(binned per thread starter’s request) GEfx Trading Journal

PA has hit first target area

PA just hit target 2 area

Another entry, and more possible targets. Important note: PA bounced pretty hard off the pink PSR zone, so an entry here carries more risk than you might want to carry now, especially if you missed the first few trade entries below. Caution, but still a set up.

GA this morning, with both initial and follow on TA. There are several entries here, but I did not trade this, as I was helping M3d and others with some pre charts and subsequent trades. But these were the 2 pairs I was focused on this morning

GBP PA is testing the last attempt to break the PSR zone, after a third entry. The idea here, is to start your day with one set of TA and targets, and add to them as the PA unfolds. Keep trading as long as this process unfolds in PA, and exit as soon as it stops.

valuable posts as always . That TL you draw. classic london buyers on mini pullback.. dare not fight or go against.

Initial thoughts on more entries start with a break of the pink zone, a retest of the zone, and the go move away from that zone. Stops will be likely at or below the zone, but actual stops will be viewed as PA unfolds.

Hit the third target area from the first post this morning. I know that M3d needed targets and I hope this has been helpful. I'd ask for a little more participation from him on thinking ahead on entries. Now let's see if it can hit the next targets in the 1.4155 area

Gefx

very interest your thread can you share fibonacci level?

Regard scalper16

This is a current, real time chart of what I am trading right now, with three open trades on the G$. All three trades are targeting the -.27 fib extension from the 4H chart, at about 1.2045. The pink band is a previous area of support/resistance, that had been tested yesterday and is now under assault due to the FA this morning. Trade #1 entry was 1.2112, with a 20 pp stop and a 75 pip target; trade #2 entry is at 1.2101, with a 20 pp stop and a 60 pip target; and trade #3 entry is 1.2088, with a 20 pip stop and a 45 pip target. All three trades are running and all now have a stop at 1.2110.

Edit 1: Trade #1 is closed with +44 pips. I'll use this margin for trade #4. I think the 1.2045 target is still viable for trades #2 and #3.
Edit 2: Moved stop on trades 2 and 3 to 1.2098. Will considering trade 4 only after a test of 1.2088.
Edit 3: I have entered each trade into a separate trading account. Account 1 is open and available, with accounts 2 and 3 in use for these trades. I have 5 additional accounts that are being used for other trades. There is a trade set up on a lower time frame right now, with an entry at 1.2067 stop at 1.2082, but that is very aggressive and not part of my plan for the day. Can't take it, but it's there.
Edit 4: Moved my stops on 2 and 3 to 1.2078. It's 5:22 PCT zone. The target is still viable, and nothing has developed within PA to change that, but there may be an opportunity to reenter these for a deeper run down. 1.2060 is holding this up a little.
Edit 5: Trade #2 was just closed at 1.2066. Moving stop on trade #3 to 1.2088 and leaving it in to see if the target can be hit. Still looking for a retrace to 1.2088 or the trade 3 stop for a reconsideration of new trades.
Edit 6: 45 pips on trade #1 and 35 on trade #2, trade #3 is still running for now. Target at 1.2045 is still viable but clear signals of a turn in PA for a retracement. Waiting for an opportunity to re-enter trades 1 and 2. I have not thought about spreads during this entire session.
Edit 7: Change of plans. It's 6:30 AM here in the Valley of the Sun, Time to take my wife out for breakfast. I am going to leave trade 3 open with a stop at the entry (I like to let my stop take me out in most trades) and set a limit of 1.2047 (I hate setting limits but it a Friday morning, in August, and I have that even more). I'll check back later to see what happens.
Edit 8: Not sure why, but the PA did not take out my stop, which was actually set at 1.20887. But, I am still in trade #3. Still looking for 1.2045.
Edit 9: I have closed trade 3 at 1.2066, and am done for the day/week. I will evaluate 1.2045 as a viable target for next week, meaning it is still a target.
Edit 10: Actually, the 1.2045 target did get hit, just too late on a Friday for me to be in the market. See the final chart posted below.

Chart after Edit 2 above

updated chart, cleaned up a bit

Target hit but too late for me to be in the market.

I'll be posting in my journal again for a while. Instead of arguing with people who can't or won't trade, I thought it a better idea to just show how I do it. Questions are welcome from everyone.

Among the pairs I've been trading this week is the EA. I'm posting the 60M and 10M charts to show my analysis (60M) and trades (10M). Over 400 pips this week on this pair alone (average trade is 3 standard lots). I am currently flat in this pair and waiting.

Continuation of the EA trades. More comments tomorrow about this. Perhaps I'll explain entries, or targets, or set up, or strategy and plan.

Anyone paying attention to the EA at around 11:30 PM (MT) and 1:00 AM (MT) saw trade opportunities. I was asleep and missed them. Back at it. Point of interest: the GA has been contending with a tough price zone at 1.9750 (+/- 20 pips) for a few days now. Might see a breakout here or a failure. Something to look at...