My GBPJPY trade journal

My GBPJPY trade and summary 5/28/08

My GBPJPY trade and summary 5/29/08: +67 pips per position (3 trades for session, color-coded).

Price finally took off to the upside an hour or so after I went to bed. Missed the trade. Two charts, before and after. Cheers.

Missed this great trade, no excuses.

Chart study, Tuesday, early a.m.

Rethinking my decision not to trade.

My Tuesday (overnight) trade. Chart and summary

Loving your journal so far. Outstanding trades! Be sure that you have a fan who is also into GBPJPY.

Thank you for your response -- reckon there's a few of us out there trading the GJ after all. All I trade these days. A toast of the glass!

Cheers

My NFP trade and summary

I don't know where you got that 55ema but it sure doesn't look like the one on my screen. What is your parameters for both of those 55 ema and 200 ema?

I'm guessing they are simple ma?

EDIT:One more thing, where did you get those support, Central Pivot Point, and resistance from?

Right, 55 ema and 200 ema, which will look different on the chart from time frame to time frame. I get my pivot points @ actionforex.com

Sunday (overnight) trade and summary

Vfforexlee,
Another likely reason that my moving averages may look different on the chart is that I "stack" four charts on the screen horizontally, so that I can look at four time frames simultaneously. I prefer this vs. having one chart on the screen, where everything looks "stretched out". By shrinking the width of a chart, all the indicators have more definition, e.g. the stochastic indicator and Bollinger Bands. I'm not advocating this one way or another, in fact the way I set up the look of my charts is probably the exception to the rule.

Cheers

I got "cold feet" because of oversold stochastics on lower time frames, and closed out the trade. A minute later price dropped through the current floor and may revisit the CPP (see spike on 1 hour chart, 5 hours ago), or even continue lower. Still it's a lot riskier when one enters a trade deep into the move. And anyway, there's another session and another opportunity waiting in the wings.

Hi greg,

your results are very impressive. Thank's for keeping this journal with interesting comments to learn from. I sent you a pm.

PC

See you around, and glad you enjoy my posts.

Cheers

The move up really started yesterday morning, possibly another reason why the upside played out before reaching intial R1 target tonight. I forgot about that in my upside profit calculation.

My Sunday overnight trade.

Greg Wilson,

I sent you a pm. I've been studying your trading journal for a long time and I'm liking what I am seeing right now.