking below the moving average line.

Today I tried to sell EURUSD with my stop-loss placed at 1.1735 and take-profit at 1.1696. EURUSD on the M15 timeframe. From the price action perspective, we can see repeated rejections around the moving average area. Every time the price tries to approach that area, selling pressure arises, causing the price to fall again. This is a strong indication that sellers are still dominant and buyers have not been able to reverse the situation. In conditions like this, a safer strategy is to follow the trend by focusing on selling positions in the resistance area, with a stop-loss placed above the resistance level to anticipate a breakout.

My open sell position on EURUSD hit my stop-loss, resulting in a loss of $1.90. Looking at the EURUSD movement on the 15-month timeframe, it's indeed rising and has now broken through the 200-day moving average (MA200). It's likely to test the resistance at 1.1756.

Today I attempted to buy USDX with a stop-loss order placed at 97.73 and a take-profit order at 98.14. The USDX on the M15 timeframe indicates a shift from bearish to bullish. The breakout, followed by a bounce from the support area, confirms buyer dominance. As long as the price remains above the moving average, the potential for the uptrend to continue is wide open. Therefore, the most appropriate strategy is to focus on long positions, exploiting price corrections as safer entry opportunities.

My open buy position on the USDX hit my stop-loss, resulting in a loss of $2.20. The USDX appears to be currently falling and moving below the 200-day moving average (MA). However, if it wants to fall further, it must at least break through the demand at 97.57.

Today I tried to buy Bitcoin with a stop-loss order placed at 121250.51 and a take-profit order at 123412.65. Bitcoin on the M15 timeframe. Looking at the candlestick pattern during the consolidation phase, it appears that buyers and sellers are still holding back each other's strength. Several attempts at price movement failed to break through resistance, while each decline was also halted at the support area. This indicates a temporary balance between buying and selling pressure. In such conditions, traders should wait for clear confirmation of a breakout before taking new positions to avoid getting trapped in a potentially fruitless sideways movement.