fex journal

Hello everyone, welcome to my journal.

First of all, I would like to thank many friends and Great Masters of this forum who have shared the concepts that has helped me to establish my own technical analysis of the market and my own management of money (or, specifically, risk) for this business.

My reading of the market or technical analysis (my own fallacy) is based 100% on the Price Action (0% indicators): DYNAMIC OF THE PRICE. Yes, the market follows a dynamic. I have not seen it anywhere, it is the result of my own observation of the market (I guess other people will also see the same), and it is very objective, not discretionary. In summary, it could be said that: The Market Always repeats the Same Structure (or Pattern): Unique, Simple, Easy, Obvious, Necessary and NOT Predictable, through different scales. That's it. Ah, some help, Time Frames (and trendlines) are the best and most powerful tool in our trading platforms. The trades I make are based on this DYNAMIC OF THE PRICE, and a money management or planned risk.

At least, at the moment, this is all like that, because I have a lot to learn yet, and many more hours to work ...

I do not know where this journal will go, nor how it will end, (you see: as the markets), the future and time will tell. I hope this can help me improve myself, and others of "inspiration".

Regards,

fex

PS1: I am not a pro, only newbie.
PS2: For me the market is like life, and since I started to "eliminate" the ego of my life, my trading (and my life) has only improved.
PS3: I am not able to give advice, but I can (with permission) refer you to the TAF thread of the Grand Master fti where I could find the best of all: be flexible and be prepared for everything (this involves a lot of work with our ego).

This is the gift that the market has given me today, and I have taken it. Thank you.

At the moment it seems that the EURUSD is bullish, for tomorrow we will see what happens, and what new areas of longs (or shorts) may arise. 1.1272, 1.1286 and 1.1300 are areas where I will be interested in sales, I insist: at the moment.

Be flexible, be nimble.

regards

fex

Even a thousand-mile journey starts with the first step.
GOOD JOB.

I am proud of your kind words here. Thank you very much friend.

Today also the gods are on my side, thank you. 1 operation with 2 entries. Some to improve: usually attacks are in 3 sequences (112 or 113) but I need more practice and courage (both come together). However, today I preferred to be cautious about the recent ups. Attack 2 has been impatient, should have waited for the best place for me (marked). There is no hurry, step by step.

Be flexible, be nimble.

regards

fex

PS: There are some levels under price to consider in H4 / D1, may be for tomorrow. Now, exercise, meditation and rest.

https://charts.mql5.com/21/397/eurus...arkets-pty.png

Already? You rock pa1!

Today I have sold because the price has touched and reacted to the level, but mainly because it is within the bearish daily zone (I dont mark them in these graphs), and may now continue with the bearish (long term) trend.

For tomorrow I expected some play around 1278, without reaching 1287, but if today closes below 1262 or 1257, I do not know if I will have best opportunities tomorrow. Anyway I also "must" expect some reaction (or new zone) in H4 (H1) to enter shorts with more confidence.

I hope some day to reach your level of success. In any case tomorrow we will see it.

Thanks again and regards

fex

PS: I have the intuition / perception, that I do long-term analysis and short-term operations. But for now I will continue like this. Thank you very much for sharing.

PS2: Now that I see it better: It seems to me that you have sold at best price! This is crazy...

Ugh, today I had many opportunities to learn, a lot. Today's operations, I have not done them, it has been my ego, and that could have brought disastrous consequences.
One thing after the other...

Atack 1 (1): This first entry of the day is out of my rules, but I had the "hunch" that the price would go down. And who am I to know what is going to happen? No one. Without rules and without plan MY EGO operated for me.

Atack 2 (1): Same as Atack1.

A little later I had the opportunity to close them with profit, but my ego was still taking control of my will, because he still thought that the price would go down.

Atack3 (1): At this point is where I already had a new area for buys, pretty good. But I add another sell attack, without rules and without a signal. But of course, with 2 open attacks, at this point my ego had already blinded me completely. It was time to buy, buy with little travel, but good and clear.

Rescue1 (1): In good place and planned for potential rescues. This is my mistake (not my ego): If it's a rescue, I should have done (2-3) and not (1).

Well, I hope this can help someone. The ego is my scorpion as a trader (and in my life), every day offers new opportunities to get rid of him. Let's take advantage of them!

Be flexible, be nimble.

regards

fex

PS1: Yes, my book has grown green today (quite a lot), but that does not imply that it has been a good day, it has been bad. Tomorrow I will struggle to make it better.

PS2: Now new opportunities and new levels for sell are opened, but tomorrow will be another day ...

I feel proud of the aim I have had with this operation (although obviously the gods have been on my side), perfectly planned. There has not been an Atack3 (x2) because the news has precipitated everything and there has not been time for more. Today there is no ego (only in these letters, with your permission).

Let's see what happens at the close of H4 after the "storm" ... but I feel satisfied for today, so I doubt I'll do another operation.

What if I had not touched the TP? What would have happened as planned? That will be my job for the rest of the day, imagine that my TP has not been touched and the operation is turned.

Be flexible, be nimble.

regards

fex

This is what would have happened if I had not touched or had not located the TP of the previous operation ... (as I introduce operations the average AVG change ...)

I would have tried a second Attack (x1) ... I'm still inside the attack area ...
Failed, underwater ...
Candle close H4 ... I do not see things very clear, much less sells ... I have to think about closing and take the loss ... Im at AVG2...
Last chance to the operation, until now the losses could be equivalent to something less than half of the accumulated profit during the week (very typical of me on the other hand ...) ...
I'm already inside the rescue zone ...
I define my limits in the very short term and prepare myself to close everything and assume the loss ...
Last opportunity... I start the rescue (x3) ...
I start to sweat blood at this point ...
A small contribution before the second rescue (x1) ... good place...
The price touches the TP and I assume a small loss ...

Well, there are many lessons (at least for me) in all this ... I have to reflect ... Perhaps the best thing would have been to stay aside all day because of today's news and volatility ... I do not know ... I know that as I gain confidence in my analysis and MM (and I'm trying to get rid of my ego) is improving my trading ... I think this week I was lucky because I usually do not do so well ... This takes a lot of effort so I can not publish as much, or not so developed ... that my "mental" commitment to the journal has led me to be more prudent and have benefited me ... I do not know ...

The moment of rest has arrived ... no more for today ... go for a walk in the mountains and listen to the answers in the wind (it seems crazy but it is not)...

Any advice will be well received ... thank you very much.

Be flexible, be nimble.

regards

fex

On Friday without operations, I had some family commitments and I did not dare, nor did I want to leave operations on the weekend.

Same concepts as the previous post ... Entries in the Attack Zones H4/D1 ... (Tickets doubled because I have doubled the risk) With more courage I would have deployed the Atack3 ... I expected more development but ... Well there is that ends well, right?

Five days in a row winning ... I can not believe it ... seriously ... I know, after the fact no one is wrong. But I do not think I'm prepared for that, I do not know how it will affect my psychology ... Maybe later ... Patience, step by step ...

Be flexible, be nimble.

regards

fex

Today has been a complicated day, at least for me, but once again (I must be doing something right ...) the gods have been on my side. I have done a good ego management, today I am glad of my flexibility and my patience, but not my courage ...

I also leave an EGO-expectation-hope, in H4 (of those that today almost cost me some bad buys) ... anyway ...

Be flexible, be nimble.

regards

fex

PS: so far these have been all my operations, but I'm not going to publish all the operations, it may be causing some pressure ... I do not know, we'll see ... I'll listen to the wind ...

One more day…

After almost 2 weeks (missing tomorrow) I think I should reflect on my sequence of attack (112 or 113) because the last attack I do not usually do, I would feel more comfortable with a sequence 11 (1), with some partial closures as already I'm doing, maybe 21 (1), I do not know, I should reflect and listen ...

I have needed some re-grouping of troops (re-average), but no rescue ... good sign ... It has also been a good day for ego management ...

Be flexible, be nimble.

regards

fex

Good day, but not great, I have committed some recurring failures: lack of courage and TP before the planned. It may be a matter of trust ...

The psychological reasons to (bad?) close this last operation are: it is Friday and if I close today in green, I will close 2 weeks in green every day (never before had done it), the price is already within a "Demand Zone" in HTF, the news Retail Sales today (with an average historical movement of approximately 80 pips), within 2 hours I have to leave the computer to meet commitments with my family ...

Given that the price has still dropped more, and more (after capture) ... the question of the million is: have I done well closing this last operation? Instead of a normal day, it would have been a great day ...

In any case, all my troops have arrived safely home, I feel satisfied.

For the next week I have re-organized (slightly) the sequences of attack, re-grouping and rescue (ARR!). Remember be flexible, i'm learning... I will also increase the level of risk, within the plan, but I will not be able to increase it more until I make more deposit in my account ... patience, confidence ... I will listen before making the decision ...

Good weekend to everyone…

Be flexible, be nimble.

regards

fex

PS1: What do I expect? Well I think that until now the gods have been on my side, but I'm hoping to face the moment when my troops are underwater, that will be the moment in which I will learn more, in each operation that I win I train as if I were losing, I must be prepared to accept the losses or to rescue my troops ... will try... will see...

PS2: As for the screenshot of the results of these 2 weeks, what can I say? It will sound ridiculous, but I can not believe it, I thought that these results were much further ... this journal was for learning and to help me "finish" to win, not to "show-me" ... I have the feeling that I'm defining my style in real time ... it's crazy ... time not to think ... mamaaaaa ....

Hi Fex I love your work! Can I ask you where did you learn to read the market in this way?