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Gejordan Weekly Journal

  • #1,141
  • Edited Jun 30, 2020 1:19am Jun 29, 2020 7:01pm | Edited Jun 30, 2020 1:19am
Quoting gejordan
{quote} And go back to 1040 and see if you can tell me what you see that is different from today.
What I observed in 1040 is the one bar pull back while the price was going up. The subsequent candles which broke and held above, gave a location to put the stop loss without waiting for full retracement to white line.

Here, the price moved sideways before making the next move down which means there is a range which we have to consider instead of a single white line.Did I get it right?
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  • #1,142
  • Edited 5:44am Jun 30, 2020 5:31am | Edited 5:44am
85 pips this morning. I feel like price will probably break down some more, but I woke up and it's a nice gain to end the month, so I closed it.
I think that's about 650 pips for the month. Start again tomorrow, new month.

After retracing, visiting the pauses, and coming back down yesterday, I could return to more normal trading today. Still on the high end of my desired stop, so I dialed down the size just a bit. Entry from the pivot. Usually our retrace entry is talking about a retrace after a new low or high of a move. So, this could also be considered an idea #1. I took them with the thought of an idea #1 and a retrace to pivot. Price was above the simple50 already so I had an order higher up in the 1280 area in case price held at the S50 instead of breaking down. No matter what I call it, it's more important to recognize that I am paying attention to price and then entering from logical places that will give me a better than average shot of making profit.

I think it's clear by now, if you have a bias, wait till price movement matches the bias, and then use your head on entry and don't be greedy on profit... it's easy to capture profit way more than you take losses. This equals account growth.

I think this will end the pictures unless you have a specific request or I see something different (i.e., a situation I haven't covered) that warrants a picture. I'd rather see your pictures. You've seen about everything to see and I've talked you through what to do when things look a little different, so I'll dial it down to a weekly bias post for a while.


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Be bullish on you.
  • #1,143
  • Jun 30, 2020 5:41am Jun 30, 2020 5:41am
Also, I was trying to practice identifying days like this or like the one in Post 1040. I could go only through the first few months in 2019 and saw similar days during April 2019. I am sharing to see if I am seeing it correctly.

#1: This day didn't have much pull back but only a brief pause on the way down.
#2: Only a brief pullback during Asian and half of london session and then a move down with only one bar pull back.
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  • #1,144
  • Jun 30, 2020 6:05am Jun 30, 2020 6:05am
Quoting Rearden
Also, I was trying to practice identifying days like this or like the one in Post 1040. I could go only through the first few months in 2019 and saw similar days during April 2019. I am sharing to see if I am seeing it correctly. #1: This day didn't have much pull back but only a brief pause on the way down. #2: Only a brief pullback during Asian and half of london session and then a move down with only one bar pull back. {image}
Yes, same idea. I went back and looked, that was a DOWN bias week followed by a NO BIAS week. You maybe had an idea #1 entry the day before your (1) area, but no real idea #2 or #3. But after that, your next best entry was on the NO BIAS week from the blue lines area.

This is a good post to think about your mental game. Think about how tough it would have been to know you wanted to be short, but the move takes off like it did. Imagine you don't get a idea #1 trade off on the 17th and you miss the move. If you revenge trade on the 19th, you end up with a small loss and who knows where your head is the next week. If you didn't keep your wits, then you don't see the single pullbacks and re-visit and miss another move down.

That's why i stress keeping a relaxed attitude and just think about the chart and the simple rules and situations. If you would have missed that move down, you just look at the chart fresh the next day, you see single pullbacks and give it a go when price gets to the highest one and see if you can catch some continued move. Like I did this week.
Be bullish on you.
  • #1,145
  • Edited 6:25am Jun 30, 2020 6:12am | Edited 6:25am
900+ pip april
700+ pip may
650+ pip June

One pair, EU. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. In review, that's looking at the chart twice a day. Took a vacation, closed trades early, 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. I can't think of anything easier. The only thing that makes it hard is your inability to set aside the complexity you think has to exist. See it in action and maybe learn something about your trading self from there to here.

As mentioned in post 1142, good place to stop posting charts. It's more important you do it than watch what I do. I'll keep posting a weekly bias to help you out and I'll post if something happens we haven't seen over the last 3 months.
Be bullish on you.
  • #1,146
  • Jun 30, 2020 8:14am Jun 30, 2020 8:14am
Quoting gejordan
900+ pip april 700+ pip may 650+ pip June One pair, EU. Deciding what I would do on Sunday and then taking action at the end of each trading day and when I wake up. In review, that's looking at the chart twice a day. Took a vacation, closed trades early, 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. I can't think of anything easier. The only thing that makes it hard is your inability to set aside the complexity you think has to exist. See it in action and maybe learn something...
Thanks a lot Ge for the posts and advice. I will post my trading results and as always any comments when time permits will be very helpful.

BTW, is my answers in post 1141 Correct? Did I miss out anything?
  • #1,147
  • Jun 30, 2020 1:00pm Jun 30, 2020 1:00pm
Quoting Rearden
{quote} Thanks a lot Ge for the posts and advice. I will post my trading results and as always any comments when time permits will be very helpful. BTW, is my answers in post 1141 Correct? Did I miss out anything?
No, I was going for something related to the simple50. Analyze it the way you should trade it. What was the bias back then vs this week. Was price moving with bias? Where are my trading areas. How does this relate to this topic?
Be bullish on you.
  • #1,148
  • Jun 30, 2020 7:30pm Jun 30, 2020 7:30pm
Quoting gejordan
{quote} No, I was going for something related to the simple50. Analyze it the way you should trade it. What was the bias back then vs this week. Was price moving with bias? Where are my trading areas. How does this relate to this topic?
1. what was the bias back then vs this week.
Post 1040: No Bias Week. So follow the move.
Post 1137: Short Bias Week. look for opportunities to short
2.Was price moving with bias?
Post 1040: Yes. Since this is a NO bias week and the price had broken and held above the last swing down, We are expecting price to move up and it was moving up.
Post 1137: No. BIAS is down and price is moving up.
3.Where are my trading areas.
Post 1040: from Pivot(Corresponds to the identified area at candle #5) and also 50 SMA. 50 SMA in this case was below the price and supporting an idea #3 trade to the long side.
Post 1137: the 'pauses' on the way down since both pivot and 50 SMA is way too far from the White line.
4. How does this relate to this topic?
Post 1040: Here, since we want to go long and S50 is below the price, it supports our trade idea of going long and we have a clear idea #3 trade.
Post 1137: Here, S50 is below the price and there might be chance of price holding at the S50(no good R:R). So that is another reason to be patient and look for areas as close to the white line for entry.
  • #1,149
  • Jun 30, 2020 7:57pm Jun 30, 2020 7:57pm
Quoting Rearden
{quote} 1. what was the bias back then vs this week. Post 1040: No Bias Week. So follow the move. Post 1137: Short Bias Week. look for opportunities to short 2.Was price moving with bias? Post 1040: Yes. Since this is a NO bias week and the price had broken and held above the last swing down, We are expecting price to move up and it was moving up. Post 1137: No. BIAS is down and price is moving up. 3.Where are my trading areas. Post 1040: from Pivot(Corresponds to the identified area at candle #5) and also 50 SMA. 50 SMA in this case was below the...
Very good. The more you speak in those terms, the more likely you'll keep your trading simple and recognize similarity and difference in the future.

Yes, in that one the s50 was below and as it moved up and met price at a pause... price found support. Nothing like that existed here. When this scenario appears again, you'll have a good idea of what you can do. Look for a supporting s50 coming to meet price at a pause or take the lowest risk because we are on the other side of the s50.
Be bullish on you.
  • #1,150
  • Jun 30, 2020 7:58pm Jun 30, 2020 7:58pm
Quoting Rearden
{quote} 1. what was the bias back then vs this week. Post 1040: No Bias Week. So follow the move. Post 1137: Short Bias Week. look for opportunities to short 2.Was price moving with bias? Post 1040: Yes. Since this is a NO bias week and the price had broken and held above the last swing down, We are expecting price to move up and it was moving up. Post 1137: No. BIAS is down and price is moving up. 3.Where are my trading areas. Post 1040: from Pivot(Corresponds to the identified area at candle #5) and also 50 SMA. 50 SMA in this case was below the...
Now, part 2. Look at todays action and think about the last 2 days. Do you think I would consider where price sits now a standard/easy situation or a tougher situation for this type of trading?
Be bullish on you.
  • #1,151
  • Edited 9:03pm Jun 30, 2020 8:18pm | Edited 9:03pm
Quoting gejordan
{quote} Now, part 2. Look at todays action and think about the last 2 days. Do you think I would consider where price sits now a standard/easy situation or a tougher situation for this type of trading?
I think its a standard situation as per this type of trading because the price hasn't done anything(Didnt break any swing) which changes the analysis or requires us to update the white line to new swing high or low.

On other hand, We want the price to break the the swing lows for a having a clearer area to take trades from. Price found buyers at the last swing low and Since the price is stuck /ranging within the big swing , i think its a tougher situation to trade. Also, The tougher part is to wait and not see trades which doesn't exist and patiently wait till a clear signal is given.
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  • #1,152
  • Edited 10:07pm Jun 30, 2020 9:36pm | Edited 10:07pm
Quoting Rearden
{quote} I think its a standard situation as per this type of trading because the price hasn't done anything(Didnt break any swing) which changes the analysis or requires us to update the white line to new swing high or low. On other hand, We want the price to break the the swing lows for a having a clearer area to take trades from. Price found buyers at the last swing low and Since the price is stuck /ranging within the big swing , i think its a tougher situation to trade. Also, The tougher part is to wait and not see trades which doesn't exist...
I'm not sure you picked a side.

I was looking for your second take as the answer. In comparison, it is tougher now than our standard position while price is moving. As we make new highs/lows, it's real easy and clear how price is moving and where we can find value for entry. As you said, we are just sitting in the middle of a 120 pip range. In swing trading, we actually want to see our swings moving. Not stuck.

It's tough to not trade it if you haven't caught the first two days of trades like I did. The more you acknowledge this, like you just did, the easier it will actually become for you to be profitable. Good job. When I feel this, it's the first hint that I need to wait for a low risk trade if I am going to try anything at all.

We would have loved to see that low break today, but it didn't. It was actually easier to wait for a big retrace and take a swing than sit where we are today. It was an easy decision to take the regular trade attacking the bottom than what we have now. Now... we have some knowledge. But that knowledge makes us wonder will it go low again or back up to reload or possibly break. So our choices become harder and especially hard if we feel an urge to do something. Like you said, it's hard doing nothing. It will be hard to do nothing if it takes off to the down side and I'm not a part of it. BUT, by preparing the mind now, it actually makes it easier to handle.

And on the good side, which you may not value yet, is that you have a bunch of new experience under your belt by seeing the chart action again that we had leading into this week. It happens all the time and not just in forex. If you have access to S&P futures, open up an hourly and check out the move down from June 10- June 15. If you don't have access, I'll just tell you, it looks familiar, has some pauses on the way down. I wanted to be short, but price was sitting somewhere that wasn't great. I waited for price to hit the highest pause of the move down and you know what, it's fired off from there 4 times. Low risk trades. And now that trade is probably over. And it's all been pretty easy to see.
Be bullish on you.
  • #1,153
  • Jul 1, 2020 4:40am Jul 1, 2020 4:40am
Quoting gejordan
{quote} I'm not sure you picked a side. I was looking for your second take as the answer. In comparison, it is tougher now than our standard position while price is moving. As we make new highs/lows, it's real easy and clear how price is moving and where we can find value for entry. As you said, we are just sitting in the middle of a 120 pip range. In swing trading, we actually want to see our swings moving. Not stuck. It's tough to not trade it if you haven't caught the first two days of trades like I did. The more you acknowledge this, like you...
Thank for the detailed post Ge.

Yes. I have another platform which has Emini S&P. I watch it occasionally. I saw the move which is quite similar to the one which happened in EU 2 days back
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  • #1,154
  • Jul 5, 2020 4:07pm Jul 5, 2020 4:07pm
No Bias week. Following the move.
Be bullish on you.
  • #1,155
  • Jul 6, 2020 5:40am Jul 6, 2020 5:40am
Hi Ge,

Interesting thread where the focus is more on the inner aspect of each individuals coupled to either their system/approach or your basic rules.

However I question that puzzles me regarding post 1040 and 1079
What makes your consider that price move above a high and stay above?
Am I right to assume in your personal case you need to candle close above the high to consider as"stay above"?

Thank you
Gerald
  • #1,156
  • Jul 6, 2020 6:14am Jul 6, 2020 6:14am
Quoting biker883
Hi Ge, Interesting thread where the focus is more on the inner aspect of each individuals coupled to either their system/approach or your basic rules. However I question that puzzles me regarding post 1040 and 1079 What makes your consider that price move above a high and stay above? Am I right to assume in your personal case you need to candle close above the high to consider as"stay above"? Thank you Gerald
Rearden... since you are working on mastering this... will you take this question?

Yes, that has been the common theme in every thread I've done. I put out a set of rules and then generally sit back and watch all the ways the mind convinces people not to follow them. I call that the "evil trading brain".
Be bullish on you.
  • #1,157
  • Jul 6, 2020 8:16am Jul 6, 2020 8:16am
Quoting gejordan
{quote} Rearden... since you are working on mastering this... will you take this question? Yes, that has been the common theme in every thread I've done. I put out a set of rules and then generally sit back and watch all the ways the mind convinces people not to follow them. I call that the "evil trading brain".
Yes. Sure.

Hi Gerald,
With regards to your question 'What makes your consider that price move above a high and stay above?' Please see the attached pic. See the places where I have marked "SH". Those are the swing highs. Those swing highs are marked with the pink lines. When price move above those swing highs(pink lines) we call that "price moved above a high".

Stay above a high: Once price moved above those Swing highs(Pink Lines), See if it stays above.. meaning.. See if Price doesn't fall back below those Swing highs(pink lines) atleast for the next one or two candles. Please see the white arrows where the price stayed above..

When price falls back below the swing high(pink lines) immediately after breaking it we call that price broke the high but didn't stay above. Please see the red arrow for example.
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  • #1,158
  • Jul 6, 2020 9:50am Jul 6, 2020 9:50am
Ge and Rearden,

Thank you for your answers that confirms my thinking
re-reading my own question I realised I forgot to type a few words in my question.
Am I right to assume in your personal case you need more than one close above the high to consider as"stay above"?

After having followed different people from scalpers to long-term I am even more convinced after you reply that is not so much the indicators or the systems but the way rules are applied that makes a path to success.

I know the rules, some, too many rules,
Why the hell am I not applying them? probably because I hate repetitiveness and also see the flaws of the rules and try the fix it before to apply them, In the same time I know both are necessary as in any business activity.
Am I scared of success or do I escape the routine by extending the path of search (in french we have a sentence saying more less "The path is more important that the destination", am I getting lost ?

I am not sure if it is the right place for lying down my thoughts but felt I had to write them down. ( i can remove if inappropriate).
  • #1,159
  • Jul 6, 2020 9:57am Jul 6, 2020 9:57am
Quoting biker883
Ge and Rearden, Thank you for your answers that confirms my thinking re-reading my own question I realised I forgot to type a few words in my question. Am I right to assume in your personal case you need more than one close above the high to consider as"stay above"? .
Yes . More than one close above the high to consider as stay above.
  • #1,160
  • Jul 6, 2020 12:15pm Jul 6, 2020 12:15pm
Quoting biker883
Ge and Rearden, Thank you for your answers that confirms my thinking re-reading my own question I realised I forgot to type a few words in my question. Am I right to assume in your personal case you need more than one close above the high to consider as"stay above"? After having followed different people from scalpers to long-term I am even more convinced after you reply that is not so much the indicators or the systems but the way rules are applied that makes a path to success. I know the rules, some, too many rules, Why the hell am I not applying...
This is the place. The more honest everyone is about their journey in trading the more it encourages others to do the same. Also, it puts you at an immediate advantage when trying to get profitable.

Here is a suggestion I gave Mikepip back in post 195...
You gotta get yourself into the present at each and every single trading session. For the next month or two, I want you to keep a "RAGE" journal right by your computer. 20 minutes before you start trading I want you to unload in it every single thing that you are angry about, trading or otherwise. From your youth or from the current day. Wife bought the wrong kind of ice cream, write it in there and write why it annoys you. Sitting around down in the dumps that trading hasn't paid enough, write it down, write why it bothers you and keep writing until you get to the root of the emotion. And then close that notebook and trade. Start emptying out the rage and resentment toward yourself and start replacing it with being in the present. Make that growing equity curve important. And when the equity curve is growing, don't run to the wife and tell her its going up, just be thankful, let it be, and come back tomorrow and do the same thing. Empty the rage/anger/resentment, get clear, trade, and repeat repeat repeat.

And, I'd certainly like to see you use my bias and then apply your own trading to it and show us what happens... if you want.
Be bullish on you.
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