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Gejordan Weekly Journal

  • #1,081
  • Quote
  • Jun 10, 2020 10:46am Jun 10, 2020 10:46am
Quoting gejordan
{quote} 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...
Hello sir,
I saw the saw price breaking the yellow line which was the swing low from late last week but I didn't take the trade. Price came down and stayed below the yellow line with a retrace , forming a bearish engulfing candle (second yellow candle). I did not take that trade as my stop as I understood it then was at the top of the recent swing (the first yellow arrow) and my account size couldn't sustain the risk so I passed on the trade.
I couldn't take the trades to the 50sma. I wasn't at my system at the time ( I've been considering using 4h tf for the thread as it allows me to follow )
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Perfection...a process,not a stage!
Quoting Rearden
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
Some practice for you... Are we in an up move or down move? Where is the swing high and swing low of that move?
Be bullish on you.
Quoting fxonuoha
{quote} Hello sir, I saw the saw price breaking the yellow line which was the swing low from late last week but I didn't take the trade. Price came down and stayed below the yellow line with a retrace , forming a bearish engulfing candle (second yellow candle). I did not take that trade as my stop as I understood it then was at the top of the recent swing (the first yellow arrow) and my account size couldn't sustain the risk so I passed on the trade. I couldn't take the trades to the 50sma. I wasn't at my system at the time ( I've been considering...
Profile says you are 5 hours ahead of me. Can you be at your system at 10pm your time each day? If so, you can do this. Even better if you could check in for a few minutes at anywhere from 11am-1pm your time.
Be bullish on you.
Quoting gejordan
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. {image} 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...
Hi G,
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Quoting gejordan
{quote} Some practice for you... Are we in an up move or down move? Where is the swing high and swing low of that move?
We are in an upmove. 2 is the low (lowest point between the last two highs)and 3 is the high since it broke and held above.
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Quoting Rearden
{quote} We are in an upmove. 2 is the low (lowest point between the last two highs)and 3 is the high since it broke and held above. {image}
Good. When 3 becomes the high, 2/2a becomes the low. I used 2a today in case price broke down and stayed below during news. But it didn't so we wait. I'll check in the morning to see if it broke down overnight or moved up and adjust accordingly.
Be bullish on you.
Quoting gejordan
{quote} Profile says you are 5 hours ahead of me. Can you be at your system at 10pm your time each day? If so, you can do this. Even better if you could check in for a few minutes at anywhere from 11am-1pm your time.
Hello sir,
Yes I can be at my system at 10pm each day ( I'm officially off work from 4pm each day, my time). But for 11am - 1pm will be a little bit challenging as it depends on the amount of work I have at hand.
Perfection...a process,not a stage!
Quoting Rearden
{quote} We are in an upmove. 2 is the low (lowest point between the last two highs)and 3 is the high since it broke and held above. {image}
At present price is in a channel between 1 and 2. Price broke through 3 but could not stay under ( if our bias were long we would have entered on a retrace to the 50sma here 3a).Sine our bias is short, I'll be looking for price to break through 1 for short entries.
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Perfection...a process,not a stage!
Quoting fxonuoha
{quote} Hello sir, Yes I can be at my system at 10pm each day ( I'm officially off work from 4pm each day, my time). But for 11am - 1pm will be a little bit challenging as it depends on the amount of work I have at hand.
For weekend homework, go back to post 945 and look for each weekly Sunday post where I gave the bias. Then ask yourself, at 10pm if I looked at the chart each night, where could I put in an entry?

You should find your entries exactly where I entered in the trades I show, because that's when I placed nearly all my entries. At 10pm-Midnight your time. Then I went to sleep, and woke up and managed. Couple of exceptions where I happened to be around when a direction changed, but the rest were done just like that.
Be bullish on you.
  • #1,090
  • Quote
  • Edited 6:59am Jun 11, 2020 6:49am | Edited 6:59am
Quoting fxonuoha
{quote} At present price is in a channel between 1 and 2. Price broke through 3 but could not stay under ( if our bias were long we would have entered on a retrace to the 50sma here 3a).Sine our bias is short, I'll be looking for price to break through 1 for short entries. {image}
I've been using the wicks, too. Keeping it very basic. This would put lines and swings exactly where Rearden showed in post 1085.
Be bullish on you.
Rearden, when you wake up, give us the situation
Be bullish on you.
Quoting gejordan
Rearden, when you wake up, give us the situation
G, the price has broken and held below the 2 and 2a swings I showed in post 1085. I will be looking for short trades until price breaks my white line and hold above.
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Idea #2 and #3 in action. Got a bit lucky on the simple50 retrace. Took a guess where it might be when I went to sleep, so got entry just a bit below its actual location. 65 pips. 30 of it from the pivot. Not being greedy as I don't typically trade on Friday. I think that's 155 for the month. A little slower as our bias has been opposite the move, but very profitable nonetheless.

I'll be out next week. I'll post a bias tonight or tomorrow morning and see you next Sunday. Rearden, you are in charge. If you would, keep us informed of the move next week (up or down) and any trades that fire off.

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Be bullish on you.
Quoting gejordan
Idea #2 and #3 in action. Got a bit lucky on the simple50 retrace. Took a guess where it might be when I went to sleep, so got entry just a bit below its actual location. 65 pips. 30 of it from the pivot. Not being greedy as I don't typically trade on Friday. I think that's 155 for the month. A little slower as our bias has been opposite the move, but very profitable nonetheless. I'll be out next week. I'll post a bias tonight or tomorrow morning and see you next Sunday. Rearden, you are in charge. If you would, keep us informed of the move next...
Sure. I will try my best.

My Idea #2 triggered and #3 didnt. Closed it off on the repeated rejection of 1300 and since its friday.
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  • #1,095
  • Quote
  • Jun 12, 2020 10:20am Jun 12, 2020 10:20am
Quoting Rearden
{quote} Sure. I will try my best. My Idea #2 triggered and #3 didnt. Closed it off on the repeated rejection of 1300 and since its friday. {image}
Good one, end the week on an up note, doing things simply
Be bullish on you.
  • #1,096
  • Quote
  • Edited 3:57pm Jun 12, 2020 3:46pm | Edited 3:57pm
Next Week: No Bias. Follow the move.
I would be cautious and on the watch for a push to the highs. Which means, don't be greedy on the shorts.
Be bullish on you.
Price broke my aggressive swing high and held above. I will be looking for long
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Quoting Rearden
Price broke my aggressive swing high and held above. I will be looking for long {image}
didnt trigger
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  • #1,099
  • Quote
  • Jun 16, 2020 12:57pm Jun 16, 2020 12:57pm
Quoting Rearden
Price broke my aggressive swing high and held above. I will be looking for long {image}
Hello sir Rearden
I am trying to understand this chart.
(1) is lower high. (2) is higher high (because it closed above previous high (1) and stayed above i.e at least another candle closed above (1))
(3) is higher high ( just for same reason as (2))
Question 1. why is the bearish pin bar at (3) not considered as following of rule 2 - retrace to top of channel?
Question 2. what is the rationale for your lower trade entry instead of retrace to the blue line?
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Perfection...a process,not a stage!
Quoting Rearden
Price broke my aggressive swing high and held above. I will be looking for long {image}
it's raining... have a minute to peak in....

hmmmmm. I did all that work back on 1079 and this is what I get in return.
Be bullish on you.
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