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D-W-M discretionary method

  • #1
  • First Post: Mar 21, 2018 3:33pm Mar 21, 2018 3:33pm
Hello everyone and good luck

I started to feel necessity to start a public journal, this might help both me and kind followers to improve own trading style

I would trade daily ideas on small account (semi-demo); weekly and monthly on the regular one.
  • #2
  • Edited 6:18pm Mar 21, 2018 5:04pm | Edited 6:18pm
So we starting with daily ideas.

AUD did a strong pullback, so buy follow-up.
Now I need to choose counter-currency for the asian session:

AUDNZD is close to weekly resistence, also there is no hourly breakout on the last consolidation phase. On the other hand AUDJPY doesn' have such problems
  • #3
  • Mar 21, 2018 5:12pm Mar 21, 2018 5:12pm
AUDJPY. I also see nice H4 consolidation breakout
Attached Image (click to enlarge)
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  • #4
  • Mar 21, 2018 5:13pm Mar 21, 2018 5:13pm
In AUDNZD positive divergence indicates that the current March low at 1.0635 should be followed by a rise. Trade idea - buy at market, add to longs at 1.0700, stop at 1.0585 and target at ..1.0950/85
  • #5
  • Mar 21, 2018 5:24pm Mar 21, 2018 5:24pm
Quoting Plenov
In AUDNZD positive divergence indicates that the current March low at 1.0635 should be followed by a rise. Trade idea - buy at market, add to longs at 1.0700, stop at 1.0585 and target at ..1.0950/85
Welcome!

Thanks, I'll back to this at weekly round-up
  • #6
  • Mar 21, 2018 5:57pm Mar 21, 2018 5:57pm
Quoting Plenov
In AUDNZD positive divergence indicates that the current March low at 1.0635 should be followed by a rise. Trade idea - buy at market, add to longs at 1.0700, stop at 1.0585 and target at ..1.0950/85
I think your idea suits intraday as well. I have closed audjpy and open audnzd
  • #7
  • Mar 21, 2018 6:07pm Mar 21, 2018 6:07pm
congrats to your new thread ! thank you ;Subscribed
dont follow me,you will loose your moneyy
  • #8
  • Mar 21, 2018 6:28pm Mar 21, 2018 6:28pm
Just bought EURGBP
  • #9
  • Mar 21, 2018 6:45pm Mar 21, 2018 6:45pm
Quoting Iceberg001
Just bought EURGBP
I wanted to wait for an european session open, but I see EUR in the prolonged consolidation, so it may move (somewhere) anytime. The worst thing is not to lose, but to miss an opportunity


Weekly: so we see strong bull few weeks back and and weak bears after.
Daily chart: we still have a downtrend ofcourse, but take into consideration GBP has burnt a lot of fuel to scare the bulls.
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  • #10
  • Mar 21, 2018 6:59pm Mar 21, 2018 6:59pm
Quoting Iceberg001
{quote} I wanted to wait for an european session open, but I see EUR in the prolonged consolidation, so it may move (somewhere) anytime. The worst thing is not to lose, but to miss an opportunity Weekly: so we see strong bull few weeks back and and weak bears after. Daily chart: we still have a downtrend ofcourse, but take into consideration GBP has burnt a lot of fuel to scare the bulls. {image}
Pay attention to this candle on the 1H chart. THis is "decider": you want to see confirmed breakout and buy on the pullback ideally
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  • #11
  • Edited 2:45am Mar 22, 2018 2:07am | Edited 2:45am
Normally I don't load with more trades at once, but the entry looks cheap.

Bought EURUSD. You can wait for a breakout for safer bet


UPDATE. H1 chart: you can wait until current candle close for the confirmation signal.
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  • #12
  • Edited 7:26am Mar 22, 2018 4:42am | Edited 7:26am
EURGBP M1: doji "decider" candle


UPD: open another buy order
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  • #13
  • Mar 24, 2018 2:36pm Mar 24, 2018 2:36pm
Weekly plan:

1) AUD: still the weakest but I expect it will start grow in the second half of the week.
2) EUR: I expect bull blow up
3) USD: might go down, wait for the additional confirmation

Daily idea: buy EURAUD (trend) or EURJPY (counter)
  • #14
  • Mar 25, 2018 9:58am Mar 25, 2018 9:58am
Potential monthly idea is to sell GBPJPY. Would be nice to see feeding bulls hopes before bearish breakout
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  • #15
  • Mar 26, 2018 4:31pm Mar 26, 2018 4:31pm
Will look to add EURUSD buy positions tomorrow.

Also I'm waiting for GBP and NZD to turn down, keeping in mind GBPJPY idea
  • #16
  • Edited Mar 28, 2018 5:51pm Mar 27, 2018 11:56pm | Edited Mar 28, 2018 5:51pm
Bought GBPNZD, planning to sell GBPJPY on american session

Closed *nzd, will start to sell *jpy.

P.S. Still no call from JPY, will wait for the breakout
  • #17
  • Mar 28, 2018 5:54pm Mar 28, 2018 5:54pm
Bought AUDNZD, AUDUSD might work too
  • #18
  • Mar 29, 2018 3:53pm Mar 29, 2018 3:53pm
GBPCAD short
  • #19
  • Mar 30, 2018 6:28pm Mar 30, 2018 6:28pm
Quoting Iceberg001
GBPCAD short
Converts to weekly idea. Both currencies are at the balance right now, so I expect bearish rally really soon. The target is 1.77500, may continue further after pullback
  • #20
  • Last Post: Jul 21, 2018 5:13am Jul 21, 2018 5:13am
USDJPY H4 Sell:

Place pending order on the strong resistance level (first pullback) or wait for the accumulation on the middle level (2-3 pullbacks).

If the price will continue to fall without pullbacks, you may want to buy from the target level after medium confirmation. So, basically...if you want to trade counter-trends - wait for the weak trend continuations (no pullbacks, no accumulation (flat)) and enter on the strong level). Strong levels are usually hard to break in a first go, and low trend fuel adds power to the opposite side in such situations). Please never try to use oscillators (adding ma or multiple TFs wouldn't help) - there's simply no any logic besides them...
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