KissFan's Trading Journal

Sell Entry Limit .7816 SL .7848 TP .7770

Buy Entry Limit 1.9570 SL 1.9476 TP 1.9818

Buy Entry Limit 176.88 SL 175.44 TP 180.33

Its been some time since I have posted on my journal. I feel that I'm finally on the right track in my trading journey. I would like to go back and reflect on my stupid trade moves of the past year. I feel that this will be helpful as well as cleansing as I confess my trading sins in public. I trade PA only now as I have seen the light. Gone from my charts are most indicators and the overuse of trend lines. I'll just call these "Trading Bloopers"

What is price action?

Price action in its most basic form is the representation of order flow illustrated by most commonly by bars or candlesticks on a technical analysis chart for a tradable financial instrument. Understanding price action enables a trader to minimize questionable entries and improve exits.
Successful price action traders will utilize support and resistance areas, Fibonacci retracement levels and trend lines in conjunction with candlestick/bar patterns to assist them in a buy or sell order execution level.
The most commonly traded bar/candlesticks set ups are the following:

BEOB Bearish Outside Bar
• Bar 2 engulfs bar 1
• Close of bar 2 is lower than open and
close of bar 1, preferably two thirds of
way down or more

BUOB Bullish Outside Bar
• Bar 2 engulfs bar 1
• Close of bar 2 is higher than open and
close of bar 1, preferably two thirds of
way up or more

DBHLC Double High Lower Close
• Double highs
• Bar 2 closes lower than bar 1’s low
DBLHC Double Low/Higher Close
• Double lows
• Bar 2 closes higher than bar 1’s high
IB Inside Bar
• Long bar 1, bar 2 (ib) is within bar 1’s length
• Bar 3 MUST break bar 1 and bar 2’s
high or low to be a valid setup
• Direction is up or down depending on
which side breaks first


Pin Bar
Bar 1 forms left ‘Eye”
Bar 2 (Pin Bar) must open and close within the left “eye”
Bar 3 must trade opposite way from the nose of the pin bar
And break the opposite direction of which the nose is pointing.

Support describes a price level that a security tried to cross below, but ultimately stayed above.

Resistance describes a price level that a security tried to cross above, but could not.

Fibonacci Retracement is a term used in technical analysis that refers to the likelihood that a financial asset's price will retrace a large portion of an original move and find support or resistance at the key Fibonacci levels before it continues in the original direction. These levels are created by drawing a trendline between two extreme points and then dividing the vertical distance by the key Fibonacci ratios of 23.6%, 38.2%, 50%, 61.8% and 100%.

A trendline is a straight line that connects two prominent peaks or troughs in the price action of an underlying tradable. No other price action must penetrate the trendline between the two start points. In this way a trendline marks a support or resistance area where price has turned (peaks and valleys) and has not been violated. The longer a trend line is the more valid the line is, especially if price has touched the line several times without penetration. When a longer term trendline is penetrated it gives indication that a reversal of the trend has a higher probability of occurring with future price action.

1) Trade Pins off Support, Resistance 150 or 365ema
2) Open 2 positions at the break of the pin.
3) First TP will be about 20 pips from break of pin. SL on this position
will be 1/3 of the range of the bar.
4) 2nd position will have a SL at the nose and will trail by the range of
the bar until stopped out.

I will post a chart and results for each of these trades for discussion/comment.

K.I.S.S.

It's been a really good week of trading. I sold the Sterling vs. the USDollar and am currently up by 63 pips on two positions. I'll be putting some money in the bank at the 23% fibonnacci and moving my stops to BE on the second position. Hopefully we will ride price down to the 50% fib without too many obsticles. I have a short on the EU working as well. It's been in profit a couple of times only to get whipsawed back to about BE. That's where we stand currently.

K.I.S.S.

I will be closing my trade on GBP/USD later today, because I don't like to be exposed to a position over a weekend when anything can happen. I would like to see my TP of 1.6225 hit but if not I will be looking for a good opportunity to close out my positions later today. I will be watching for the action around the opening of NY session. Hopefully what’s left of the London trading session will move price more toward my TP. This is my only position left in this trade and is currently up by 173 pips.

K.I.S.S.

Ok. I have been stopped out at 1.6317. I'm currently flat and 12.4% has been added to the trading acct this week. I hope to start keeping a more concise journal as well starting next week. Have a safe and restful weekend everyone!

K.I.S.S.

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K.I.S.S.

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K.I.S.S.

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EJ and GU shorts on the 4hr charts never materialized. This one (AU)may have left without me. IMHO we are headed to .8350 area. If we have a retest of the .8075 area (yellow support line)with good PA I will enter long.

K.I.S.S.

Entry @ 1.4218 TP#1 @ 1.4185 @ 50% Fib. Based on Bearish Outside Bar at swing High and just under trendline & divergence.

EDIT: I am taking profit on both positions at 1.4185 as I am headed to bed.

TP hit @ 50% fib.

Long @ 1.5504 SL @ 1.54.22 TP @ 1.5650

First position TP @ 155.38 Second Position Stopped at BE.

Looking for PA at 1.8020. This latest bar could end up as a BEOB. If so, I will continue to look for some entry long at a later time.

K.I.S.S.

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