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Jay's "Love your portfolio™" Journal

This will not be updated very often.

It's true that I'm a lazy f@#k. But that's not why it won't be updated often.

It's because I usually trade larger time frames. It means less trades, it means more time between trades and it also means that things look dead.

Yeah, I've been here for a few years but I'm hoping that keeping a journal will hold me accountable and also answer questions about my trading style. Who knows? Maybe I'll have a very public crash.

So to start, I'll post my latest trade which was a September 25th short entry on CADJPY using the daily time frame at 79.35.
And here is a chart with my entry point on CADJPY.

Attached Image


Chikou span, represented by the cyan line went through the levels indicated by Tenkan-Sen (Blue) and Kijun-Sen (Red).

Technically speaking, it's an early play and should have gotten on the action a bit later to be on the conservative side.
Great idea!
I am just starting to switch from a quite short bi-TF (m5-m30) to the daily-weekly tandem and am certain that I will learn a lot from your thread, even if only patience ... which I find is the harder part for me. (Now what to do with all that free time, LOL.)

Do you only use the Ichimoku?
Looking forward for your insights and developments.
Much success to you!
Quoting doblece
Great idea!
I am just starting to switch from a quite short bi-TF (m5-m30) to the daily-weekly tandem and am certain that I will learn a lot from your thread, even if only patience ... which I find is the harder part for me. (Now what to do with all that free time, LOL.)

Do you only use the Ichimoku?
Looking forward for your insights and developments.
Much success to you!
Thank you Doblece.

As you know, I have experimented with a few different methods and Ichimoku is the one that worked best for me.

Like anyone else, I'd rather have the instant gratification of a shorter time frame. But for some reason, that doesn't work as well for me. If patience is the price of profit, then so be it.
I had never really delved into the understanding of Ichimoku until now (6 years ago it seemed to me way too complicated although very beautiful to look at). Thank you for bringing up the opportunity of finally bringing this pending matter to completion

I have been watching several videos on Ichimoku at YT, and I hope you don't mind that I post here this one I just found, which brings an interesting (and overly simplified) version to use the indicator.

Inserted Video


Although I personally think that it ends up not being an Ichimoku any more and loses a bit of its "magic" ... but simpler should be better, or is there a catch?

What are your views on the above?
Quoting doblece
I had never really delved into the understanding of Ichimoku until now (6 years ago it seemed to me way too complicated although very beautiful to look at). Thank you for bringing up the opportunity of finally bringing this pending matter to completion

I have been watching several videos on Ichimoku at YT, and I hope you don't mind that I post here this one I just found, which brings an interesting (and overly simplified) version to use the indicator.

http://www.youtube.com/watch?v=tEeXmsonRZo

Although I personally think...
Overall, not a bad video. Thank you for sharing it.

KISS should stand for Keep It Simple & Successful

He is oversimplifying the living daylights out of it. It does lose a bit of it's touch but it may be for the better. I really like his exit strategy.
M15 chart showed a nailbiter a few hours ago didn't it?

That's the beauty of a daily chart. It's a little like the difference between flying a Cessna, where all the little side winds can mess you up, and a Boeing 777 where you're flying above the weather. Turbulence still happens. But it's easier to handle.

Still in the trade
Quoting Jay Walker
M15 chart showed a nailbiter a few hours ago didn't it?

That's the beauty of a daily chart. It's a little like the difference between flying a Cessna, where all the little side winds can mess you up, and a Boeing 777 where you're flying above the weather. Turbulence still happens. But it's easier to handle.

Still in the trade
Agreed! (and just discovering it)
The AHA moment comes when one understands that the exact same behavior occurs in each and every time frame, and dares to quit trying to control the four corners of a small room, to embrace the pace of a bigger universe (well that would be monthly/yearly in fact ... so let's say a bigger apartment! )

Do you only trade 1 pair at a time?
Quoting doblece
Agreed! (and just discovering it)
The AHA moment comes when one understands that the exact same behavior occurs in each and every time frame, and dares to quit trying to control the four corners of a small room, to embrace the pace of a bigger universe (well that would be monthly/yearly in fact ... so let's say a bigger apartment! )

Do you only trade 1 pair at a time?
The same behaviour occurs. But smaller time frames are more prone to rapid movements which I don't like.

I trade more than one pair at a time. I entered a long on EURUSD in August based upon the daily time frame. I got out of it today but have not recorded that entry since it was long before I started this journal.
Quoting Jay Walker
The same behaviour occurs. But smaller time frames are more prone to rapid movements which I don't like.

I trade more than one pair at a time. I entered a long on EURUSD in August based upon the daily time frame. I got out of it today but have not recorded that entry since it was long before I started this journal.
Thank you!
Ichimofo playing a trick on me? Maybe. As I said earlier;

Quote
Technically speaking, it's an early play and should have gotten on the action a bit later to be on the conservative side.
Today's move is a BJ sponsored by the BOJ.

Looks like the effect of the intervention was short lived.
Nice idea, Jay Walker!
I wish you green pips and a lovely trading time!
FXcube
A good lather is half the shave.
Quoting Forexcube
Nice idea, Jay Walker!
I wish you green pips and a lovely trading time!
FXcube
Thank you Mr. Cube Much appreciated.
Nail biting time!
How far is your stop?
Weekly is still below the cloud ...
Quoting doblece
How far is your stop?
Weekly is still below the cloud ...
My stop is based on a confirmed reversal.

Weekly is still below. Has been for several months. That's why I'm still riding that pony.
Quoting Jay Walker
My stop is based on a confirmed reversal.

Weekly is still below. Has been for a couple of years. That's why I'm still riding that pony.
Edited for accuracy
I guess I can stop chewing my nails now.

Back to break-even point.
Chewing nail mode back on.

Looking for a breakdown at about the 79.11 - 79.08 level.

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I believe it'll come but is slow coming.
AUDCAD short from 1.0054.

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