Tuesday, September 10, 2013

Looking back I might have been good with Trading in the Zone, I've forgotten what the trading plan was for those Trades, if I join it with a Price Action trading plan and larger time frames i.e daily, I should have something here.

I need to go find the book and re-read it

1st Price Action Trade

There's a n inside bar two days before the trade, I tried for a R2 based on a 100pip risk.

First of all I actually put it on 10 pips risk and got stopped out for a dollar because this account is 5 decimal places.

I jumped back in again risking $10 like the other account.

Trade plan followed in that it was set and forget, maybe not a perfect setup however.

Should just wait for pin bars on the daily maybe?

Sunday, April 22, 2012

Marina's EURJPY


So this analysis is all Marina's, based on wave counts and the AO indicator

Thursday, January 19, 2012

1st EUR NZD



I should probably pay more attention to this pair.

I saw this setup before I went to bed but was scared of being wrong because of the previous trade on this pair:



I got in too early on the previous trade (even though I was right I was still wrong).

It looks like the Fibs held in this instance, on the previous trade I drew my fibs in the wrong place and looked for a continuation of the trend.

We've come to an all time low and bounced a little bit.

I need to learn market sentiment

Tuesday, December 20, 2011

don't let a winner turn into a loser!


I missed out by 1 pip, but could've caught it at $3 positive (I moved my stop closer) and then at .30c when I should've closed out.

I t was one of Dom's calls that I modified because I got in late

Thursday, December 15, 2011

TITZ:3 I bottled it and missed out on 200ish pips


I entered at a good spot 1.5462 anticipating the move up, My stop was at 1.5429, price came close to my stop which was just below the 200 MA.

I could start to see a downward slope starting to develop, which spooked me and I resolved to get out the next time price came up to my entry.

I got 1 pip out first and then took the other 2 10 minutes later instead of riding the ulcer roller-coaster.

Lost Opportunity is better than lost capital, but this opportunity would've had me back at break even (grr).

I must hold fast to my convictions and have confidence in the analysis.

Monday, December 12, 2011

TITZ:1 GBP AUD


The 1st trade following the TITZ test,

Be Bold - be consistent and disciplined, go in 3 lots and scale profits out.

Although Scaling out is not how Grant does it because in general you don't scale out losses.

I can't remember why I chose to Sell, maybe 'cause the curve was leveling out and it looked like the 23% would hold as resistance, anticipating a continuation down.

On the 5 minute you can see some strong momentum down which would have encouraged me.

I held the stop open to see if it would bounce, which was a test on discipline.