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Gejordan Weekly Journal

  • #1,061
  • Jun 8, 2020 7:23pm Jun 8, 2020 7:23pm
With regards to my current swing, this is my chart.
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  • #1,062
  • Jun 8, 2020 8:19pm Jun 8, 2020 8:19pm
Quoting Rearden
With regards to my current swing, this is my chart. {image}
lower
Be bullish on you.
  • #1,063
  • Jun 8, 2020 9:07pm Jun 8, 2020 9:07pm
yes. I missed that swing. here is the updated chart.
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  • #1,064
  • Jun 8, 2020 9:27pm Jun 8, 2020 9:27pm
Quoting Rearden
{quote} 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. {image}
Missed your request... It's just from the pivot. Don't worry about seeing my chart, see it on yours. I have posted charts for almost 10 years on FF, and I'm really not sure it has ever helped. Maybe to explain a concept, but I've already done that for two months since coming back on. Beyond that, seeing it on your chart is more important.

You know what I am going to do, I am going to have a bias on Sunday, I am going to see which direction price is going, if direction matches bias I am going to trade in that direction. I am going to get in on a pullback (been using the pivot) and where I think the simple50 might be when I sleep. You don't have to enter from both, but at least choose one and learn about it. I'm trading both to show that both will work if you have a bias and matching direction. The other things I have posted are just fine tuning and chart awareness / self awareness.

Pep talk complete....
I wasn't up to do a return to the simple50 like you did, but I like that trade. Why were you scared to keep it open? Position size too big? Too worried about a loss? Trying to be perfect? Still can't bring yourself to trust yourself? Read too much into post 1058? Something else? You had about 20 pips of risk and it went 30. You are fully capable and allowed to make 30 pips. I know deep down your ETB wants it to be harder... but it isn't.
Be bullish on you.
  • #1,065
  • Jun 8, 2020 9:53pm Jun 8, 2020 9:53pm
All the ideas. You don't need to see my chart to see it on yours. You are allowed to see it on yours and you are good enough to see it. What you see is what I see. It doesn't magically work when I do it and not work when you do it.

About 90 pips here... You are allowed. Tell your brain that. You are allowed to enter and close it in profit without freaking out or having cold sweats or having adrenaline bursts. You are allowed to make money.

I didn't want to shut these down... but I can. I'm allowed. I can choose to make money right now. I don't have to sweat how far they go or could go. I don't have to sweat if my entry was perfect. Hell, they look perfect and I gave them no thought at all. I just entered where I told you I'd enter over 2 months ago. Big stop, smaller position size. That's the only thought I have to have in the moment. I already planned the rest on Sunday and the Sunday before. That idea #1 was born 10 days ago. I knew I might take it 5 days before I did. I knew I'd take those other two when I posted 1058.

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Be bullish on you.
  • #1,066
  • Jun 8, 2020 10:03pm Jun 8, 2020 10:03pm
Quoting gejordan
{quote} Missed your request... It's just from the pivot. Don't worry about seeing my chart, see it on yours. I have posted charts for almost 10 years on FF, and I'm really not sure it has ever helped. Maybe to explain a concept, but I've already done that for two months since coming back on. Beyond that, seeing it on your chart is more important. You know what I am going to do, I am going to have a bias on Sunday, I am going to see which direction price is going, if direction matches bias I am going to trade in that direction. I am going to get...
Hi G,
I think its the combination of things you mentioned(trying to be perfect and NOT keeping it simple) and also trying to take only huge trades.

My Analysis yesterday was to go short around 1.1315 area and when it reached there,I didn't do that thinking it may go up because its above BRN.

After I entered that trade, I thought.... am I chasing the price since I didn't get entry at 1.1315? I shouldnt be chasing price.Also, its at the middle of this small channel it created. Entry here has higher risk. Let me follow the rules and exit when its only at -2 pips. I exited thinking I was chasing price and I will wait for price to come higher again before I go short.

Also, thanks for highlighting the 20:30 pips R:R. I think i am always looking to find huge swings when trading like this. Even if I had held on to that trade my target will be much lower and the price came up.

Bias was short, it closed below the white line and then closed below 50 SMA, came back to it.... Short. it was simple but i made it harder than it has to be coming with BRN and channel etc.
  • #1,067
  • Jun 8, 2020 10:21pm Jun 8, 2020 10:21pm
Quoting Rearden
{quote} Hi G, I think its the combination of things you mentioned(trying to be perfect and NOT keeping it simple) and also trying to take only huge trades. My Analysis yesterday was to go short around 1.1315 area and when it reached there,I didn't do that thinking it may go up because its above BRN. After I entered that trade, I thought.... am I chasing the price since I didn't get entry at 1.1315? I shouldnt be chasing price.Also, its at the middle of this small channel it created. Entry here has higher risk. Let me follow the rules and exit when...
Look... don't get spoiled with all of this volatility and movement. Real EU will return when it wants to. I keep repeating this. And at its worst, that might mean 20 pip city.

Thank you for verbalizing your desire to make a bunch in one trade. That is real! I think it's why me showing trades is often counter-productive. You Be Profitable. Forget about my results pictures. You and I aren't competing. I show pictures to show process. Yes, I say and show what process results in, but that's not the important part of the post. Burn into your brain the process in those pictures.

Your turn... you have the bias and the chart and the stop area. Show me pictures of you taking these and moving that swing line correctly and taking profit and small losses. Show me the process. I'll drop in the bias for the next few weeks and you take over. I'll comment if I see something funky.
Be bullish on you.
  • #1,068
  • Jun 8, 2020 10:50pm Jun 8, 2020 10:50pm
Quoting gejordan
{quote} Look... don't get spoiled with all of this volatility and movement. Real EU will return when it wants to. I keep repeating this. And at its worst, that might mean 20 pip city. Thank you for verbalizing your desire to make a bunch in one trade. That is real! I think it's why me showing trades is often counter-productive. You Be Profitable. Forget about my results pictures. You and I aren't competing. I show pictures to show process. Yes, I say and show what process results in, but that's not the important part of the post. Burn into your...
Sure. I will do that.
  • #1,069
  • Edited 5:21am Jun 9, 2020 5:04am | Edited 5:21am
Quoting Rearden
{quote} Sure. I will do that.
Awesome, now start with the 50 pip move off the pivot that happened while I slept. Did you take it? Why, why not? About 25 pips of risk, went about 52 at its peak. Show me a 20-50 pip result. The good thing about that one is, if you took it, now you can sit back and see if EU is going to resume an up move with no pressure of trying to force trades. Money has been made.

Also, I didn't see an entry from the Simple50 I showed in post 1065. What kept you from that one?

You are running the show now. Those are basic idea trades. You are allowed to take them and be profitable.

I've been pumping up Rearden, but, Fxonuhoa, you can show me those trades as well. You did all that work in 1050, did you put it in action today? Yesterday?
Be bullish on you.
  • #1,070
  • Jun 9, 2020 7:24am Jun 9, 2020 7:24am
Hi G,

I really didnt see a 50 pips trade. I have been looking at the chart for past 30 mins to see where am I missing out on what you are seeing. I took a loss now and when you said "see if EU is going to resume an up move" I am scratching my head really hard trying to connect the dots because EU is going up now.

1. Swing labelled "1" went up and held above the previous up swing. My white line goes up to where the red line is now. EU broke my red line to the downside but didnt hold below . The swing which started at blue arrow broke the red line and held below. so my White line goes to where the blue arrow is. I am waiting for price to reach anywhere near that blue arrow (my white line at that time) to take short trades. I saw price respecting 1277 and went up to 1.1319. I thought next time when price comes to 1.1315 area i will short. I missed that a second time but then i enter a trade and thinks the risk is too much and exit for -2 pips. That swing made a new low and held (labelled 3 in yellow).

2. The price closed below the blue line which was the lowest point until then(before the break and hold at 3) . So now my white line is at where yellow arrow is.

3. The price made a new low after the yellow line is broken and held below. My white line moves to where it is now because that is the swing high which broke the previous low and held.... I placed an Idea #2 and Idea #3 once price broke and held below the yellow line.

Now since the price has closed above my white line, I am planning to look for long trades once it retrace to 50 SMA+ BRN

Obviously i have misread the chart even after you showed the trades (idea #1,2,3). I am still trying to find the 50 pip move that I cant see. I see a 50 pips move from my current white line to the daily low today. but i cant see any reason for entering there as per #2 or #3 rules.
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  • #1,071
  • Jun 9, 2020 8:19am Jun 9, 2020 8:19am
Quoting Rearden
Hi G, I really didnt see a 50 pips trade. I have been looking at the chart for past 30 mins to see where am I missing out on what you are seeing. I took a loss now and when you said "see if EU is going to resume an up move" I am scratching my head really hard trying to connect the dots because EU is going up now. 1. Swing labelled "1" went up and held above the previous up swing. My white line goes up to where the red line is now. EU broke my red line to the downside but didnt hold below . The swing which started at blue arrow broke the red line...
You are making the simple... complex. And why are you looking to get long? What is our bias? And why go short when you did, the trade already happened. We covered this the other week.
Be bullish on you.
  • #1,072
  • Jun 9, 2020 8:42am Jun 9, 2020 8:42am
Quoting Rearden
Hi G, I really didnt see a 50 pips trade. I have been looking at the chart for past 30 mins to see where am I missing out on what you are seeing. I took a loss now and when you said "see if EU is going to resume an up move" I am scratching my head really hard trying to connect the dots because EU is going up now. 1. Swing labelled "1" went up and held above the previous up swing. My white line goes up to where the red line is now. EU broke my red line to the downside but didnt hold below . The swing which started at blue arrow broke the red line...
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A hit of the simple50, is the simple50 trade.
Anywhere price touches the pivot in the white box is a touch of the pivot.
The pivot to the low of that candle is 53 pips.

We want to be short this week (post 1058)

When you enter, the trade has already happened. Your trade is extra dangerous for the reasons I have been mentioning this week.

You are still not doing what I am showing. You are being your own worst enemy.
Be bullish on you.
  • #1,073
  • Jun 9, 2020 9:10am Jun 9, 2020 9:10am
Quoting gejordan
{quote} {image} A hit of the simple50, is the simple50 trade. Anywhere price touches the pivot in the white box is a touch of the pivot. The pivot to the low of that candle is 53 pips. We want to be short this week (post 1058) When you enter, the trade has already happened. Your trade is extra dangerous for the reasons I have been mentioning this week. You are still not doing what I am showing. You are being your own worst enemy.
Hi G
Thank you for the chart. Let me reread the past posts a few more times.
  • #1,074
  • Jun 9, 2020 9:11am Jun 9, 2020 9:11am
Quoting Rearden
{quote} Hi G Thank you for the chart. Let me reread the past posts a few more times.
Actually, first, without going back and looking at anything, tell me how we are trading. The "Rules". Don't cheat, do it right as you read this without looking at any notes.
Be bullish on you.
  • #1,075
  • Edited 4:17pm Jun 9, 2020 4:04pm | Edited 4:17pm
Quoting gejordan
{quote} Actually, first, without going back and looking at anything, tell me how we are trading. The "Rules". Don't cheat, do it right as you read this without looking at any notes.
Hi G,

Sorry for the late reply. I went to bed after the last post and woke up sometime back.

Rules of Idea #2

1. Know what is the weekly bias and trade only in that direction.
2. Wait for the break and hold above the high of last swing (when prices are moving higher) or break and hold below the last swing low (when prices are moving lower). Then wait for the price to retrace to a location (RN,BRN,fib level) with least risk to enter a trade.
3. When there are NO Bias weeks, A) look at the last swing. If the price has broken and held below the last swing low ...Mark the high of that recent swing (White line). Look for short trades from location (RN,BRN, Fib level etc.) of least risk as close to the white line to reduce risk. If that level (White line)gets broken to the upside and hold above, look for a location (RN,BRN, Fib level etc.) with respect to the last upswing to enter Long with least risk.

B) Look at the last swing.If the price has broken and held above the last swing high, Mark the low of that recent swing (White line). Look for long trades from location (RN,BRN, Fib level etc.) of least risk as close to the white line to reduce risk. If that level (White line)gets broken to the downside and hold below, look for a location with respect to the last downswing to enter short with least risk.

Rules of Idea #3

1. If price has broken the last swing high and held above, look for a retrace to the 50 SMA and long. If price has broken the last swing low and held below, look for a retrace to the 50 SMA for a short trade.

Yes. These are the rules in my head without referring to any notes.

Thank you.
  • #1,076
  • Jun 9, 2020 5:57pm Jun 9, 2020 5:57pm
Quoting Rearden
{quote} Hi G, Sorry for the late reply. I went to bed after the last post and woke up sometime back. Rules of Idea #2 1. Know what is the weekly bias and trade only in that direction. 2. Wait for the break and hold above the high of last swing (when prices are moving higher) or break and hold below the last swing low (when prices are moving lower). Then wait for the price to retrace to a location (RN,BRN,fib level) with least risk to enter a trade. 3. When there are NO Bias weeks, A) look at the last swing. If the price has broken and held below...
ok, so let's make it easier.

I,
1. Get a bias on Sunday
2. At end of each day (between US/Asia) see if price is moving in the direction of the bias. If so, I can trade, if not, no trade.

At its simplest, those are my rules for trading like this.

So today, when you said you would trade up, if using my bias, that breaks a rule.
Be bullish on you.
  • #1,077
  • Jun 9, 2020 6:11pm Jun 9, 2020 6:11pm
Give attention to each of those two statements and make sure what you are doing is not in contrast. WRITE THEM DOWN AND RESPECT THEM. If you aren't following them stop wasting your time trading. You will only lose money regardless your system if you don't follow your own rules.

Everything else is built from those two statements. I can't go any further unless those are true.

so, then I can decide how I want to define each of those two rules.

1. Get a bias on Sunday.
We have discussed this earlier. Many ways to derive bias. While I am on here I will even provide a bias if you don't want to use your own. I would encourage finding a source for weekly bias and practicing that as well. But NO MATTER where the bias comes from, it is only as good as your ability to stick to it.

2. At end of day, see if price is moving in the direction of the bias. If so, I can trade, if not, no trade.
Is price moving in the direction of the bias. For this method I use the 1 hour chart. We are simply watching swings. I have shown how to do this in pictures. I feel it is a basic skill. I added the caveat that a new high is not enough. It needs to get higher and stay higher for up moves, opposite for down. I'll do one more set of pictures and then that's it for swings.

If direction matches bias, I can trade. I have given three ideas for how to actually enter a trade. I have been showing Idea #2 and Idea #3. Idea #1 will lead this thread off the path of the basics. I enter those trades at the end of day when looking at the chart. I have been exiting when I wake up. I position size based on risk. That's it. If I miss the move I wait until the next day. Yes, I could show the holding of the trades, but I am showing the closing each morning when I wake up just to prove what can be made in a month closing them down in the morning.

If bias doesn't match direction, nothing to do.
Be bullish on you.
  • #1,078
  • Jun 9, 2020 6:19pm Jun 9, 2020 6:19pm
Finally, I make notes of special or tricky situations. I have been through them so I point them out in this thread when they happen. If you find yourself trying to figure out what to do, you have just located a possible tricky situation. Write it down and figure out how to handle them. See how often they present. If you are serious about trading you'll do this. If you are clowning around, gambling, panicking about how much you need to make and being out of control, you won't. This is an entire site of 95% of people that will never do this.

That's it.

Bias?
Direction match bias?
If so, can enter trade.
Use common sense and acquired experience.

OR as I put it...
I tell you on Sunday what I will do and then do it during the week. Anyone could do the same if they wanted.

If you are trying to do the same and failing to... that's on you. AND, I've covered that as well and things you can do about it between here and post 945.
Be bullish on you.
  • #1,079
  • Jun 9, 2020 6:50pm Jun 9, 2020 6:50pm
Swings
( I honestly don't believe there is anyone that has traded a while that doesn't understand this, I think it's the evil trading brain using it as an excuse, but for anyone new and as a refresher for everyone else, here is extremely basic 101 swing handling I am using)

This is an up move. Reverse it on a down move. This is last week and is as easy a swing as you will ever see.

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1. This is a high. It gets broken and goes to #3.
2. When price goes to #3, #2 is your low. It's the low point between the last high and the new high.
3. The new high. Price gets above and stays above and goes to #5
4. When price gets above and stays above #4 or #4a becomes the low. I put #4a because when price makes a new high but doesn't stay above it gave you a higher low you can use if you want. I have talked about places like this in some of my posts.
5. New High gets broken and goes to 7.
6. When price goes to 7, this becomes the low.
7. New high, when price goes above and stays above 9 is new high
8. When 9 is made, this or 8a is the low.
9. New High when it goes to 11
10. Low when 11 happens
11. New high until price gets above and stays above and then 13 is the high.
12. Becomes the low.
13. New high until price gets above and stays above and then 15 is the high.
14. Becomes the low. Could've put in a 14a, figure out why. A test to see if you are reading this.
15. New high until price gets above and stays above and 17 becomes the high.
16. Becomes the low. Remember, I wanted to be short. So I put two blue lines to show how I will be more aggressive on my swing low when I want to be short and price is moving long and switches to short.
17. New high because price went above and stayed above.
18. ALERT ALERT... price went below 16 and stayed below. UP MOVE OVER. Price matched my bias at this point. You can go to post 1065 and see me use each idea to trade it.
Be bullish on you.
  • #1,080
  • Jun 10, 2020 2:08am Jun 10, 2020 2:08am
Hi G,

thank you for the posts on rules and swings. I will go through posts from 945 thoroughly and also work on the ETB. Thanks Again
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