Terry's Journal

THERE IS ALWAYS A TREND SOMEWHERE:
On every pair on any given timeframe......

New trade on gold:

Long on move above hammer

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All the best to you Terry, GW

Thanks GW,

Plan to spend more time on this site since Strat's site has shutdown. I will be bringing strat's teachings with me.

Regards

Hi Terry

Good to see you starting trading journal on this forum.
I also want to create trading journal but as a new member I can not start new thread.
So I will post some trades on Strat's thread.

JC

I would have thought you could start your own journal once you became a member.

Regards

New trade on chfjpy

Long above BUOB/BUEB rejecting bottom of shadow and bottom of WCC.

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Apparently not. I think after a few posts then your membership is upgraded to full membership, after that you can start new thread.

JC

chfjpy update

Stopped out at EOW

Looking at this trade during my weekend analysis makes me realize this was a waste of time. Many more good opportunities out there which I will be following this coming week.

No price structure to support a profitable long position.

Hello Terry, would you be so kind to advice me on how to setup Strat template or post your template here. Many thanks. Ayo.

I am glad to hear you are interested in Strat's method but you need to start reading the path and learn and understand PASR before anything else.

Regards
Terry

new short on EURNZD M30

new trade on GBPNZD

Long on worker close above hammer two days ago.

BB up, Boss up, worker up with PA and rejecting support

Terry, excuse me for posting on here as this guy's last post was on my "old" original thread and he only "lurks" on my new thread. Thank you.

ayour2a - You have been on FF for 11 years and you are STILL thread hopping like it is going out of fashion in search for the HOLY GRAIL.

The HOLY GRAIL is what YOU see when you look in the mirror.

Have you thought that you may not be cut out for trading?

Decided it was time to renew my journal to chronicle my thoughts and trades.
I will be using Big Boss control candles at price extremes to set logical support/resistance levels.
Dropping to Boss, I will also highlight their control candles.
Using the worker and H4, H1 strat shadow to manage trades within the control candles.

Starting with AUDUSD example of last few weeks
Green box is BB control candle
Red box is Boss control candle
Can be seen dropping to worker and H4 the good trade opportunities that presented themselves from the bottom of the WCC using the strat shadow.
In this case now that price has broken through top of WCC, expect resistance at the top of the BB control candle so will watch price action in that area moving forward.

During my EOW review I decided to post this example to remind me of the structure I am looking for:
Set BB control candle
Using its top and bottom along with daily strat shadow
Watching price action at the internal support and resistance area (shadow, 200ema)
Several swing trades in both directions

In this case the fourth attempt at the resistance level was successful and that now turned into support

So now what?
Price is approaching a significant BB s/r level
Watch price action on all three time frames moving forward

Start watching more closely the H1 and H4 for price action at the BB s/r levels

After spending many hours this weekend looking at all the previous stuff I have been looking at I find I am getting overwhelmed with too much data and information causing me to suffer paralysis by analysis and throwing my hands up saying I Have No Clue.

So I decided to go back to my strat chart with all my original averages added to the shadow.
This seems like a lot of clutter but it helps me identify areas where the averages and the shadow are altogether and the potential to expect a move from that area.
I will watch for PA for initial breakout to the direction of the 200ema
Once hit, watch for move back down through the shadow
If price has retraced to the shadow and 200 is also within the shadow, look for PA to move back in original direction
example using daily AUDNZD