forexjpn's trade journal

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forexjpn
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Postby forexjpn » Sat Feb 09, 2013 12:32 pm

Thanks Captain, no need to delete anything........all charts are greatly appreciated!

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forexjpn
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Postby forexjpn » Sun Feb 10, 2013 3:22 pm

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.


Taking a closer look at the chart, I guess it would be good to zoom out or as Captain suggested, to check a HTF............to see why price turned at that point.

However, I still like to base my entries on more current PA, even when price hits a distant Z-line or S/D Zone. I often use distant lines and zones for exits, but for entries, I would like to have a retrace to a more 'current' line/zone.
The white line I marked, for a possible entry, will be added to my 'arsenal' as an entry point from now on......

forexjpn
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Postby forexjpn » Sun Feb 10, 2013 3:29 pm

Captain, I want to thank you again, for posting and marking your charts........it always helps to see things from a different perspective.
I've seen your charts before on other threads and I learn something new everytime........

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Captain Pugwash
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Postby Captain Pugwash » Sun Feb 10, 2013 3:40 pm

Thankee kindly shipmate - it feels good to give back - especially as I have learned everything of any importance from the posters on this forum.

Have a look at Withnails "Ye olde trade log" I particularly liked that.

But everybody has different "wiring" in their heads - so its not a one size fits all game.
"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

forexjpn
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GU

Postby forexjpn » Wed Feb 13, 2013 4:23 am

First day I am able to trade this week.
This is what I'm looking at on GU.
Have a pending order at the checkmark.........price came close but not in yet..........if price moves on without me, I will look for another entry point further up.........we'll see.
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GU13.png
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forexjpn
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GU Update

Postby forexjpn » Wed Feb 13, 2013 11:38 am

Update:

Pending order was filled....... closed at candle close for a mere 7pips, as it didn't look good as it closed.
Had to go back to work after that and couldn't/didn't participate in the big drop.

Edit: (ignore that big red arrow......have no idea where it came from)
Attachments
GU3.png
GU3.png (30.58 KiB) Viewed 969 times

forexjpn
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EU

Postby forexjpn » Wed Feb 13, 2013 12:37 pm

Would have liked to enter at A, but was working.
Entered at B at candle open......felt there is nothing really in the way before 50% line of WRB/Momo from Thur. (2/7)
Will TP at 50%, just in case.
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EU.png
EU.png (28.68 KiB) Viewed 959 times

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TygerKrane
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Postby TygerKrane » Wed Feb 13, 2013 6:02 pm

For your pending orders, what kind of leverage entry are they?
Is your SL always the same size, or is it based on something chartwise?
What is your average SL size?

**Krane catches Tyger** !>I'm here to chew bubble gum and make major pips...and I'm all out of bubble gum.<!

forexjpn
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Postby forexjpn » Thu Feb 14, 2013 2:06 am

TygerKrane wrote:For your pending orders, what kind of leverage entry are they?
Is your SL always the same size, or is it based on something chartwise?
What is your average SL size?


Hi Tyger, this is my short answer, I had a longer one, but it got far too complicated........ Hope it answers your questions.

I use the same leverage for pending and market orders.
My SL is usually beyond the extreme of the candle before the MOMO or beyond the extreme of the nearest pivot point.
My SL can be quite large at times, but in those cases it's more of a 'catastrophic' SL.
If I'm using my bastardized version of 'space', my SL can be around 100 pips, but on my standard trades, my SL's seem to average about 20.

forexjpn
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EU/GU

Postby forexjpn » Thu Feb 14, 2013 11:39 am

Here are two trades from today.
EU worked out well. Exited at what I considered to be a sig line and reentered when it closed over it.
GU didn't work out as well.........I wasn't too sure about it when I entered, so when it started to reverse, I got out at -6pips........
Attachments
EU14.png
EU14.png (29.4 KiB) Viewed 895 times
GU14.png
GU14.png (26.05 KiB) Viewed 895 times

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