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Gejordan Weekly Journal

  • #1,041
  • May 26, 2020 6:49pm May 26, 2020 6:49pm
Quoting gejordan
Yes, your white line and yellow line don't really represent anything on the then current move down. Your blue line is absolutely correct. You could've made it more aggressive by moving it down lower on the high of the last down push that went below and stayed below. That is the type of place and thing I would do on an up bias week. The blue line was broken and stayed above a few bars before you entered.
Hi G,

Yes I see it now. Infact, the aggressive swing provided an opportunity with even lesser risk (risk in terms of #of pips). And, as you said my trade location was after the break and hold above the conservative swing. My analysis and trade was exact opposite of what I should have done.
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  • #1,042
  • May 27, 2020 5:47am May 27, 2020 5:47am
Woke up to 155 pips. This is a retrace to the pivot trade and a simple50. Idea #2 and #3. You can go back two posts to my million word essay and see why this area had nice potential. The simple50 was way down there when I went to sleep, so I split the difference when I put the order in taking a guess where it might be at some point. As you've now seen, some days it hits, some days it doesn't. This one did.

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Be bullish on you.
  • #1,043
  • May 27, 2020 8:02am May 27, 2020 8:02am
Quoting gejordan
Woke up to 155 pips. This is a retrace to the pivot trade and a simple50. Idea #2 and #3. You can go back two posts to my million word essay and see why this area had nice potential. The simple50 was way down there when I went to sleep, so I split the difference when I put the order in taking a guess where it might be at some point. As you've now seen, some days it hits, some days it doesn't. This one did. {image}
Hi G,

I took the same trade. My first order hit TP. The Second PO (idea#3 was missed by half a pip. But its ok. Identifying potential location and direction by reading the charts right is the first step.
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  • #1,044
  • May 27, 2020 9:27am May 27, 2020 9:27am
Quoting Rearden
{quote} Hi G, I took the same trade. My first order hit TP. The Second PO (idea#3 was missed by half a pip. But its ok. Identifying potential location and direction by reading the charts right is the first step. {image}
Good Job. That's more like it.
Be bullish on you.
  • #1,045
  • May 27, 2020 10:19am May 27, 2020 10:19am
Quoting gejordan
Ok, so we have another situation. We are in a No Bias week, so we want to follow the move. So, where do we say the swing is that will serve as our guide that the up move is over? 1.0889 is the easy answer (white line at bottom of picture). Price broke above the last swing down and stayed above where my pink arrow points. The low of the valley between the "break above and stay above" and the last high is the obvious spot. But what about the move up. We had a number of one bar pullbacks on that move. So should we count the bottom of each of those...
Hello Ge,
I've been following. I've gone through posts 945 till date and the moment I thought I got it something else gets missing. My main problem now is with the definition of a swing high and low. From the analysis of this post 1 or 2 bar retrace could form a new swing. I want to know what I'm doing first before I jump in.
Perfection...a process,not a stage!
  • #1,046
  • May 27, 2020 11:56am May 27, 2020 11:56am
[quote=fxonuoha;12966697]{quote} Hello Ge, I've been following. I've gone through posts 945 till date and the moment I thought I got it something else gets missing. My main problem now is with the definition of a swing high and low. From the analysis of this post 1 or 2 bar retrace could form a new swing. I want to know what I'm doing first before I jump in.[/quote

if price is moving up, you have a high... price pulls back (I prefer a big valley, but sometimes 2 candles does it, yesterday was about finding a reasonable place to try when price gets far away from your swing... and the mentality of trading).

High, pullback, goes and breaks high and closes above and stays above. we then take the low between those two events. Reverse for other direction.

Many of the previous posts feature times when things aren't perfect and how to handle it. How you handle it and when you deviate depends on the bias for the week.

Do the exercises and this will become second nature. Do the ones on 945. then I put some in later. Start at 945 and review each day and mark where you'd trade from and compare to where I traded from. Then see if I traded and figure out why or why not.
Be bullish on you.
  • #1,047
  • May 28, 2020 8:15am May 28, 2020 8:15am
I put in my pending orders last night and woke up to see them no longer active for some reason. Annoying. Well, price hit the pivot, so a nice retrace area entry and now price is back to the top of the range pushing 50 pips. Nice one to close the week if you caught it. Still a good week and month, I'll make sure to remember that the good month is more important than this event. Keep ETB at bay.
Be bullish on you.
  • #1,048
  • May 28, 2020 6:11pm May 28, 2020 6:11pm
I'll sit out tomorrow, last trading day of month and week. Back at it next week.
900+ pip april
700+ pip may

One pair. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. No need to trade on Friday, no need to chase anything, no need to do anything hard. Post 945 tells you how I do it. See it in action and maybe learn something about yourself from there to here.
Be bullish on you.
  • #1,049
  • May 29, 2020 6:09pm May 29, 2020 6:09pm
Quoting gejordan
I'll sit out tomorrow, last trading day of month and week. Back at it next week. 900+ pip april 700+ pip may One pair. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. No need to trade on Friday, no need to chase anything, no need to do anything hard. Post 945 tells you how I do it. See it in action and maybe learn something about yourself from there to here.
thank you.
  • #1,050
  • May 31, 2020 7:11am May 31, 2020 7:11am
Quoting gejordan
Quoting fxonuoha
{quote} Hello Ge, I've been following. I've gone through posts 945 till date and the moment I thought I got it something else gets missing. My main problem now is with the definition of a swing high and low. From the analysis of this post 1 or 2 bar retrace could form a new swing. I want to know what I'm doing first before I jump in.[/quote if price is moving up, you have a high... price pulls back (I prefer a big valley, but sometimes 2 candles does it, yesterday was about finding a reasonable place to try when price gets
...
Hello everyone,
I marked areas of possible trades based on bias for the respective weeks. ( 3a= pb to 50sma : 3b= pb to edge of range)
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Perfection...a process,not a stage!
  • #1,051
  • May 31, 2020 1:56pm May 31, 2020 1:56pm
Quoting fxonuoha
{quote}{quote} Hello everyone, I marked areas of possible trades based on bias for the respective weeks. ( 3a= pb to 50sma : 3b= pb to edge of range) {image} {image} {image} {image}
Looks pretty good. Some notes... on Mar 6 you have two entries, I like to hit the early entry and I wouldn't want to pull the trigger at the end of the week. You might have just been marking it, but make sure you don't think "trade it" in real time.

On week of Mar 9, you still have some long trades marked... I wanted to be short that week, so I will pass on the longs and just wait on a short.

Which brings you to the 10th... looks fine. Take note here, depending on your aggressiveness in marking the swings and determining the start of the down move, you could've entered on the 10th or it could have been all the way until the 12th. This is a case where we wanted to be short this week, so I will be aggressive. I mentioned it a few posts ago... be aggressive when opportunity matches bias on a week where bias shifts. They generally provide low risk and better than average return.

Notice the end of the 10th and in to the 11th. Look familiar? You have some 1 bar pullbacks on the down move at the end of the 10th. See if you can find why 1.1330 would have been a good spot for retrace short. Hint: look at my long post a few back and apply to this in the opposite.
Be bullish on you.
  • #1,052
  • May 31, 2020 1:58pm May 31, 2020 1:58pm
Quoting Rearden
{quote} thank you.
No problem... set a goal this week of trading it perfectly. That may not mean profitably, but I want you to strive for perfectly.
Be bullish on you.
  • #1,053
  • May 31, 2020 5:20pm May 31, 2020 5:20pm
Bias: Down... want to be short.
Be bullish on you.
  • #1,054
  • Jun 1, 2020 1:00am Jun 1, 2020 1:00am
Quoting gejordan
{quote} Looks pretty good. Some notes... on Mar 6 you have two entries, I like to hit the early entry and I wouldn't want to pull the trigger at the end of the week. You might have just been marking it, but make sure you don't think "trade it" in real time. On week of Mar 9, you still have some long trades marked... I wanted to be short that week, so I will pass on the longs and just wait on a short. Which brings you to the 10th... looks fine. Take note here, depending on your aggressiveness in marking the swings and determining the start of the...
Hello Ge,
apart from being close to the pivot for that day, 1.330 is the last swing of the 6th and forms the bottom of the range from which price broke out from.
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Perfection...a process,not a stage!
  • #1,055
  • Jun 1, 2020 3:59pm Jun 1, 2020 3:59pm
Quoting gejordan
Bias: Down... want to be short.
Easy start to the week. Nothing to do. Price still in an up move, I want to be short. Hurry up and wait.
Be bullish on you.
  • #1,056
  • Jun 4, 2020 6:28pm Jun 4, 2020 6:28pm
Nothing happening this week with this type of trading. Price moved up and I wanted to go short if price gave me a chance. Rearden asked about bias a few posts back and I gave him ideas of how to derive bias. The point to learn is that regardless of how you come up with bias, there will be times a trade won't happen. And that's ok. Just make sure you are actually ok and not coming into next week pretending to see things that aren't there so you can hop into a trade.

You have to master the last paragraph before you can do anything else. Or you will be doomed to fail and the market will take a bite out of you. I can say this, but only those that have experienced it will likely understand how true it is or heed the warning.
Be bullish on you.
  • #1,057
  • Jun 5, 2020 9:57pm Jun 5, 2020 9:57pm
Price finally ended its up move today. So we will be starting next week in a down move. Be back at the end of the weekend with a bias. No trades this week.
Be bullish on you.
  • #1,058
  • Edited 5:12pm Jun 7, 2020 4:57pm | Edited 5:12pm
Bias: Looking to go short.

Price broke the upswing pattern on Friday. I am going to use some common sense and lower position size in case we get a run at the highs and continue up. I can also mitigate by seeing if it heads back up to the highs and getting short with lower risk. I can also see if price will get below the 50simple and come back to it before entering.

As I mentioned in an earlier post, the 50simple isn't magic, I use it as a good place for pullback entries. BUT, it's a good place for pullback entries because it often is an area that supports price, as I've shown for the last two months. This week is a situation where I want to be short, price is moving down, but price is above the 50. So I always keep common sense at hand.

The point I am trying to drive home is I notice the difference between the basic pullback trade where everything sets up easy and some of these special situations I can encounter. Adjust accordingly.

Hopefully that makes sense.
Be bullish on you.
  • #1,059
  • Jun 8, 2020 6:36pm Jun 8, 2020 6:36pm
Woke up to a 40 pip move off the pivot this morning. Let me know if you grabbed it. Been waiting to post to see if anyone would show it. If you didn't get the message from my post, we want to be cautious, big move up to the left and we are definitely spitting into the wind.

Still in a down move, check where your swing is. Show me that as well so I can see you are getting it.

Go back and check the weekly chart and look back in Feb/Mar. Similar move ongoing here. BUT, will we turn again? Price not acting the same down on the hourly, there we had a bunch of attempts to go higher and then a nice retreat. Here, we are consolidating... that can mean bad things for us wanting to go short, so don't be greedy with profits.
Be bullish on you.
  • #1,060
  • Jun 8, 2020 9:04pm Jun 8, 2020 9:04pm
Quoting gejordan
Woke up to a 40 pip move off the pivot this morning. Let me know if you grabbed it. Been waiting to post to see if anyone would show it. If you didn't get the message from my post, we want to be cautious, big move up to the left and we are definitely spitting into the wind. Still in a down move, check where your swing is. Show me that as well so I can see you are getting it. Go back and check the weekly chart and look back in Feb/Mar. Similar move ongoing here. BUT, will we turn again? Price not acting the same down on the hourly, there we had a...
Hi G ,
I had attempted a short trade but closed it immediately( for -2 pips) thinking the short should be further up at 1.1315 area to reduce the risk and closer to my white line. Since the price is ranging, around the BRN, i am still waiting. Could you please post a chart of your trade? Thank you for the pointer to Feb/March. Will check it out.
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