(binned per thread starter’s request) GEfx Trading Journal

Keeping an eye on the EA now, too. Set up is in place and waiting for a buy on that pair. Sorry I can't post that one but a trade there is coming up soon...maybe

Sorry but I got involved in a meeting with the trading group I belong to. I am currently in EU trades, and took +50 pips on the earlier GA trade. I will put together a summary shortly. Again, I am actively trading while trying my best to post here, and throw in the trading discussions with the group and I just lost track of things. Later guys.

Edit: I think the EA has run out of gas...three tries to break North and all have failed. 1.6997 is the average entry, so I am moving my stop on these two trades to that price.

OK, I tried to be a little more contemporaneous with my posts today. I got bogged down for a few hours but tried to put in more on analysis, set up, and trades. It's a little tricky to save chart images, open the chart in Paint, make comments, save it, and then post it on FF. But I will try to get about 2 minutes faster in that process. When I am looking at 2 or more pairs, I may only post analysis or set ups. Anyway, I hope this was easier to follow along.

Edit on the EA: it is getting a little whippy here so I may jump out. But technical are coming around to supportive again so I have to decisions to make. In fact, I am taking trade 1 our now with +75 pipx, leaving trade 2 running for a bit longer.

Skipping trade 3 and moving stop on trade 2 to 1.7056. New targets on the 1H chart at 1,7126, then 1.7212.

My approach is to keep my analysis simple, but it takes some time to simplify my analysis once I've thought through structure and PA. Analysis includes both TA and FA, and when necessary, include a look to other pairs. Simplify the analysis to represent what is happening within structure, and extrapolate from there. Wait for set ups, then trade only where set ups can be accommodated by structure. If your anticipated PA unfold as planned, keep trading until it stops. If PA does not unfold as planned, stop trading and wait (my first trade today had a 30 pip stop, which is a small price to pay for miss timing the market or just being wrong). Don't move until you see it (if you see the targets correctly and anticipate the move correctly, there are hundreds of pips per day to capture). There is no magic here, but it requires a traders mentality, which, unfortunately, is sorely lacking at FF. Stop thinking like the losers on FF and start think like a banker.


Attachment f

For all of us who were short the GA this morning: Thank You Chairman Powell.

Two very good trading days and I'm taking a day or 2 off. Good trading to whoever's reading this.

Still doing my Sunday morning chart work. FA reading is ongoing this morning. The virus panic is picking up steam. The 10Y yields have been falling like a rock, along with equity prices. In addition, we are seeing the opening salvos in a oil supply/price war. So, expect lots of volatility in the market tonight and into tomorrow. Crushing oil may be seen in the CAD and GBP. Keep an eye on FA and consider the impact on your technical.

Please continue your journal.

My nerves will never could stay position so long time. Because of background of trading ES during open 30 seconds to 1 min horizon.
Today have been reading your journal and it is interesting. Sometimes i see same levels, and i dont have words how i pick them.
You and Rick talking 1 tier 2 tier bankers, i dont have no clue what you are talking about, because i have been working stock markets, before.
It would be nice to understand at least little bit , is some areas made by whom or think maybe.

The way how i trade its good for me i just look some areas which are giving me nice pull back, and try to avoid times where are some noise.

Never thinking these kind of things before, but reading your posts, Started thinking big picture behind it.

Just entered a trade on the GA, with entry at 1.8238, stop at 1.8263. Chart to follow, but this is an attempt to re-enter both trades from yesterday, which are posted above. Targeting 1.8158 and 1.8144. From yesterday, I am up 137 pips on the GA, so I am risking 25 pips against that gain.

Second GA trade went in at 1.8248, stop moved to 1.8287. But later moved stop to 1.8267. Now waiting for confirmation of trades before entering third trade.

Edit: just exited trade 1 at b/e. Trade 2 still running, but the GA is stuck in a tight range, so cutting my exposure now.

Edit2: second trade was removed at 1.8340. I was watching the pair just before the FA by Vlieghe. Watching the market now before US GDP.