Four Kids Journal

U CAD closed at 1.2980 ...... +83

GJ opened short at 137.82 stop 139.00 target 136.80 Pin bar on 1hr chart

GJ stp moved to 138.2 Target moved to 137.00

GJ hit target at 137.00 +82 pips

E CAD short at 1.6172 stop 1.6320 TP1 1.6100 TP2 open. Off daily pin at ppz.

E CAD daily

NJ opened at 48.9 Stop 47.9 Target 49.9
Daily 2blhc at ppz
4hr pin bar at ppz

NJ closed at 49.52 +60 pips

ECAD TP2 moved from open to 1.6020

Off to bed now, 11:30 PM

E CAD TP1 hit target .......................+72

------TP2 closed at 1.6127...............+43

Off to work now 7:00 AM

Pending long EU 0pen 1.2685 Stop 1.2450 TP1 1.2800

Pending short UCAD Open 1.2690 Stop 1.2970 TP1 1.2590 TP2 1.2450

Pending AN short Open 1.2740 Stop 1.2950 TP1 1.2550

No trigger bar on the daily (yet), but those 5 bars between the white and purple PPZ's are telling, and then on the weekly it is obvious.

UCAD TP2 cancelled

EU closed at 1.2721....+36

UCAD TP1 cancelled

AN triggered, currently ...+20

Weekly round up:

UCAD .................... +83
GJ ........................ +82
ECAD TP1............... +72
ECAD TP2............... +43
NJ ........................ +60
EU ........................ +36

AN still open

Total trades posted to #1

Excellent results, really impressive,
Can I ask you how many pairs you monitor and how you monitor them, I mean do you do a weekly analysis,or a daily analysis or how do you organize what you are watching...do you have a limit of pairs you watch or any you dont watch, I really like what you are doing...take care, Raz

Hi Raz,
I monitor 23 pairs on IBFX. All my white PPZ lines/zones are drawn on monthly charts going back in time as far as the IB platform will let me. They were drawn months ago, and once or twice I have adjusted one by a few pips.But in general they are a permanent unchahging feature of my charts.

All the blue and purple lines/zones are drawn on daily charts.They are added and removed as I see patterns, triangles, S/R, appearing and disappearing,although they can and do often stay for days and weeks at a time.

So I spend a couple of hours every day looking at all 23 pairs,adding and subtracting lines.

Raz I hoped this answered your questions. If I was not clear, please let me know.

In the attached chart you can see the pairs I trade.

This pair is at the top of my watch list for Monday. A beautiful breakout of the triangle, and then it carried on to break the support line. On the 4hr it has pulled back to turn the support into resistance,and zoomed out on the daily it is with the main trend.

Sorry you can not see the pairs.Well I trade all the pairs on IB except the exotics and NCHF. The platform I trade on does not have NCHF.

Just to add a bit more, I only trade OB/engulfing bars,pin bars, pinbars that take two days to form or two 4hr periods to form, and BPC.

The daily's are what I trade from, but sometimes I will drop down to the 4hr to look for an entry.

My triangle's are just that ,triangel's.They have all sorts of names ,flags, flags with poles,bearish flags,bullish flags,pennants ,bearish pennants,bullish pennants etc,etc. To me they are all just triangle's, and regardless of what they are called they are all going to break one way or the other.

Perfect explanation thanks very much. I never look at monthly really but I will give it a go, lets see what I come up with in the way of ppzs. Its practice isnt it...I will see how well I can follow you but I love your style of trading its simple and clean and uses price action and trendlines which is basically how I trade anyway. Watching so many pairs must take some getting used to though, at least it will for me. Anyway, I will watch from the sidelines and see how I go. I have more questions about your targets and stops too, but I will leave you alone for now! Do you use fib expansions? Ok, take care, have a great weekend, Raz

Off to bed in a minute, just after midnight here.But to answer one of your questions now.No I do not use fib's or anything else. What you see on my charts is all I use.

Yes I believe practice is of major importance, hundreds and hundreds, indeed thousands of hours staring at charts. Fortunately for my I have an addictive personality, and I am totally addicted to FX. I am also determined to make a living out of this.

Please, ask your questions at any time, I will do my best to answer them.

Gerard