Started the day looking for swing lows to form because even with the recent "wild PA" no 4 hour swing lows have been broken. As USDX trades up to make a swing high EUR/USD & GBP/USD should be making swing lows. However this is not happening. GBP/USD ...

2012 Trading Journal

+28 pips for the day and I'm done. Goals for next month: Stick to trading plan! Do not try get 100% positive trades it wont happen. Focus on optimal entry not pip goals. Break even for Feb. Break even for this year. Stick to trading plan!!! <--- ...

2012 Trading Journal

So here I am again thinking about my trading results wondering why when I pick the right direction I end up closing the trade or moving the stop. The answer - Greed I want lots of pips and for price to never go against the entry point before exiting ...

2012 Trading Journal

Good morning everyone. Today I'm looking for a swing high to form on E/U G/U to form a sell signal unless market flow is broken to the upside. Hope everyone has a good trading week! Edit: Sold G/U after the 6am LH. Didn't think it would hold and ...

2012 Trading Journal

Here is how my charts are set up. Slimmed down to two pairs EUR/USD & GBP/USD. For the most part these two pairs trade in the same direction. Top - 1H for entry and exit (pivot swings). Bottom - 4 hour for directional bias and daily ...

2012 Trading Journal

Took a loss on EUR/USD today -1.1%. Price traded right down to my entry (to the damn pip) then reversed and continued up. New rule - Only trade with the trend. - Might just use the 40 MA like before. If the market is making HH trade long LL short. ...

2012 Trading Journal

Not a problem anytime. This system in a nutshell is trading pivot swings HH, LL, HL, LH. The red, blue, and green dashed lines on the charts are last weeks high, low, mid point, 50% from mid to high, and 50% from mid to low. I also do this for last ...

2012 Trading Journal

Today was drawn out and exhausting (building a deck) As far as trading goes I'm happy with the results. +1.1% for the day -0.3% for the week -10.4% for the month -11.3% for the year

2012 Trading Journal

The light blue one near the top of the last photo? If your trading platform is metatrader 4 in the upper left hand corner there will be a vertical line, horizontal line, and diagonal line all in a row. The horizontal will draw those. Diagonal will ...

2012 Trading Journal

New trade GBP/USD 30M TP 22 pips to make up for my above mistake. +22 pips

2012 Trading Journal

Today's trade entered a little early at consolidation. Waiting for price to move up or down. Below is an explanation of the trade. Closed trade -2 pips price consolidated for several hours at/below this resistance level. SMT divergence suggest ...

2012 Trading Journal

Update: New additions to trading system To help with defining the trend I've added last week and month high/low/mid points and a 40 simple moving average. Changed the time to 30 min charts. Added Sfractals indicator (same as default fractals with ...

2012 Trading Journal

My experience with oanda has been so so thus far. Trading through the metatrader port can take a little while to get stop orders accepted. Slippage hasn't been a problem. Never experienced any sort of "the all feared stop hunting" LOL. Nothing like ...

Oanda vs. MBT FREE EXN

Price did retrace today as expected I however didn't manage to ride the wave up. Now to look for another potential reversal.

2012 Trading Journal

Price has reached the potential reversal zone defined by the following factors 1.618 fib extension of recent swing, lower daily pivot, lower weekly pivot, upper mid monthly pivot. Entry at 1.3030 Stop at low BE @ + 20 pips SL to be manually trailed ...

2012 Trading Journal

As you can see my charts have changed yet again. The reason for this is I've always wanted to be able to scalp but it hasn't been working out to well. So why not trade longer term? Pips are pips after all no matter how long it takes to earn. As long ...

2012 Trading Journal

Selling EUR/USD today Exited to early again +16 pips Really need to work on that. image Second trade Buy targeting mid bollinger band. PA showed resistance at 618 fib exited for 1 pip image

2012 Trading Journal

Sitting in front of the computer micro managing todays trades didn't work so well. The first signal was perfect according to the rules. Had I not been watching the retraces it would be 30+ pips. Notes to self: Stick to the rules Believe in the ...

2012 Trading Journal

I'm not looking for long term trades. Only from short term pivot to pivot nothing more nothing less. So whether or not the long term view is undecided doesn't really matter all that much. 10-25 pips is the goal each trade.

2012 Trading Journal

Bought EUR/USD at 1.3259 as price broke a recent pivot. Stop is at 1.3242 which is also the next signal. Edit: Here is what the current positions looks like. Note: Price must move at least 2 or 3 candles one way or the other to be considered a ...

2012 Trading Journal