E/J VSA +30 a day

Hi guys,

I start my journal today, the premise is very simple:

* Looking for a single 1:3 RR trade with SL:TP = 10:30
* Using E/J because spread is tight, and 30 pips is only a small portion of its daily range, should therefore be achievable during liquid market conditions. I have been having some good results on GBP/CHF but the spread is too high to only target 30 a day, and it suffers from a lack of liquidity during Tokyo hours.
* Only look for high probability VSA setups on the M15, supported by PA.
* Since this is a journal and not the interactive section I will post the trades once they are complete rather than call them live. I will post both winning and losing trades.
* All times are stated in Melbourne, Australia time.
* These are live trades with real money, lotsize = 1 lot so 1 pip = 1,000JPY.

Trade #1:
Open:
Date: 19 OCT 2009
Size: Buy 1.00 contract(s) to open
Market: Spot FX EUR/JPY CFD
Level: 134.834
Stop (Not Guaranteed): 134.734

Close:
Date: 19 OCT 2009
Size: Sell 1.00 contract(s) to close
Open Level: 134.834
Market: Spot FX EUR/JPY CFD
Level: 135.127

Justification: Hourly S1 at 134.8, high volume down bars shows strength.

Chart:

Alright, I made my +30 for the day already so I wasn't supposed to trade but sometimes you see a loverly opportunity and you can't miss it.

Trade #2:
Open:
Date: 19 OCT 2009
Size: Sell 1.00 contract(s) to open
Market: Spot FX EUR/JPY CFD
Level: 135.209
Stop (Not Guaranteed): 135.309
Limit: 134.909

Close:
Date: 19 OCT 2009
Size: Buy 1.00 contract(s) to close
Open Level: 135.209
Market: Spot FX EUR/JPY CFD
Level: 135.045

Justification: Hourly R1 at 135.23, no demand bar below EMA55 on M15. I took short on close of no demand bar, and exit at 135 psych level on some volume coming in.

Chart entry:


Chart exit:


+16 pips, we will just call this one a bit of extra pips for tomorrows SL.

Taking my position on U/J today. News on the wire of a big buyer at 90.3. A/D bull div, long off no supply bar.

Long @ 90.396 SL @ 90.296 TP this time will be open!

SL hit