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Journey Forex GBP/JPY - mostly same day trades

  • #41
  • Jun 11, 2008 8:09am Jun 11, 2008 8:09am
Quoting momstrade2
I will go short @ 210.00 for 100 pips; long @ 210.81 for 50 pips.
short trade closed @ B/E..... momentum not strong enough
  • #42
  • Jun 12, 2008 12:29am Jun 12, 2008 12:29am
I have been visiting your journal from day one. Nice and clear journal..only no chart..but that's okay..please keep it up..

-FX_California
  • #43
  • Jun 12, 2008 4:17am Jun 12, 2008 4:17am
Quoting FX_California
I have been visiting your journal from day one. Nice and clear journal..only no chart..but that's okay..please keep it up..

-FX_California
Thank you FX_California. I don't know how to post chart examples sad to say. I have been told to do a print screen of it and paste it in the post but it doesn't work on my computer. Do you have suggestions ? That would make everything so much clearer.
  • #44
  • Jun 12, 2008 4:30am Jun 12, 2008 4:30am
This week so far has been about exciting as fishing in a dead pond. The price is ranging, very indecisive right now. I won't take any longs at this point unless 210.74 is broken and even then I won't hold the trade for more than 50 pips until I see more momentum. If 208.62 is broken, I'll go short for 50 pips. 208.00 might come into play for short but I need to see the price action to determine that.

longs
210.74 break T/P 50 pips

shorts
208.62 break T/P 50 pips
  • #45
  • Jun 13, 2008 9:56pm Jun 13, 2008 9:56pm
Hi...


To get you going with charts....not sure why what you are doing wont work but hey things happen..

try screenhunter free
http://www.wisdom-soft.com/sh/sh_free.htm

It will let you save a chart using 3 different methods...which you can play with to see what works for you.

If you cant load the charts from your computer...try saving them on a site like.

www.tinypic.com

and then use the link they give you to place in the text window...use the link with ... IMG at both ends..

sounds a lot to do...but once you have done it a few times...even practice, its gets pretty quick..
  • #46
  • Jun 14, 2008 5:32pm Jun 14, 2008 5:32pm
Quoting momstrade2
This week so far has been about exciting as fishing in a dead pond. The price is ranging, very indecisive right now. I won't take any longs at this point unless 210.74 is broken and even then I won't hold the trade for more than 50 pips until I see more momentum. If 208.62 is broken, I'll go short for 50 pips. 208.00 might come into play for short but I need to see the price action to determine that.

longs
210.74 break T/P 50 pips

shorts
208.62 break T/P 50 pips
This hit my limit for 210.74 but I closed it at B/E. I don't usually hold trades over the weekend.
  • #47
  • Jun 14, 2008 5:34pm Jun 14, 2008 5:34pm
Quoting Angler
Hi...


To get you going with charts....not sure why what you are doing wont work but hey things happen..

try screenhunter free
http://www.wisdom-soft.com/sh/sh_free.htm

It will let you save a chart using 3 different methods...which you can play with to see what works for you.

If you cant load the charts from your computer...try saving them on a site like.

www.tinypic.com

and then use the link they give you to place in the text window...use the link with ... IMG at both ends..

sounds a lot to do...but once you have done it a few times...even practice, its gets pretty quick..
Thanks Angler. I am going to try this over the weekend.
  • #48
  • Jun 15, 2008 9:55am Jun 15, 2008 9:55am
Hi momstrade

Nice journal you have so far. All the best with your trades and look forward to seeing the charts

Speaking of charts... do you use Metatrader or the Netdania ones? I use Metatrader for my charting and it's easier to save charts from there.


zoopy
  • #49
  • Jun 15, 2008 1:51pm Jun 15, 2008 1:51pm
Quoting zoopy
Hi momstrade

Nice journal you have so far. All the best with your trades and look forward to seeing the charts

Speaking of charts... do you use Metatrader or the Netdania ones? I use Metatrader for my charting and it's easier to save charts from there.


zoopy
Thanks Zoopy. I have both but like Netdania. I'm going to try this on the demos that I have and see how it goes. Fingers crossed
  • #50
  • Jun 15, 2008 2:03pm Jun 15, 2008 2:03pm
Quoting momstrade2
Thanks Zoopy. I have both but like Netdania. I'm going to try this on the demos that I have and see how it goes. Fingers crossed
On MetaTrader...

1. Click on the chart
2. Right click
3. Scroll down to "save as picture"
4. Select either active chart (as is) and save it as a .gif image OR Active chart (800 x 800 pixels is decent).

That's pretty much what I do. Hope this helps.


zoopy
  • #51
  • Jun 16, 2008 5:24am Jun 16, 2008 5:24am
Quoting zoopy
On MetaTrader...

1. Click on the chart
2. Right click
3. Scroll down to "save as picture"
4. Select either active chart (as is) and save it as a .gif image OR Active chart (800 x 800 pixels is decent).

That's pretty much what I do. Hope this helps.


zoopy


I downloaded the software last night and am playing around with it today. I will enter some screen captures the next time I'm explaining something other S/R lines. My trading method is so simple that my 8 yr old understands it. She'll be trading before her teen years....
  • #52
  • Jun 16, 2008 5:29am Jun 16, 2008 5:29am
We had a good move last night during Japan's first few hours. There's still meat left on the bone. I think this will go all the way to 213.86 so I took a long @ 212.20 and am going for at least 100 pips with a 100 pip trailing stop aiming for a T/P of 213.50.
  • #53
  • Jun 16, 2008 6:07am Jun 16, 2008 6:07am
Quoting momstrade2
I downloaded the software last night and am playing around with it today. I will enter some screen captures the next time I'm explaining something other S/R lines. My trading method is so simple that my 8 yr old understands it. She'll be trading before her teen years....
Keeping it simple is exactly how I think trading should be done. You're on the right path

  • #54
  • Jun 16, 2008 6:34am Jun 16, 2008 6:34am
Hi..

Good to see you going with the trend...

and now after it has moved up....you have reduced your risk in the trade also..and giving it every chance to be a winner.
  • #55
  • Jun 16, 2008 7:05am Jun 16, 2008 7:05am
Just writing to say hello, and that as of today I'll also be following this journal! You seem to be doing really well so far, and you've given me hope for my own adventures into Forex!
Do you think the karate kid knows kung-fu?
  • #56
  • Jun 16, 2008 1:31pm Jun 16, 2008 1:31pm
Quoting ddblue
Just writing to say hello, and that as of today I'll also be following this journal! You seem to be doing really well so far, and you've given me hope for my own adventures into Forex!
Hi DD....Welcome aboard !
  • #57
  • Jun 16, 2008 2:27pm Jun 16, 2008 2:27pm
Quoting momstrade2
We had a good move last night during Japan's first few hours. There's still meat left on the bone. I think this will go all the way to 213.86 so I took a long @ 212.20 and am going for at least 100 pips with a 100 pip trailing stop aiming for a T/P of 213.50.
I closed this trade at B/E. The trade volume is dead since we are near the end of the U.S. session. I will monitor Tokyo open but might not get back in until London. Just depends...I don't trade or close trades when the volume is low or if it starts going sideways.
  • #58
  • Jun 17, 2008 4:20am Jun 17, 2008 4:20am
It's storming here so I will not be on much. If 212.81 is broken I would go long from 212.90 and hold the trade til 213.50 depending on the price action. I would not take any shorts right now. If it continues falling, we could see 210.74/211.00 come into play but it's too tight of a range to risk going short. I would have to see a clear reversal before going short after yesterdays momentum.
  • #59
  • Jun 17, 2008 12:20pm Jun 17, 2008 12:20pm
Hey guys, I think I finally did it my first screen shot. Thanks so much Angler and Zoopy. Here is what my chart looks like as of now:

http://i28.tinypic.com/16c2kad.gif
  • #60
  • Jun 17, 2008 12:57pm Jun 17, 2008 12:57pm
I generally don't trade the U.S. or Tokyo sessions but if the price action is there sometimes I'll get in and grab 50 pips. The price appears to be bouncing from the trend line but could be just on the retracement from the fall earlier. If it reverses and breaks the up trendline falling through 210.74 that would be a sign to go short. The range of 210.74 to 209.00 is very choppy so I wouldn't just jump right in but would wait for the price to break 210.50 then go short for 50 pips or more depending on the price action.
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