F4's Journal

hi,

arrived late for the first long so i took only the end of it

+8

i use to wait clear pullback where the cci 21 get back to 0 line but i notice that often the cci 21 doesn't reach 0line and the trend starts again thait is why i miss trades. for educational puprose here is a chart of what we could do in case of "light pullback" (cci is not able to get back to 0 line) : we just enter when the preivous high is broken and cci 21 jumps over 100 , we have 3 exemples this morning .
here is the chart :

another one, too near from pivot i think. carlito your explanation could not be better, and precise, last highs and lows are important levels in my opinion.

Yet another euro bank holiday making things a bit tricky.

Nice to see you here flamneco I think F4 is tied up with his new girl friend hope its going well F4.

He better get his butt back here and start trading again. With a new girl friend you know he's putting the bucks out! Never found a lady that didn't like money being spent on her!

first live trade of the week +12 pips classic set ups and exit quick, a more agressive target could ber 1.4100 but now i am less greedy i tryto take 8/20 pips on little trades, day after day. here is the chart

That was very early, nice you could take it, it is london open and already gave 2 nice shorts, just like yesterday, but yesterday was holiday in london, lets see how performs today.

i posted a wrong chart sorry lol here is the chart of today +12 and -12 ......

carlito, what hapenned in the second trade you took is that it was just infront of pivot, in order to a trade to work you need space, if you had taken it from the beginning of the move that space was there, then later like 1 hr you´ll see market again signaled in pivot and bounced.

think you are righ t any way it would have been profitable if i took it on the 5 minutes times frame which was easier and could give 20/25 pips of proft easily...for the moment i don't trade it because it requires bigger stops but i will certainly trade it soon

here a small +5 pips short trade, target as usual pivot, then after it bounces, see the previous shorts very clear, easy, and between them a tricky one, which besides indicators do not show a valid signal, the candle is inside ribbon.

-12 again exactly the same trade as before it seems that 1.4100 is strong and make the euro bounce

once again impossible to take the trade because i din't have my classic set up with cci pullback to 0 line, this time because of strong momentum cci21 after going over +100 goes back a little bit then break 100 again , this is what i call the mini pullback trades, look at them for educational purpose...

here is my last trade of the day +12 i have scalped but after that of course prices have jumped lol, so +12 -12 -12 +12 = 0 ; breakeven day, but fore on such a day i would have finished at -40 -60 because of the morning trading range, so i don't complain. here is the chartlearning is sol long but trading real money is the only key that is what i do....

i went back to bed thinking the move was over and see it started,

the first with space between ribbons , next ones target pivots, did not take them, lets see how ny goes.

This is what I've ended up with. Note, I stopped using the guppy lines as I was more comfortable with the Smoothed Heiken Ashi. Also, I'm a firm believer in using volume in my trading, hence the Waddah Attar Explosion indie. Below is an account of my trades today. And before you ask, yes, I trade this live alongside a few strategies in my arsenal.

A - first entry today, GREEN Heiken Ashi (HA) above BLUE Smoothed
Heiken Ashi (SHA), CCI 21 and CCI 89 above 100, both FX 50 bars
green, Waddah above yellow and aqua signal lines. Exit because my
profit target has been reached and CCI 21 is nose diving.

B - again, HA above SHA , price bouncing off lower ribbon nicely,
good volume on Waddah , CCI 21 above 100 and CCI 89 trending up,
upper FX 50 green, lower with white dot (i like to think of it as a signal
for a 'pippable move'), in hind sight - risky though as massive
resistance being made by daily line, I was thinking more of the
breakout from all ribbons and completely overlooked that. Need to be
more careful next time. Exit, HA turned red and heading towards SHA.

C - same as A, with support off the daily high, and a quickly drawn
trendline marking the most significant lows. Exit, need I say it - same
as B.

D - OMG!!! Is that not saying a big move about to happen??!! What do i
have in my arsenal to show a big move - Waddha (nice boost above
signal lines), CCI 21 (sharp move, could be almost vertical), good old
FX 50 (surely even the lower bar will give me a signal), but then again
we also have a narrowing ribbon below PA which has been giving us
great support all along. So which way will this beaut go?

Ron.

Breakout of triangle to the upside. Extensive decline, bounce off the centre of the ribbon and away we go!!

I was tempted to go short initially (trigger happy) but waited for the lower FX 50 bar to light up. Also, considering that we had the decline, I was looking out for a move to the upside (narrowing brown ribbon)breaking the upper purple trendline.

Anyhow, bought for a quick profit. Exit was because of the weakening Waddah as well as a down trending CCI 21.

Done for now, Nite nite!

Ron.

bad begining , i notice something, often you get tired in the trading range then the trend appear but you are fed up , you don't trade anymore this is how you miss good trades, maybe the solution would be to trade again and again waiting for the nice ones and not getting angry but is it so hard lol!
what is difficult is to treat each trade like if the previous ones have not existed......
here is the chart

exactly the same bad trade -12 again , same routine ....