My Price Action with FIFO, PVSRA, TDI, Fib and EMA Indicators!

AC +43.5 yesterday and took a new short in the R61-R100 Zone this evening (EST):

Loss with AN -$211.45 and -7.08% account, taking bad short trades in the wrong OS Support Near Term Zone of S61-S100% as I was scalping in the wrong direction:

AU +23.6, but in the Red with a high DD and -$244.37 or -8.18% of small account. But, I will hold on to this trade as the PA is entering the critical R61-R100% so the likelihood of a swing reversal is greater now. I can hold this as closing some major unrecoverable trades has allowed my Margin % > 200%. I was lucky that I did have a few trades at the WPP to hit their targets, In general, it is not wise to take a position at the WPP area, as there is not an edge, as the PA can go either way:

CJ short taken in the wrong OS area around the Bull or Near-Term Support. So, the mistake of selling into Critical Near-Term Support at S51-S100%. However, the PA seems to be rallying up to the OB R61-R100% Swing reversal area. So, I can hold onto it as well - for now that is. Remember, there is no guarantee what the MMs will do for sure, no matter the "News" as I have seen PA going opposite the News outcome after their expected immediate spike to take out SLs. So, Market Trading is trading probabilities no matter what, It is about keeping the psychology right as per MD and use your plan or skill set or Leverage ("The Edge") to eventually make a steady income:

EA +51.0, but shorted too close to WPP, so it was basically like gambling, as PA could have bounced-off WWP (Fib 50%) which is a very common "Fib 50% Phenomena" or went further south as it did and hit to short trade TP last Friday. Then, it did go further south beyond the WPP during the EO and LO while I was asleep. In retrospect, if I had enough Pips, which I did not, I could have placed several spaced out Buy Stops while I slept:

Manually closed EJ-$242.92 or -8.12% of my account to bring up my Margin% >150 0r > 200 with too many open trades. I hated to do it as the PA was pretty near the R61-R100% area. But, I thought it was the best to allow me to take better trades:

NC +78.1, but in the Red -$107.06. I am holding-on as it is likely to reverse soon:

NJ +25.8, but still in the red, but very close to the R61-FR100% Zone:

NU +24.6 and nearing OB Zone:

Finally, manually closed UJ to get back Pips for a better trades with leverage. As before, I made the mistake of shorting in the OS Zone of S61-S100% while scalping at a lower <15M TF in the wrong direction on the macro or higher TF that would have suggested to take a long position in the Support Zone:

Losing trades are part of the business based on probability and error. Losing is a way to learn and tweak skills.

GN my Friends !

-John

Wednesday, June 6, 2018 17:51 EST

AC +70.0

AJ -86.5 so far

AU - bad short trade into support last week 05/29/2018 at 2400 EST. Mow, in the Red with large DD. But. now the PA is in the Reversal R61-R100% so I took a short trade now:

CJ - the same situation as AU...it is a bad habit to sell into near-term support in the Zone S61-S100, nor Buying into near-term resistance zone or R61-R100% Zone. My oversight.

As with AU, CJ is entering R61-100R% for taking a short. However, my money is tided up:

EJ +25.0 - good short trade in the right Resistance higher-probability near-term reversal swing zone:

NC in a large Red DD for. However, the PA is entering the Reverse Swing area of Sellers (Bears) and I hope to be able to hold until reversal happens. Again, I sold too close to the Support or Buyers (Bulls) near term area, which resulted in a bad short trade that went against me:

GU - potential for new downward trend. However, this is were fundamentals are key to see the sentiment of the GBP vs USD:



Fundamentals:

Great video on learning basics of fundamental assessments by Jarratt Davis:

[/quote][/quote]

Next GBP News tomorrow 03:00 EST: Halifax Bank of Scotland about housing news.

https://www.halifax.co.uk/media-cent...e-price-index/

https://charts.mql5.com/18/458/gbpus...-division1.png


3:30amGBP
Halifax HPI m/m
1.1%-3.1%

NJ - in the Red DD, but in the reversal shorting zone:

UJ +50.5