Swings and scalps

Anybody know that that leaf on my avatar is? Diviner's sage. It's used to foretell the future by the natives who cultivate it. This is my forex prophecy, which from a philosophical perspective is no different than analyzing the market. You can get a gist of what the future holds from what the tension between positive and negative energy reads. Energy flows in patterns. I simply use price action to gauge these patterns. I like to meditate and introspect a lot so you may find a philosophical tangent on here occasionally, I tend to think everything is connected, including the markets. For the most part I would like to keep this thread concise and on point, so if it ever does develop attention it can be respected as such.

I am ever evolving my ideas and understanding of how price works. My objective here is to journal all the trades I take, so long as it is not overwhelming. I am easing off a day trading binge to more swing trading, so this should be easier. I still love day trading and will scalp the really good moves and document as I go, but for the most part, I like to day trade stocks and keep it to a couple of hours after the New York bell, unless a nice move develops. I just value time over money. I took a break from trading for a number of years because I already had passive income and was semi retired status and just wanted to enjoy it. Now, I realize that I need a lot more money to reach my goals in life, so that is why I am on here. I'm still young, love to travel, and adventure.

One of my weaknesses has been technical and computer smarts. I am working on this, I want to learn to program MT4, I have a lot of different strategies I have forward tested over the years I would like to automate. If anyone can assist in my learning curve here let me know.

For those interested, I will call trades as I am taking them live, so as to show transparency, and because really there is no competition in this business, why keep it a secret? I ask that any responses also have value to offer, only post trade setups you are personally risking your own money with live please. Keep chit chat and noise commentary to a minimum. I like a clear head. Less info the better. Any trade I take live, including those recommended by other traders. Hopefully I can keep all the good forex trades in one place, right here, live.

I have nothing to sell, this is simply to give back to the community, and to keep accountable and disciplined.

Here is a list of my current positions, I will get more organized with chart analysis etc as time progresses, for now:

short USD/CHF currently down 7.3 pips
short USD/JPY up 17 pips
short AUD/CHF -40
short AUD/NZD -46
short CAD/CHF -114.5
short SGD/CHF -10.5
long NZD/CAD -210

These are swings, look at the weekly, then all the time patterns all the way to the 5 second, looking at support and resistance, trendlines, fibs, etc. I keep my charts clean for the most part, but do note S&R. The plan is to watch these trades over the next few days, taking profits or adding to positions as needed, with updates.

Just putting the pips on here isn't good enough, I have to show money management somehow. Streamlining as I go. The large draw downs like the NZD/CAD is a small position compared to the USD/JPY for example, where I go stopped out a bunch finding the top of the spike. I got in 3 times with an extremely tight stop before it reversed, but now it looks good, provided it doesn't sail upward due to the break of the weekly trend line. I am thinking it is still overbought despite this but cautious and have my stop at break even.

Waiting for a retrace on the NZD/CAD then I will probably cut the loss. It has a double top and I will reverse my position when it reaches a new high and short, unless momentum picks up. Weekly. It broke support but is still over sold so it may bounce.

I use the weekly charts and load up the position with multiple entries for scaling out to take profit. S&R levels, trendlnes, fibs, price action. I narrow it down to the 5 second chart and get in at the test of strong support or resistance levels. I love market spikes too, I tighten the stop when it looks like a cup pattern is reaching it's exponential extreme, momentum does this repeatedly, then get in with only really small risk for the rubber band effect. I scalp on high volatility moves like this when it pulls back, add to the position, move the stop up, pyramiding the gains.

Notice the beauty of the fib lineup. Bouncing off the levels.

The old guy jogging:

I like to jog at a popular park near by, oak trees, flowers this April were phenomenal, I live in CA. I was jogging around a pond and got stuck behind an old guy with small weights in each hand. I speed walked behind him, I hate that, I like to keep the pace up, especially when there are small ups and downs, riding the momentum down and then Newton's law kicks in and it propels up the next incline. I couldn't do this behind him, finally I passed him at a bridge. I kept my fast pace up, going off the beaten path to run up the small hills and down, but kind of out of the way, kind of like scalping spikes. Then, as I was nearing the exit of the park, this slow old guy crept up behind me, and sure enough, he would have beat me if it had not been for a quick sprint spiking into the parking lot. The buy and hold strategy, or the scalp volatility strategy? I try to combine both. I do get stopped out more though obviously, so I wonder, that older guy has much less attention to the ups and downs but is sure consistent, and who in the end has the best ROI? My goal is to spend less time trading as I improve. However, I love volatility, especially when I can keep the stop really tight.

Took profit 45 pips USD/JPY

Nice move. Watching at this level, may get in again.

This still looks like a good entry. As you can see, I have multiple entries with tight stops.

Multiple entries as shown as well as how tight the stops are. Consolidating at a support level but there is a lower high. Hoping for a bearish break and increased momentum.

Waiting for more of a pullback on USD/JPY to enter a small position then go to sleep and wake up for the New York session to see what it does. Large stop in this case. Short.

Don't you love fibs? It's all illusion anyway right? This is a textbook example.

4 hr

Adding to the position with a decent stop on bearish break. Set entry below current support. May cancel it if it goes up and get in with a tighter stop.

Short a small position with lot's of breathing room, stop above current high in case overnight launch from bullish break of the 4 hr trend line, for an overnight position unless it continues I may add more.

Perspective. I adjust the stop an target as I watch momentum. They are just safeties if something goes to the extreme.

With a sub account trading the other direction, both directions simultaneously just in case it spikes while I sleep. Tight stop, just a small fun trade to see what happens, won't make much unless there is a huge upspike.

Hoping as I watch the USD/JPY long scalp that the exit will be where I add to the short on the other account. More bearish than bullish, but the rubber band effect is bouncing it around the fib levels. Or it could sail to the moon in which case I would add to the bullish position as it goes and perhaps get stopped out of my short. It has a lot of upside potential on longer time frames if this breakout builds steam.

Set another entry above price with tight stop. Adding more risk at levels where the stop is small. The long term looks good but these may all get stopped out as it goes higher, at which point I enter at another reversal. I'm going to watch, I may cancel these orders depending on price action.

Watching this one develop, tight range hoping for more bear, hitting a fib level on from recent spike. Added a small position, other positions are up I may take profit on those to reduce risk overnight depending.