MY Journal-phil13

Hi Alex

yes my friend news overrides all and any analysis that we may do.

regards

Phil.


a quick way of trend tracking on the higher time frames i have found is using price action with rsi.... not so good using below H1 i find... our analysis should be done using the higher frames while using the lower frames for pure price action read entries/exits.

last part of the U/J recovery trade concluded now....

from post.. https://www.forexfactory.com/showthr...6#post10671756

So why did I post the above USD index??..... maybe I thought I saw a puddy cat after tweety pie (you may have to be older to understand this, from an old cartoon).

So what happened….. and why??
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The result (what happened).



And the why….



not endorsing this guy but is a good video to explain what i see.... title is bit dramatic just look past that.

more on using stop/order areas...




do not always expect identical set ups.... they are there but are are the same with differences most times.

E/U trade... another standard one way recovery...



















cont' in post below.....

cont' fron post above...

Lol. hahahaha. This bugger got me too. hahahha.
Bund and EU, might converging(or rather is, and quite alot of space), broken the double top neck this week and it seems USD bull might be around the corner, so it looks like the wind is in our favor??

Regards
Ray.

Hi Ray

good to see you here again, you may right, my friend.

regards

Phil.

A/U trade... this what scouts are for ... saving us from ourselves.... listen to them and do what is needed when the time comes, it saves having long battles.

A/U trade.... another go but time of day/week has dictated i am better off out of this trade rather than hold this risk over the weekend.















what you may have noticed is the last few trades have not really gone my way but this is what sorts the men (women) out from the boys (girls) in how we deal with these trades, we all go through these patches of things not working out for periods of time, learn to control these and you will become a consistently profitable trader.

the book (account/state) is the only thing in this that matters, without its survival we have nothing, like swimming learn to tread water (survive in the environment) then learn to swim (thrive and enhance the state).

AOW... 24. Now the general who wins a battle makes many calculations in his temple before the battle is fought. The general who loses a battle makes but few calculations beforehand. Thus do many calculations lead to victory, and few calculations to defeat: how much more no calculation at all! It is by attention to this point that I can foresee who is likely to win or lose.


calling it a week now..

E/U..... ...??

E/U..... not got passed the scout stage..... scout suggests slow market pre-news, so better off to re-assess after.

E/U trade.... 2nd attempt... this set of trades is a glimpse into the order book.

AOW...
15. Hence the saying: If you know the enemy and know yourself, you need not fear the result of a hundred battles. If you know yourself but not the enemy, for every victory gained you will also suffer a defeat. If you know neither the enemy nor yourself, you will succumb in every battle.

more on the use of stops/orders and seeing the order book, not trading in my demo account ATM and please remember i am only trying to show what i have found out along my own journey, i am not trying to rinse that demo account to rub my ego, just hoping my ideas and the way i trade may help or inspire others to do their research into these things as fti did for me.... only you can make yourself become what you want to be via your own personal journey. best of luck to those who try.

from my live account a gold trade i have just concluded. all figures hidden, sorry but that is my business only.

GOLD trade....

U/J....

U/J trade.....

U/J....

bigger picture posted above in d1 and h1, currently sitting near the MPS so may get another chance to take a trade today, waiting for for P/A to show it hand, took two legs yesterday, first one posted above.


ADDED... updated H1 chart.

U/J trade..... not happy with this entry and action so will re-assess, some you win, some you lose and some you miss, that is trading for you... which will this be???

ant's work ....

starting to the gather the stops (ducks) now... looking a bit better but which way??.... no trade yet until some clues show.

U/J continuation trade.... time of day and week is against me now, so pulling out while i can to keep my risk low, again this is what is 'best outcome' for my account (the state) at this time. what i may think is not important with the timing and risk factors taken in account here.

ant's works again....