Feist Beginner Journal -
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thread: Feist Beginner Journal

  1. #11
    Have been a really bad week this week after a good start this month. This week only 1 bad call (YEN) another two were right trade calls. But made a few pips or allow winner become loser due to my stupid mistakes.

    Trades
    Shorted CHF in ancient week 10pips (Target was 30p but closed early due to my very own human mistake. Wasnt familar with my platform.)

    Shorted JPY - poor error. . .should have know better since it's been in these strong momemtum. .

    Shorted EUD early this morning pips Call was right. But human mistake I thought I;t closed the transaction for profit. Switch the order was not delivered! By the time that I return to chk on the commerce, the commerce had turned against me. Urrghh...

    Recap on the week
    1) Need to remind myself to trade with this trend. Somthing which I truly must work on....
    2) don't force trades.
    3) To be acquainted with my platform and more careful on. Always check check check.

    More pips less human errors next week!

    Total pips for this week= -24pips

  2. #12
    Cable
    Strong up Tendency. Be cautious of the monthly 3x top at 2.0115.
    Action:
    Short bias. On the lookout for market signs backup by price action(candles) MACD.
    Buy if price breaks thru main weekly immune backup by 4hrMACD.

  3. #13
    Giving EUR/USD and Cable a miss. Too late to go in. Staying in the sideline and wait patiently for signals.


    Viewing USD/JPY and Swissy.
    Yen
    - Buy Bias

    Swissy
    -short Bias

    Are missing signals (4Hr). . .hopefully July will be a better month afterward June!

    Pipping ahead!

  4. #14
    Seeing YEN closing now
    seeking to go long at the lower TL @122.12

    EUD/USD
    Short bias if there's a good sign if not will be Trend continuation.

    4th of July holis is now coming. . .so that the market will be more volatile. Beware.

    Upgrades
    Yen
    Yen touched bounced off from TL and touched 8ema.
    Note that the 8ma is touching the TL as well. High likelihood trade for YEN. Potential that once it bounced from the TL, it may aim for the 24ma. Shall see.

    Eur
    Eur Touched and hauled off by the 8 ema. The trend is strong, therefore I like to see a strong sign like morning starhanging man prior to committing to any reversal. Unwise Right Now.
    Scalping EUR (buy) at the moment.

    Watch how the trades goes.

  5. #15
    The EUR/USD along with the GBP/USD are heavily correlated therefore be careful taking positions in both of these at the same time for you may be exposing yourself to an excessive amount of risk. . As well as the USD/CHF is negatively correlated to the EUR/USD, so all I would cut it down to maybe trading among these pairs, pick your favorite, the one which satisfies your trading habits that the best and dismiss others.

    EUD/USD
    - no action.

    GBP/USD
    -Short. 2.0123, TP1=1.9889 TP2=conduct

    USD/CHF
    -Scalp Short. On the Lookout for entrance. Possible in midweek?

    USD/JYP
    -Long (still in the exchange ), looking to get re-entry on pullback to 21ema

  6. #16
    The EUR/USD and also the GBP/USD are greatly correlated so be careful taking positions in the two of them in precisely the same time for you might be exposing yourself to an inordinate quantity of risk. . And the USD/CHF is negatively linked to the EUR/USD, so all in all I would cut it down to trading one of these pairs, select your favorite, the one that satisfies your trading habits that the best and dismiss others.
    Hello superdezign,

    Thanks for the comment. Will take this into account for trades. I haven't trade more then 2 pairs in one time and attempt to take trades that I felt confident in. Still very much a novice. . .will fine tune my own craft and be patience.

    Thanks again.

  7. #17
    Cable
    Ealiar yesterday I meantioned shrt bias. I am.

    But early in the day, I decided to took a lengthy on cable due to the 89ema rebound off and MACD signal.

    Long 2.0102, SL:20081 TP: 20149

  8. #18
    My journal entry @gmt0000 (entered here later when I got back from work)

    EUD/USD
    - Jump. Cant see a very clear direction on my 4hr chart. In the range. Daily stoch is pointing dwn, but I need a candle formation to confirm. So zero action

    Cable
    - 4hr pointing upward althought still in range box,
    -daily pointed upwards with a weak spinner/doji/evening star, so the up surge might be restricted. Probably only towards the years .

    Action: heading up. My sunday analysis didnt actually stuck for extended as an increasing number of clues pointing upwards surge. (*should cable gg upward, so will EUD although EUD didnt a powerful sign)

    UPDATE: Cable went up.

    YEN
    - 4hr sign dwn although 89ema is still under it. Previous day powerful engulfing candle is a sign of things to come...
    Daily - directed dwnwards, with stoch behind it.
    Yen is gg dwn, probably towards the lower trendline. . .then upward again? We will see...

    Swissy
    - No action.

    - Yen and swiss is rather of correlated. Swissy is pretty mixed concerning signal. But if YEN is revealing indiion of dwntrend. . .so will swissy.

    UPDATE: DOWN


    Conclusion
    There isnt any live trades now although I made a quick analysis very early on. Still not confidence in my analysis and system. . .will operate on tt more (mental mental mental!!) . Hopefully the demo will add on to my confidence level

    I will attempt using split order, whenever there are signals on direction even if the market is in little tight range. I realised I always forgo a trade when the market is in rectangle box range. With better RR I think its worthwhile to input live orders probably starting with 1mini lot. Doesnt hurt to practise reside.

  9. #19
    Back to YEN at this moment.

    CT trade. Long yen in 1.21.7, SL-121.45, TP-122.2

    1 place closed for 30pip gain. Just another person to run to 122.2 or abv.

  10. #20
    Missed this transaction set up for quick scalp. Again habit! FOCUSED FOCUSED FOCUSED.

    Anyway to remind myself wat I see today.
    TC signal supported by candle formation.

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