EU....update A favourable and healthy downward market movement this morning. T2....SL level adjusted to lock in more profit T3....50% taken at +145 pips. SL and TP levels adjusted to ensure trade is safe. Note...as I've outlined before, my TP levels ...

Trading Journal (only my take)

With a busier than normal news week ahead of us, there is bound to be increased volatility across all markets. Brokers will of course be rubbing their hands with the prospect of oscillating market movement, which is always the killer for those ...

Trading Journal (only my take)

EU....update PO3 short triggered, and is now T3 Nothing else has changed or needs managing at this point. image

Trading Journal (only my take)

EU...update Some movement north T2.... s/l and t/p levels adjusted PO3 short pending order level near triggering. image

Trading Journal (only my take)

EU.....T2 sell update 50% taken at 100 pips SL and TP adjusted. Trade is safe now. As previously, the tp level is mainly an arbitrary level in case of a significant move in my absence. I rather plan to be stopped out when i'm in this kind of ...

Trading Journal (only my take)

EU update T1... half was initially taken 15th Aug for 120 pips. The other half stopped out earlier today for 185 pips. A satisfactory result, although some are bound to think I should have cashed out earlier. They know nothing, except what's best to ...

Trading Journal (only my take)

Well, as expected, this week has given us the full works, with breaks both north and south as I imagined it would. The movement has triggered my additional po, and would also seem to be a good level, at least for the time being ref post 353. No need ...

Trading Journal (only my take)

Markets are jostling for now, nothing new in that and quite typical during the first half of most weeks. Some thoughts to consider for anyone interested, which I've probably touched on here and there in the past. KISS is well known, and I apply that ...

Trading Journal (only my take)

EU trade update Well actually nothing much to say. Some up and down movement and that's about it. My stop levels remain at exactly the same as they were previously, with no reason to adjust yet. Profits are locked in no matter whatever happens, ...

Trading Journal (only my take)

imo, (particularly for my approach to trading that is) market levels override all else. That is probably obvious when looking at my charts, candles/bars, colours make no difference at all, and yet 99.99% seem to be fixated by them. When a market ...

Trading Journal (only my take)

EU retrace occurring as expected. This now enables me to implement another PO sell, yet to trigger of course. Nothing else has changed regarding existing position. The chart may start to get a little cluttered, but hopefully my labelling makes ...

Trading Journal (only my take)

EU continues to fall, which is good. No clear retrace level for an at value add-on po as yet, but will likely occur soon enough. There's no rush, as current trade is now very healthy, with stop further adjusted, along with arbitrary tp level. image

Trading Journal (only my take)

EU trade update. Stop adjusted, which effectively is my take profit level as previously described. The actual TP1 level has been moved also, but unlikely to be used. It's quite possible that price will retrace higher over the next few days, and if ...

Trading Journal (only my take)

Ref above, I've moved TP1 lower and adjusted SL1 a little lower also. The trade is already profitable. Will it go much lower? I don't know, but personally I usually like to have the stop take me out rather than the TP level when it's my last ...

Trading Journal (only my take)

EU PO1 short triggered, and now becomes T1. 50% now taken and stop adjusted as shown. With position properly managed, and in decent profit, means I have nothing more to do on this position for now PO2 didn't trigger and now cancelled. image

Trading Journal (only my take)

So, following on from above, I have a couple of EU short pending orders yet to trigger. It conforms in all respects to my previous post.....will it trigger, I don't know (nor does anybody else btw), but it is at least clearly labelled with no ...

Trading Journal (only my take)

A high level of volatility is bound to occur shortly. There will be those hindsight bullshitters of course, who later on will tell you they did this and that blah blah blah crap, maybe with pathetic hindsight charts explaining why it should have ...

Trading Journal (only my take)

GJ short PO1 triggered. Erratic market moves are likely to continue across the board. NFP and bank holiday season in play for a couple of weeks along with the continuing Ukraine world wide affected shortage of supplies situation will mean a pretty ...

Trading Journal (only my take)

GN long PO1 triggered (nowT1). Nothing more needs to be said at this stage. image

Trading Journal (only my take)

EU all 3 trades stopped out Whilst I am surprised and obviously did not expect that, there are no excuses. We think we have a handle on the market dynamics, but these failed trades brings reality back into focus and it is obviously disappointing to ...

Trading Journal (only my take)