MW's trading journal | Page 51 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

Twitch Journal - Live Journal 4 replies

Creating my Trading Plan + My Trading Journal 27 replies

My Personal journal up 18% in 2 months going to start a journal 8 replies

Azzity's Trading Journal III (Azzity's 3/30 Trading Method) 9 replies

Attachments: MW's trading journal
Exit Attachments

MW's trading journal

  • #1,001
  • May 23, 2008 10:56am May 23, 2008 10:56am
Quoting Infinity
Great trade Mike.....

I took a similar play that was on the gj yesterday and it played out nicely. I am now out of all positions and will look to start fresh next week. Good luck my friend and have a great weekend....

Bless
Thanks Infinity, and I can say the same to you my friend! I'm actually closing out of my u/j and g/j trades today as well because I will be out of town again throughout next week. Have a good weekend and good trading next week too!
I dream, therefore I become.
  • #1,002
  • May 23, 2008 11:39am May 23, 2008 11:39am
Good call Mike



Quoting mike w
I just took the short on the close of the 4 hour pin bar. Stop is above the pin at 104.45. This should play out nicely with the fact of the confluences at this level supporting a downwards move.
  • #1,003
  • May 23, 2008 1:16pm May 23, 2008 1:16pm
hey ma man hows u ? hope u r gr8
well nice to see ur post here am always looking to find u as u dont even come to auslanco's . well now i know where to find u
if u r asking how i am am ok tkx god still alive
my trade is ok when i have time i trade and specialy E/U easy money haha
well bro wish u a gr8 weekend and let me know ur news
cheers miko
  • #1,004
  • May 30, 2008 9:07am May 30, 2008 9:07am
Quoting warta
hey ma man hows u ? hope u r gr8
well nice to see ur post here am always looking to find u as u dont even come to auslanco's . well now i know where to find u
if u r asking how i am am ok tkx god still alive
my trade is ok when i have time i trade and specialy E/U easy money haha
well bro wish u a gr8 weekend and let me know ur news
cheers miko
Hey Warta, thanks for checkin in bro! I'm glad everythings good out in your part of the world too. I'm doing good too, I just took another small time out from trading in order to work on other things for a little while. I'm still over at auslanco's thread a good bit, but I don't really need to say much as everyone else says it for me lol Some great analysts reside over there.

Lately, I've been trading E/U quite a bit too, mainly on the 4 hour time frame- it's not too volatile but when the patterns come out, it sticks to them quite well.
I dream, therefore I become.
  • #1,005
  • May 30, 2008 9:11am May 30, 2008 9:11am
Quoting pearsonfx
Hey Mike,

Seeing some good stuff going on here, little question for you. I may be crazy, but I think that Eur/Usd may be in for quite the drop. looking at 1.4600 overall....its on a daily TF....take a look and let me know what you think....I am short from 1.5790 (much shorter term trade, but if what I see confirms itself in the next day or so...I may hold it for quite a while)

Take a look...basically daily stoch's caught my eye (no surprise with the rise last few days) but a potential Head and Shoulder's.....surprising yes in lieu of all the fundamentals.....but I am a technical trader...gonna keep an eye on it

Zack
Hey Zack, good call on that one man! I'm looking now and it looks like there will be quite a bit of support to get to that area. People are generally looking to buy this pair I think and so I doubt it will get too low- 1.52 looks to be a solid area and then 1.48 would surely put a stop to it, I would think. Time will tell I guess though.

The weekly close may support your position on this too as it might close as a bearish engulfment pattern.
I dream, therefore I become.
  • #1,006
  • May 30, 2008 9:39am May 30, 2008 9:39am
Setting up for the new month ahead, I'll be posting the monthly thoughts and comments. I'll be using these to define my directions for trades. If there is no clear cut pa, I will just trade on weekly and lower as normal.

Monthly G/U is closing as yet another pin bar off of support. This is showing how solid that support area really is- 1.96 and 1.9450. Solid buys to be made there IMO on this close.

The Eur/jpy is closing bullishly although it looks as if we'll head back to 160 before moving higher to my take profit on that position.

Nzd/usd is closing as a bullish pin bar so I would look to buy on a break of it.

Gbp/Chf- I'm not totally sure what to think of it. If anyone has any comments, it would be appreciated. I've known that this kind of bar can go both ways although it still looks bearish IMO.

Eur/nzd is closing as a bearish pin bar at a place of resistance. I would possibly target 1.90 if it plays out well.
I dream, therefore I become.
  • #1,007
  • May 30, 2008 11:26am May 30, 2008 11:26am
I just took a short on the close of the 4 hour pin bar on U/J at 105.46. Stop is above the pin and targets are not yet disclosed. We'll see how it reacts at support.
I dream, therefore I become.
  • #1,008
  • May 30, 2008 11:34am May 30, 2008 11:34am
Quoting mike w
I just took a short on the close of the 4 hour pin bar on U/J at 105.46. Stop is above the pin and targets are not yet disclosed. We'll see how it reacts at support.

as usual .... gr8 mike tkx for sharing ur view
wish u always the best and the better
  • #1,009
  • Jun 2, 2008 8:41am Jun 2, 2008 8:41am
Quoting mike w
I just took a short on the close of the 4 hour pin bar on U/J at 105.46. Stop is above the pin and targets are not yet disclosed. We'll see how it reacts at support.
I've read up on the DIBS method, which is a solid way of trading inside bars and will now be adding it to my toolbox. I traded two pairs this way last night, the usd/jpy and the gbp/jpy. I added to my usd/jpy trade already taken from friday and posted a new short on the gbp/jpy at 207.85. This is definitely a solid technique for trading inside bars. Thanks for the guys showing and learning from it- It's much appreciated. I'll be posting my DIBS results seperately at the end of each week to see how it pans out for me in pip count. I guess I could say that so far I'm around 300 with it and only plan to let er' ride as usual.
I dream, therefore I become.
  • #1,010
  • Jun 3, 2008 7:29am Jun 3, 2008 7:29am
I just placed a buy order on the cad/jpy based on dibs from an earlier time today and placed another buy on the usd/cad based on a 4 hour buovb. The usd/cad, right now, is a steal for the buovb IMO. I bought at 1.0000 and 1.0010
I dream, therefore I become.
  • #1,011
  • Jun 3, 2008 8:17am Jun 3, 2008 8:17am
Quoting mike w
I just placed a buy order on the cad/jpy based on dibs from an earlier time today and placed another buy on the usd/cad based on a 4 hour buovb. The usd/cad, right now, is a steal for the buovb IMO. I bought at 1.0000 and 1.0010
Both are going well now and I'm locking in profit on both positions and watching them ride out.
I dream, therefore I become.
  • #1,012
  • Jun 3, 2008 12:56pm Jun 3, 2008 12:56pm
The cad/jpy trade got stopped out for a small gain while the usd/cad is still running strongly. I'll be posting more DIBS trades on a higher timescale, using the 4 hour charts while looking at the weeklies for direction. I'll So far, it's doing well with the trades already made. I don't know how I was so blind to trading with the direction when it came to Inside bars. With everything else like pin bars and such, I trade with the trend but sort of overlooked this aspect with IBs. Odd I guess.
I dream, therefore I become.
  • #1,013
  • Jun 3, 2008 1:28pm Jun 3, 2008 1:28pm
Added to the canadian position using dibs, and it is now up by 20 pips already. The others are still running and I've locked in more profit.
I dream, therefore I become.
  • #1,014
  • Jun 3, 2008 3:12pm Jun 3, 2008 3:12pm
Bearish outside vertical bar coming up on the daily eur/usd. That's spelling out more downside for me. I have a longer term dibs entry waiting at 1.5420 based on the 4 hour charts and I will be waiting for a retracement to enter at a better price.
I dream, therefore I become.
  • #1,015
  • Jun 3, 2008 4:07pm Jun 3, 2008 4:07pm
Bearish outside vertical bars all around today on the eur/usd, aud/usd, nzd/usd. I'll be trading all of these down with a stop just above the bar. Dibs is my new stuff. I love it. I'm using it on the 4 hour charts with the weekly charts as the filter. I have two entries waiting on the gbp/usd and the eur/usd with it based on the 4 hour charts.
I dream, therefore I become.
  • #1,016
  • Jun 3, 2008 4:13pm Jun 3, 2008 4:13pm
hey mike how are u? can i ask u something? what are dibs and where do i read up on these mystery dibsies lol..... soundsl like inside bars with a d in front which i am facinted to learn more about pa and such always good to know about
  • #1,017
  • Jun 3, 2008 4:22pm Jun 3, 2008 4:22pm
Quoting dagoods
hey mike how are u? can i ask u something? what are dibs and where do i read up on these mystery dibsies lol..... soundsl like inside bars with a d in front which i am facinted to learn more about pa and such always good to know about
Hey man Im great! Dibs is a system based on inside bars. Daily Inside Bar System. We started learning about it in the "No free lunch, but all the free coffee you can drink" thread. It's located in the Beginner's Q & A section. Read up on it in there and then from that thread, there is a continuation of the method in the systems area that is named DIBS aptly. lol

Hows everything been for ya? I hope great and your trading is great too man!
I dream, therefore I become.
  • #1,018
  • Jun 3, 2008 4:27pm Jun 3, 2008 4:27pm
Quoting mike w
Hey man Im great! Dibs is a system based on inside bars. Daily Inside Bar System. We started learning about it in the "No free lunch, but all the free coffee you can drink" thread. It's located in the Beginner's Q & A section. Read up on it in there and then from that thread, there is a continuation of the method in the systems area that is named DIBS aptly. lol

Hows everything been for ya? I hope great and your trading is great too man!

thanks mike i am ok glad to be learning more every day
  • #1,019
  • Jun 3, 2008 4:29pm Jun 3, 2008 4:29pm
Quoting dagoods
thanks mike i am ok glad to be learning more every day
Good to hear it man! I'm with ya on the learning, it never stops; if it does, that means I'm dead which would be a bad thing lol.
I dream, therefore I become.
  • #1,020
  • Jun 4, 2008 9:39am Jun 4, 2008 9:39am
Quoting mike w
Bearish outside vertical bars all around today on the eur/usd, aud/usd, nzd/usd. I'll be trading all of these down with a stop just above the bar. Dibs is my new stuff. I love it. I'm using it on the 4 hour charts with the weekly charts as the filter. I have two entries waiting on the gbp/usd and the eur/usd with it based on the 4 hour charts.
Stopped out on the aud/usd and nzd/usd although I put my money elsewhere into the gbp/usd short last night and a gbp/jpy short last night.

On the break of this 4 hour chart, it looks like we will see more opportunities for shorting the yen pairs. We just have to wait for the close.
I dream, therefore I become.
0 traders viewing now