EURUSD 1H

i open this other journal to follow the pair eurusd only

so, i'll post my entries and when i close the trades
i don't use indicators, only trend lines

for the rules of this system see LTS (Linear Trading Style)

hi, at 11:00 (gtm +1) if price close down of 1.46105 we must sell EURUSD and close at 12:00

Sell EURUSD at 1.45838
i'll close it at 12:00

if price close up of 1.45956 i open buy order (closing ofcourse the sell order)

trade closed with -5 pips

setup changed, if at 13:00 price is up of 1.45895, then buy

Buy EURUSD

closed with +2.5 pips

now for the next hour there're not signals.

with this two tradings this week i made about +22 pips.
for me this is + 1,7% of my account. i know that i haven't shown reports, the next week i'll do it.
for this week i have finished to trade eurusd 1h

It is nice to see someone really honing in on one pair and getting to know all the subtleties of that pair.

One thing I would suggest if possible would be for you to take a screen shot of your trades, you can use the program SnagIt.com. once your trade is complete take a screen shot and add some comments on what you were thinking when you made the trade and your reasoning behind the trade. Not only will the followers of this Journal benefit but you will also. The ability to look back over your trades and see what went right and what went wrong is a very valuable practice.

Thanks and Good luck

Jeremy

hi Jeremy

oks, let me 10 min and i'll post a picture with one example

i hope this help. any question just ask

following the pair, if this hour (17 gtm + 1) close down of 1.45872, we must sell eurusd at 18 and close it at 19 gtm + 1

like i said we would win + 10 pips with this trade

the next step will be buy if prices at 1:00 gtm + 1 close up of 1.45843 BUT we must be carefull because the gaps. if there're gap WILL NOT TRADE THIS SIGNAL

propably i'll not trade this because i'll be sleeping

Hola Morillo!
I only trade EURUSD too...(1h, 4h, daily charts)...so, will be following your new thread and participate as much as i can.

Hasta pronto y buen finde...

hola socrates

here other examples.
this trades was for the last week. i trade between 9 - 19 gtm +1 because the rest of the hours i don't know if i'll stay in front of the computer.
there're other entrys in other hours but i don't show because i don't take it

like we can see, if the bar that we trade are good the direction of the pair follow the trend that we say but i close the trade like i said when the hour is finished. why? because i haven´t defined how to know if the trend is good or not.
this maybe would be other system but not this.
green arrow is good trades and red arrow bad trades

you only work with linear charts or candles too? If using your trendline the sell point would be 1.4304 (1h candle closes and new one starts) right? At that stage we are on a clear uptrend with a retrace (LWA sell pressure crossing). Apart of having an entry point, how you define SL, TP? What Ratio you play?

I totally agree with you on the aspect of "keep it simple", but im not able to understand your criteria and rules to enter a trade. Thanks for clarifying...(soy español tambien, si quieres nos podemos poner en contacto a traves de messenger o similar), ya me diras algo... good luck..

yes, in these case we enter at 1.4304

i don't use LWA or others indicators, only trendlines and line chart. usually i put 20 pips at takeprofit and no SL. Just close the trade at the end of the hour.
if you see the cross of the LWA, it's too late. this is why i don't like indicators, laaaaaaaaaaaaaaaaaaaaags

si tienes cualquier duda mandame un mensaje privado

like i said, we have a gap on eurusd, we don't trade at 1:00 gtm + 1

i'll continued with the journal tomorrow

ops, sorry i forgot to post this trade.

at 9 we opened buy order and at 10 we closed with +18 pips

other possible entry

if at 14 bar close down of 1.45403 we sell and close at 15 gtm + 1