Gejordan Weekly Journal

Price went up and hit target. It also got above and stayed above the last swing (upper white line) so I moved up the lower line. It's Friday, so nothing new, wait until next week.


I have been thinking about price poking through a level and then returning to break the level. This happened again. Interestingly, it gave a couple of good retraces before breaking through. One where I entered with the simple50 entry and then price bounced and came down there again briefly yesterday.

Also, I have been thinking out loud about following trades from the bottom instead of on breakouts from the top. This played out. I think about the entry from the 5th, instead of getting 47 pips, I could now have 90 pips if I held the retrace entry trades on fresh changes of direction. I'll keep this in mind.

Opening from between and above simple50 and pivot continued to encourage movement in the direction of the move.

Out all this week without charts and probably most of next week. Check Rearden's Journal to see the trades and actions. Hopefully be back end of next week back at it. I'll make some comments over on Rearden's Journal based on the posts there.

Had other business for last couple of weeks, will fire up again next week. Looks like I missed a nice up move and a loss today.

In review, I see more support for the idea of holding trades from the bottom on changes of direction for chances to increase gains.

Also noticed that price pokes and on the subsequent attack at the high or low it either breaks through and continues or stops short, reverses and gets below/above simple50 and changes direction. Will watch this further and also watch during directional bias weeks when those return.

Didn't really miss not trading, nice break. Make sure I follow rules on return.

Unless we have a massive move up, looks like another No Bias, Follow the move week next week. Will check in again Sunday to confirm.

This is why I love avoiding Friday after a good week. We moved into a down move, reversed back into an up move and now giving it the old college try to resume a directional up move. We'll see.

Anything to learn from this? Not sure yet. My initial feeling is that MACD is above zero, so even on a pullback or down move we have to be ready for price to resume. I also look back on a chart to 2019 when price was below zero on MACD and the value bounced back and forth. Lot's of chop can be created as price attempts to resume a prevailing move. Makes me think more about the importance of best places for entry.

I have a rule that gives me an entry nearly every day. In having this rule I have to remember the purpose of it is to start identifying best entries.

BIAS: NO BIAS, Follow the move
MOVE: UP

The weekly MACD was barely lower, so I continue following the move and the current move is up. Price is above the entries, and the two locations are very close to each other, so I have one entry between the s50 and pivot.

I've been doing the exercise for a while so it's a good time to start incorporating a theory for No Bias weeks. Since the s50 and pivot are close together, I have the one entry per the rules mentioned above. But I am also going to place an entry toward the bottom of the range. This is an exercise with an entry a day, but the point of this is to think about best entries.

I will follow the rules but I will also think about better entry. If I could just pick one place to enter, I would rather be in from a place with less risk. So I am going to place a pending way down at the bottom. If price doesn't break higher, I think there is a fair chance, from what I have learned, that it will head down toward the low. It could also commence a down move. So, the TP of this lower entry will be not as aggressive. I will place it at the s50 if I am awake for it, but if not, I'll manage it when I wake up.

So price went down to my low entry, missed entry by the spread, and back to s50. I was awake and watched it, I could've entered manually, but decided not to for the purpose of the exercise, but my theory certainly had merit. I'll leave the entry where it is so I can show it visually later today.

Also, I note the upper white line, which is the high, then the attempt late Friday to get above and stay above, which failed. Then price opened the week by taking a run at that high and failing. I have been noticing this behavior, and with that failure it is a good clue of potential retrace. Getting back below the s50 after a failed run has been a good indicator that we might go test the lows. This is good information to help me manage risk, led to my theory and idea of not being greedy.

Now, I'll wait and see what happens. Will the low get taken out again or will it hold and push back up. Haven't seen it hold during the exercise yet, doesn't mean it won't but a good risk warning at this point.

As you can see, pretty good idea to lower that entry. Again, I missed entry by the spread. Move is still up, but there is nothing right now to make me think price is actually going to go up. So, I'll do an immediate entry per the rules, but I am also going to put an entry down at my white line and see if we can maybe hit it and go up to the simple50 for profit. I'm continuing the theory that maybe there are better entries when price isn't doing what we want it to do.

My actual immediate trade didn't get hit until overnight while I slept. But you can see, it was essentially in the same area as my greedy entry area from yesterday and went to the simple50 for profit. My new "greedy" entry didn't get hit.

So, the theory came together and the point of the exercise. In certain conditions there may be times to think about better entries. I can enter any time, but entering at better times will certainly be better.

Ok, so great action here. Price was above the line and went long and tonight it has immediately changed direction. We are now in a down move, with no bias, follow the move.


This gave a great visual comparison that I am exploring right now. Perfect example for any entry versus best entries. I mentioned that we had a good clue the other day that we'd go back into a down move. And we did. It's not magic, it's doing the exercise and seeing things over and over. Just looking for simple things.

We had the exercise entry up top. Originally, I wouldn't close it. That's a potential 55 pip loss. This week I tried out a theory. I took a lower entry, wasn't greedy and closed back at the simple50. Profit. Took a trade tonight and reduced that loss to 15 pips from 55. Those 40 pips add up.

Rearden starting to get the hang of it. Picture perfect of what we are doing today.

No Bias, Following the Move, Down Move, MACD still above zero so careful of attempts to regain upward trend.


Fairly standard trade, all per the rules. Down move, enter on pullback, profit at place it came from per the rules.

Arrived at Thursday, good week. Took trades per rules, but tested the theory that sometimes it pays to look for better than standard entries and to not be as aggressive when the chart gives clues aggression isn't called for. Made a certain negative week, into a profitable week. Just following the rules of the exercise it would have been -67 pip week. Making an adjustment to aggression made it a +23 week. Rearden and I both saw that downward pressure that was in the works, so profit could have been amplified even more, and will be as we move through the exercise in the coming weeks and months.

For those keeping score at home, that is a 90 pip swing to your balance sheet. That turns downward moving profit graphs to rising ones real quick. But, you have to learn to trade. And I mean an examination of the chart and price as this exercise achieves.

MACD still moving lower, but above the zero line, so NO BIAS - Follow the move, and the move is down.

Last night had some tricky price action with candles that had little difference between open and close. In real life, if it is hard to determine where you are with swings, size way down or stand aside completely. In the exercise, get into the nitty gritty of the candle and see if you can follow the swings in detail. It's just more work in drilling in the exercise of identifying swings.

I will be standing aside with trades due to the election in the US tomorrow. This is pure gambling and the goal is to trade as a business and make money... not to gamble. Even in an exercise using pennies, it's gambling. Part of this exercise is to kill the gambling that forex allows because of the low barrier to entry.

I will still mark the swings and look to get involved again around end of week, maybe into next week.

Stayed in a down move. No Bias. No trading for a few days due to election.


Narrowed into a real tight range today. Pure gambling and nonsense ahead at this point.

No Bias, Follow the Move
The Move = UP

Well, price traveled the distance of the range and now back again. Some of you have seen me trade events like this in years past and the simplest way to do it is pick places you think price won't make it to and trade from those places. If you wanted to be long, you can see the best place for this.. all the way back to the bottom of the range. It went lower but did NOT stay lower. This action really demonstrates the theme of the past week or so... picking better entries when the situation calls for it.

Of course, as I mentioned above, these events really feed the gambling portion of the brain and the exercise is more about feeding the trading as a business portion of the brain.

Bias: UP
Move: UP

Back to a directional move. Been a while. I'll go back and review directional move notes.

We went into a down move, but bias remains up, so not much to do. There were easy trades around the election, and they worked out, so it can really eat at you. Rearden experiencing this over in the Rearden journal right now. They could have just as easily not worked out, so the fun thing as someone who has already done this process years ago is watching Rearden deal with the ones that do work out and how they mess with your head days and weeks later if you let them. They can just as easily not work out but our brain never gives those the same weight. Rearden already starting to see the chart, but getting through this part, the transition from trading as an addiction to a business is the real "a-ha" moment. Because even if you can see the chart, if you gamble with it, you'll get stung. If you see the chart and trade it like a business, the odds of doing well are much better.

Back to a No Bias Week, I will follow the move.
The current move is down, although as I write this price may switch at the end of this hour.

The election has passed, but any crazy thing over the next 2 months could cause an out of the norm move in price. Since I am in learning mode at smallest position size, I will take on the risk as I am at a small position size and engage again. In my full account, I will do the same thing by sizing down accordingly, knowing an active risk to price exists.

I am doing this with Rearden, as mentioned in my signature, so I am also trying to follow Rearden's ideas as well. This is the trade Rearden mentioned, but then changed course on while figuring out if this was really an independent idea or the evil trading brain trying to coax a trade. Much good stuff happening here... Rearden is becoming hyper aware of self and chart. Questioning the emotional why of a trade and gambling versus trading. Additionally, Rearden is piecing the chart together. Taking something I have done and now seeing it independently. A long way to go, but this is the power of the exercise.

The rules call for an immediate entry down, but when I came to the screen, price is above and trying to stay above. I'll wait to the new hour and start the week. I will sell EU if it comes back in, I will place pending buys if it stays above.

An interesting evening while I slept. Price entered an up move after my last post. Missed my entry on the way back down by a pip and now switched to a down move. I'll step aside and check back in at the end of the day and take trades per the rules.

Been doing some commenting on Rearden's Journal, better add some here. Good time to do so. Here is the chart:


First is the losing sell trade. I commented at Rearden's journal about how Rearden saw in advance that this was a problem trade. It also show the power of the exercise. By taking every trade, you quickly learn that every trade is not equal.

Price then switched to an UP move on this No Bias week. Price pulled back and the bottom swing was moved up. This is something you can picture in advance. I talked about this earlier in the exercise and it's helpful in visualizing what is and is not a good retrace. Here, you see I took the pivot entry and the s50 entry. I also placed an entry down under the white line to illustrate the point that you could go either way with it. The S50 entry was already pretty good based on where we knew the swing would be moving to.

These positions went up and hit profit while I slept. Some 50+ pips total. Can grow an account real quick 50 pips at a time.

But, I didn't put in the TP because I am working with the idea of seeing how things do if I try to push profit on the first entries on a switch in move. I am testing something. I talked over on Rearden's journal about this. Make sure you limit what you test. Just as taking every trade is a methodical event over a long period of time, so should be the testing of ideas. Don't throw a new idea out every week. See them through. Right now I am testing pushing profit and better entries. (I have done this exercise already, so you might watch me follow along with some of Rearden's ideas since I am assisting Rearden with the process and I may break this rule... do as I say, not as I do).

This test also hits another point. I am doing the exercise with pennies because I want to see ideas through to completion, good or bad, and not sweat the loss in the account. I could have closed the trade and then watched to see what happens, but the same as taking every entry... I need the emotional connection to seeing it through with the open position. That's what locks in the learning. Same as with the problematic sell, we knew it was problematic because we take the good AND the bad ones. Same here, I want to not only see an write on paper if the idea works out, I want to live it.

Alright, got my swings where they are supposed to be and back at it. A Rearden post helped me figure out I had my swing in the wrong place, I did not mean to move it there, was only trying to make the point of visualizing where the swing will go next and that often can be a good place for entry.

We are heading back to the top of the range, you'll see I accidentally entered twice while my line was in the wrong place, forgot I already had an order there. As mentioned in the last post, I am trying to extend first trades on changes of direction, so I will hold this into tomorrow and see what happens to give me a data point on this idea.



If anyone other than Rearden ever comes by here and attempts this exercise in the future, you'd take profit here and close down for the week with nice profit if not testing any ideas.