Rearden's Journal

03 Mar

No trades as of yet. The prices has come down to the edges and closed up. Today I will see if the market gives me an action at the Pivot.

The PA for 02 May is similar to the 12 April action which I also missed. I will look out for this kind of PA again and get involved next time. No trades for the week as of now.

The price was in a range last There was opportunity from the edges to the middle. On 3rd May, there was PA which was similar to 12th May and the prices went to the 26 April high. The price has come down and is now under the MA. I will wait for the price to show me a good PA to long and then I will enter.

09 May

I entered a long yesterday and closed it when it was retracing back from the Friday high. Closed at +15 pips.


For today I will wait for the price to reach the edges since the price is in MOC. The MA is to the downside.

I took a long yesterday. I exited it slightly earlier when i saw the volatility of the news. I think my second entry was also slightly early. I should have entered it from the previous daily low.

15 may 2023 No bias week, Down move.

I will looking for a short from pivot and MA. The price has actually reached the previous low from first week of April. I will see how it reacts and the pivot and MA and how the price reacts at the Friday low on the way back down.

16 May
No bias

I exited the trade from pivot since price is not breaking lower. I had moved the second entry further up. For today, the price pened above the pivot and I will wait for price to show me some action to get involved.

19 May

I traded yesterday. But took profit early at the 17th low area

Weekly Summary

I was able to end the week positive. But I missed few opportunities. I think I still do a lot of interpretation by myself which the chart didn't show. The trade that I took on 18th was same as the opportunity on 17th which I doubted. This is is something I have to work on.

23 May
No bias week- Down move

The price is holding above the MA. It has also held above the aggressive swing. The price is in a down move but in the middle of the range. I will wait for the price to give an action for short at yesterday high or at the white line. I will be very careful with this since I don't see a lot of selling pressure. The MA is moving up. I may still miss a down move. But I don't think the price is at the right place for a short.

25 May, No Bias down move

I took a trade yesterday.

30 May
No Bias week. Down move

I took a short yesterday and closed at 25 pips. The price is within the Friday range. the price didn't break lower yesterday. I will wait for the price to retrace higher before taking any short. I will also watchout for what happens at the MA area.

I didnt manage to get any trade for the past week until yesterday. I managed to take on when price recaptured the MA and weekly open

20 June
I didnt get a chance to trade for past week.

For today, the market is below the MA. But this week is an up bias week and currently in up move. I will wait for the price to show some bullish strength before going long.

I will be resuming the exercise this week.

No Bias week.

Market in up move but below MA. .. I have placed a PO at pivot and near the white line.

Since the market didn't make a new high and also held below the MA, I moved down my entry to the white line.

Got +37 pips . No trades for today. This was closed today morning.

I have entered a #3 short

This is a no bias week. The price above MA and in a range. There is a chance that the market will go up to the white line at the 1045. Since the price is in a down move, I will wait for a short until price reach there. I will also see the price at the previous daily high.

Love this "keep It simple" trade ideas.

Do you take a look at the potential risk reward ratio before opening a trade?

What's your thought process to take profit and stop loss?