forexjpn's trade journal
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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.
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......
- Captain Pugwash
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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.
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
GU
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.
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 (50.71 KiB) Viewed 4543 times
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GU Update
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)
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)
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- GU3.png (30.58 KiB) Viewed 4521 times
EU
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.
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 (28.68 KiB) Viewed 4511 times
- TygerKrane
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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.
EU/GU
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........
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
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- EU14.png (29.4 KiB) Viewed 4447 times
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- GU14.png (26.05 KiB) Viewed 4447 times
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