Skracors Thoughts and Journal of Trading
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thread: Skracors Thoughts and Journal of Trading

  1. #1
    Senior Member Pepeqf1962's Avatar
    106

    Skracors Thoughts and Journal of Trading

    First I would love to state I am starting this journal for ME. To write down my thoughts about trading, keep track of transactions, and hopefully grow frequently as a trader.

    I've previously been a notorious Indior abuser/follower/fiddler/experimenter.

    In order to additional imprint this thinking in my brain I will post exactly how I see that a chart and what I am searching for in a trade. Butfirst I need to jot a few things down.

    The Market and that I am in it.

    I have lately come to think that my fellow retail traders are really nothing and nobody else in the Foreign Exchange market place. Enormous Banking and Big Business would be the entities moving those little ticks up and down my price chart. My small orders do not even enter that huge river of order flow when I place them. Rather they input larger orders placed at a subsequent time by my retail broker. However, those banks particularly have an idea about what I could do in many trading situations, and have developed egies to take advantage of my tendencies.

    For example: I, a poor peon in the scheme of things, want to learn how to trade since I hear I will make good money. However, not knowing how to trade I instantly look for my broker to give me great information on where to place my Stop-Loss order. My broker patently gives me the answer of Above the last Swing-High or below the last Swing-Low conveniently leaving out the thought that the Banks understand precisely where these Stop-Loss orders are placed. How can the Banks understand the orders are there? Since the Brokers discovered to trade in a Bank! Thus giving the Bank, and very possibly the Broker, an edge against me the modest witless guy that loves to give my hard earned green.

    I think we Retail Traders play in a Shadow Market set up by our own Broker which allows us to pretend we're trading the true thing. I do think we could earn money at this, even large amounts of money(otherwise I would not be here). But I do not believe a little $10-$100 Market Order could move the numbers in my display!

    To conclude I am Nobody!

    Oh and I almost forgot. I think that my head is my strongest Indior.

    For Strategy Overview See: Post #s 143, 145, 146


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  2. #2
    Senior Member Pepeqf1962's Avatar
    106
    New trade Long 1.6412 SL 1.6396

    SL struck

  3. #3
    Senior Member Pepeqf1962's Avatar
    106
    I thought about starting a new thread simply to discuss what I am looking at here. Thought better of it as this forum can be brutal... Not sure I can also egorize this anyway.

    I had been hoping that if I put this info on here there would be some knowledgeable traders who would have any insight to the pitfalls and successes of the way of studying the market, possibly even somebody that deals this way. I dun, I guess I will plunge right into it then.

    What everybody keeps telling me is Keep It Simple, Price is all you require, on and, on and, on. So here are the three items in my charts.

    Support and Resistance: In the 4H

    Trendlines: Blend of 4H 15M 1M

    Price: Will utilize Both Line Charts and Candle Stick Charts

    Charts to Follow

  4. #4
    Senior Member Pepeqf1962's Avatar
    106
    I'm using the Line charts to setup Trendlines and Support and Resistance. Trendlines follow Swing Lows and Swing Highs. Support and Resistance is self explanatory.


  5. #5
    Senior Member Pepeqf1962's Avatar
    106
    Not much news to drive the markets today. Things are slow and my trades are now going nowhere.


    Eur/Jpy 29

    Eur/Usd 13

    Aud/Usd 5

  6. #6
    Have not seen you posting much in a while, you still around?

    I have been looking things on your thread, and wanted to post a trade I took today.

    EU 15M chart

    Gap closed, and gave high to low range (16 pips), then proceeded back to split top.

    Extended at 1.3375 with a exit at 1.3390. (16 pip range).


  7. #7
    Senior Member Pepeqf1962's Avatar
    106
    Here it goes first commerce entered. Cable

    Short 1.63603

  8. #8
    Senior Member Pepeqf1962's Avatar
    106
    Time to Transfer the SL -3 break even Commerce is up 15pips

    Transferring Quickly Sl break even up 30pips

    Trade is Performing fine SL Transferred to 1.63490 up 40 pips atm

    Knocked out at 1.63504 10pip gain

    Will Await another entry

  9. #9
    Senior Member Pepeqf1962's Avatar
    106
    New Entrance Short at 1.63431 with SL @ 1.63570


    SL Struck -14pips

  10. #10
    Senior Member Pepeqf1962's Avatar
    106
    New trade Short 1.63604

    looking for lots of Supply in the 1.63300 Area and Much More at 1.63180

    20 pips SL BE


    1.6330 Area broken if 1.6318 is broken looking for lots of Trousers crapping down to 1.6300

    Closed trade at 1.63183

    42pips

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