KAS Trading Journal

GBPAT2 has formed. Set my TP to 20 pip and SL at 204.55.

Price did move to 50 + pip, but hit my TP at 20 pip.

Now, waiting for either GSPAT1 or GBPAT2 - as these 2 signals got the range to move - will set bigger TP later.

Entry BUY here with SL 40 pip and TP 50 pip.

the attachment

Observation.

Ranging period or consolidation is bored.

How to know the consolidation period is about to end ?
Look for the biggest swing hi lo among other swings in the consolidation period.

Draw the center line of that swing hi lo.

Wait for the price to break the center line consolidation, entry only after confirmed that the price break the consolidation period of the center line - refer chart for example.

Proven twice - at least for this current chart.

AFPC just now - looks like there is news or something (100 pip movemen in 10min!), price hit my SL for -40 pip loss.

Analysis still valid.

Now waiting for GBPAT1 (entry on GBPAT2) or GSPAT1.

My HSNF (Hedge Set and Forget) system update.

Close the SSP for 10 pip profit. Believe that price of EC will go up. Floating loss of BBP = -57 pip at the close of SSP.

Profit = 20 + 10 = 30 pip.

Net = -27 pip loss.

Entry SELL here. (with TP 50 and SL -40 pip)

Now, profit at 7 - 10 pip.

Now, at 30 - 40 pip profit.

This GJ can move 70 pips up within seconds. Now at -30 pip loss.

Lesson learned. Should have close at 30 pip profit just now - it is at the Resistance area.

Hit the SL for another -40 pip loss.

Ok, introducing HSNF2 System (Hedge Set and Forget #2).

Still demo.

1) Any time desirable, Do a BUY EU and BUY UC or SELL EU and SELL UC.

2) Later, 1hr, 4hr, next day, or anytime you open the PC, if it is BB, close whichever positive and perform another BB.

3) Do the reverse for SSP.

4) Do until the overall net profit is a lot more than floating loss.

Let see whether this one works.

This is done based on the fact that the pair is correlated.

Ok, start now, perform BB.

Attached, the date 240408 is the HSNF2 BBP while the 230408 is the HSNF1 BBP.

HSNF2 system update.

Close the EU for 8 pip profit and perform another BB.

Profit = 8 pip
FL loss = -29 pip

Now, FL loss = -20 pip.

Now I have

2 EU Buy and 1 UC Buy.

I have to Wait and Close one of the EU BUY for positive profit, before opening another BBP (ie BUY EU and BUY UC).

Let me twist a bit.

Close the UC Buy for 10 pip profit, but instead of opening another BBP, I put up SSP. Note that I cannot perform another BBP, because then it will be 3 Buy for EU and only 1 Buy for UC. It could be dangerous because if the EU price continue to drop the the drawdown will be a lot.

Profit = 18 pip.
FL Loss = -70 pip.

Close the Sell UC for 10 pip profit and perform another SSP.

Profit = 28 pip
FL Loss = -48 pip.

Close the Sell UC for 8 pip profit, now i cannot do SSP (because will have 3 Sells for EU and only one for UC), so I do BBP.

Profit = 36 pip
FL Loss = - 52 pip

AFPC just now.

Close the BUY UC for 13 pip profit and perform another BBP.


Profit = 49 pip
FL Loss = -58 pip

Close one SELL EU without opening anything for 7 pip profit.

Profit = 56 pip
FL Loss = - 78 pip