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My trading journal for "How to beat the market maker.." system

  • #61
  • May 3, 2021 12:28am May 3, 2021 12:28am
On usdcad engulfing bar at H4 seems to be a good confirmation....do you see the same smmtrader?
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  • #62
  • Edited 2:17pm May 3, 2021 8:30am | Edited 2:17pm
Quoting gf233
On usdcad engulfing bar at H4 seems to be a good confirmation....do you see the same smmtrader? {image}
gf233, The way i draw the trend line is a bit different. I connect the last 2 pivots as below (dotted line): Also, i am looking at entering in region 3.

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  • #63
  • May 3, 2021 8:39am May 3, 2021 8:39am
[quote = Smmtrader; 13520990] {quote} gff233, Il modo in cui disegnerei la linea di tendenza è leggermente diverso. Collego gli ultimi 2 perni come di seguito (linea tratteggiata): Inoltre, sto cercando di entrare nella regione 3. {image} [/ quote]

I understand...I relied on the H4 engulfing bar, I had seen a setup that looked good but little movement for now. Maybe your strategy is better
  • #64
  • Edited 2:17pm May 3, 2021 8:41am | Edited 2:17pm
Quoting gf233
[quote = Smmtrader; 13520990] {quote} gff233, Il modo in cui disegnerei la linea di tendenza è leggermente diverso. Collego gli ultimi 2 perni come di seguito (linea tratteggiata): Inoltre, sto cercando di entrare nella regione 3. {image} [/ quote] I understand...I relied on the H4 engulfing bar, I had seen a setup that looked good but little movement for now. Maybe your strategy is better
It's cool....might start going up. It is just that - over the last 10+ years, i had seen many charts due to which i am being very cautious with my entries - with just a bit higher probability.
  • #65
  • May 3, 2021 11:01am May 3, 2021 11:01am
Trading into the NFP news on Friday

CAD is bearish
USD is bullish

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  • #66
  • Edited 12:01pm May 3, 2021 11:31am | Edited 12:01pm
EURUSD SELL (looks like a good set up and considering that USD is bullish going into the NFP news)
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EURUSD - 50% candle rejection on daily timeframe and a crack and snap at a daily TL
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  • #67
  • May 4, 2021 3:53am May 4, 2021 3:53am
Quoting Smmtrader
EURUSD SELL (looks like a good set up and considering that USD is bullish going into the NFP news) {image} EURUSD - 50% candle rejection on daily timeframe and a crack and snap at a daily TL {image}
Congratulations, great entry
  • #68
  • May 4, 2021 8:21am May 4, 2021 8:21am
Quoting gf233
{quote} Congratulations, great entry
Thank you . Hopefully it will continue to workout.

I entered a BUY on USDCAD and SELL on CADJPY

Watching EURCAD for a BUY.
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  • #69
  • May 4, 2021 8:51am May 4, 2021 8:51am
[quote = Smmtrader; 13522651] {quote} Grazie . Si spera che continui ad allenarsi. Ho inserito un ACQUISTO su USDCAD e VENDO su CADJPY Guardando EURCAD per un ACQUISTO. {image} [/ quote]

Me too, on USDCAD since yesterday while CADJPY and EURCAD since this morning
  • #70
  • May 4, 2021 8:55am May 4, 2021 8:55am
Quoting gf233
[quote = Smmtrader; 13522651] {quote} Grazie . Si spera che continui ad allenarsi. Ho inserito un ACQUISTO su USDCAD e VENDO su CADJPY Guardando EURCAD per un ACQUISTO. {image} [/ quote] Me too, on USDCAD since yesterday while CADJPY and EURCAD since this morning
Entered BUY on EURCAD now.
  • #71
  • May 4, 2021 9:14am May 4, 2021 9:14am
[quote = Smmtrader; 13522719] {quote} Inserito ACQUISTA su EURCAD adesso. [/ quote]
I thought about these TP...

USDCAD 1.2390
CADJPY 88.05
EURCAD 1.4890

What do you think about it?
  • #72
  • May 4, 2021 9:28am May 4, 2021 9:28am
Quoting gf233
[quote = Smmtrader; 13522719] {quote} Inserito ACQUISTA su EURCAD adesso. [/ quote] I thought about these TP... USDCAD 1.2390 CADJPY 88.05 EURCAD 1.4890 What do you think about it?
USDCAD has a potential resistance @ 1.2364
CADJPY has a potential support @ 88.27
EURCAD has a potential resistance @ 1.4890

I am thinking of moving SL to BE on the individual trades at those points.

I have not set a specific TP levels yet. I am thinking of observing the PA at those areas as well as the TL's i had drawn using 30, 45, 60 and 75 degree angles (to the horizontal) and decide.

Also since this is NFP week, i might just exit all trades around end of London session on Wednesday. Usually the volatility is very low after that point until after the NFP news.
  • #73
  • May 4, 2021 9:36am May 4, 2021 9:36am
Moved SL to BE on EURUSD SELL trade

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  • #74
  • May 4, 2021 9:40am May 4, 2021 9:40am
[quote = Smmtrader; 13522816] {quote} USDCAD ha una potenziale resistenza @ 1.2364 CADJPY ha un potenziale supporto @ 88.27 EURCAD ha una potenziale resistenza @ 1.4890 Sto pensando di spostare SL a BE sulle singole operazioni in quei punti. Non ho ancora impostato livelli TP specifici. Sto pensando di osservare l'AP in quelle aree così come i TL che avevo disegnato usando angoli di 30, 45, 60 e 75 gradi (rispetto all'orizzontale) e decidere. Inoltre, poiché questa è la settimana NFP, potrei semplicemente uscire da tutte le negoziazioni intorno alla fine della sessione di Londra mercoledì. Di solito la volatilità è molto bassa dopo quel punto fino a dopo le notizie NFP. [/ Quote]

Let's see how it goes ... they were doing well but now they're coming back, let's hope they don't take the SL
  • #75
  • May 4, 2021 12:42pm May 4, 2021 12:42pm
Entered GBPCAD BUY (partial position, will add more if price goes lower, retests and rejects)

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  • #76
  • May 4, 2021 12:45pm May 4, 2021 12:45pm
Quoting gf233
[quote = Smmtrader; 13522816] {quote} USDCAD ha una potenziale resistenza @ 1.2364 CADJPY ha un potenziale supporto @ 88.27 EURCAD ha una potenziale resistenza @ 1.4890 Sto pensando di spostare SL a BE sulle singole operazioni in quei punti. Non ho ancora impostato livelli TP specifici. Sto pensando di osservare l'AP in quelle aree così come i TL che avevo disegnato usando angoli di 30, 45, 60 e 75 gradi (rispetto all'orizzontale) e decidere. Inoltre, poiché questa è la settimana NFP, potrei semplicemente uscire da tutte le negoziazioni intorno...
I will wait till end of London session tomorrow before taking a decision to stay or exit. In the meantime, if the market takes out the SL, i will wait for the next opportunity.
  • #77
  • May 5, 2021 1:30pm May 5, 2021 1:30pm
Notice how USDCAD had done a crack and snap on H4 (bullish pattern).
  • #78
  • Last Post: Jul 11, 2022 2:32am Jul 11, 2022 2:32am
Wish this thread was still active

I am trading similar way
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