Another crack at this SOB... 3rd journal -
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thread: Another crack at this SOB... 3rd journal

  1. #21
    Weekly round up:

    EJ 87, 62.
    EJ -103,-107.
    NU 63, 97.
    AJ 86, 105.
    EG -48,-48.
    UCAD -80,-80.
    ACAD -37,-37.

    Over all, lost 40 pips. Balance went from $40 to $32.

    Analyzing the trades:

    The next EJ trade wasn't in line with my current way of trading, it had been a BPC trade. After the BPC I must have waited for a 4hr confirmation as per my current method.

    Of all the other trades:

    the very first EJ was together with the daily fad.

    NU was contrary to the daily, but had been with a daily pin.

    AJ was contrary to the daily, but was with a daily engulfing bar.

    EG was daily, and no supporting PA..

    UCAD was against the daily and no supporting PA.

    ACAD was together with the daily but up against very powerful resistance.

    I am still feeling my way with this method. I must be more weary of the daily trend, also S/R.

  2. #22
    Next few transactions I will describe when I take them, but it is basically just the old 1-2-3 method with a bit of variation and the xpMA to help visually, and with premature entries.

    The xpMA can be found by performing a search of FF.

    The QQE's at the bottom, I do not really look at any more, will probably eliminate them but they may also be found with a search.

  3. #23
    Pending: EG brief, at 0.8295, stop 0.8525, t1 open, t2 open.

    Arrowed candle has broken through and closed below service at 8320 mark. Price has pulled back into 8320, but could not break through, hence turning it into resistance, so entry set a couple of pips below break-through candles reduced, and sl set a bit above the s/r mark.

  4. #24
    Also the QQE/s and the xpMA have gone. Just a 14 sma on the near ( Blue ) and also s/r traces on my charts. The 14 sma is extremely near the xpMA.

    A number of my transactions will be BPC about s/r lines such as the pending EG, and many others will be seeking pull backs to the sma and then a candle showing a continuation of this trend.

  5. #25
    EG trades triggered. T1 closed at 8275 20 pips, t2 ceased transferred to break even.

  6. #26
    Pending ECAD brief at 1.3355, stop1.3410, t1 open, t2 open

  7. #27
    EG t2 reach stop at break

    ECAD's triggered, hit quit, t1 -55 pips, t2 -55 pips.

    Never must have obtained ECAD. I was not 100% happy with it from the beginning. That in itself should have been sufficient for me to not take the trade. Hindsight is a superb thing. I was doing OK with the EG commerce, should have left it at that, but I might see some excellent trades taking off and I did not want to miss-out. It was late at night for me ( NY open is my midnight ), head a bit nostalgic. Not making excuses, I have do deal with all the time difference, that is 1 reason I use 4hr and daily, but just writing down my thoughts and activities, to assist later on.

    Among the better transactions was EU. This is my chart from the weekend, together with all the break-out pull straight back and break -out stage marked ready to exchange. Why I have a pending order there, rather than waiting late into the night to choose the ECAD? Hopefully by writing down this stuff it will help.

  8. #28
    AU pending: long at 0.9150, stop 0.9080, t1 0.9190, t2 open. I might also monitor the hourly to get an early entry.

  9. #29
    AU buy 0.9118, cease 0.9080, t3 open. Pending orders still set up.

  10. #30
    AU hit stop -38 pips. Jumped in to early, should have waited for 4hr candle, it is a wonderful pin. Will only leave it now for the pending orders.

    EJ pending: extended at 114.25, stop 113.25, t1 115.25, t2 open.

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