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Gejordan Weekly Journal

  • #741
  • Dec 6, 2017 5:52am Dec 6, 2017 5:52am
Quoting gejordan
Probably be the last nightly video... Rearden, you should be getting the idea... now I want to see you roll with the idea for a few weeks and post what happens and I'll give you some feedback on a collection of trades. https://youtu.be/qnkVH9mHLbs

HI G,

Yes.. I ill post my trades both winners and loosers. I had a PO today which was not triggered. Missed by 1 pips+ spread

One question... Would you consider a short from the black arrow since that was a retest after break of the previous lows. I understand its not the edges of the channel but last week we were looking for a retest action when the HL were broken to the downside....is this a 50/50 location or a good place to go short? I didn't take the short because the price was going up from the low of the bigger swing...blue arrow... Thank you.
Attached Image (click to enlarge)
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  • #742
  • Dec 6, 2017 6:11am Dec 6, 2017 6:11am
Quoting Rearden
{quote} HI G, Yes.. I ill post my trades both winners and loosers. I had a PO today which was not triggered. Missed by 1 pips+ spread One question... Would you consider a short from the black arrow since that was a retest after break of the previous lows. I understand its not the edges of the channel but last week we were looking for a retest action when the HL were broken to the downside....is this a 50/50 location or a good place to go short? I didn't take the short because the price was going up from the low of the bigger swing...blue arrow......
The black arrow is a tougher one, you just have to know the risks. So always try to keep risk as low as possible and in your favor. You can hit the button from anywhere... what you will learn, the more you take my approach, is the difference between better quality and 50/50. So you can take it, but do so with as little risk as possible and don't let the losses you take on these mentally bring you down.

Its ok that you missed today, you had an awesome and successful plan. Start appreciating your ability to see what happened and make that important in your brain. Make it more important than the missed trade.

Show me the follow up trade not marked and why it might be worth trying
Be bullish on you.
  • #743
  • Dec 6, 2017 7:00am Dec 6, 2017 7:00am
Quoting gejordan
{quote} The black arrow is a tougher one, you just have to know the risks. So always try to keep risk as low as possible and in your favor. You can hit the button from anywhere... what you will learn, the more you take my approach, is the difference between better quality and 50/50. So you can take it, but do so with as little risk as possible and don't let the losses you take on these mentally bring you down. Its ok that you missed today, you had an awesome and successful plan. Start appreciating your ability to see what happened and make that...
I am not 100% sure of the answer. But I will share what I think .....price has closed below the low indicated by yellow arrow. So wait for price to come back to where it dropped from(also top of the channel) .... see if there is a PA.....price gave a BEOB....... Enter short on a retrace(to reduce risk) of the BEOB .. the orange arrow.
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  • #744
  • Dec 6, 2017 8:41am Dec 6, 2017 8:41am
Quoting Rearden
{quote} I am not 100% sure of the answer. But I will share what I think .....price has closed below the low indicated by yellow arrow. So wait for price to come back to where it dropped from(also top of the channel) .... see if there is a PA.....price gave a BEOB....... Enter short on a retrace(to reduce risk) of the BEOB .. the orange arrow. {image}
Good job. I used to try and teach everyone to take all of these trades, but through experience have found it only feeds your evil trading brain. So, try to locate the areas, you don't have to trade them all, but learn about price by identifying them.

Inserted Video
Be bullish on you.
  • #745
  • Dec 6, 2017 11:08pm Dec 6, 2017 11:08pm
Quoting gejordan
{quote} Good job. I used to try and teach everyone to take all of these trades, but through experience have found it only feeds your evil trading brain. So, try to locate the areas, you don't have to trade them all, but learn about price by identifying them. https://youtu.be/A0f1KF3FBfk
Thank you.

I will post my winning and loosing trades when i take it. Thank you for the help.
  • #746
  • Dec 7, 2017 12:31am Dec 7, 2017 12:31am
Thank You, G for your video.
And its good to see you again.

Rearden, all the best on your journey!
  • #747
  • Dec 7, 2017 5:32am Dec 7, 2017 5:32am
Attached Image
  • #748
  • Dec 7, 2017 7:43am Dec 7, 2017 7:43am
Quoting Veritos
Thank You, G for your video. And its good to see you again. Rearden, all the best on your journey!
Thank you Veritos

Hi G,

My chart for the day. I had another missing trade today too.. its ok...

Since the price broke yesterday's low I am looking for price to come up to 1795 to 1800 area and a bearish PA for a short with SL above 1810...I will be cautious about the short due to the double bottom+ BUOB(yellow arrow) ....and also I remember you telling few days back that you will be hesitant to short 1790 area.......

earlier in the day I was thinking to take a long trade from 1780-85 area because of the short term high made at black arrow.....it went up before coming down to 80 area.. so I gave up the idea...

For now, only the short from 95-1800 is the radar....if it breaks 1800-1820 area I may look for long... thank you
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  • #749
  • Dec 7, 2017 4:52pm Dec 7, 2017 4:52pm
Quoting Rearden
{quote} Thank you Veritos Hi G, My chart for the day. I had another missing trade today too.. its ok... Since the price broke yesterday's low I am looking for price to come up to 1795 to 1800 area and a bearish PA for a short with SL above 1810...I will be cautious about the short due to the double bottom+ BUOB(yellow arrow) ....and also I remember you telling few days back that you will be hesitant to short 1790 area....... earlier in the day I was thinking to take a long trade from 1780-85 area because of the short term high made at black arrow.....it...
Entered short at 94.... price formed the smaller blue channel after my entry... so I reduced my risk further....I went to bed after the candle marked with red arrow.... I see a possible reentry at the green arrow... but was not watching chart around that time. Thank you.
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  • #750
  • Dec 7, 2017 9:12pm Dec 7, 2017 9:12pm
Quoting Tadeusz
{image}
good job keeping loss small... not my first pick for the day.
Be bullish on you.
  • #751
  • Dec 7, 2017 9:21pm Dec 7, 2017 9:21pm
Quoting Rearden
{quote} Entered short at 94.... price formed the smaller blue channel after my entry... so I reduced my risk further....I went to bed after the candle marked with red arrow.... I see a possible reentry at the green arrow... but was not watching chart around that time. Thank you. {image}
it's easy to find channels everywhere, so be careful with your drawing of channels. don't go channel crazy. keep the bigger picture in mind. you could've done without the purple lines. I like that you noticed price with the blue lines after you entered the trade.
Be bullish on you.
  • #752
  • Edited 9:56pm Dec 7, 2017 9:44pm | Edited 9:56pm
day in review... rearden, compare this dialogue with your own, this dialogue should happen before you trade. (see the chart)

We came into the day looking to go short. We had a low on the left at 1780, that was close enough to the Asian session low, so we had to keep it in sight. Overnight, price went to 1808. So, when London comes on line we would like to be in short from as close to 08 as we can that gives us low risk. Personally, I would of liked to have seen price get to 15-20ish but it never did. That's the pre trading game plan.

You could've taken an "advanced" entry from 02 (Rearden, you were in the ballpark on that first chart) during London. US could've arguably been looking long from bottom of your blue lines, but gotta bail after the rejection of my 15-20 area.

NOW to NFP today...

Still looking short. See if we get a chance in London. Stay clear of NFP while learning to be profitable.

NOW let's do it for Tadeusz and his GJ...

Looking short, overnight high at 57ish. Gets above and comes back in, but not on action. Beware. Big blue line on chart that price happens to be respecting... Beware 2. Try the short which happens to come on bullish action back out of the box... Beware 3. KEEP LOSS SMALL. He kept loss small.

Why did I say not my favorite? Well, we know the big guy, GJ, can be excitable, so my issue is, how do I pick between 05, 75, or 53 to get short from? Who knows. So you gotta be ready to have about 36pips in losses to get the 70 that entry from the 05ish finally gave you.
Be bullish on you.
  • #753
  • Dec 8, 2017 2:31pm Dec 8, 2017 2:31pm
As I was loading this, I saw nyjetfan's name at the bottom... long time, hope its going well.
Inserted Video
Be bullish on you.
  • #754
  • Dec 8, 2017 4:23pm Dec 8, 2017 4:23pm
Quoting gejordan
As I was loading this, I saw nyjetfan's name at the bottom...
Yeah, looks like someone forgot to lock the door and I snuck in. Glad to see your back GE, been doing some trading but haven't been consistent with it as life has been getting the best of me the last year or so with work/job changes. I will probably just relegate myself to higher TFs and focus on that for the foreseeable future.

By the way - what happened to our hometown hero MikePip? Reading through the thread it looked like he was starting to put things together, and then he disappeared in July. Hopefully it all clicked for him and he now is retired on his own private island.

Good to see some of the old group back here and hopefully everyone is doing well.
  • #755
  • Dec 8, 2017 4:31pm Dec 8, 2017 4:31pm
Quoting nyjetfan
{quote} Yeah, looks like someone forgot to lock the door and I snuck in. Glad to see your back GE, been doing some trading but haven't been consistent with it as life has been getting the best of me the last year or so with work/job changes. I will probably just relegate myself to higher TFs and focus on that for the foreseeable future. By the way - what happened to our hometown hero MikePip? Reading through the thread it looked like he was starting to put things together, and then he disappeared in July. Hopefully it all clicked for him and he...
Mike had a job opportunity and is busy with that.
Be bullish on you.
  • #756
  • Dec 8, 2017 4:36pm Dec 8, 2017 4:36pm
Quoting gejordan
{quote} Mike had a job opportunity and is busy with that.
That's great news, I'm sure he's doing well with it. If you talk to him, tell him Jet said hi.
  • #757
  • Dec 8, 2017 8:34pm Dec 8, 2017 8:34pm
Quoting gejordan
{quote} it's easy to find channels everywhere, so be careful with your drawing of channels. don't go channel crazy. keep the bigger picture in mind. you could've done without the purple lines. I like that you noticed price with the blue lines after you entered the trade.
Yes... I see it... the channel was slightly up ...and the price came down from there. Thank you for the feedback
  • #758
  • Dec 11, 2017 6:00pm Dec 11, 2017 6:00pm
HI GJ,

11 Dec

I attempted 6 trades. 2 losing trade, 1 winning trade

I saw the market going up during London session and entered long after the BUOB at black arrow...with Stop loss at 1773... the market came down ....and when it reached 1775 I cut the trade manually thinking it will hit my stop loss.... Market turned to the upside and went up . It would have been better if I allowed my stop to be hit. The SL was at 73

I saw the BUOB at yellow arrow and put a pending order. It was not triggered.

I saw that the price was unable to close above 1.1800 BRN and shorted @ 92 after the BEOB. The next candle was Bullish..... I exited the trade thinking it will go up. I thought i will short if it gives another PA at 1.1800 which is slightly higher.... the market came down.. I lost few pips on this trade.

The market came down to the bottom of the channel...and gave a bullish candle.Since the candle was not a Pin or BUOB I thought I will enter on retrace as a channel trade.... It was not triggered.

I entered another short limit when the candle at brown arrow was formed. However when I saw that the next candle was an indecision candle I cancelled the PO thinking it may support at 92 area and go further up.

I put a short limit after the market gave a BEOB at green arrow. The BEOB closed below 1.18 BRN .... I took first profit at 1784 and second Stop loss is at 81.
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  • #759
  • Dec 11, 2017 7:32pm Dec 11, 2017 7:32pm
Quoting Rearden
HI GJ, 11 Dec I attempted 6 trades. 2 losing trade, 1 winning trade I saw the market going up during London session and entered long after the BUOB at black arrow...with Stop loss at 1773... the market came down ....and when it reached 1775 I cut the trade manually thinking it will hit my stop loss.... Market turned to the upside and went up . It would have been better if I allowed my stop to be hit. The SL was at 73 I saw the BUOB at yellow arrow and put a pending order. It was not triggered. I saw that the price was unable to close above 1.1800...
I saw the first words of your post... '6 trades' and thought... "oh, brother"... but you read the market very well. We'll teach you how to trade it better in due time... I wanna watch you do a bunch more.
Be bullish on you.
  • #760
  • Edited 7:59am Dec 12, 2017 7:33am | Edited 7:59am
Quoting gejordan
{quote} I saw the first words of your post... '6 trades' and thought... "oh, brother"... but you read the market very well. We'll teach you how to trade it better in due time... I wanna watch you do a bunch more.
Sure. thank you. no trades yet for today... waiting on the sidelines to see what market shows...

My chart for today.... I was not near the computer when the candle at 14:15 GMT closed...just came back now..

didn't take short of the line at 1791...because the yellow zone was too near and the R:R was 9 risk and 7 reward....and also too much of bullish strength going to that line(long bullish candles).
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