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MY Journal-phil13

  • #2,021
  • Aug 2, 2023 1:12am Aug 2, 2023 1:12am
again another demo to show a trade entry and what i look at, with a trade like this we must be aware of not being in sync in H1 but one thing does and should not determine a trades value, there are other factors that are suggestive of a further move down in G/U in the recent price action.

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i will try to update later as i am in and out doing stuff today.

happy hunting my friends..
-be careful about what you allow to be put in your mind-
  • #2,022
  • Aug 2, 2023 1:42am Aug 2, 2023 1:42am
exit point and wait for next sync...

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-be careful about what you allow to be put in your mind-
  • #2,023
  • Aug 2, 2023 7:09am Aug 2, 2023 7:09am
pre-news battlefield IMHO........
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look at trend in hourly charts.......
-be careful about what you allow to be put in your mind-
  • #2,024
  • Edited 8:19am Aug 2, 2023 8:08am | Edited 8:19am
again this is just for demo as i have no skin on the battlefield and will not be trading until i get back in sept, i would be looking to move stops to B/E as soon as safe to, possible targets and why are on the H1 chart with the daily bar overlays.

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hope some of you pre scout plan of the battlefield then scouted the possible trade and jumped on this trade.

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happy hunting my friends...

EDIT... note keep an eye on usdx for in sync or sign of exit to get most the move/trade pips.
-be careful about what you allow to be put in your mind-
  • #2,025
  • Aug 2, 2023 8:52am Aug 2, 2023 8:52am
these posts and tips are really helpful. Thank you phil for your time.
  • #2,026
  • Aug 2, 2023 9:44am Aug 2, 2023 9:44am
Quoting dbrown101
these posts and tips are really helpful. Thank you phil for your time.

no problem my friend, as i said the questions people ask me help me figure out where my explanations may not be so clear, so thank thank you for your input.

london close now so usually see some profit taking, sometime a a good to place to exit and find a new entry, BOE rates tomorrow .25% already priced in and expecting a slower pace of rise so watch the statement tomorrow.

let the sync guide you, G/U made a reversal suggestion but usdx not in sync agreement yet so watch closely, i suspect a break of next previous low i marked to be broken first though.... but that is just my opinion, and we know what are good friend fti thinks about opinions, follow clues not guesses.
-be careful about what you allow to be put in your mind-
  • #2,027
  • Edited 11:03am Aug 2, 2023 10:53am | Edited 11:03am
Quoting phil13
{quote} no problem my friend, as i said the questions people ask me help me figure out where my explanations may not be so clear, so thank thank you for your input. london close now so usually see some profit taking, sometime a a good to place to exit and find a new entry, BOE rates tomorrow .25% already priced in and expecting a slower pace of rise so watch the statement tomorrow. let the sync guide you, G/U made a reversal suggestion but usdx not in sync agreement yet so watch closely, i suspect a break of next previous low i marked to be broken...

Yes, I think the signals for entry/exit are helpful in what to look for and go about trading it and what you are also looking to see in usdx along side gbp.


also, was the reversal suggestion you are talking about the bullish engulf above the pin at 1.2695?
  • #2,028
  • Aug 2, 2023 11:25am Aug 2, 2023 11:25am
chart to explain what i saw as it was a while ago now.....

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-be careful about what you allow to be put in your mind-
  • #2,029
  • Aug 2, 2023 11:33am Aug 2, 2023 11:33am
Quoting phil13
chart to explain what i saw as it was a while ago now..... {image}
ya, I saw that too and did a little flip long at the bottom using small skews to add in case I was wrong. Thought thats what you were talking about. Thank you
  • #2,030
  • Aug 2, 2023 12:03pm Aug 2, 2023 12:03pm
Quoting dbrown101
{quote} ya, I saw that too and did a little flip long at the bottom using small skews to add in case I was wrong. Thought thats what you were talking about. Thank you

way to go my friend.....

Phil.
-be careful about what you allow to be put in your mind-
  • #2,031
  • Aug 3, 2023 1:16am Aug 3, 2023 1:16am
today's charts............. BOE rates and statement later.

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the move from the the news will be measured on the basis of what is known/expected and any differences or surprises between these 2 factors. so what is priced in and what is not priced in. so an example of a priced in move would be a little move then continuation or a big hunt followed by a return to the pre news price then continuation. a move that holds the price and does not return to the pre news levels means something unexpected was in the release or some big players are at work using the liquidity that the news provides for their trades.
-be careful about what you allow to be put in your mind-
  • #2,032
  • Aug 3, 2023 10:38am Aug 3, 2023 10:38am
the news played out in one of the ways i described above, first 5min bar done a quick full retrace so algo was turned off and then the traders took over hence the hunts, now it looks like H1 is trying to turn but the MA;s in both charts are against this turn. NFP tomorrow...

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happy hunting, personally i would wait for tomorrows news before trading but that is just my way.
-be careful about what you allow to be put in your mind-
  • #2,033
  • Aug 4, 2023 12:38am Aug 4, 2023 12:38am
today's charts.......... NFP TODAY..

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charts in sync atm, but daily's are still G/U bearish atm.... imho is likely to drift until news release.
-be careful about what you allow to be put in your mind-
  • #2,034
  • Aug 4, 2023 7:53am Aug 4, 2023 7:53am
demo of the news trade, using what i have already described in posts above.....

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-be careful about what you allow to be put in your mind-
  • #2,035
  • Aug 4, 2023 8:19am Aug 4, 2023 8:19am
hit and run news trade done..........

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hope you all caught some pips off this move, have a good weekend and enjoy yourselves my friends.
-be careful about what you allow to be put in your mind-
  • #2,036
  • Aug 6, 2023 8:56am Aug 6, 2023 8:56am
how we ended in the charts last week and my thoughts about them............

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-be careful about what you allow to be put in your mind-
  • #2,037
  • Aug 7, 2023 5:29am Aug 7, 2023 5:29am
i would be watching this action now closely here........

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-be careful about what you allow to be put in your mind-
  • #2,038
  • Edited 7:05am Aug 7, 2023 6:14am | Edited 7:05am
demo to show how i would of found an entry.......

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EDIT......... now stops are breakeven.
-be careful about what you allow to be put in your mind-
  • #2,039
  • Aug 7, 2023 7:45am Aug 7, 2023 7:45am
. was a good run. Unforunately I woke up too late to hop on it. The pits of trading from the west coast (worst time zone to trade probably). Funny, I've been meaning to ask if you are still using the wave counts.



also, three bar rising momentum on hourly forming...
  • #2,040
  • Aug 7, 2023 9:18am Aug 7, 2023 9:18am
it must be my luck day, every time i get back and open the laptop we hit a top/bottom...... done.

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if you are still using the wave counts. also, three bar rising momentum on hourly forming...

yes on both question my friend, i keep an eye on counts mainly in hourly.
-be careful about what you allow to be put in your mind-
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