West's Trading Journey

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westcountry
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Re: West's Trading Journey

Postby westcountry » Tue Aug 16, 2016 3:36 pm

Just stopped out at BE +1. That was close, price was up about +14 at one point. I wanted to let that run a bit to at least +20 before grabbing pips.
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AUDJPYproM15SO.png
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westcountry
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Re: West's Trading Journey

Postby westcountry » Wed Aug 17, 2016 2:41 am

I have been thinking about HTF (higher timeframe) analysis and LTF (lower timeframe) entry with tight stops. . . Just experimenting with the concept here. Entered short as price was near/below the yellow zone as defined on the HTF chart Daily chart. Now waiting...
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EURCADproDaily.png
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EURCADproM15 LTF.png
EURCADproM15 LTF.png (39.37 KiB) Viewed 438 times

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westcountry
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Re: West's Trading Journey

Postby westcountry » Wed Aug 17, 2016 3:15 am

Just got taken out, as I had moved my stop to BE (break even).
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EURCADproM15 Out BE.png
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jrtrading
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Re: West's Trading Journey

Postby jrtrading » Wed Aug 17, 2016 11:08 am

My experience has been that when reactions from a level (say 1.4515) becomes weaker and weaker each time,
a breakout beyond that level is imminent. Just some thoughts.

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westcountry
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Re: West's Trading Journey

Postby westcountry » Wed Aug 17, 2016 5:59 pm

Thanks Jrtrading for your feedback. Its funny, I was thinking about that too...specifically, how many times could a zone like that get re-tested. I was thinking it would be best maybe after the first re-test as it would help define a zone. Beyond that to me it felt like a real gamble. (which is why I kept that S/l tight then to Break even). So yeah, again thanks for all your input, I really appreciate it.

-West

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Re: West's Trading Journey

Postby westcountry » Mon Aug 29, 2016 5:36 pm

I have been fascinated by the 1-2-3 strategy for a while after reading a lot of what is shared in dchappy's thread and other threads on this forum. Here is a setup I found this morning where my "Sell" entry just got hit.
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USDJPYproM15 123.png
USDJPYproM15 123.png (41.62 KiB) Viewed 273 times
USDJPYproM15 123 in.png
USDJPYproM15 123 in.png (39 KiB) Viewed 273 times

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Re: West's Trading Journey

Postby westcountry » Mon Aug 29, 2016 5:55 pm

I wanted some quick pips, so I took some quick pips, plus price slowed down....Out now.
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USDJPYproM15 out.png
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westcountry
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Re: West's Trading Journey

Postby westcountry » Mon Aug 29, 2016 8:23 pm

Here is a beautiful 1-2-3. . . . I missed this one by a candle or two, so did not get in....just watching it sail downwards now.
No worries...there will be others :D
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AUDJPYproM15 missed this one.png
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westcountry
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Re: West's Trading Journey

Postby westcountry » Tue Aug 30, 2016 2:11 pm

I did not see a nice 1-2-3 setup on the 15 minute this morning, so took a quick and easy Breakout for about +12 pips.
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EURUSDproM15bo.png
EURUSDproM15bo.png (39.82 KiB) Viewed 224 times
EURUSDproM15 exit.png
EURUSDproM15 exit.png (38.44 KiB) Viewed 224 times

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westcountry
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Re: West's Trading Journey

Postby westcountry » Wed Aug 31, 2016 2:09 am

Now I am taking the 1-2-3 to the upside in Asia session...yellow line pretty much in the same place as this morning in NY session.
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EURUSDproM15123 asia.png
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