thread: Trading with the Edge.

No indiion of weakness in this pair. Nice clean move all the way into the response line.

Price has failed to get to the median line. If we receive a sell signal that is valid, lets see. It may pause here a bit and then proceed.

Sold for a fast scalp in 1.5812. SL was just 10 pips. I am hoping to ride it to 38 percent retracement of yesterdays high/low at about 1.5756.
Sl currently breakeven.
Edit: Profit taken at 82. . 30

I shut the aforementioned trade because we could test the highs until we return. . .if we go down.

Individuals missing yesterdays up movement of 200 and pips was not debilitating but lacking an opportunity to pay off the UPL again is very debilitating.
As I wrote yesterday I no longer wish to exchange the volatility of an information release. Thus missing the journey wasn't any problem. However, after I had sold the red fork to the median line and the marketplace moved to the top parallel line again to offer you another chance to resell it I neglected to do this since I was not focussed is a big problem. This was a very good signal where the odds of a favourable result were even larger than the first commerce. I understand there will be several different opportunities during the day not to mention the rest of my trading career so I should not beat myself about one missed chance. But, the point is that I lost focus by writing in another journal at another website and here.
My new egy of action would be to stop posting live trades here. It has never been my intention to supply live commerce calls. Since that's not the reason then why must I divert myself by taking screenshots, uploading, composing a short explanation and then updating. This takes time and there are times when one has to really comply with the formation of each bar to have a feel if the market movement is in accore with ones expectations. This focus can potentially save many many pips(by cutting reductions faster) and also make a lot many pips(simply moving the gain goal further from cost action). I'll continue to post all of my important trades as well as the commentry daily basis however, I'll do it in the close of the day. I shall perform the weekly analysis and ofcourse in the end of the three month trial I will post my equilibrium and daily motions for the whole period.

Now I implemented an almost perfect trade. Perhaps the best one because I have been writing this diary. The market failed to reach the median point of the upsloping blue fork. Indiing a additional move. This morning at the european session I saw that it was respecting the red branch, so I placed a market order(206.73) of the re-test that also happend to be at the 50% retacement of yesterdays range. I had been full on a spike. My stop loss was just 20 pips above and I wanted to ride it to the median line. It eventually reached the median line and also gave me a profit.

I'm done for the day. A week. 4 winning days.I inserted a small amount to my whole balance and it is currently down by less than 5%.

This week I hope to build on the success of past week by being more focussed and selective in my trade choice and implementation, and when God wills then maybe I might even get close to breaking even in my trading accounts.
I shall continue to concentrate on the geppy weekly. If an opportunity arises in the cable shall take it aswell. The essential amount for geppy this week would be the 205.75. If it gives way maybe we could make a dash for the 200 level. If 205.75 holds then we are looking upwards to 208.50 and 209.75 levels. Of course being the beast that it is, anything could happen.

An extremely bad start to the week. Took 2 trades based on whim, entirely against my machine. Well, in the sense that if I took the trade there wasn't any installation that I perceive as an edge. I moved short this morning at 205.50. Stoploss was 30 pips away but since the market moved against me moved my stop away from the price and got stopped out for a 50 pips loss. Then went long at 206.73 just to be stopped out in 206.28. There are no charts today as the trades were taken purely on emotions. A bad bad day in the office today. Oh nicely as Mark Douglas states in the event that you take arbitrary trades then you will get random results.

Although rewarding yet another day at the office. I was happy because I didn't have a valid installment, that all morning I didn't trade. In the day I gave in to my desire to take. Following the US figure, cable fell and I sold it in 2.0085. Managed to get 60 pips. I am disappointed that I failed to follow my system again. As part of these rules I will take the remainder of the week and only trade on a demo accounts.