Feist Beginner Journal

Daily
- Dble Btm is forming @ the LTL. Price seems to fail to go further dwn. A pullback/ break out near??? But in view that the current trend is dwn i will wait for the following to go Long (against trend)
- Price needs to go thru the UTL

if not continue to look for short entry

*I will need to learn to be patience....perservation of capital is more critical*:

EUD/USD. No change in trade direction. Continue to go long with caution as its seems to lack momentum now.

I alittle clueless for this pair now....so staying out from making any judgement...

Price is sitting nicely on the 1) Median line 2) Support 0.86954. ..suggesting a possible upward move

Hoever, Price also ryhmes with the shorterm TL...

Short term wise i trying to short (not filled) but once it reach near 200ma/LTL I may look to buy

The EURUSD has moved dwn. Is it a reversal or just a pullback? The previous PB is valid (on hindsight) but its always easier on hindsight...:

The temptation to short was strong..lots of emotion, lots of over-thinking/analysis/para-analysis... but I am trying to pactise the mental aspect of sticking to the trend. So instead of shorting i took the long. Will set my stop below the support 1.4658. Shall see how it goes...

* all on demo*

EUR: -81pips

4hr charts. Price found support...

** Edit: Looking backwards....the long order is a poor trade decision even though i trying to grind the idea of trend trading.....to buy i shld hv waited for a Bullish signal...What am i thinking? Giving excuses again for my own poor decision!..Trading is hard...damn**

Enter long based on PB, TL, Dble Btm and break of resistant.
Adjusted SL to BE. Shall resist the temptation to close the trade manually since price is moving dwnwards.

Another long CHF @.1086.
ADjust SL BE

No change. No action. It has to either break the support, TL and gives a good price signal be it candles or pin... Staying on the side line..

USDJPY
- closed @ 110.36 (fib 38%) // +106pips

price action...

EUR/USD has moved dwnwards after the news. emotionally it is hard to cope. if it hit the support area 1.4658, i close the trade in a loss.

The other crxes has done better, i letting my chf run...

TP hit. Letting the price run.. even when fundamentally speaking i still dollar short bias. see how it goes...

Long EUR order cancel. Decided to be patience and wait for a strong bullish candle if i am to go in. Why? coz of the monthly+weekly charts...maybe EUR will retrace alittle. I shall wait.

today's outlook

Eur : Long. 0.5lot
Gbp : neutral. wait

CHF- looking to go short when it hits the UTL
Jpy - looking to go short when it hits the UTL

Nothing change since fri. Will wait for the market to show me where he is going.

To summarise

1)USDJPY - Mixed. Really need to break out of the triangle. :H&S completed but with the potential to go up a little before it goes dwn. Now i am on the sideline. Here how i intend to play if i do decide to trade
1a) 4hr: Price hitting on 200MA. looking for rejection...if it happens will go short from there. Or b) If price pierce thru ML i will go long with price target close to UTL.


2) EUR/USD+gbp - long. Entered long after the pin.
* onhindsight felt i shld hv waited a little till monday for cable due to the negative news on thurs.

Nothing much happening...mkt emotion building up. Plan to read more into the PA more after tonight NY close and see if any changes since Fri.

4hr
JPY - Looking to short @ 111.78.
CHF - sideline. could go either way, but i like to follow the trend (shrt)

GBP - Long, with TP 2.0420. *this an impatient trade as i see the pin, TLs and confluence of factors w/o considering the general mood+fundamentals of Cable*...how many times i told my self to wait but end up clicking on the mouse! I decided to stick to this trade and see how it work out as i did only enter 1/2 of my usual lot :.

still learning to curb the monster inside me.

EUR - Long. this is little tricky as well but given the strong euro fundamentals and trend trading i gg along with this one as well with tight stop and TP.
Partial TP @1.4669.

Good prosperous to all!

EUR and GBP have moved! Finally.

The confluence factors turned out fine. Trades have moved up.
Have adjusted all SLs with cable having a trailing stop. Closed 70% of trades with the rest to run on its own or getting stop out.