Out at -12 after price closed over the open of previous green candle on 5min. chart.
I don't usually have the opportunity to do that, but I took the day off today, so I have the luxury of looking at lower TF.
Interestingly, had I entered from the lower TF, I would have seen that momentum was against me. Whatever, lol, next trade..........
forexjpn's trade journal
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OK, no more fiddling around with trades........if I was working and not looking at the M5 chart, would have stayed in and made it to my TP..............gonna enter my trades and let them go as planned as usual.
Anyway, got in at next retrace after BO, so no complaints
Anyway, got in at next retrace after BO, so no complaints
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- ScreenHunter_02 Jun. 18 00.11.gif (22.62 KiB) Viewed 4639 times
First trade for today, missed the first entry (long wick), got in on the second one at 1.4323
Again, want to point out that the trade immediately went into positive pips......that's way I like getting in at the line and not waiting for PA to confirm.
Whether it continues to go up, we'll see, but could have already gotten out for 10pips if I had wanted to.
Again, want to point out that the trade immediately went into positive pips......that's way I like getting in at the line and not waiting for PA to confirm.
Whether it continues to go up, we'll see, but could have already gotten out for 10pips if I had wanted to.
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- ScreenHunter_02 Jun. 21 11.49.gif (25 KiB) Viewed 4577 times
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*********************Start From Here************************
OK, I'm back....will keep all posts brief, I don't have anything new to add, just thought I'd post some trades and hope it helps someone.
Want to start off again by acknowledging and giving thanks to all that have given me ideas to get where I am today....
MO - trading momentum, Z-lines
ES/PIP, Dragon, Bredin, Dojirock - countless examples and explanations
Trading Theories I have studied and have helped: VSA, WRB Analysis, Supply/Demand
OK, I'm back....will keep all posts brief, I don't have anything new to add, just thought I'd post some trades and hope it helps someone.
Want to start off again by acknowledging and giving thanks to all that have given me ideas to get where I am today....
MO - trading momentum, Z-lines
ES/PIP, Dragon, Bredin, Dojirock - countless examples and explanations
Trading Theories I have studied and have helped: VSA, WRB Analysis, Supply/Demand
Last edited by forexjpn on Sun Sep 06, 2020 5:21 am, edited 2 times in total.
G/U
Here are a few of my trades from last week.
I trade H1 exclusively, mostly E/U and G/U for FX and ES for Futures.
Brief explanations for my trades:
1. Entered at 50% retrace and exited after next Momo
2. Entered at 50% of Momo (the one I exited on) and put in a TP at next Z-line which I believed to be the extreme of a big Momo from Fri.
(note: if a Momo is not retraced, I move the Z-line to it's body extreme)
3. Entered at the break of Monday's Z-line, stopped out at extreme of Momo........ouch, but I would take that trade any day, so no regrets, move on to next trade
4. Entered at retrace to Momo body extreme and stayed in even after the long wick close.......I felt this was only to clear the way for a bigger move up
5. Entered a second position after the small up bar after the long wick bar (as it confirmed that to me that the long wick bar was not bearish), out at closest Z-line........in hindsight, I left a lot on the table, but I always exit at closest Z-line or next Momo and re-enter
However, this time, I wasn't sure what to make of the huge wick, so stayed out.
6.Entered at 50% retrace, had TP set at 50% of wick, which was about 20pips........was being cautious, because I still wasn't sure what to make of the huge wick........... unfortunately, I didn't give myself enough room for my SL and was stopped out just before price moved waaaaaay up........what evs....lol
I trade H1 exclusively, mostly E/U and G/U for FX and ES for Futures.
Brief explanations for my trades:
1. Entered at 50% retrace and exited after next Momo
2. Entered at 50% of Momo (the one I exited on) and put in a TP at next Z-line which I believed to be the extreme of a big Momo from Fri.
(note: if a Momo is not retraced, I move the Z-line to it's body extreme)
3. Entered at the break of Monday's Z-line, stopped out at extreme of Momo........ouch, but I would take that trade any day, so no regrets, move on to next trade
4. Entered at retrace to Momo body extreme and stayed in even after the long wick close.......I felt this was only to clear the way for a bigger move up
5. Entered a second position after the small up bar after the long wick bar (as it confirmed that to me that the long wick bar was not bearish), out at closest Z-line........in hindsight, I left a lot on the table, but I always exit at closest Z-line or next Momo and re-enter
However, this time, I wasn't sure what to make of the huge wick, so stayed out.
6.Entered at 50% retrace, had TP set at 50% of wick, which was about 20pips........was being cautious, because I still wasn't sure what to make of the huge wick........... unfortunately, I didn't give myself enough room for my SL and was stopped out just before price moved waaaaaay up........what evs....lol
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- GU2.png (30.7 KiB) Viewed 3866 times
Last edited by forexjpn on Sat Feb 09, 2013 6:41 am, edited 2 times in total.
A question for anyone willing to give their opinion..........on Tuesday (Feb.5) after I was stopped out of my trade, there was a huge down move........however, I couldn't enter based on any of my entry rules. I drew a white line where, I might have been able to enter, but I question whether I would have taken that 'real time'. The other entry (circled) I had, occurred right at Demand/Z-line, so I would have passed on that, because of the high potential of reversal.......
Thanks in advance for any suggestions.
Thanks in advance for any suggestions.
Last edited by forexjpn on Sat Feb 09, 2013 6:33 am, edited 1 time in total.
E/U
Here are my E/U trades........
1. Entered at 50% retrace, out a Z-line from Tues. Momo
2. Entered at extreme of Momo (because it was not retraced on), out at mini Supply zone from Wed.
1. Entered at 50% retrace, out a Z-line from Tues. Momo
2. Entered at extreme of Momo (because it was not retraced on), out at mini Supply zone from Wed.
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- 2013-02-09_1432.png (26.33 KiB) Viewed 3868 times
- Captain Pugwash
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forexjpn wrote:A question for anyone willing to give their opinion..........on Tuesday (Feb.5) after I was stopped out of my trade, there was a huge down move........however, I couldn't enter based on any of my entry rules. I drew a white line where, I might have been able to enter, but I question whether I would have taken that 'real time'. The other entry (circled) I had, occurred right at Demand/Z-line, so I would have passed on that, because of the high potential of reversal.......
Thanks in advance for any suggestions.
EDIT - Ahh sorry forexjpn- wrong chart - but i will leave the markup here anyway, if you don't mind? , - as it might help others - let me know if you want me to delete it mate - no worries
This is just my take on things - others might see things quite differenty
look at the big picture shipmate - you were in a great trade - but you chose to exit the devil
btw - the hourly chart shows a rose thorn into supply - i wiil post another chart
hope this helps
"MOJO 1)Self-confidence, Self-assuredness. As in basis for belief in ones self in a situation. Esp/In context of contest or display of skill such as going into battle. 2)Ability to bounce back from a debilitating trauma and negative attitude YEH BABY
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