Writing it down gets it out of my head...

Took a second gj short at the 5 min moving average and sentiment green hitting under yellow. I'm not sure if I'll get much out of the second short.

looking for 135.90 as the target to close all, but will close some along the way at important areas to lock in profits.

closed some lots of my second entry for 25 pips.

Measured Move targeting 135.90 area. Measured Moves are just guesses at where price will go. It's still smart to close lots to lock in pips on the way to the target area.
The chart shows the calculation of a Measured Move for today on GJ. Normally I prefer to show it on a larger time frame, but did it on the 5 min chart since things are grinding and ugly on gj right now. It's very likely the MM won't get hit, but it's still good to have targets/goals and this one works well to help me stay in a trade longer...be more patient. This move is just happens to have started during the London open, but that's not always where one starts.
1- measure from the previous high to the previous low (fractal). In this case it's 50 pips.
2- take that measurement to the new high and go down 50 pips. In this case the target is 135.90.
3- this doesn't always work out so also plan when/where you will close out the trade - where is the turning point for you to close out if it starts to move against you...especially when you're trading counter trend!

5:25am NYC/eastern time...I'm going to get some sleep. Have stops set and take profits set. This is a risk free trade because I've close lots along the way. Will update this later today.

GJ Measured Move Review/Analysis
Please refer to posts 80, 81 and 82 above.

My second entry was stopped out by just a couple of pips. I set a break even plus 1 (b/e+1) after fighting with myself over setting the stop 5 pips above that second entry 136.39 area, but I never want to lose pips on a second entry and I had to consider that I should have been more aggressive by closing all of the second entry trades at the 136.07 area I called for myself in my first post, post 8664, due to this being a counter trend trade. Yes, I write this stuff so it's out of my head and I have a better chance of listening to myself, but sometimes I need to be more aggressive in locking in pips...people who watch/observe = losers. People who do = winners. I did close 1 of the secondary trades there so I should be happy with that and should be happy with not losing any pips on the remaining second entry trades. Pluses and minuses.

Two of my first trades in this cycle closed at my target for the measured move while my last original trade closed for less because my target was further down at 135.55 in case the trade went further, but it came up and hit my trailing stop; which is what it's for afterall.

The 5 min, 15 min and 1 hour chart pictures are below along with the trade results for this Measured Move trade. It's always fun to wake up and find the concept worked again. When comparing the different time frames, I need to remind myself that everything looks a lot more clear on the 15 and 1 hour charts and that I should not be focused on the 5 minute chart because it's too noisy and you can lose your nerve and patience looking at the 5 min chart.

Not a bad first trade after a couple weeks off for vacation!

250+ pips in the last 24 hours on GJ...if you didn't sleep. I slept through part of it. And, yes, it's 'easy' to see after the fact.

Check the 15 minute chart below for the entries/exits.

When is the best time to enter trades? When you have the least risk of being wrong.

When do you have the least risk of being wrong? The chart below shows what it looks like when you have the least risk.

What if I'm wrong? just close and reverse on the other side of the box where the stop is.

Do you want large stops over 30 pips or do you want stops around 8 to 20 pips? Why do stops matter?

Stops matter because if you have a 30 pip stop and the pair moves 45 pips you only get 1.5x what your risk was.

However, if you have a 15 pip stop and the pair moves 45 pips you get 3x what you risk.

Let's say you were risking 1%. Do you want to make 1.5% on a 1% risk or do you want to make 3% on a 1% risk?

Now, let's reverse this concept: What if you're wrong and price continues through the supply/demand box and hits your stop and you need to close and reverse? Would you want to be faced with making 15 pips or with making 30 pips to recover your loss?

Your entry areas matter. The number of pips in your stop loss matter. Your reward potential matters.

In the end, all one can do is enter based on the trading process they have and then it's up to the market to do the rest. We only control entry, exit, and risk. The market controls the rest.

Before you start trading real money...put together your own process and trade it until there is no fear. Know your entry set ups and process, know what your exit looks like and do that process. Know what to do when the market says your wrong. Then enjoy trading. Make it simple. Make it boring. Make it pay you.

Imagine making 3% five times in the last 24 hours while only risking 1% of your account. That's 15%. Now cut that in half because you need to sleep. That's 7.5%.
Now cut that in half. That's still 3.75%. Do that 3x a week on one pair.

YOU CAN DO THIS!!!!!!

Okay, I think I'm ready to get back to it full time next week.

BTC/USD target 14,813 per Measured Move on the Week chart.

took the long based on 15 minute green bounce off of yellow on sentiment indicator and price action being held at and bouncing off of moving average on the 15 and 1 hour.

2:01am eastern/nyc time Bought more at the flash dip at the europe open.

BTC closed half at 96 profit in case London reverses it.

That's 2x my stop loss on the 2nd half of the trade.

Luck? Skill? It doesn't matter...stop did not get hit...yet. It sure was close though. Many thanks to those with limit orders at the top of the demand area on the 1 hour chart!!! Thank you for reminding me that Supply/Demand works.

Fed at 2pm. Time for a nap.

US Tech short into NFP, short after NFP, or never short again?

Building scenarios isn't about knowing exactly which way things will go, it's just about knowing what's going on and being ready if/when your criteria for a trade happens.

Update to btcn trade in posts 85, 86 and 87.

The btcn trade went up just shy of 400 points before reversing and stopping out what I let run at break even plus some to cover slippage. It's hard, but very important to remember to cover the spread correctly when setting up stop losses on a short on btcn when one is used to just a couple pips on currencies.

The original entry was 10,968 and the original stop was at 10,901. I took some of the lots off after it moved $76 before London opened.
The remaining lots went to 11,348. with spread exploding on the way down, a 362 profit and a 67 point stop equaled a 1 risk to 5 reward trade.

As you can see from my thread, that was my first time trading btcn. I learned it is very technically driven, definitely run by algo's in the technical areas such as 00 and 50 price areas as well as supply/demand, the moving average, trend lines, and the sentiment indicator. It seemed the 1 hour chart was the chart focused on my the algo's. You will be punished with massive $226 and $360 instant price drops and huge spreads (50) if you don't take profit at the same technical areas as the algo's do when they reverse during high volume trading so set your take profit limit orders and don't move them!!!

A challenge greater than trading gj. But, if one is willing to double their normal max stop loss (i doubled my max stop from 30 to 67, but did get in a little later than i normally would on my set up - got caught watching instead of trading), to 2x larger than on gj, and has the patience to let it run a ways even with the massive short candles, one can get over the pain of the spread. The other option is to just short big right now when things are hitting technical points to the upside.
In other words, close enough to double your stop loss and set take profits on the remaining trades in the cycle and go sleep or trade something else so you don't sit through the gut wrenching thing that is called 'trading' btcn. Unlike currencies where you can look to the future for high importance news events and start trading with the big money into those events a few days before, btcn has no real fundamentals unless one includes lots of opinion pieces that remind me of trading pump and dump penny stocks. Maybe this is why the algos are so good...btcn is about as pure a technical trader's algo dream as there is in trading today.

I'm sticking to the measured move target of 14,813 before the current move up is over. OTWT: only time will tell.

Time for reversals to continue?

this is a great overview of the markets. worth a few minutes of your time each day, if anything, to stay out of the media's hype and see the real information that traders lean on for an edge.
https://thebahnsengroup.com/covid-and-markets/

The Malaria drug + Zinc + zpac once again proven to work based on the statistics from all over the world.

Establishment Cabal OUTED!
do an internet search for: Youtube What They Don't Want You To See Tore Says
It gets more and more interesting the further into the video you get.
or, here's the link:
or, look for a link in the zerohedge dot com article Conservative Journalist Arrested & Jailed Ahead Of 'ShadowGate' Documentary Release (currently the 2nd or 3rd article down on there home page).

After over 1,400,000+ views, it seems youtube has taken down the video exposing part of the establishment cabal, but here it is on the banned videos website:
https://banned.video/channel/millie-weaver

or do an internet search for banned video millie weaver Shadow Gate. the full video is there, but no longer on non-biased youtube (owned by Google). (insert sarcasm here)

The planned market collapse:
It's pretty obvious Trump is playing the Establishment and Deep State. So fun to watch him.
This is the most investigated man in the world and he's still there and really seems to enjoy what he's doing.
He was made for this and lives for this.
The Bannon arrest is just for show, just trying to get him out of play, but it won't work. You see, the left does a lot of pr via arrests as they try to destroy the lives and the reputations of the real mainstream Americans, but there's no bite other than trying to tie people up and spend their money by using never ending fiat tax payer money to do the deed. It's such a joke. The Establishment Republicans and Democrats are a joke. The more they do it this junk the more the people see through it.
Think about something: If every media outlet is reporting the same thing...doesn't that seem to you that it's fake, spun, pr and just trying to control you? Take a few minutes today and listen to the news on several different radio stations and watch the news on different tv stations and read the news on nbc, cbs, cnn, msnbc, abc, fox, etc, etc...they are ALL, yes, even Fox, saying the same stuff. Ask yourself...who is putting the talking points for the day out at 4am every morning?
Ask yourself who is controlling all of this?
Then, consider the Democrat/Republican thing and consider just for a moment that there's a third party. It's not a political party though. It's those in background controlling the spin, hiding in plain site, working overtime to destroy America. And, yes, they know if they take the US down, they will get every other country. Do you want to be their slave? If so, keep thinking R/D and keep ignoring the third party.
Oh, and if you live outside the US, you should be very afraid because they are already a long way into enslaving you and once the US can no longer protect their friends, then you're in just as much trouble as those of us in the US.
Also note that Trump is polling ahead of where Obama was polling at this same point in his presidency. And, news out yesterday showed the normal Convention bump a party gets, well, it didn't happen this time...instead, Trump went up 4 points. And, today, three states that were 15 points in Biden's favor are now in a statistical tie.

Now, how does this all tie into trading? Well, one scenario is you'll see more and more stories saying the market is going to crash, the market is going to crash. And, when the big $ gets back from summer break the second week of September, they will run the stock markets up hard and fast while they are selling into the highs and suckering the retail traders in to buying what is about to collapse going into the election. Then, toward the end of the election crazy that Facebook admitted today is planned, the big money will start buying into the low while the retail traders are closing at massive losses. (Facebook stated they are planning for the election vote counting chaos by writing and practicing their plan to blackout pro-America voters' voices during the chaos...you know, what people do to slaves...restrict their voice. Like has already happening to thousands of conservative social media accounts, only now it will happen to EVERY account that even dares say anything positive about America.)

We're voting for our freedom here, not for a party. And, we're voting for freedom of the people outside of the US with this vote too: EU, UK, Hong Kong, Australia (especially Victoria), China, Russia, everywhere. If the US goes down, all of you go down even harder, faster, and worse because you're leadership is already controlled.
I hope you'll join us is voting for freedom.

Trump wins, R's take back House and hold Senate. Freedom trumps one world government slavery.

I won't go too far in depth on my background in statistics, election forecasting, trading (my trading is in this thread for all to see - the ups and the downs), politics (a past elected office holder, a past US House Campaign manager, as well as a past state political party executive board member) and past start up pro and past business owner. It doesn't matter as most of this is in my past and I don't plan to go back into the politics or start a new business. I'm happy doing what I'm doing.

However, in 2016 I was asked by a multi-billionaire to do two weeks of research for him leading up to the election. He was out of the country at the time and wanted boots on the ground. Four years later, today, Morgan Stanley finally caught up with what I recommended to the billionaire in 2016, stating from the Zerohedge.com article today:
"For investors, the bank laconically notes that "knowing the result is all about when markets will conclude who has won, not necessarily when a candidate has conceded or when media networks call the winner." And the road to having a result on election night goes through Florida and North Carolina."

Duh, this was exactly what I used in 2016 BUT I knew and called the results 3 days before the election based on the # of r and d mail in ballots returned in FL and NC in 2016 compared to 2012. Trump was way ahead of Romney in these stats. So I sat down and mapped out/gamed out election night. While Clinton was thought to be winning, the Dow futures were down over 700 points going into the time the more conservative voting Florida panhandle (central time) polls closed. We started buying just before Florida was called for Trump and then NC was called and the move up recovered the Clinton 700+ point drop. After the fact, I found we had estimated the race within 4,000 votes of the actual results in Florida and within 11,000 in the very surprisingly strong NC results.

1,000+ Dow futures points were made based on some basic statistics. And a great year in the markets happened. An even greater economy happened over the next 3 years! So great in fact that 56% of Americans believe they are better off with Trump than with Obama and the guy who can't remember his name. And that polling question was asked DURING THE VIRUS!!!

That Dow Futures chart for election night 2016 is attached. You'll see the huge 700 point Clinton tail at the bottom. It equates to a Trump MORNING STAR.

There is a lot more I want to say and have said to the people I update from time to time. The bottom line is the UN needs to be dissolved. China needs to be neutered and forced to reverse their plans to destroy the world...NO ONE WANTS TO LIVE UNDER THE FEAR OF A COMMUNIST REGIME! People who want to be free need to rise up and put the UN's 2030 One World compact to death and China's 2035 world domination plan into the trash bin. The US needs to dissolve the Democrat party...they are not democratic afterall and they seem to forget that the US is not a mob rule democracy, but a republic that uses representative government who are democratically elected in each individual state (and includes a mechanism to make the large and small state votes equal via the Electoral College). And, the US needs a path to gold backing its currency.

The next 4 years of Trump will see dozens of Senators and Representatives from both sides of the aisle resign or removed for allowing themselves to be blackmailed by the deep state. Soros will be destroyed for treason. The Amerca hating foundations/corporations pumping funds into destroying the world via NGO's will be destroyed. The great reset will not be one world government. Instead, the great reset will be a destruction of things that lead to slavery under one world rule and away from "life, liberty and the pursuit of happiness."

A sidenote for the big ego media, politicians, movie/sports stars, corporate leaders who are trying to destroy US: If One Worlders get control, you are always the first ones destroyed because you are tools that are no longer needed. Read some history. They always eat the ones they use.

I've gone further in my predictions this year...today I told my email list that we now believe Trump will win the popular vote.

Trump internal numbers comparing 2020 to 2016. Better everywhere.

do an internet search for pjmedia trump campaigns internal numbers explain why team biden is freaking out about election day
or copy and paste the following:
https://pjmedia.com/election/tyler-o...n-day-n1116513

People seem to have forgotten that the US election will not be certified until December 14 at the earliest. So there is NO president elect until that certification is done. It's been this way for a couple hundred years. Hasn't changed this year even though the media is telling everyone there is a president elect. There isn't.

it seems the betting sites have not paid out on the US Presidential election as there has not been a legally declared winner. I'm wondering how the markets will behave over the next few weeks and possibly two or three months before this gets resolved. (no, i didn't bet.)
here's the article on the betting sites not paying out yet: https://www.gamblingsites.org/news/b...tion-winnings/