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RE: Georges001 Trading Journal

  • #41
  • Aug 4, 2022 1:14am Aug 4, 2022 1:14am
Quoting Georges001
Another trade taken a BUY order that is counter trend on the NZD/JPY based on: a) TREND: Counter trend, but applied the 4-Hour EMA & P.Sar Confirmation, and coming from a key support level marked with thick line. b) LEVEL; KEY S&R support Level at 82.25 zone which is marked with a thick line. c) Signal: Large Bullish Pin bar on the Daily Chart. and use of the 4-Hour combination. See Daily Chart below: {image} See 4 Hour Chart Below: {image}
This round the unfolding was fast huh! Its the market anyway, no one knows what next. We are almost at TP;

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 14 KB
  • #42
  • Aug 4, 2022 3:32am Aug 4, 2022 3:32am
Your system is simple impressive and too the point . So you take entry by using 4H timeframe candlestick pattern with Sar indicator? I usually don't like Moving averages but after watching your system I will check 21 EMA in my trading .

I also want to start my personal trading Journal here but I think FF is not permitting to do that , I guess new member is the cause. I hope it will permit me to start my personal trading Journal here.
  • #43
  • Aug 5, 2022 12:49am Aug 5, 2022 12:49am
Quoting azrfx
Your system is simple impressive and too the point . So you take entry by using 4H timeframe candlestick pattern with Sar indicator? I usually don't like Moving averages but after watching your system I will check 21 EMA in my trading . I also want to start my personal trading Journal here but I think FF is not permitting to do that , I guess new member is the cause. I hope it will permit me to start my personal trading Journal here.
Hi Azrxx, Thank you!

The key to success in forex trading is to indeed keep things simple. My analysis is on the weekly and daily charts (The Big charts) but the entry is made using the 4-hour chart in the direction suggested by the Daily Chart Price action. So entry conditions include price breaking and closing above or below the 21-Day EMA on the 4 hour charts and P.Sar dots supporting/confirming the same.

If you are a new member, continue to make good posts in the forum and soon you will get an opportunity to start a new thread. We all started there.
I wish you the best!
  • #44
  • Aug 5, 2022 12:51am Aug 5, 2022 12:51am
Quoting Georges001
{quote} This round the unfolding was fast huh! Its the market anyway, no one knows what next. We are almost at TP; {image}
Made my exit from the trade at 84.60 after the long bullish candle to avoid the pull back that would occur as price had hit the 21-Day EMA on the Daily chart (That netted slightly close to 2R Return).

Today is Non-Farm Payroll (NFP) Day! Its a holiday for me unless some very obvious price action set up unfolds. Currently am out with no position in the market.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDJPYH4.png Size: 23 KB
  • #45
  • Aug 10, 2022 9:48am Aug 10, 2022 9:48am
Took a short order on the GBP/JPY pair based on the following:
a) Trend on the Daily Chart: We are stepping lower indicating bears are also pushing back attempts by bulls to go up.
b) Level: Price is at 21-Day EMA and it broke the 163.28 support level then retested it forming a large bearish tailed bar, then now 2 bearish pin bars also rejecting the 21-Day EMA and support turned resistance at 163.28.
c) Signal: The Two bearish pin bars that followed the large bearish tailed bar.

Took it after 4-hour signaled a sell from P.Sar and price breaking below the EMA. There were USD news prior to this that shook the dollar abit, by the show of the candles on 4-Hour charts.

Daily Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: GBPJPYDaily.png Size: 13 KB

4 Hour Chart:
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #46
  • Aug 12, 2022 6:12am Aug 12, 2022 6:12am
Have taken a sell order on EUR/USD when price stalled after hitting KEY Resistance at 1.0359 (marked as a thicker line). Had waited patiently since yesterday to see how the market would react at the key resistance level.

My TLS Criteria:

TREND/ MARKET BIAS: More of a trading range in the short term but long term trend is bearish.
LEVEL : We have KEY Resistance at 1.0359
SIGNAL: Bearish tailed bar on Daily Chart.

Entry: Took it after the 4-Hour Chart confirmation of price below EMA & P. Sar supports bears.

Daily Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDDaily.png Size: 12 KB

4 Hour Chart:
Attached Image (click to enlarge)
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  • #47
  • Edited 6:16am Aug 15, 2022 2:03am | Edited 6:16am
Quoting Georges001
Took a short order on the GBP/JPY pair based on the following: a) Trend on the Daily Chart: We are stepping lower indicating bears are also pushing back attempts by bulls to go up. b) Level: Price is at 21-Day EMA and it broke the 163.28 support level then retested it forming a large bearish tailed bar, then now 2 bearish pin bars also rejecting the 21-Day EMA and support turned resistance at 163.28. c) Signal: The Two bearish pin bars that followed the large bearish tailed bar. Took it after 4-hour signaled a sell from P.Sar and price breaking...
Picture this:
On the Daily chart the trend is down for the GBP/JPY and on the 4_hour chart we have a clean PIN BAR rejecting the EMA on the way down.

An intra-day trade on the 4-Hour would result in a solid 3 to 1 (3R) Return as per image below.
That's how I should trade Intra Day, this is a second chance entry.

Attached Image (click to enlarge)
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  • #48
  • Edited 10:04pm Aug 15, 2022 6:20am | Edited 10:04pm
Quoting Georges001
Have taken a sell order on EUR/USD when price stalled after hitting KEY Resistance at 1.0359 (marked as a thicker line). Had waited patiently since yesterday to see how the market would react at the key resistance level. My TLS Criteria: TREND/ MARKET BIAS: More of a trading range in the short term but long term trend is bearish. LEVEL : We have KEY Resistance at 1.0359 SIGNAL: Bearish tailed bar on Daily Chart. Entry: Took it after the 4-Hour Chart confirmation of price below EMA & P. Sar supports bears. Daily Chart: {image} 4 Hour Chart: {image}...
A picture is worth a thousand words.

Am out with a 2R Return on the trade.

Attached Image (click to enlarge)
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  • #49
  • Aug 22, 2022 10:08pm Aug 22, 2022 10:08pm
Quoting Georges001
Have taken a sell order on EUR/USD when price stalled after hitting KEY Resistance at 1.0359 (marked as a thicker line). Had waited patiently since yesterday to see how the market would react at the key resistance level. My TLS Criteria: TREND/ MARKET BIAS: More of a trading range in the short term but long term trend is bearish. LEVEL : We have KEY Resistance at 1.0359 SIGNAL: Bearish tailed bar on Daily Chart. Entry: Took it after the 4-Hour Chart confirmation of price below EMA & P. Sar supports bears. Daily Chart: {image} 4 Hour Chart: {image}...
Market movement after hitting key resistance. Damn! The USD has really gained a lot wow!

Attached Image (click to enlarge)
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  • #50
  • Aug 31, 2022 4:40am Aug 31, 2022 4:40am
Have taken a sell order on AUD/JPY when price stalled after hitting KEY Resistance at 95.68 (marked as a thicker line).

My TLS Criteria:

TREND/ MARKET BIAS: More of a trading range as the price has failed to break through 95.68 since March 2022.
LEVEL : We have KEY Resistance at 95.68
SIGNAL: Bearish tailed bar on Daily Chart poking through the key-resistance level.

Entry: Took it on the 4-Hour Chart after this short term chart showed a confirmation of price below EMA & P. Sar supports bears.

Daily Chart:
Attached Image (click to enlarge)
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  • #51
  • Sep 2, 2022 6:16am Sep 2, 2022 6:16am
Quoting Georges001
Have taken a sell order on AUD/JPY when price stalled after hitting KEY Resistance at 95.68 (marked as a thicker line). My TLS Criteria: TREND/ MARKET BIAS: More of a trading range as the price has failed to break through 95.68 since March 2022. LEVEL : We have KEY Resistance at 95.68 SIGNAL: Bearish tailed bar on Daily Chart poking through the key-resistance level. Entry: Took it on the 4-Hour Chart after this short term chart showed a confirmation of price below EMA & P. Sar supports bears. Daily Chart: {image}
Trade exited at breakeven point early today due to the following reasons:
a) Price stalled for three days since 30th Aug with no movement, due to the USD strengthening factor where AUD/USD was pulling down massively and USD/JPY was pushing up massively, thus choppy on AUD/JPY.
b) Non-farm payroll was coming out today and had no profits to lock!

**We live to fight another day! Happy weekend guys.
  • #52
  • Oct 26, 2022 9:27pm Oct 26, 2022 9:27pm
A Lesson to Note.
Looking at the below GBP/USD Daily Chart, price rejected the 1.1444 key resistance level and on the first rejection, a 2R return was possible.

But the bears were not able to make a new low and bulls pushed the price back to the résistance. This second attempted rejection without making a lower low was not so successful as bulls really carried the day.

This means the second attempt trade is not such a good idea in such a case thus I better not take the trade & stay on the sidelines.

Attached Image (click to enlarge)
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  • #53
  • Nov 8, 2022 8:31pm Nov 8, 2022 8:31pm
A sell order placed on West Texas Intermediate (WTI) oil futures....Huh? Hmmmm....Based on the following factors:
a) Trend: Price yet to establish a clear uptrend and constrained below the key resistance at 93.50 (See daily chart below), so its still on a range.
b) Level: Market rejected the KEY RESISTANCE at 93.50
c) Signal: Bearish tailed Daily Candle stick that rejected the key resistance area.

Took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears.

Daily Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: WTI.fsDaily.png Size: 12 KB

4-Hour Chart:
Attached Image (click to enlarge)
Click to Enlarge Name: WTI.fsH4.png Size: 13 KB
  • #54
  • Nov 9, 2022 9:21pm Nov 9, 2022 9:21pm
Quoting Georges001
A sell order placed on West Texas Intermediate (WTI) oil futures....Huh? Hmmmm....Based on the following factors: a) Trend: Price yet to establish a clear uptrend and constrained below the key resistance at 93.50 (See daily chart below), so its still on a range. b) Level: Market rejected the KEY RESISTANCE at 93.50 c) Signal: Bearish tailed Daily Candle stick that rejected the key resistance area. Took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears.
Rejection of KEY Support and Resistance seems to offer higher probabilities (both in trending and non-trending markets) than minor zones, which should only be picked in the direction of the trend. See below result, a +3R return possible though I bailed out at almost +2R.

Attached Image (click to enlarge)
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  • #55
  • Dec 16, 2022 2:19am Dec 16, 2022 2:19am
A sell order placed on Dow Jones 30 Futures Index (DJ30).. Based on the following factors:
a) Trend: Price still in a bullish uptrend so it was counter-trend, but the Huge Sell Pin bar was something worth looking at.
b) Level: Market rejected the KEY RESISTANCE ZONE at 34000
c) Signal: We have a Huge Bearish Pin Bar.

* Being a counter-trade, I took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears.
Out with +1.5R and am happy to build my confidence in these kind of set-ups.

Hope this move triggers the bears to start a bearish trend, we been having bulls the whole of November 2022 as the dominant players.

Attached Image (click to enlarge)
Click to Enlarge Name: DJ30.fsDaily.png Size: 13 KB

4-Hour chart:
Attached Image (click to enlarge)
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  • #56
  • Jan 19, 2023 5:18am Jan 19, 2023 5:18am
A sell order placed on NZD/USD Pair and its Based on the following factors:
a) Trend: Price still in a bullish uptrend so it was counter-trend, the HUGE BEARISH PIN BAR was something worth looking at.
b) Level: Market rejected the KEY RESISTANCE ZONE at 0.6523 forming sort of a double top
c) Signal: We have a Huge Bearish Pin Bar.

* Being a counter-trade, I took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears.
Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #57
  • Jan 30, 2023 9:04pm Jan 30, 2023 9:04pm
Quoting Georges001
A sell order placed on NZD/USD Pair and its Based on the following factors: a) Trend: Price still in a bullish uptrend so it was counter-trend, the HUGE BEARISH PIN BAR was something worth looking at. b) Level: Market rejected the KEY RESISTANCE ZONE at 0.6523 forming sort of a double top c) Signal: We have a Huge Bearish Pin Bar. * Being a counter-trade, I took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears.
This one did not materialize and i got stopped out. The bullish trend was so strong it stopped me out like a big locomotive. This forms part of costs of doing business!
  • #58
  • Feb 11, 2023 10:31pm Feb 11, 2023 10:31pm
A sell order placed on AUD/USD Pair and its Based on the following factors:
a) Trend: Price has kicked off a bearish trend by breaking down 0.6995 Major support (marked as thick Line) now turned resistance, the 8-Day EMA has crossed below the 21-Day EMA on the Daily Chart and we have also started forming lower lows.
b) Level: Market rejected the Key Resistance Zone at 0.6995, poked through the 21-Day EMA, showing rejection and thus forming the bearish pin bars;
c) Signal: We have a Bearish Pin Bar that is rejecting the major resistance as well as the 21-Day EMA.

** I took the trade on the 4-Hour chart after price broke below the EMA and P.Sar Dots favoured the bears;
** This concept is actually Aligning short term trend (4 Hour) with the long term trend (Daily Chart)

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
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  • #59
  • Feb 14, 2023 5:46am Feb 14, 2023 5:46am
Quoting Georges001
A sell order placed on AUD/USD Pair and its Based on the following factors: a) Trend: Price has kicked off a bearish trend by breaking down 0.6995 Major support (marked as thick Line) now turned resistance, the 8-Day EMA has crossed below the 21-Day EMA on the Daily Chart and we have also started forming lower lows. b) Level: Market rejected the Key Resistance Zone at 0.6995, poked through the 21-Day EMA, showing rejection and thus forming the bearish pin bars; c) Signal: We have a Bearish Pin Bar that is rejecting the major resistance as well as...
This trade hit the stop loss order and I am taking it as a cost to the business. I followed all rules hence no regrets at all.
  • #60
  • Feb 14, 2023 9:08pm Feb 14, 2023 9:08pm
A long/buy order placed on USD/JPY based on the below facts:
a) Trend: Bullish as higher highs and HL's are forming with the 8-Day EMA above the 21-Day EMA and starting to divulge.
b) Level: Price is back above the 130.40 key resistance turned support.
c) Signal: Two bullish pin bars at 130.40 level.

Entry: the bullish upsurge on 13th Feb 2023 took off while in Tokyo session. I took a retrace on the 14th Feb 2023 after price made a false break of the 21-Day EMA on the 4-hour chart.

Attached Image (click to enlarge)
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