Beginner's Life in the jungle

just started i wanna keep a record of my trading starting today..

trade running current

G/J short at 213.50 s/l at 213.00 Tp 198.87 30/01 08
U/J short at 107.35 s/l at 107.25 Tp 103.40 30/01 08
G/U short at 1.9905 sl at 1.9970 TP 1.9642 31/01 08

dailly basis with a H1 for the trigger.. Fibo Only

chart... well here we go.. my first chart
call me crazy or what ever just let see if my target hit

adjusting all S/L b'coz triangle appear in all three pair

G/U S/l at 1.9930
U/J s/l at 106.85 bias still short b'coz pair still move below the envelopes
G/J s/l at 212.60 bias still short same reason as U/J

positif pips from U/J an G/J protected minimize loss from G/U if occured

got to go now i got a date

ok now... i'm confused... does stop hunting really exist....

nah... maybe my mistake b'coz i change the S/l on g/u...

back from my trip and to find out that my s/l being hit after that G/U plunge

unfortunately is i put 2 sell stop for G/J an G/U b'coz i don;t know call it whatever...

remaining trade in progress and protecting the profit is

G/U at 1.9922 S/l at 1.9970 T/p 1.9642 move stop to 1.9905 news news news.... i hate red pips
G/J at 213.50 S/L at 212.60 T/p 198.87
G/J at 212.16 S/l at 212.60 T/p 198.87
U/J at 107.35 S/l at 106.85 T/P 103.40
today result -25 for sopped out on G/U

closed my G/u for +75 pips...
G/U is playing weird now.. i don't understand at all it also tank the NFP
Veryyyyyyyyyyyyyyyyyyyyy WEIRRRRRRRRDDDDDDDDD

now looking for the dip to entry on G/U again..

the other for trade still running

adding entry on U/J after seeing this price action on 15m n 5 m

i think this is the dip for the second candle on 1 h

current trade running

U/J 106.17 s/l at 106.47 target 103.40
U/J 106.66 S/l at 106.50 target 103.40 free ride at +16
U/J 107.35 S/l at 106.80 target 103.40 free ride at +55
G/J 212.16 S/l at 212.60 target 207
G/J 213.50 S/l at 212.60 target 198.87 free ride for +90

OMG NEWSSSSSSSSSSSSSSSSSSSSSSSSSSSSSSS

Freaky friday

close U/J one entry for +16 i mossed this news before i put my s/l level for the new entry it shoot up... i put the s/l at 106.8 for the entry at 106.16... -50 now T_T lesson learn....

ps; adding an entry on U/J at 106.60 target 103.40 s/l at 107.00

all U/J entry closed... feel fishy n is the end of the week
result

G/U -25 +75 = +50
U/J +16+100+24-19=121

total pips =+171
remaining trade still open

G/J at 212.16 S/L moved to 211.80 protected profit
G/J at 213.50 S/L at 212.00 protected profit

have a nice weekend......

my insight for next week...

G/U entering a consolidation period b'coz retrace zone is entered on the daily... range for next week 1.9600-1.9800 for weekly base on the daily candle a break on the range 1.9700-1.9600 could show the next trend

For U/J next week probably decisive move being made wether the trend continue down or begin to bounce the fib if it bounce then consolidation is in the make b'coz of the weekly fib and candle

For G/J a break between 210-208 will show the move

here is the chart

ohh and another thing i see a retrace si forming in G/J so i added this entry

Long G/J at 209.32 target 210.68... can be considered as a hedge also no s/l added as long as im green i'm good to go
ok that's all...

ok now i gonna tried to predict G/J move for next week

broad look at weekly chart for G/J
for theory.. elliot wave said that every moved consist of 5 wave and 3 correction wave
is this it???? maybe if next week not making any low so probably we would enter a consolidation period again or counter trend moved....
fundamental viewed is... US still surprised all of us with a string of good news... probably the recession is not that bad and unwinding the carry trades are not so necessary at all.. if this we use as a based so next week we enter a consolidation period and probably a start of a new uptrend...
if the condition is as bad as it is so the low should be broken and we headed for 205 first
if consolidation took place and a new uptrend is forming we must tried to see the upcoming
sign of it lets take a look closer on the weekly and daily

the start of wave c is on the 241.39 occurred on 28/10/07 this is the daily

so are we gonna see the leg 5 first in the daily based???

what confused me is leg 2-3 is so long and over shoot my fib if the fib on leg 1-2 is pulled...
if leg 2-3 i pulled the fib so the retrace not met my requirement for a retrace that is touched and bounce on the fib level of 28/61/38/50/72
but if i pulled the fib like in the second picture...
the requirement met and........ it's fit with the weekly moved...
so to form a consolidation period then 214 area must hold
for a new uptrend to form then 204.50 must hold and a retrace occurred in 204.62-209 level

so my target for G/J is revised to a conservative level of 207.4 that's the 23.8% level of my fib and until i see a retrace then my bias change to either consolidation or up

man this elliot thing is very interesting
thats for g/j

retrace complete profit book +88 for entry on long g/j closed at 210.28

today result +88
open trade :
G/J short at 213.50 s/l at 212.00
G/J short at 212.16 s/l at 211.80

add entry
G/J short at 210.06 s/l at 210.70
waiting for a better entry

adding an entry on g/j based on this PA
short g/j at 210.16 s/l at 210.70

adjusting s/l at 211

adding an entry at 210.32 s/l at 211
based on this

closed 1 short entry at 210.06 for -100........... no comment.... my bad that is
at least i'm trying to be honest with my trade...
also i did another mistake.... revenge trade that is..... man... now i feel very bad....
latest update on my entry
short g/j 211.04 s/l at 211.50
short g/j 210.82 s/l at 211.50
short g/j 210.32 s/l at 211.50
short g/j 210.16 s/l at 211.50
short g/j 212.16 s/l at 211.50
short g/j 213.50 s/l at 212.00

that's it i'm out of here..... bad trade... u must know when to get out.....

bad day today.... thank god for MM
but lesson learn
bias still short as long g/j don't break 214 level
retracement caught and reversal pattern occurred hope this played out

entry remaining
short g/j 211.27 s/l at 211.87
short g/j 212.16 s/l at 211.87
short g/j 213.50 s/l at 212.00

based on Pinbar on H1 and a confirmation candle after that

today's result RED... BIG RED PIPS.... I HATE RED PIPS

all entry closed
-60+29+150=119 pips

looking for another entry

ok now i'm going to be very careful this time..
re analyze G/U
weekly fib..
need a retrace up from a downtrend that begin on 04/11 2007 to 13/01 2008 and a retrace forming confirmation on a pinbar followed by bull candle shown on chart meaning weekly bias is up to the retracement area 2.0400-2.0050
daily fib..
retrace consider happening right now for the run that start 22/01 2008 to 30/01 2008 meaning daily bias another up
so.... looking a dip for upmove
got the entry based on hourly as shown on chart

entry on 1.9696 s/l at 1.9596 tp 2.0238
risk is 2% of the capital target 138% retracement fib on the daily and also the target is inside the retracement zone for the weekly fib
let see if this pplayed out

same on g/u re analyze
weekly fib
retrace is needed after the down move from 23/12 2007 to 20/01 2008 bias UP
daily fib
up move from 23/01.2008 to 25/01 2008 complete and a retrace happen on the 61.8% purple fib confirmation candle pinbar followed by a bull candle
bias.. UP
Hourly
man this retrace on the weekly is happening right now targeting 109 i think..
waiting for 109 to be touch then re analyze.. miss this setup

target is 109.00 possibly 109.79 but no entry on this one

weekly fib
retrace needed for the down move started at 16/12.2007 to 20/01.2008
bias.. UP
Daily fib
Upmove happening right now and a retrace occurred on 50%fib i don't know if this real or not because the pinbar created on sunday candle. but... considering that price had also breached 38.6% fib than i consider this real and a retrace has happen
Hourly
miss the hourly setup waiting for another setup
targeting 216.19 for the first and 217.49 for the second

adding order buy stop for:
U/J 107.19 s/l at 106.19 target 109.50
G/J 211.22 S/l at 209.22 target 216.19