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.

TITZ:2 GBP AUD


Kind of a coin toss, I saw the 15m bounce off the 200, it was a 23% retracement and in the direction of the shorter trend (Bullish), I couldn't find any divergence and was leaning to Sell until I figured that would be counter-trend.

I saw 25pips looked to be the harmonic number on the 1 Hour.

I went in with .03 lots with the idea of scaling out once I had $5 profit and managed to take $1.80 and then put a trailing stop of 20 on it.

I didn't put a TP but was looking at the previous (yesterday's) peak as a Target. I walked away and missed the top.

When does "If not monitoring, place 1:1" apply?

I put the stop at 45 points, a little less than TITZ:1 which was 50 ish.

The 2nd 2/3rds closed out 1 pip less than the 1st 1/3rd.

Tuesday, December 6, 2011

GBP AUD missed by 3 pips!


I saw a support line forming around 1.5209 which was also near the 78 fib retracement and possibly a 23% on an smaller move.

I also found a slim divergence on the AO by about 20 points.

I knew it was a tight stop, thinking the support line would hold or it wouldn't - but I think support lines are a bit more fuzzy

The GB PMI came out positive and there was a very short spike at 22:28 but by 22:30 it was back to normal and started to go down.

I was thinking the PMI might pull it up, but it didn't, so I left it - I could've/should've closed out for a couple of pips loss but went to bed instead.

AB was anticipating low AU Bank numbers and for the AUDUSD to drop (and it did for 2 hours but returned in 7), which was probably the cause for my failed trade to go 1:2

Wednesday, November 30, 2011

GBP AUD


I wanted to jump in on a long so I could ride to the top 600ish away.

I jumped in and ended up 140 up, which was probably the end of wave 5, I held on for more and got retraced to my opening, (shoulda moved my stop or taken the profit?) and then opened another long full of confidence.

As I was going to bed I put 1 of them 1:1 and came out on top.

Over the Thanksgiving weekend, Belgium got downgraded which may have been the cause for the week opening to be so low and got stopped out.

Most previous Monday's have opened closely to the close so I wasn't anticipating a gap.
AB says the phoenix has only worked once in the last 4 times this year when the gap was more than 100.

GBP USD


I noticed the up trend line and thought the candle had broken through it, along with a slim divergence on the AO.
Sentiment was generally Bearish so I was gonna join in,
but the FED and central banks all got to together and shared USD to EUR which weakened the USD and sent everything else up.

http://online.wsj.com/article/SB10001424052970204012004577069960192509068.html

Actually looking back there was convergence of a 50 and 61 fib level for support to go up.

Am I looking for evidence to support (ill) preconceived sentiment rather than what the charts are saying?

Friday, November 11, 2011

complicated reasoning


I went short because AB was keen for it,

I left it overnight without a TP - I shoulda set it to 1:1 or 1:2 and been happy, greed played a factor as to why I didn't.

The next morning LTG were anticipating the return to 200 and to renter short.

I missed the re-enter but had moved/increased my stop so was still in and now more hoping it would drop.

Previous price movements didn't look likely to drop to me so I was relying on Fundamentals to come true.

Monday, November 7, 2011

the 1st one


I picked this one on my own.

I think on the Daily it was just coming back under the 50 EMA and I could see the engulfing candle forming on the 4H.

I went for a 1:1 because I was going to bed and it all worked out :)

Could've gone 1:2 but that wasn't the plan.

Gotta add the spread!


I missed out by 2 pips (on the sell price)! If I had of included the spread difference it would have worked :(

Monday, October 31, 2011

Last Time BOJ Intervened


Last time was 3rd August and the USDJPY gained 330ish pips and within 5 days was back where they started.
This time round it gained 400ish pips, how long will it take to return to 76.0?

When the Swiss bank stepped in

2011 - 09 -06

I didn't know what was going on and later found the EURCHF was to be fixed at 1.2.

right place right time :)

Going to bed = 1:1 TP




If I can't watch the trade and move the SL then I must set a TP of 1:1!

Wednesday, October 5, 2011

trying 2%


I jumped in on Big Es entry for the Sell. There is definitely a bullish trend but within a channel.

I found the channel after I was in the trade and then looked for support of my trade. The spike was a breakout of the channel, I did find some Fibnode support which is where I put the Stop Loss and I pushed the risk to 2% to give it some breathing room.


The breathing room lasted most of the night but I guess fundamentals or something else pushed it over.

Find more support for the trade before I get in, not after.

Monday, October 3, 2011

playing chicken with the Euro - 15023114


This was also only 56 pips against me on the tallest bar and I'd be 156 pips up by now