My GBPJPY trade journal

Thursday afternoon trade. Chart and summary

Dear Greg,
You gave me the link to actionforex.com for pivot point.I was wondering do you use 4HR pp or daily PP or 1 HR PP?
They have different pivot points for different time frames..
.
Please advise and thank you

Mike

I use the daily pivot points, standard.

--Cheers

Made too many trades overnight. They won't all fit here, last few are shown.

nice trades greg!

my trades, still waiting for prices to head back up.
the floor seems to be holding up. the min pivot pt moved
down to 184.5 eating away from my profits. s4 around 192.5
using my atr calc.

slow stochastics are just oscillators with %k showing present
price in reference to a range for the past n divisions. looks
like this indicator seems to not lag too much and leaves
enough room to climb in a trade before it turns, unlike macd.
never really understood %d(it is just a max range - i guess it
is their way of creating an average of the %k- read up on it some)

tweaked my strategy to reduce stop losses from the curent 400pips et al
to more like 250pips max without disturbing the execution. guess that should make
losses recoverable.

Hello

Does any one has pivot points indicator like in AccuCharts meaning pivot points only for current day or current wek or current month, meaning not for entire chart...?

Regards

mima

thanks greg, love d work............

lost another 250 pips for setting up an entry level at 179. should have waited
for the breakout to finish. lesson.

nice drop though. to 174!! think buyers would be in the market soon enough but
the general unceratininty could continue the drop. can't tell.

i should read first this journal before i started my own...

perhabs i would have stil my first account...
right now buy limit at 174,23 (demo)

Monday night trade. Chart and summary

When you're lucky, you're lucky. 3rd trade, Tuesday morning, October 7th. Trade summary, no chart.

Too many trades and positions this session to fit the page. Chart and partial trade summary.

An attempt at breakout below 174 floor never materialised, probably
due to less uncertainity in the news and better halifax number for
british housing. prices went to 171 (below 1/2 atr from 174) twice, met
a dead end and pivoted with sellers losing steam.

entered long trades at 173.2 with stops at 171 and limits around 178.5
400 to 500 pip potential

guess the breakout below 174 is on anyway.

lesson learnt. wait 3 days before confirming a breakout or lack of it.

Thursday evening trade (PDT). Chart and summary

Hello Greg Wilson,can you let us know exactly what ema or sma that you use to trade with if any.I know it is standard settings on the macd and stoch 5,3,3 and take trades on the hourly with a break above the cpp-long and below short,is that much correct?.I have not found this info in your journal,thanxs and have a great weekend !!!!!!!!!!

Hello. Moving averages I use are as follows:

5ema(close)
8sma(open)
21ema(close)
55ema(close)
200ema(close)


Cheers

Correct about trading above or below the CPP as a guideline.

Thank you for your response,and continued pips to you !!!!!!!!!!!!

entered short trades at 179.95 and 178.2, sl at 182, s3 exit around 172.5.

conservative trade, s3 might change if volatiltiy drops.