F4's Journal

sorry didnt write the results : first trade -15 second trade -20 so -35 for the moment ....

i made another short, it went 20 pips positive so i decided to put my stop at my entry price to turn this trade in a no risk trade, and guess what happened : of course the market came back to my entry so 0 pips ! here is the chart of this infamous one lol !

Carlito,

very nice trades, dont worry for the first trade, i guess we all took it and lost it, but you had a very good sense of market when you took it, in fact all you took are clear ones.

Here mines, took same one as you:

1.- -5
2.- +8
3.- +7
4.- +7 ( this last one , see how indicators held all red while price was touching resistance)


slow monday i guess +17 for the day.

in fact i think i have two choices :
1) "long term scalping" : put a 20 pip stop loss a target between 20/and 50 chosen on pivot point/round number or fibo and no trailing stop : for exemple on my last short trade at 1.3599 with my initial stoploss at 1.3619 i would still be in the trade with a profit target near the pivot point and the 38.2% fibo of yesterdays range : 1.35550/1.35540, that means risking 20 pips to get 49/59 ...

2) "short term scalping" exit thanks to moving averages or cci 21 getting back to 0 line for exemple (that means getting out when the prices don't go anymore in your direction), it seems this is what blanca used today and many other days with a great success, thanks to this it seems he is able to have an average loser inferior to 10 pips and a lot of small profits....
i have to choose between those two types of money management : the first one is less stressing but can lead to big drawdown in a ranging market, the second one requires speed but makes the risk per trade lower....

i have to think about it and chose my way....

first trade long, initial stop : 20 pips, i reduced it at 15 when the trade when positive of course market came back to my reduced stop kicked me out then when in my direction, so -15 pips on thisi first trade here is the trade :

later after my first loss I saw the same signal on the five minutes chart so i decided to give it a try +20 pips kickly ,could have made more but was happy to cover my first loss, easy trade here is the chart :

let's imagine this morning someone just used a a stoploss of 10 pips and a take profit of 10 pips (risk reward 1 but nice accuracy) : 3 very clear trades on the 1 minute time frame. here is the chart

excellent trades carlito,


i took the same ones:

+8
+12
+2

right now another long just appeared, target pivot. lets see.

here the rest:

+8
+12 (still open so lets hope it keeps going up)

blanca it seems your last trade was what i call a "a trade after a deep pullback " (the cci 89 went under 0 during this pullback ),you did it on the 1 minute, I noticed that very often these type of trade happen on the same time on the 5 minute time frame, which is slower and more relaxing to watch. here is a 5 minute chart of today with 3 signals. the first 2 signal exit on pivot, the third one exit on yesterday's high. it is for educational purpose.....

you know carlito,

you are so right, when you mention the 5min chart and the kind of trades they appear, i did not notice but you are correct, in fact they appear a lot and it is more relaxing, i guess we should take some day with calm to analize it and see if we can take advantage of that one too, so far the chart you put is crystal clear.

Very good work and thanks to f4 again who is on holiday, hope he arrives soon.


last 3 signals, i guess the day is over so total for today 50 pips ( i am not including this last long at 8:30 am est target 1.3706 it is moving as i write, see u later, bye.

Just to show you how my last trade ended,

it was a long, target at pivot, if you see it almost reached it two times, made me suffer because i saw +13, but ended +2, typical mistake of a trader, greedy.

When i saw reaching it i thought it will reach and break so i held it, but lets see the hour and day was kind of slow, so i should have taken what i could when i could, lol.

Then later, this last trade is out of trading hours so i am just doing it to practice and for fun, target ribbon and pivot, i would not do this live never, i never trade inside key levels.

It is 9:45 am here so it is still early and i was watching dow jones, i´ve seen that specially during opennings we could have some nice trades, but metatrader has a delay in charts so well just taking a look at it.

i have done a lot of demo trading today and few live trading (only two trades) but it has been a good training day, i am happy to see that this methodology can be used on futures on indexes it could be interesting on dow and nasdaq, as for the forex using 1 minute + 5 minute time frame couls be the key to make more pips on easy days like today , we have to think about it.
See ya tomorow

slow day, just two small shorts:

+8
+6, lets see if ny session gives a little more.

i took a short like you exit a 10 pips for a quick scalp, i will live trade again friday. here is the chart :

blanca your methods are not as tender as the F4 and you write in his journal that neuvozhenie to F4 IMHO.
may be easier to start a branch or a log???

once again today 5 minute chart were clearer here is a demo trade i did : short on the red line and exit on pivot precisely , (pivots areally important levels).
here is the chart

hi ,

here is the last trade i saw, took +16 pips, target is pivot it might give more because it is ny open but today i am taking what i can, lol.

Yes 77 i appreciatte a lot what f4 shared with us, he is indeed a very nice person and i would like to see him back from holiday soon, methods could be different between traders but we all want the same, pips,lol.

btw , very nice trades carlito, i like them a lot.

look at this one, euro today is not very generous with us, a 6 pip target, for this short, i am not taking it, but anyway take a look.