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Attachments: Razors Journal - Basic trading with PA at S/R
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Razors Journal - Basic trading with PA at S/R

  • #61
  • May 13, 2009 9:51am May 13, 2009 9:51am
forgot to add chart
Attached Image (click to enlarge)
Click to Enlarge Name: Pin bars at supports.gif Size: 34 KB
  • #62
  • May 14, 2009 4:32am May 14, 2009 4:32am
morning razor... i can see a big down run happening on eur/jpy about now ish

its not a dibs trade more a... well it just looks like its gonna happen! ~(didn't want to post in the other as it might influence people).

lets see what where it goes anyway
  • #63
  • May 14, 2009 5:21am May 14, 2009 5:21am
Quoting icarusfx
morning razor... i can see a big down run happening on eur/jpy about now ish

its not a dibs trade more a... well it just looks like its gonna happen! ~(didn't want to post in the other as it might influence people).

lets see what where it goes anyway

50pips in less than 40 mins.... lol comeon im good!
  • #64
  • May 14, 2009 5:22am May 14, 2009 5:22am
Quoting icarusfx
morning razor... i can see a big down run happening on eur/jpy about now ish

its not a dibs trade more a... well it just looks like its gonna happen! ~(didn't want to post in the other as it might influence people).

lets see what where it goes anyway
I notice the pin too, but i wasnt here when it happened. It was looking good to trade but i was still too late. Hasnt been too many great looking IBs today, but i suspect that is due to the movements yesterday. Still if we get some more downside movement I will look for entries to grab some of those pips.

Talk soon
  • #65
  • May 14, 2009 8:12am May 14, 2009 8:12am
Long on Eur USD Pin, we are struggling to head lower and the pin makes a double bottom today. Small SL incase its wrong

Entry 1.3573
Sl 1.3533
NO TP yet
  • #66
  • May 14, 2009 8:57am May 14, 2009 8:57am
Whilst my understanding of them are not that great, i am going to try to add some Pin bars to this thread. Any info or advice would be great. There is another forming on the USD/JPY hourly and it is right off the bearish TL.

May look at taking it
  • #67
  • May 14, 2009 9:01am May 14, 2009 9:01am
Closed to full to be taken, ran about 10 pips in a minute. No trade on that one yet
  • #68
  • May 14, 2009 11:40am May 14, 2009 11:40am
Quoting Razor_trader
Long on Eur USD Pin, we are struggling to head lower and the pin makes a double bottom today. Small SL incase its wrong

Entry 1.3573
Sl 1.3533
NO TP yet
Move SL to BE+1

My alarm woke me up to tell me 1/1 was hit. Im not going to take 1/2 off simply because the amount is small and I want to give it a chance to run at full lots if it is going to. If i get stoped out at BE well so be it, next trade. Now wheres that pillow, ah there she is. Good Night all zzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
  • #69
  • May 14, 2009 6:29pm May 14, 2009 6:29pm
Quoting icarusfx
50pips in less than 40 mins.... lol comeon im good!
Did you take some profit of the table before the turn. We now have it approaching resistance TL on the 4 hourly and on the daily a Bullish piercing candle which could mean higher. Im looking for a break of the 4 hourly trendline to verify the resumption up for these pairs or some candle of the trendline to show that it may continue lower.

The trendline on the daily doesnt count as it was broken, so it possible that the 4 hourly will hold and the market will fall more. Time will tell...

Current trade is up 50 pips with BE locked in.

Take Care
  • #70
  • May 15, 2009 2:15am May 15, 2009 2:15am
First trade stopped out at +10. Was at work all day today so missed any prior opportunity to cancel it when it stalled, but a positive start to the live part of this journal

Results So Far
May = +10
AG = .47%

AG is account Growth
  • #71
  • May 15, 2009 6:40am May 15, 2009 6:40am
I have taken a long trade on the close of the hourly. The double bottom may signal the bottom of this wave before heading back toward the down trendline. This is a counter trend trade and Im only looking to get upwards of 50 pips, more would be great. BE will be locked in if 30 pips is achieved so I have full lots running. The second bar is close to a pin bar (bout 50% wick/50% body so it could be argued) and only a few pips outside of an IB.

Entry 95.02
SL 94.77
BE @ 30 pips
TP above 50 pips

Have a good weekend all
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY Hourly.gif Size: 20 KB
  • #72
  • May 15, 2009 6:44am May 15, 2009 6:44am
I have updated the first post to include current results and Account growth. I will update this weekly and have the cumumlative totals on as many posts as I can remember to do.

I may just include a spreadsheet as an attachment from Week to Week if needed
  • #73
  • May 15, 2009 9:07am May 15, 2009 9:07am
Ive taken profit and reversed the USD/JPY trade on the pin bar with the trend.

Profit taken 26 pips

New entry 95.26
SL 95.57
tP not defined


TOTAL MAY + 36
AG = 2.88%
  • #74
  • May 17, 2009 8:12pm May 17, 2009 8:12pm
Had a very nice weekend and am feeling refreshed. About to head to work but update on the USD/JPY that is still running.

Currently up about 50 pips, trade is BE and hopefully we will see more downside (for me) lol

Take care, see most of you in about 8 hours, london time
  • #75
  • May 17, 2009 8:56pm May 17, 2009 8:56pm
Nice to see you again Razor

Are you still use daily open +6GMT at hourly timeframe?
  • #76
  • May 18, 2009 2:18am May 18, 2009 2:18am
Quoting masut
Nice to see you again Razor

Are you still use daily open +6GMT at hourly timeframe?
If im looking at the hourly then yes, if its any higher no.

Higher TFs i look at the direction of the close of the IB candle for my bias. I give stronger bias if there are certain groups/events that occur. Ie bottom of a move, bullish Pin (which i probably took the break of) and a subsequent bullish IB somewhere I will put a bit more focus and risk into because it holds a higher chance in my view to break and travel the way I want it.

Hope this helps
  • #77
  • May 18, 2009 2:22am May 18, 2009 2:22am
Stopped out for BE. The most it was up was 80 pips and it has come and stopped me out to the pip at the moment.

It is at the bearish Trendline on my hourly chart so I may be back in if I get a signal.

Chart to show
Attached Image
  • #78
  • May 18, 2009 3:05am May 18, 2009 3:05am
USD JPY set up for daily. We could see a nice pin bar if all resumes the same for the rest of today on the daily USD/JPY which, looking at the charts could be the start of a nice run up the bearish trendline.

4 hourly shows there is still room to move up and the hourly shows a break of the trendline. If on the hourly we start to see some H/H and H/Ls then I will looking to trade this long.

Charts attached
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdjpy 4 hour.gif Size: 24 KB
Click to Enlarge Name: usdjpy 1 hour.gif Size: 24 KB
Attached Image
  • #79
  • May 18, 2009 4:50am May 18, 2009 4:50am
Quoting Razor_trader
USD JPY set up for daily. We could see a nice pin bar if all resumes the same for the rest of today on the daily USD/JPY which, looking at the charts could be the start of a nice run up the bearish trendline.

4 hourly shows there is still room to move up and the hourly shows a break of the trendline. If on the hourly we start to see some H/H and H/Ls then I will looking to trade this long.

Charts attached
Morning Mate,

Had a bullish IB on my offset 4H TF on that pair, just gone to Free Trade. It has strongly broken my downtrend line, but I see S/R at 96.18 or thereabouts so might close there.

Also took bearish USDCAD, just gone free trade. Took the pin 2 bars prior as a confirming signal, so far a good choice.

I didn't take it, but GBPUSD also a good setup, with pin 2 bars prior. Lots of good IBs on this offset TF it seems!
Attached Images
  • #80
  • May 18, 2009 5:26am May 18, 2009 5:26am
Quoting SlideDog
Morning Mate,

Had a bullish IB on my offset 4H TF on that pair, just gone to Free Trade. It has strongly broken my downtrend line, but I see S/R at 96.18 or thereabouts so might close there.

Also took bearish USDCAD, just gone free trade. Took the pin 2 bars prior as a confirming signal, so far a good choice.

I didn't take it, but GBPUSD also a good setup, with pin 2 bars prior. Lots of good IBs on this offset TF it seems!
not too sure if you look at commodities like gold and silver but silver has a nice IB on the hourly. It is bullish but the hourly says bearish (6gmt). Going to take this one if it breaks below as it is trending down at the moment. i will look at taking this depending on the outcome of my margin analysis. I will let you know

Chart below for silver
Attached Image (click to enlarge)
Click to Enlarge Name: Silver.gif Size: 21 KB
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