As previously advised, 2 NU positions in play, 50% of both taken now and now both are safe no matter what happens. I have arbitrary targets only at present for the remainder. I'm still in no rush and with zero pressure it's pretty comfortable now ...

Trading Journal (only my take)

When I consider any trade, I look for a number of satisfactory elements as most do I imagine, nominally 4 in my case and sometimes 6 depending on the template I'm working from. I personally do not need all the elements in place at once to take a ...

Trading Journal (only my take)

Some will be aware that I have zero tolerance for certain types of posters. I keep my opinions here and rarely name anyone. There are very very few actually that are noteworthy in a good way (and I'm scratching my head trying to think of anyone as I ...

Trading Journal (only my take)

2 positions in play now. As I've explained before, I prefer the market finding my entry levels via po's. Usually, a better deal is found that way, but of course the downside is that momentum will invariably be against me at first, and often takes ...

Trading Journal (only my take)

NU 1st position now triggered. There will be no rush...... stop and initial tp are in place so nothing to do for now and I'll manage this position depending on how it progresses. I won't bother with a chart ….no one takes note in any case.

Trading Journal (only my take)

Based on stuff I've shown, allows me to determine a likely market direction, and knowing that of course means I can plan a trade in advance, For example, NU has become interesting enough for me to prepare to short. I have levels in place and will ...

Trading Journal (only my take)

Imo, it is totally irrelevant who or what moves the market, that is not the business of a trader. The mechanics of both t&p are always in play full stop. A trader cannot know when an institutional influence for example, will move the market. Some ...

Trading Journal (only my take)

No responses tells me no one is bothered....not a problem, it just means I wont bother either. Opportunity to learn how to profit stress free the easy way has now gone. I may pick this up again in a few months, but for now I'll post my views and the ...

Trading Journal (only my take)

Could be that no ones interested or no one knows or both to my last post. There are no trick questions here btw....just logic. Ok, a small recap first and then to see if any reaction. The area of interest, the effective zoom level and zz are known ...

Trading Journal (only my take)

There's a fair bit of information already present from the above chart. The previous meaningful swing, the area of interest through zooming and the highs and lows.but now some horizontal lines in the sand (literally) are needed. What lines though. ...

Trading Journal (only my take)

The chart is taking shape now, but a few more references are needed. Firstly, I need to know where my high and lows are. Noting that imo, candles and bars add clutter and hence confusion, and as this is for daily swing trading, then my only interest ...

Trading Journal (only my take)

The last swing cycle (via zig zag) is now identified, but the best containment of that swing though also needs to be captured (which are the boundaries I've mentioned before) so the zoom level in this case has to be adjusted. image Now the spatial ...

Trading Journal (only my take)

Creating a workable chart, ie one that only captures the elements of interest is the first step in the chart building process. It will be different for everybody of course. I will use NZDUSD for this part on a daily chart, and gradually build and ...

Trading Journal (only my take)

Other obvious stuff needs to be considered before proceeding. There are 2 aspects to trading from a chart. Firstly, technical and secondly financial....both aspects eventually become combined, but in a sensible order. Many get themselves cluttered ...

Trading Journal (only my take)

The only objective of trading is straightforward....to make profit of course. Imo it can be done the hard way or the easy way. The hard way involves small t/fs and the easy way longer t/fs. OK, all that is obvious up to that point. That said, so far ...

Trading Journal (only my take)

Wow....a quick look at the forums, and super-egotistical dummies are everywhere trading their demo rubbishh, with the even dumber sheep following lol. You can tell the type a mile off...so many give aways. The site has definitely gone downhill and ...

Trading Journal (only my take)

I trade in the direction of what I consider is an established direction and is the foundation of any trade that I would take which should generally answer the question that has been asked of me. I look to get the best prices to enter my trades upon ...

Trading Journal (only my take)

The vast majority of traders clearly like to over-complicate trading, somehow managing to make a reasonably easy decision of whether price is likely to move up or down into a FF of unnecessary science. This is more obvious with those that trade ...

Trading Journal (only my take)

Will be looking to long NJ this week somewhere in the region as shown, in anticipation of a decent haul (+300 pips or more expected), which I'll manage accordingly. image

Trading Journal (only my take)

As primarily a swing trader, I operate on the probability of a successful outcome via the criteria that I personally use. Obviously, not all outcomes succeed, but in my case, records over a long time supports my simple approach, allowing me to take ...

Trading Journal (only my take)