Doji Star Journal

GU Daily missed a long entry this morning...overslept... too late to enter now
GU broke through resistance yesterday. It gave 2 buy signals in a row. I left the first one in favour of the Silver trade yesterday. Missed out on the new one this morning.Former resistance might get tested again later.Might get re-entry chance later, might not.Will look for more chances on dailies next week.

nothing else happening on my charts. will monitor the GU 4hr and Silver 4hr for any possibilities today.

New week come,
lets win more pips!

That's the attitude to have, my friend!!
Let's get those pips!!

Nothing happening as yet on any of the charts I follow.
Noticed a gap up on GBPUSD Daily and a gap down on UJ Daily. Other than that still waiting patiently.

Good to see. We're all eager for some pips it seems.Always a good thing.

Possible sell signal on silver 4hr chart in a few minutes when this candle closes.

Sell Silver (4hr chart).
This is another trade that can be over in a few hours time.
Will post more details later. Got to get back to work.
Lunch break over!!

gud job bro...
keep it up....

Trade #5 trailing stop hit for 387 pips!
The trade lasted all of 42 minutes!
Adjusted the trailing stop 9 times!! All in increments of 40 pips. When I was +-70 pips up I locked in 40 pips. When I was 110 pips up I locked in 80, and so on...A bit difficult when you're supposed to be working. Just HAD to watch this trade because Silver is extremely volatile at present.
I was actually locked in at 400 pips... but price fell through it...very upset about that...will be calling them up later today after work.EVERY PIP COUNTS.

Blow-by-blow account of Trade #5. Check out the times on the clock indicator on the chart.Went in at exactly 14:02 GMT. Chart 1 was just after entry. Chart 3 was when the 387 pips was hit. What you also have to bear in mind is that with silver the spread ranges from 35 pips to 60 pips with big news, so you have to be certain of yourself to pull the trigger.

Short signal:Got the signal to go short Silver 4hr today.
Only saw it with a few minutes to candle close.
Didn't have time to check risk/reward ratio because I use MT4 chart but trade with a different broker, so I went and set the initial stop loss at the average drawdown for this particular sell signal on Silver 4hr chart, which is 170 pips.
Confirmation of sell signal was there in the form of a Bearish Engulfment. On the 4hr MACD template it also gave a Trend Continuation signal.
Fundamentally (don't usually worry with fundamentals) I was aware that after last week's big news events the markets might take a breather early this week. Silver is also in unchartered territory and is so volatile in any case that quick "in-and-out" counter-trend trades don't phase me much.
Eventually, 42 minutes later I got stopped out for 387 pips.I kept adjusting the SL in increments of 40.
It went down as far as +-820 (after it was stopped)!!:surprised This is a lot for the first hour of a 4hr candle.

According to DeMark Trendline Breaks, the target for shorting Silver now is 18.467. That's 1167 pips away.
I'm not going to rush back into trading this instrument, but I'll wait for a retracement if it presents itself.

Nothing absolutely clearcut happening on any of my other charts,(UJ Daily,Swissy Daily,EU Daily,Cable Daily,Silver Daily or 4hr GU), MACD or otherwise.

hi dear doji star , very good

Thank you my friend! And thanks for the good USDCAD call. I closed that for 68 pip profit today. I didn't post it here because this is to test the system I'm working on.

EU 4hr seems to be forming a Zero Bounce or TC signal.1hr to go for candle close.Price looks set to move out of 8-21EMA zone.Don't actually trade EU 4hr myself anymore, but thought this post would be useful.

GU 4hr Strong buy signal forming there. Similar situation as EU 4hr chart, but I believe this one to be stronger. Wait for candle close.If I do take this trade I'd be worried about the size of the maribozu forming here-do I drop down to a smaller timeframe and enter there?? Or do I simply leave the trade and look for another opportunity later?Let's wait for candle close...

Silver 4hr Bullish engulfment forming. I'll stay out of this one as it may simply be a retracement preparing for another drop.Bearish Head and Shoulders has already formed. We're currently bouncing off the neckline. Silver might also be caught in a range this week.However, if Silver breaks new support at 19.500 level we could see 18.000.

USDJPY and USDCHF Dailies look a little overstretched to me at the moment.

LOT 1:GU Daily SET AND FORGET TRADE:Bought @ 2.0193. Stop Loss=1.9868. Take Profit = 2.0576
I admit this is a risky trade.Things to worry about: yesterday's bearish engulfment close.There was however a signal from my system on this one. Just like the price action.Should actually have waited for retracement confirmation(As usual, I only realised this once i pulled the trigger!) 309 pips at risk for 400 pips reward.Trigger for this trade was the 4hr chart.

Can afford this trade as I'm playing with the house's money.

LOT 2:Took another GU 4hr long signal at close of previous candle at same price as Lot 1. Obeyed all the MACD rules on this one. 1 hr chart confirmed the TC signal was good to go.SL = 2.0080 (just below 21EMA) TP = not too clearcut. Previous high too far away.Might go for my "increments of 40 pips" Take Profit exit strategy here.
What I like about this MACD chart: the 89 looks set to crash up through the 365.I am comfortable with a little drawdown here because of the size of the previous candle.Will start to worry once price falls back into 8-21MA zone.

Lot 2 taken out for loss of 119 pips. 'Set and forget' trade still in play.

Waiting for close of 1hr candle for re-entry (should've done this in the first place) if it gives a macd tc signal.If not I stay out.

GU 1hr-no TC no trade.

Silver 4hr just kicked off a sell signal.Post details later.