Guitarbloke's quest for consistent profit

Hello friends,

Hope all are okay out there. I'm still trading, and trying to crack the code. Well, crack my emotional management code, yeah, that's it! lol.

I'm trying a combo of strategies i've learned over the years, mainly guided by candlesticks and trends on the D1 (and W1 M charts), but have seen value in trading H4 and H1 too. I'll be posting mainly live charts as they happen. Nods and thanks to J16, Steve Bigalow, and countless other good traders out there. Good to be back at FF. It's a great joint. Hope i can contribute something useful here.

Basic strategy: Trade D1 charts. Check FF economic news calender for significant events such as interest rate announcements on currencies i'm trading. Wait for price to touch or get very near 8 ema and close either side. Trade away from 8 ema with trend. Wait for PA - Engulfing bars, PB's, IB breakouts. Buy low, Sell high. RR. Min 1:1. SL - Dynamic ,or above/below PA i'm trading, BRN, SR, EMA. Entry - Flexible. Usually limit order at BRN and/or SR, ema level. Exit - Flexible. Usually at next high/low/SR/BRN level.

My approach will likely change and modify as i go along, but right now i'm taking my cue from the daily chart, using the 8 ema, trend, PA, S/R, BRN's as confluence. I'm currently flirting with bollinger bands and 200 ema too. i have traded naked charts using PA only in the past, and i may go back to that, but for now i'm finding some MA references useful. There'll be plenty of experimenting, stumbling and mistakes and that's ok.

DISCLAIMER: I am a beginner trader. I'm just a guitarist. I don't know much about the market and trading, so don't follow my trades as you will lose money. This journal is for me, not trading suggestions. Anyway, good trading and let's get into it.

USD/JPY D1

BEOB closing below BRN and 8 ema in strong downtrend with room to move lower. Sell.



Closed trade at 106.48 for 55 pip profit.

USD/CAD D1.

Bearish Shooting star formation making a swing high and rejecting 200 ema. If price closes below 8 ema, or forms bearish PA up at 200 ema, i will look to sell.

Still chipping away. Been trying a new strategy based on monthly open and close levels, P.A. and some EMA guidance. Pretty simple so i can follow it. One ema, 2 levels and PA. Still using 8 ema on D1 as above as a guide, but not the other indicators. Not perfect on back testing, so some real time analysis is needed before entering. 9 out of 10 winners in the last 2 weeks trading live. Looking good, but i need to keep trading it to make refinements and check consistency of method. Needs a couple of months at least to see if it's a goer. If my results remain good, i'll post some trades. Have a gr8 weekend out there. G

NZD/USD D1 Sell. Reasons for trade - Price closed below last months close (lower purple line). Downtrend. Price closed below 8EMA. IB.

Hi Guitarbloke, good to see your thread. But why did you put an end card. Come back, I will support you and we make a better tomorrow.

Thanks

Hi Shravan. Welcome friend. I'm still around.

S&P 500 H1. Selling when price closes below the 150 EMA and closes below last months open price, with PA. Target is discretional, but i'm looking for just below next purple line (monthly low close) and nearest lows and demand zone. So far so good. Took profit on N/U above and E/U. Will clarify method as i tweak it. just a rough approach for now. Ideally this chart would be traded long in line with D1 uptrend from lower M1 level, but experimenting.



FTSE 100. Buy.



SP 1200. H1. Buy order set. here's another set up. Price has closed above the monthly lower close and is trading above the 150 ema, so i am buying. See how she goes.

Lost on FTSE 100 trade above. Should've bought low as they say! In long from a better price now. Closed SP500 for small profit. Still in SP 1200.

Hang sen 15M Wedge break out. Plenty of downside.

Hello gang.

WTI/USD. D1. Sell. Evening star signal. PA below 8, 50, 200 MA's. Stochastics turning down from oversold area. Let's see.

WTI/USD D1 Cont'd. Took profit. Back in again after price broke through purple line (last months low close). Looking for more downside.

WTI/USD H4 Evening star signal at the top/resistance area. Sell.

Hello all. HNY!

Doing ok these days. A few trades on all in the green. Profit locked in where i can. Nice humble start to the year.

Hang sen index. break out. buy to supply level.

WTI/USD M15. Oil. Git on it.

XAU/USD D1. Gold.

Eur/Jpy H4 Bearish engulfing. Sell high....

XAU/USD H4. Looking for BO to upside.

why do you stopped, are you still on the quest?

I'm still here Doxy.

AUD/SGD H4