This morning my trade has not triggered. The previous 2 candles since Friday close have long wicks suggesting more upside so I've pulled the trade.Another deciding factor was the 70 pip minimum stop which I didn't realize. The stop on this strategy ...

My Trading Journey thus Far

I had my best week to date last week. 4 winning trades in a row and $211 profit. I always seem to trade better when the USD is kicking butt. So I'm a $bull for some reason.... This week I'm focusing on AUD weakness. The election is on Saturday. Last ...

My Trading Journey thus Far

WOW when you least expect it another $42 profit. This could be a big move but I can't watch it so take a little and say good night....

My Trading Journey thus Far

Well last nights trade just missed it's intended target but I got out with a $36 profit just the same. My entry wasn't the best, it was based on price rather then a candle setup which is a lot more risky. Before sleep I observed the consolidation ...

My Trading Journey thus Far

Question is: A pull back of a new bull market or continuation of a secular bear market? I guess it depends on timeframes but equities are getting trashed and I don't think it's over yet. Dollar index is picking up steam and so too is the VIX. Well ...

My Trading Journey thus Far

YES A winning trade, my balance is back up into profit. I didn't take a snap shot of this when I took the trade but I enclose my entry,exit and original target. These are the kind of trades I use to take before in the demo days. Just observe ...

My Trading Journey thus Far

Hi all. Everybody's charts show different picture. My 4hr shows down channel developing. Price rejected the Monthly R1 pivot to begin the fall. Price currently sitting at 23.6 fib retracement. Looks more downside to me

Cable Update (GBPUSD)

My thoughts of the day: "Anticipation is a bitch" I had a game plan last night. I studied all these experts prediction of what would follow after the FOMC. So the general consensus was if Fed introduces QE go long risk currencies and equities. Ha Ha ...

My Trading Journey thus Far

Ok based on that I took 2 trades last night. Wall ST cash just stopped me out by about 10 pips and has currently turned around. 2minis x $30. Loss $60. USD/CHF took off. This morning I awoke to a $83 profit and took it. It's still going up and I may ...

My Trading Journey thus Far

I don't know if this is classified as cheating or whatever? I guess I still choose the trades I like and still need to apply money management and trade skills to follow it through. The market likes these patterns. It sets them up. I believe now that ...

My Trading Journey thus Far

I've been very busy lately so no time to update my journal.I kind of started losing the plot again over the last few trades. I'm doubting myself, my thinking, my strategies. I really don't know what's going to happen next or how to trade it. ...

My Trading Journey thus Far

This chart looks better all the time. Those 2 downtrends with the arrow are exactly the same length so I projected the 3rd down trend if it happens and it's a 161.8 move of the previous up leg. See the fibs. Love this stuff

Elliot wavers please chime in

Thanks waves. Here is the Daily chart. It has dropped some 30 points today all ready. This too looks like a pattern, yes? Just reading about market harmonics and I copied the 2nd head low and projected the near term 3rd head low. Seems to be ...

Elliot wavers please chime in

Hi waves, Thanks for your input and analysis. Like they say, spotting patterns is self fulfilling. At this stage of my career I'm taking it all in and trying to comprehend all things trading. I've haven't researched EW as yet but I took one look ...

Elliot wavers please chime in

Friday and the all important NFP figures awaiting. Well my USD/CHF pending order trade did not take off as anticipated yesterday, and with so much important data coming tonight I've decided to cancel the trade. I'm anticipating bad figures and the ...

My Trading Journey thus Far

Another trade done and dusted.It's times like these when you question your thinking.Maybe just do the opposite? No doubt to the 95% of losers, myself included we would all be doing well if we applied that theory to our trading. I look at the GBP/CAD ...

My Trading Journey thus Far

Severe turbulence overhead... Inspecting my trade this morning and it closed a new high. It is now +40 pips. It reached a +85 pip high in yesterdays session. Inspecting the 1hr time frame for a closer look and it's holding above the 20ema but ...

My Trading Journey thus Far

Houston we have lift off +80 pips A good beginning Let's see where it closes tomorrow morning.

My Trading Journey thus Far

USD/CAD looks very bearish. Maybe another trip down to parity and beyond? It has broken and closed under a trend line that has held since April21. A symmetrical triangle pattern. Only concern of mine is whether it's a fake out? I've seen these on ...

My Trading Journey thus Far