Gejordan Weekly Journal

Sure. Thanks Ge

I decided to give this 1H a try for learning purposes (ie very small positions just so I have tracking capability). First trade short (my bias is short on EURUSD, basing it off of what I saw for coming week based upon daily chart.)


Chart below - Was able to get into short about 1.1769. First position took off +12, and second is set to BE and running. This was break through of monthly line and dropping below the S50, then entered short on retrace to the S50. Worst case stop was in the 1.8 area (above the red candle dropping below the monthly line) but would have watched more closely and shut down early if it was holding above the S50 and monthly line.

As of this posting second lot is +26 pips and running with SL@BE. Has moved to +42, so now have 2nd lot SL set to +20 pips. Worst case is this will be +12 and +20, but would like to see it push down to the recent 4H area about 1.1711.

Seemed to stop down near 1.1725 and start pushing back, so closed 2nd lot out for +30 pips, so that's a total of +12 and +30 on the two lots. Will continue watching to see if we get any additional opportunities off the hourly.



Edited to add chart (forgot on initial post)

Since the price closed above my aggressive swings, i had placed long trades and 2 got triggered and one didn't. I was a bit disappointed that the last position would have made 70+pips and was missed by 1 pip . But as you say that is the evil trading brain at work. I have exited the other two position for +20 and +40

It never really stops being annoying, you get used to it and it loses its grip on you and no longer effects your day and/or your next trade. It's also a sign that you are trading at the highest level.

You followed the rules, had a great result, and you knew to put an entry down there. All wins.

Hi Ge,

I had two long PO yesterday. The first one from 1840 and target 1880 and stop at 1719. The first one triggered but I closed it for -4 pips. I closed it because of the failure around BRN for a second time(Yellow arrow) and also and very terrible R:R. I have closed the second order also.

A sincere question... Do you think you are following the rules of the exercise I gave you?

Hi Ge,

In this instance I didnt. I didnt wait for the price to show me that the direction has changed and closed the trades before that.

I'll do the exercise with you Rearden, but keep doing things on your end, You will internalize nothing if you just watch me, you have to do it for yourself as well. I won't be replying to anyone on this thread. I'll expect you to comment on anything we are learning from this. And you can use it to see if you are following the rules. I'll stop when you do.

I'll use the MACD on a weekly, like Rearden is. Value increased from 2 weeks prior to last week so bullish bias.

Price in an up move because it went above and stayed above my top white line. Price won't be considered bearish unless it goes below and stays below the lowest point between the last high and the previous high... which is the bottom white line.

If bullish bias and in an up move we want to go long. We go long at the pivot and/or simple50 unless price is below. Price is below so we enter immediate. I have TP at swing in case it goes there while I sleep. When I wake up, I'll see where it is.



What else do I see, we have a big range, getting closer to the bottom and last week when price got below that simple50, that simple50 seemed to get in the way.

Price is exactly where entry was yesterday but it arrived here from a smaller swing down so I can move the TP down into this swing in the 1840s. Might be something to learn here and take note of and store in the memory banks. Rearden, maybe you can comment on that this weekend.

Price hit the TP while I was sleeping. I made some markings to show where the TP was originally for the first entry. Then I move it down with the position I took last night into the body of the swing from which price came before that entry.

+ I like the feeling of TP being hit while I sleep.
? I actually had a bit more profit yesterday when it didn't hit target, was the disappointment of giving that profit up and waiting a day worth it
+ I followed rules

Since I'm starting this late August, let me see what early August would have been like.


All of August has been an UP BIAS, but beginning of August brought a down move. So no trades until Aug 19. I didn't do this exercise during this time, so who knows how it would have impacted me to not trade that long. I'll watch carefully in case it happens again.

? Would I have followed the rules and not traded all this time
? After the down move, price made it to the top and came all the way back down.
? Price poked above on Aug 6, but never poked below the low of the down move, always came up short. Hint or Random?
? Is this how a range starts
? Aug 12 and 13 would have been good longs from bottom of range, rules didn't allow, but edges seem good.

cont'd look at August before I started


Up move official on the 18th. Same day price retreated to below the s50 and pivot and back into the range and closed there. Trapped in some longs from top of move. Would have been stuck in those early ones for 7 days.

? Can you avoid being trapped in a fresh breakout
? on the 6th, price poked, on the 18th price went above came back in and then broke higher. Created a "mini-swing" before the break.
? was that mini-swing a better place to try than the pivot... could i have bailed with a close and stay below the mini-swing.
? when price below the simple50 and pivot, is all I should expect be a move back to the simple50
? gut tells me there is a better way to handle the 18th to now. will keep this in mind and see how it plays out in the future if the situation happens again.

For the first time in a few days we start above the simple50 and pivot. We'll see if that could mean anything. Yet, smack dab in the middle of a range. Entries set at Simple50 and Pivot. I have choices on the TP... could go for 1.1930s in case we get triggered and miracles happen or 1.1870s. I'll start high and adjust to the 1.1870s in the AM.

Entry would be at the same place as yesterday's entry so no need to add positions. TP in the 70s.

Price hit TP.

? Price was below simple50 and pivot for a few days and then closed above. This preceded this move back in the direction of the bias.
? After close back above, good retrace entries
? Bouncing is normal, better entries make this easier to happen.
+ Patient and followed rules.

Per rules.. good week, no need to trade Friday. Back next week.

I am going to add a component to the Weekly Bias so we can have some No Bias, follow the move, work.

If MACD value is above 0 and increasing - UP BIAS
If MACD value is above 0 and decreasing - NO BIAS, follow the move
If MACD value is below 0 and decreasing - DOWN BIAS
If MACD value is below 0 and increasing - NO BIAS, follow the move.

This will allow for some No Bias, FOLLOW THE MOVE work as well, which is important.

Again, for weekly bias I am simply looking at where the weekly chart MACD value is for the last two weeks. It ended this week higher than last week and is above zero, so next week will be UP BIAS.


We are still in an up move as seen in post 1252. We will be in an up move until we get below and stay below the bottom white line in that pic. We'll move that white line up if we get above and stay above the 1965.

Bias UP
Move UP

Price above the simple50 and pivot, so the exercise is to place entries at each.

Busy looking chart, but let's break it down.

The first two arrows were yesterday's entries... just missed the pivot... no trades. I have deleted those entries after taking the pic.
The next two arrows to the right are today's entry locations.

Special note... The day opened pretty much where the pivot is. My spreads widen on this MT4 at that time, so I couldn't have entered on that spot if I tried at that time. I went ahead and entered to represent that entry. It's fine to wait and let it come back and hit the pivot on retrace. Doesn't really matter during this learning period. Just wanted to show both options. Learning can occur whether you are in a trade or not.


Speaking of learning... what caught my attention...

I see that we sit where we did a couple of weeks ago. Any entries today could participate in a breakout or fail and I might end up in the same boat as two weeks ago (the arrows on the left side of chart). My swings still sit in the exact same places. If we break above and stay above, I'll adjust the bottom white line as needed.

- it's a bummer to miss an entry by that little
- it's a bummer that I closed trades Thursday that would have moved more today
? Are my targets too conservative or just right?
+ I'm calm, still happy I was positive last week so missing a trade today by a few pips hasn't impacted me.

A few things to cover.

The trade:
My trade from near the pivot (see last post) went through the old high and made a new high and stayed above (the candle before the arrow and the candle the arrow points to in the chart below). Price didn't really come from somewhere like last week's profit targets so I have some decisions to make about where to take profit.

? What is the best way to take profit in a breakout ?

My choices could be... I will do a basic breakout following, or grab an amount of pips that make me happy, or close when I wake up. I'll need to try these out. I'll start with basic breakout following. (there are many choices here, my point is that if you are someone that struggles with where to take profit, do some experimenting while you learn and see which one makes you feel best)



The chart:
Get above and break above the last high means I need to raise my lower white line that will determine when the up move is over. Post 1079 covers how I do this.

Breakout trade following:
The basic way to follow a breakout is to wait for the fist candle that opens and closes above the breakout (arrow above points to it). You want it to be green for up move, red for down move. This confirms the breakout. The initial stop needs to be below the breakout line and the last swing prior. If price breaks again, you can trail up. I'll show examples if it happens. Of course, confirmed breakouts can fail. It did a couple of weeks ago. So this isn't magic, I just have to figure out if this is for me knowing failed breakouts will give back profit and big breakouts will give a bunch of profit.

? How will using a breakout trade follow impact me over the long term ?
? Need to pay attention to my emotional state on big gains AND when I get stopped ?
? If I become mental, I'll need to pick a new breakout profit target method ?

New cleaned up chart looks like this. Closed the simple50 pending order, moved top white line which will mark new highs.