Newark18's trading journal

[newark18]

AUDJPY short entry. Price respecting cone. Now once price starts to respect pennant, then I can double and trail SL above the price spike. Targeting ZL area below.



Edit: Price spiked. I will try to get out after price returns from the breakout area. And then reassess.

[newark18]

Price action on AUDJPY reminds me of this picture:



And the reverse of the this picture (with the circles):



I think the entry is still short but I am just a bit early. I guess we shall see.

[newark18]

USDCAD update: Price took out ZL, BO/BI top of cone, BO/BI top of pennant, and a BO down. Waiting for a retracement (back to congestion) and will short from there.

[newark18]

Trying AUDJPY again.

[newark18]

Update on AUDJPY. Big win. Entry was very accurate and was able to double. I was looking for a spot to double again but could not find any.

[newark18]

AUDCAD showing a similar reversal pattern. Going to wait until I see price hit the top of the cone. I believe MO called this the upset. I am going to look into Jal's suggestion of using a trendline as entry.

[newark18]

Nice long setting up on AUDUSD. Going to wait until price comes back to lower cone for entry.

[newark18]

Pretty proud of this entry. I saw the set up as it was happening and knew exactly where to place my limit order. Whether it will lead to a big down move is questionable but I will probably TP earlier and re-enter.

[newark18]

I am still hoping AUDUSD retraces to top of pennant for entry.

[newark18]

AUDJPY is also setting up long. Gonna wait for a better entry