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Harmonic Wave Journal

  • #281
  • May 21, 2007 2:38am May 21, 2007 2:38am
Opportunity #G16/07 (re-entry)
GBP/USD Long
3 parts
Entry: 1.9714
Stop (initial): 1.9664

LOL again, end of wave C down.

Update 1: Set TP1 at 1.9774 for +35 (canceled).
Update 2: S/L tightened to 1.9730 (guarantees -9).
Update 3: Took 1st profit at 1.9770 (+31). S/L tightened to 1.9735 (guarantees -4).
Update 4: Blasted by bad retail sales (-4 x2). Re-entry at 1.9714, initial stop at 1.9664.
Update 5: Took 1st profit at 1.9735 (+21). S/L tightened to 1.9699 (guarantees -15).
Update 6: Took 2nd profit at 1.9775 (+61). S/L tightened to 1.9720 (guarantees +6).
Update 7: Stopped out at 1.9720 (+6). What a start of new week.

Total gain: +111
Tra-X
  • #282
  • May 21, 2007 5:32am May 21, 2007 5:32am
Opportunity #E9/07 (re-entry)
EUR/USD Long
3 parts
Entry: 1.3468
Stop (initial): 1.3428

End of mini wave 2 down?

Update 1: S/L tightened to 1.3474 (guarantees -8). Set TP1 at 1.3512 for +30.
Update 2: S/L tightened to 1.3480 (guarantees -2). TP1 was hit at 1.3512 (+30).
Update 3: Out at 1.3480 (-2 x2). Re-entry at 1.3468, initial stop at 1.3428. Missed the USD/JPY Short!
Update 4: S/L tightened to 1.3462 (guarantees -6).
Update 5: Took 1st profit at 1.3492 (+24).
Update 6: Took 2nd profit at 1.3518 (+50). S/L tightened to 1.3480 (guarantees +12).
Update 7: Out also at 1.3480 (+12).

Total gain: +112
Tra-X
  • #283
  • May 21, 2007 5:55am May 21, 2007 5:55am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Opportunity #E10/07
EUR/USD Long
3 parts
Entry: 1.3441
Stop (initial): 1.3401

Let's try again, lol.
Tra-X
  • #284
  • May 21, 2007 11:16am May 21, 2007 11:16am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Update 1: S/L tightened to 1.9675 (guarantees -9). TP1 set at 1.9719 for +35.

Opportunity #E10/07
EUR/USD Long
3 parts
Entry: 1.3441
Stop (initial): 1.3401

Update 1: S/L tightened to 1.3436 (guarantees -5). TP1 set at 1.3471 for +30.

Let's try again, lol.
Tra-X
  • #285
  • May 22, 2007 1:47am May 22, 2007 1:47am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Update 1: S/L tightened to 1.9675 (guarantees -9). TP1 set at 1.9719 for +35.
Update 2: TP1 was hit (+35). S/L tightened to 1.9700 (guarantees +16).

Opportunity #E10/07
EUR/USD Long
3 parts
Entry: 1.3441
Stop (initial): 1.3401

Update 1: S/L tightened to 1.3436 (guarantees -5). TP1 set at 1.3471 for +30.
Update 2: TP1 was hit (+30). S/L tightened to 1.3451 (guarantees +10).

Let's try again, lol.
Tra-X
  • #286
  • May 22, 2007 3:34am May 22, 2007 3:34am
You are well on the way to another two fantastic trades on the back of great timing of entries. Have you got numbers at your finger tips as to your win/loss % and total winnings? I'd be interested if you have.

Anyway thanks again for a great thread. It should be compulsory viewing for all newbies!!

You describe yourself as a newbie, seems hard to believe??
  • #287
  • May 22, 2007 5:24am May 22, 2007 5:24am
Opportunity #E10/07
EUR/USD Long
3 parts
Entry: 1.3441
Stop (initial): 1.3401

Update 1: S/L tightened to 1.3436 (guarantees -5). TP1 set at 1.3471 for +30.
Update 2: TP1 was hit (+30). S/L tightened to 1.3451 (guarantees +10).
Update 3: Stopped out at 1.3451 (+10 x2). The Cable long hasn't been stopped out yet, EUR/GBP is going down today. Interesting.

Let's try again, lol.

Total gain: +50
Tra-X
  • #288
  • May 22, 2007 5:35am May 22, 2007 5:35am
Quoting Vantage
You are well on the way to another two fantastic trades on the back of great timing of entries. Have you got numbers at your finger tips as to your win/loss % and total winnings? I'd be interested if you have.

Anyway thanks again for a great thread. It should be compulsory viewing for all newbies!!

You describe yourself as a newbie, seems hard to believe??
Well, the EUR/USD Long is out already, lol. Forex is always unexpected right.
I've only been doing this journal since last month, so not many trades were done till now. Roughly, the win/loss ratio is at 50/50 I guess, assuming that all trades stopped out with S/L at negative pips (but not necessarily at overall loss since this system divides a trade into parts) count as losers. Total net gain in pips so far is about 2200 since the start of journal.
Good luck on your trades, and keep posting those res/sup levels, lol.

PS: Yep I'm really still new to forex, a year ago I was still forex-blind.
Tra-X
  • #289
  • May 22, 2007 7:44am May 22, 2007 7:44am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Update 1: S/L tightened to 1.9675 (guarantees -9). TP1 set at 1.9719 for +35.
Update 2: TP1 was hit (+35). S/L tightened to 1.9700 (guarantees +16).
Update 3: S/L tightened to 1.9709 (guarantees +25).

Let's try again, lol.
Tra-X
  • #290
  • Edited May 23, 2007 4:14am May 22, 2007 9:35am | Edited May 23, 2007 4:14am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Update 1: S/L tightened to 1.9675 (guarantees -9). TP1 set at 1.9719 for +35.
Update 2: TP1 was hit (+35). S/L tightened to 1.9700 (guarantees +16).
Update 3: S/L tightened to 1.9709 (guarantees +25).
Update 4: Took 2nd profit at 1.9759 (+75). S/L tightened to 1.9725 (guarantees +41).

Let's try again, lol.
Tra-X
  • #291
  • May 22, 2007 12:08pm May 22, 2007 12:08pm
Still stuck inside the down channel. Will it test the upper line again next?
Attached Image
Tra-X
  • #292
  • May 23, 2007 3:33am May 23, 2007 3:33am
Opportunity #E11/07
EUR/USD Long
3 parts
Entry: 1.3418
Stop (initial): 1.3378

End of mini wave C down (?).
Tra-X
  • #293
  • May 23, 2007 4:47am May 23, 2007 4:47am
Quoting Traex
Opportunity #E11/07
EUR/USD Long
Entry: 1.3418

End of mini wave C down (?).

How the heck do you always catch these lows by 2 pips?
My entry was 1.3427! After spread, of course

Can we get this to move to 1.37, whatcha think? ;p
Trust price. Know yourself.
  • #294
  • Edited 5:54am May 23, 2007 4:53am | Edited 5:54am
Opportunity #E11/07
EUR/USD Long
3 parts
Entry: 1.3418
Stop (initial): 1.3378

End of mini wave C down (?).

Update 1: S/L tightened to 1.3415 (guarantees -3).
Update 2: Took 1st profit at 1.3448 (+30).
Tra-X
  • #295
  • May 23, 2007 4:58am May 23, 2007 4:58am
Quoting SeekingLight
How the heck do you always catch these lows by 2 pips?
My entry was 1.3427! After spread, of course

Can we get this to move to 1.37, whatcha think? ;p
Well I guess that was luck lol. Somemore, it's 61.8% retracement of 1.3254 - 1.3682 also.
About 1.37 or not, this pair kept breaking lows so far so we just put a bet on it.
Tra-X
  • #296
  • May 23, 2007 5:53am May 23, 2007 5:53am
Opportunity #G17/07
GBP/USD Long
3 parts
Entry: 1.9684
Stop (initial): 1.9634

Update 1: S/L tightened to 1.9675 (guarantees -9). TP1 set at 1.9719 for +35.
Update 2: TP1 was hit (+35). S/L tightened to 1.9700 (guarantees +16).
Update 3: S/L tightened to 1.9709 (guarantees +25).
Update 4: Took 2nd profit at 1.9759 (+75). S/L tightened to 1.9725 (guarantees +41).
Update 5: Took last profit at 1.9818 (+134). Trade is closed.

Total gain: +244

Let's try again, lol.
Tra-X
  • #297
  • May 23, 2007 6:29am May 23, 2007 6:29am
your journal very incredible ..

mantap bangat kalau bahasa indo nya .. but i late to follow .. hehehe .. anyway , you are going to become chosen trader among world trader for me .
  • #298
  • May 23, 2007 6:52am May 23, 2007 6:52am
Just stunned, that last EUR trade unbelieveable!!
  • #299
  • May 23, 2007 6:53am May 23, 2007 6:53am
Quoting Traex
Well I guess that was luck lol. Somemore, it's 61.8% retracement of 1.3254 - 1.3682 also.
About 1.37 or not, this pair kept breaking lows so far so we just put a bet on it.
You seem to get lucky a hell of a lot!!
  • #300
  • May 23, 2007 6:56am May 23, 2007 6:56am
Quoting Traex
Still stuck inside the down channel. Will it test the upper line again next?
Yes its about to test .9875, .9867 at the moment.
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