Decided to start keep an electronic journal so that I can visualised my charts. This is a journal that is similar to the one I keep physcially. It's only for my own personal consumption only.
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Dec 2007
another perplexing period from Starting of Aug -Oct.. I was feeling stressed then. Before that I was focsing on 4hr charts based on Philips 4hr method. I do have good results combining his method and PA.. From him learnt more abt market emotion esp on uses of MAs and good trading guides.
However maybe the market changed or changed... I began to overlook the signs after signs. The signs happened during my work hrs or when I am asleep. I began to feel stressed. I began entering transactions recklessly and the results endured. No surprises there. And it live acct.
Feels sucky then. And its been just over a yr since I stumbled upon FX thru' a friend recommendation (make $$$ with min spend! Stop investing in stocks!)
So I stopped trading live and was lost for awhile. I realised and reflected my best results comes from PA.. So I clean up my charts again and again refocuses back on PA and using Fozzy/4hrMACD at times to chk on a trade. The confidence is still lacking. . .but I wish to build this up again as trading live might help me with tt.
Wasnt filled on most of the transactions esp EUroUSD and eurcad. So mad with myself. . .will need to fine tune my entries and stop being such a sucker!
I am too greedy, trusting that the bear will stay a little longer to get me filled at greater prices.
Weekly
Current dwn trend with service at 1.3365 median line
Daily
Dwn trend with shrt term long after wed-fri as price touches LTL then.
MCAD:RB (up)
4hr
MACD: up
Possible price moving to 89/365ma - TTL - possible quick scalp CT (20p)
1hr
Price obstruction:200
Double best hammer
MACD: RT (dwn)!!
What today?
Possible quick scalp CT:20pip.short.
Mid term: shrt prejudice
- See price action for indiion of weakness
- Wait for price to be drained / struck TL resistant
USD/CHF
Monthly
In a range 1.2562 - 1.1962
Possible HS forming??? If price breaks thru, will be an upward trend
Weekly
200ma as you can resistant
RSI:upward
MAs crossed:upward
Daily
Double shirt (TBC) - dwn
MACD:RT (TBC) - dwn
Near price exhaution place
Caution: Powerful upward trend. ALL CT transactions shld be tight
4HR
Resistant 1.2466
Price touched 21ma
Top TL
What now?
No sign waiting for confirmation.
Short prejudice. **Warning **
Up trend possibly exhausted- look out for shrt sign on daily. After cfm, will be shrt prejudice
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USD/JPY
Monthly
- up
- Price near Median line/TL
Weekly
MACD: Possible TC sign (TBC)
RSI: Resistant (brief )
!!! Strong momentum. If price breaks 123.58, this is a upside of 128-130 of TL!!!!
Daily
Up trend
Touched top TL
4hr
Top TL- potential shrt signal
MACD: Dual top **caution due to strong fashion ***
Doji.Wait for further affirmation.
Possible dawn star formation
What now?
A strong up trend. CT transactions shld be reconsidered.
Scalp: shrt - wait for further verifiion beside doji.
Mid term prejudice: Long. Wait for more signs.