Looking For "COUNTER TREND" To Become "TREND"

- Charts use only trendlines, S/R and an occasional pattern.
- Also use untested S/R and pullback candle entries.
- Charts used to confirm reasoning for trades.
- I am a novice Forex trader - do not follow any of my setups. Charting is for future analysis and improving skills.

Euro Set Up

gbpnzd setup & entry

eurnzd re-testing broken trendline

gbpchf - retesting broken trendline

gbpchf - Took off the first portion of the position at the support wall - leaving a portion to continue

Keeping an eye on gbpaud in the early next week

gbpchf trying to clear the white support wall, targeting blue support wall in the 1.43 handle

eurnzd, exited 3/4 of the position down at 1.5877. If the blue trendline is broken and held, time to exit with a small overall profit. At that point, would be looking for long entry...

Prior to weekend - Exited gbpnzd at breakeven, will re-evaluate next week for trend continuation or trendline break
eurusd - eurnzd - gbpchf - holding positons for next week.

usdjpy - ready to see if the rally will begin again. The first three arrows show rally's taking place the first week of each month. Well defined trend - no reason to be thinking short on JPY instruments. Watching the 100 handle...

gbpusd - riding the trend down - looking for a test down to the 1.48 area
Took 3/4 of the position at 1.5080 and will let the rest ride down to the 1.48 area - should we have a trendline break of the yellow line, then will exit prior to 1.48 area

Position Summary
- gbpusd, gbpchf, eurnzd - profitable trades, riding the trend with remaining positions - exiting at trendline breaks or major support walls
- eurusd - full position, still waiting for breakdown

Well done

Have you written down the what, why , when to trade ?


TSD

TSD, thank you for the kind words. A good start to the Journal Thread. Yes, I have all the planning portion complete, now it is time to execute it in the charts - that is the tough part. I try to keep it simple, but in future posts I will expand a bit on the theory of the trade. Best of trading to you. San Diego or South Dakota?

audusd - interior trendline broken - need to see some support structure developed before considering a long entry - PA below the break through point would continue to be bearish

gbpchf - took 2nd position at resistance level - looking for down trend to resume - a close above the resistance level and will exit both positions with overall profit.

gbpchf - on the drop down to the trendline, took profit on first position and on second took off 3/4 to see if it can break this support wall in blue.

eurnzd - added a position looking for both trendlines to hold

gbpusd - trendline has been breached, however will it hold. S/R has not been broken yet, so still holding remaining portion of the trade to see if trendline holds. If the Resistance is broken then definitely will exit and a potential long trade would be evaluated.

euraud - a counter trend small position at the resistance wall - looking for a move back down within the channel

gbpusd - pair has broken the 1.5160 area - looking to exit remaining portion of the short position on a re-test of support and enter a long position. The yellow circle is a "W" pattern and the center part of this pattern usually provides excellent support.