journal

Total: + 3.85R

Wins: 11
Loss: 6
BE: 2

Trade 1 : 1R
Trade 2: 0.4R
Trade 3: 1R
Trade 4: 1R
Trade 5: 1R
Trade 6: 1R
Trade 7: 1R
Trade 8: 1R
Trade 9: 0R (closed for +5 pips after 2 hours of sideways movement)
Trade 10: Loss -1R
Trade 11: Loss -1R
Trade 12: 1R
Trade 13: .75R
Trade 14: Loss -1.25R
Trade 15: Loss - 1R
Trade 16: 1R
Trade 17: Loss - 1R
Trade 18: Loss - 1R
Trade 19: 1R

after 9 months of spending time on shorter term trading - I no longer trade this way and have closed this thread

Price action at S/R backed by extreme indicators

Best to trade with the greater trend. But this chart shows the concept.

Entered at 1.8696
10 minute broke to new high
Trend up + indicators extreme + bounce off s/r line.

Exit at resistance.

+ 3%

I like to enter on a buy stop. Price picks me up as it moves in the direction of the trade. Exit at 1:1 which is also prior resistance.

30 minute chart

exited +1.2%

used a 10 minute chart to exit. price showed a pin bar from resistance.

bearish price action and indicators falling from extreme
not an ideal setup - but the down trend has been very strong

Exited at 1:1

Again - indicators were not in position - but the big bearish outside candle in conjunction with the down trend seemed worth taking to me.

Exited at 1:1

Entry: very bearish bar + bear trend + all indicators extreme bearish

Exit: 1:1

Entry: Pin bar + down trend + indicators all extreme

Exit : 1:1 in 30 minutes

AudUsd - pin bar followed by bearish bar + trend + indicators extreme
Exit: 1:1 in 30 minutes

USDCAD
Entry: bullish bar + trend + indicators extreme
Exit: 1:1

(Entered on a stop order, waiting for trend to resume after small retrace).

Entry: excellent bearish candle + trend + all indicators extreme

Entered a little late: should have been at the screen about 2 minutes earlier to enter on the close of the trigger candle.

Exit: lots of support candles just off the screen to the left. Price was struggling to go down. Been in the trade for 2 hours and still no action. The %R and RSI had gone extreme (against the trade). Price was probably going to struggle to break support. Exited for +5 pips.

I think I took this trade in error. It does not match my rules.
At the time, I had seen a neutral bar and the green entry candle was moving upwards. So I thought I'd get in on the momentum of the move.

Obviously the momentum I wanted is not actually there...because the next candle has been down.

The trade may still work out but.....I want to see a buob or beob or pin bar and I did not get any of these. This trade was an error.

Trade was a loser.

Entry was incorrect: Trend + indicators but NOT the PRICE ACTION.

Exit - stopped out for a loss.

Trade 10 closed at a loss.

entry : PATI (Price Action, 30 minute trend, Indicators Extreme) + price bouncing off support.

Entry: Resistance + bearish outside bar + inidicators extreme

Trade 12: 1R
Trade 13: .75R

Still working out why the trade closed early. Must be a mistake in my calculations for the tp.

Loss.
Trade met all entry criteria.
Trend + PA + indicators extreme.

Loss -
Price action + trend + extreme indicators (except cci at zero)