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Gejordan Weekly Journal

  • #781
  • Dec 20, 2017 1:44am Dec 20, 2017 1:44am
Quoting gejordan
{quote} Good job identifying something made you mad. The continual acknowledgement of your feelings while trading goes a long way in keeping you from going on tilt. Yes and no on that trade from the grey arrow. Strict answer... No I wouldn't take because I generally don't trade at that time of day. I view what you have marked as the middle of a larger channel, not the breakout of a small channel. Less strict, I would take it if it were down at 1740s cause that would be a better place for that action at that time. For example, when I took that trade...
I was talking about trade in post 707.. the pin I took versus the one you took....

Yes, I understand what occurred was different.... there it was sellers coming in every time the price was making HH.. this shows the lack of bull power to bid the prices up.....here the overall bias is bulish and not the same context...... what I meant was .... as the bears was bringing the prices down on that day... bulls were tryin to bid it higher yesterday.. if you see the first yellow marking in my chart.. it is a bearish candle then doji and a bullish candle... then the next candle was retracement to half of the bullish candle and then market went up... the second yellow marking where I attempted the long was same too.. so I kept a PO...at half of the bullish candle
I am not sure if this makes any sense....

I liked the less strict explanation...... If I understand it correctly... when we are taking a trade which is lesser probability.. take it from a location which offers least amount of risk....

Thank you
  • #782
  • Dec 20, 2017 4:35am Dec 20, 2017 4:35am
Quoting Rearden
{quote} I was talking about trade in post 707.. the pin I took versus the one you took.... Yes, I understand what occurred was different.... there it was sellers coming in every time the price was making HH.. this shows the lack of bull power to bid the prices up.....here the overall bias is bulish and not the same context...... what I meant was .... as the bears was bringing the prices down on that day... bulls were tryin to bid it higher yesterday.. if you see the first yellow marking in my chart.. it is a bearish candle then doji and a bullish...
I understand what and how you are describing, here is my bigger point... its ok to draw from the knowledge you have from prior methods of trading if you can use it only after seeing the simple things first. The greater point of my trading is the prioritization of what you focus on while trading. We all want to be experts and/or sound like experts, its human nature and when it comes to trading its a coping mechanism for the massive uncertainty we face while trading forex. I want you to see simple things first and think simple things first EVERY TIME (it really is the key to profitability).
Be bullish on you.
  • #783
  • Dec 20, 2017 7:29am Dec 20, 2017 7:29am
Quoting gejordan
{quote} I understand what and how you are describing, here is my bigger point... its ok to draw from the knowledge you have from prior methods of trading if you can use it only after seeing the simple things first. The greater point of my trading is the prioritization of what you focus on while trading. We all want to be experts and/or sound like experts, its human nature and when it comes to trading its a coping mechanism for the massive uncertainty we face while trading forex. I want you to see simple things first and think simple things first...
yes.... sure... will do. Thank you
  • #784
  • Dec 20, 2017 8:13am Dec 20, 2017 8:13am
Quoting Rearden
{quote} yes.... sure... will do. Thank you
So, let's apply that to today as an example. Moving up, would like to trade up. Simple thought. Price broke high of 18th yesterday, let's see what happens overnight and see if that supports. Beware high of 14th. Simple thought.

Price seems to be supporting, lets see if we get low risk opportunity (we've had a couple).

THEN, if you want to draw on other experiences, then do so. But, only after simple viewing of price. Every Time!

I know this sounds way too simplistic, but that's what you want. Again, for everyone, our brains try to make it complex to make us feel smarter about decisions of certainty in uncertain environments (such as forex). We are dumb money and the last to the show... accept it, embrace it, don't fight it.
Be bullish on you.
  • #785
  • Edited 8:52pm Dec 20, 2017 7:16pm | Edited 8:52pm
HI G,

20 DEC

I didn't take/attempt any trades yesterday....I didn't get much time to look at charts....
  • #786
  • Dec 21, 2017 5:42pm Dec 21, 2017 5:42pm
HI G,

I took 3 trades. All three were not profitable. My bias was bullish.

1. Since my bias was bullish when the market came down to the open I went ahead and bought. The market came down for a retrace but I exited before it hit my SL. If I held on to this trade it should be a first profit and BE
2. The market came down to 1850 area and gave a bullish action.... I went long at 65. it hit my SL at 1850.
3. Now I thought the market made a LL and broke out of black channel.... when it came back to the bottom of the black channel I went short....I saw that it is going up from 1.1850 and reduced my SL....Also I didn't notice that the price was ranging between the bigger red channel.
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  • #787
  • Dec 21, 2017 7:20pm Dec 21, 2017 7:20pm
Quoting Rearden
HI G, I took 3 trades. All three were not profitable. My bias was bullish. 1. Since my bias was bullish when the market came down to the open I went ahead and bought. The market came down for a retrace but I exited before it hit my SL. If I held on to this trade it should be a first profit and BE 2. The market came down to 1850 area and gave a bullish action.... I went long at 65. it hit my SL at 1850. 3. Now I thought the market made a LL and broke out of black channel.... when it came back to the bottom of the black channel I went short....I saw...
Ok... good and bad... First the bad... you seem to be doing some version of your own thing that isn't quite what I'm showing you. Go back and watch the videos. I can't be more complete and direct in what I do each day, there are details I want you to take note of. I'll leave the videos live a couple more days so I suggest watching them one more time and pick up on the details.

The good... you have a good sense of what direction you need to be going, but you are getting caught in unprofitable trader traps. You are getting scared by the natural movement of price because you are entering with raw risk that you are obviously uncomfortable with. Look, you can always say that you only want it to go against a few pips, but if that place is where price might naturally go you will always close where you could be opening. Know where price can go. Study where price can go. Think about where price might go. Spend your time thinking about, watching, and locating the up and down nature of price.

Here are comments in picture form so you have something to study and think about.
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Be bullish on you.
  • #788
  • Edited 8:00am Dec 22, 2017 7:42am | Edited 8:00am
Quoting gejordan
{quote} Ok... good and bad... First the bad... you seem to be doing some version of your own thing that isn't quite what I'm showing you. Go back and watch the videos. I can't be more complete and direct in what I do each day, there are details I want you to take note of. I'll leave the videos live a couple more days so I suggest watching them one more time and pick up on the details. The good... you have a good sense of what direction you need to be going, but you are getting caught in unprofitable trader traps. You are getting scared by the natural...

Hi G,

To be honest, I am trying to do what you are showing me. It ends up like this. I watched the videos few times. I will watch it again to learn the missing details.

I think I am still trying not to miss trades. I think the big PA candles seduces me to take the trade immediately thinking that it will go in my direction. Normally the BUOB candles are big and end up closing in the other side of channels where risk is least favourable.... Looking back yesterday's chart.. all three turned to my direction after hitting my SL which means I am entering early trying not to miss trades.

I would like to study about price movements during this weekend... what are the things that you did when you were a novice trader to study the up and down movement of price? Did you review past charts? and what are the things you took note of in those charts... is it HH, LL etc and its relationship with channels (this is only example)....could you share any exercises that you did which helped you.... The reason why I ask this is ... right now, I am spending a good amount of time(cutting down a lot on sleep) watching past charts and trading it on a back testing software after I am back home in the evening.... so if I spend most of the time looking the charts in a wrong way I will end up only good at looking it in a wrong way.. Now, I see channels which are not significant and sometimes do not see ones which are significant. will you be able to share what you did to learn to view the charts the way you do...

Thanks a lot for the above charts....and your time. It helps a lot.Thank you
  • #789
  • Dec 22, 2017 8:30am Dec 22, 2017 8:30am
Quoting Rearden
{quote} Hi G, To be honest, I am trying to do what you are showing me. It ends up like this. I watched the videos few times. I will watch it again to learn the missing details. I think I am still trying not to miss trades. I think the big PA candles seduces me to take the trade immediately thinking that it will go in my direction. Normally the BUOB candles are big and end up closing in the other side of channels where risk is least favourable.... Looking back yesterday's chart.. all three turned to my direction after hitting my SL which means I...
You are doing the exercises, right now in real time. Drop the back testing because there is no emotion in back testing and sleep is more important. You might identify something wonderful in back testing and then trade it horribly because you don't have a handle on yourself.

I have been giving you lessons this whole time, trust me, I won't waste your time, if I am pointing something out... it's for a reason. It's because you are doing something that needs to be overcome. I've been on here for a hundred years now trying to help, I have it boiled down to the essence as much now as I ever have. The true question is when will you start listening to me and to yourself? (and I don't mean that in a bad way like it sounds).

Go back, read the posts, listen to the video and apply it in a meaningful way. Right now your brain is applying it in an effort to get a quick fix and move on so you can get profits as fast as possible. Force yourself to slow down.
Be bullish on you.
  • #790
  • Dec 22, 2017 9:43am Dec 22, 2017 9:43am
So, we see what is happening today, but it wasn't a hard day to evaluate and the clues for it came yesterday.

We enter today still slightly wanting to go long, but we know from a practical standpoint that shorts are probably going to be ok, too, based on yesterday. I put 2 lines on the chart in the pictures. One at 1862, one at 1848. We have an overnight low down at like 15 and high at 74.

74 - Overnight High
62 - yesterday support
48 - yesterday support 2
16 to 19 - support area
15 - Overnight Low

Do the math... where would you rather go long, where would you rather go short? Based on where London opened, where did I trade from if I was around for London? If I slept in... where would I want to trade from during the US session?

No matter if it's lines or boxes on a chart, or just numbers like that... they have to have more importance than the mini-adrenaline rush you get when you see an action and start thinking about hitting that button wanting that cheese.

Want the best exercise I can give you... Post 195
Be bullish on you.
  • #791
  • Dec 22, 2017 11:49am Dec 22, 2017 11:49am
Quoting gejordan
So, we see what is happening today, but it wasn't a hard day to evaluate and the clues for it came yesterday. We enter today still slightly wanting to go long, but we know from a practical standpoint that shorts are probably going to be ok, too, based on yesterday. I put 2 lines on the chart in the pictures. One at 1862, one at 1848. We have an overnight low down at like 15 and high at 74. 74 - Overnight High 62 - yesterday support 48 - yesterday support 2 16 to 19 - support area 15 - Overnight Low Do the math... where would you rather go long,...
If you are awake during the London session you can trade after the close of red arrow for a 7 pips risk to 7 pips reward... this is still risky because price can go up to 68 area.....the trade in US session is on retracement of the bearish engulfing at white arrow?

Thank you for the pointing to post 195. I will do a check on myself before every trading session starts.
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  • #792
  • Dec 22, 2017 12:06pm Dec 22, 2017 12:06pm
Quoting Rearden
{quote} If you are awake during the London session you can trade after the close of red arrow for a 7 pips risk to 7 pips reward... this is still risky because price can go up to 68 area.....the trade in US session is on retracement of the bearish engulfing at white arrow? Thank you for the pointing to post 195. I will do a check on myself before every trading session starts. {image}
Don't show me a chart. Now answer my questions.
Be bullish on you.
  • #793
  • Dec 22, 2017 12:26pm Dec 22, 2017 12:26pm
Quoting gejordan
{quote} Don't show me a chart. Now answer my questions.
The London opened around 1856. So you will look for going short as close to 1862 (If there is PA)until it breaks higher. the long will be as close to 48 which is support 2 until it breaks lower

For US session, Once the price came down and closed at 1844(below 50 RN) we can enter short on revisit of the 50 area.
  • #794
  • Dec 22, 2017 12:29pm Dec 22, 2017 12:29pm
Quoting Rearden
{quote} The London opened around 1856. So you will look for going short as close to 1862 (If there is PA)until it breaks higher. the long will be as close to 48 which is support 2 until it breaks lower and gives you PA.
Someone else wanna try?
Be bullish on you.
  • #795
  • Edited 7:51pm Dec 22, 2017 6:45pm | Edited 7:51pm
Quoting gejordan
74 - Overnight High 62 - yesterday support 48 - yesterday support 2 16 to 19 - support area 15 - Overnight Low Do the math... where would you rather go long, where would you rather go short? Based on where London opened, where did I trade from if I was around for London? If I slept in... where would I want to trade from during the US session?
I'll try.

If I simply look at the numbers, I want to be short from 74 and long from 15.

For London, next best short was 62, which price got very close to on 11:15 bar following bearish action. For US session I'm struggling, short from 74 or long from 15, but it didn't reach either. Next best short at 62, it got to 56, but 48 was still there.

When I was watching the chart around London open, my actual thought was long from 48, and I had marked the 01:30 bar (64-68) as an area that might hold for short. I then wasn't real sure about either and didn't try anything.
  • #796
  • Dec 22, 2017 8:22pm Dec 22, 2017 8:22pm
Quoting Tadeusz
{quote} I'll try. If I simply look at the numbers, I want to be short from 74 and long from 15. For London, next best short was 62, which price got very close to on 11:15 bar following bearish action. For US session I'm struggling, short from 74 or long from 15, but it didn't reach either. Next best short at 62, it got to 56, but we 48 was still there. When I was watching the chart around London open, my actual thought was long from 48, and I had marked the 01:30 bar (64-68) as an area that might hold for short. I then wasn't real sure about either...
Good... First answer is you wanna be short from 74 or as close as possible and long from 15 or as close as possible. Next you can do some simple math and see if those two lines from the day before might be any good... well, the 62 might be good for a short... 12 pips of risk and 40+reward (reward is not to the 48 line). The 48 line probably isn't going to be as good because we have too much risk either way. BUT, we need to see if those lines are meaningful in any way at this point.

If I am around for London, I look and see if either of those lines are in play... well, the 62 might be. Price is approaching and giving bearish action. Nothing significant at 48 line at that time, price paused there, but then moved up. So we get some bearish actions and you can enter on the retrace to be as close to 60-62 as possible. You do get some bullish actions at the 48 area, but is that a good long? Probably not... look at the details of price and you'll see the difference in the short versus the long.

US session... nothing much really, still want to be in from closer to 62, but price didn't get up there prior to the drop.

As for longs, you have a speculative long later in the day, the big overnight wick gives you some hope, and that is the only time the risk reward gets right for the long. Hopefully this makes sense.
Be bullish on you.
  • #797
  • Dec 22, 2017 9:34pm Dec 22, 2017 9:34pm
So, Rearden, point of the exercise: Journal, see the chart, think about risk... all before worrying about hitting the button.
Be bullish on you.
  • #798
  • Dec 23, 2017 9:05am Dec 23, 2017 9:05am
NOTE: I will be using this space in 2018 to journal a separate project so wanted to give fair warning when you see some strange posts/trades. (No, I'm not changing the way I trade or anything and have marked important posts in post#1 if you stumble upon this thread and want to know how I trade)

Tadeusz, Rearden, and anyone else feel free to continue posting your trades for review and commentary.
Be bullish on you.
  • #799
  • Dec 24, 2017 10:12am Dec 24, 2017 10:12am
Quoting gejordan
NOTE: I will be using this space in 2018 to journal a separate project so wanted to give fair warning when you see some strange posts/trades. (No, I'm not changing the way I trade or anything and have marked important posts in post#1 if you stumble upon this thread and want to know how I trade) Tadeusz, Rearden, and anyone else feel free to continue posting your trades for review and commentary.

Hi G,

Noted. Sorry, I was busy with Xmas activities. So couldn't reply earlier.


Merry Christmas to you and everyone here.
  • #800
  • Dec 25, 2017 12:34pm Dec 25, 2017 12:34pm
Merry Christmas to all!!
Happy trading in the new year!
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