Trade 1: +3% — Entered at 1.8696 10 minute broke to new high Trend up + indicators extreme + bounce off s/r line. Exit at resistance. + 3% I like to enter on a buy stop. Price picks me up as it moves in the direction of the trade. Exit at 1:1 ...

journal

Example of trade idea — Price action at S/R backed by extreme indicators Best to trade with the greater trend. But this chart shows the concept.

journal

Trade 10 and Trade 11 — Both the same long trade. Tried to get onto a break long from a new high. News release was coming. Touched the stop and shot up. Re-entered and got back some of the loss.

Testing

Trade 9: +14 pips — Simple break out. Price approached resistance 4 times. Entered long on break of resistance. Moved 23 pips quickly. I exited with +14. Should have been more patient and left stop at BE, as price went up minutes after I ...

Testing

Trade 8 loss 16 pips — Loss 16 pips Price hard up against barrier that's been visited 4 times in 2 days. Indicators all bearish. Shorted in anticipation of down trend kicking in. Stopped at High of entry-triggger candle. Only warning sign was ...

Testing

Trade 7: +5pips — Entry conditions: all indicators bullish Price went DOWN. Set stop order at high of the down candle. Instant winner for 10 pips. No draw down again. Exit: Price stalled - stopped moving up. So I exited when it drifted slowly ...

Testing

Trade 6 +5 pips in 10 minutes — Reason for entry: all indicators extreme price starting to break down Reason for exit: Price was not moving quickly. Indicators had moved extreme to the other side. Good exit. Next candle would have been stopped ...

Testing

Trade 5 + 18 pips in 5 minutes — Entry condition - down trend for weeks - price bounced at 10:50 then tested low at 19.40 then restest low at 21:20 then bounced 16 pips. All indicators were extreme bullish (but I didnt care because the ...

Testing

Trade 4 -31 pips — Error. Entered 15 minutes before a news announcement. Once I was in, I realised my error but decided to stay in, in case I got lucky. Well price moved 100 pips in 1 minute (against the trade). Slippage cost me 4 pips. Also - ...

Testing

Trade 3 + 19 pips in 15 minutes — Trade 3. Reasons for entry: - Price has been butting up against the resistance from the asian session. - 4 hour outside-up bar - moveing averages were squashed together and starting to break out (upwards) - ...

Testing

Trades 1 and 2 — Trade 1. Price went net 7 pips (12 pips before spread) in favour of trade. I quickly moved to stop to -1 pip. I lost 1 pip including the spread. Entry Criteria: -. All indicators at extreme and pointing down (except macd) -. ...

Testing

A trade - EurAud — Took this trade a few hours ago. News from germany has boosted the euro significantly (eurusd is roaring along), but the euraud couldn't take out the high. Will be interesting to see how this one plays out. Its a ...

StewartR - I want my trading to be boring.

AUDJPY closed for a winner — What I did well: Saw the trigger and acted instantly. (No thinking, just automatic execution). Trusted my edge. What I could have done better: Nothing really. This was a sensible trade, following a low risk ...

StewartR - I want my trading to be boring.

A trade - AUDJPY — I had closed the thread - but realised that I would keep taking A trades (they seem to work so well). Here's another one from today. 4 hour up trend 4 hour indecision shown on the candle 4 hour oversold on the stoch daily ...

StewartR - I want my trading to be boring.

I'm going to try speeding things up — Having traded this system for 2 months, I am getting a good feel for its strengths and weaknesses. One weakness is that my definition of trend is very slow. Using the 21, 55 and 89 period moving averages ...

StewartR - I want my trading to be boring.

Thank you — Thanks FXTrader, and Thank You Bakuli; for you kind thoughts.

StewartR - I want my trading to be boring.

Trading in the Zone by Mark Douglas — I know I am going to change the exit strategy. Reading Mark Douglas's book I am working on myself to change my beliefs. One of the beliefs I am working is "anything can happen". If "anything can happen" ...

StewartR - I want my trading to be boring.