My GBPJPY trade journal

Thanks Trav

The pips earned on my summaries are the +pips captured between first trade and last trade. I actually make more pips than I put down on the summary (I trade regular lots x number of positions = e.g., 3000k). Again, my only interest is to capture the "easy money" within a 100 pips opportunity. What I'm saying on the summary is, e.g., that this session I captured 62 pips of the 100+ pips potential between support entry (previous day high) and R1 target.

Greg

Dear Greg,

Just wonder how u get the figure for PDH, my chart shown the PDH figure was 159.79.

The area u marked as PDH, my indicator marked as PDO.

Thanking in advance for your kind explanation

Regards,
Jutah

You're correct, Jutah. PDH is 159.75, where price is currently.

Hi Greg,

Came across your journal and its realy realy impressive...

Im an aspiring trader and your style of trading is one that il surely study

and hopefuly learn to trade like you...

You stand out from most traders in other threads for your analysis..

And all of us here should thank you for showing us how to "realy" trade..

to think.. analyze... and make decisive moves....

More power to you Greg...



Thanks, Troy

Thanks, Troy. I hope you find the charts, analysis and trade strategy helpful to your own trading style.

Regards,
Greg

Chart and trades summary

Chart and trades summary

Chart and trades summary

Impressive results.
As I see, the system is not 100% mechanical, right? But at the same time there're some clear rules. You take profit on closes pivot level.

Neither my trades, and hence chart analysis are mechanical. I don't think mechanical systems are reliable.

Good trading,
Greg

Chart analysis as trade was in progress

Chart analysis at close of trade, trade summary

Hey greg, been following your journal, they're filled with great insight. Sometimes they are a little confusing, in your chart window, are you using 4 EMA? a 55, 200, and what about the red and white lines? Can you also explain what you look for in the 55 & 200 ema?

Also, your pivot points, how and when are you updating it?

thank you

Please go back through all my posts on this thread. You'll find the answers to your questions.

Chart and trade summary

will do thanks
I notice on last nights chart, you enter the bid before breaching CPP floor. What i understand from reading some of your post, you dont like to deal in "no mans land" i was also looking at that trade last night also, and was thinking not to enter until it the price as pass CPP. So i guess my question is, was there a valid reason for you to enter early?

thanks.

"...previous red candle (long, full body circled) was heading below last three candles and toward the CPP with good momentum, with 1 hr stochastic returning to the downside."

got it!

Well I feel like an idiot for asking my last 2 questions on this thread (about how you calculate P/L). Just spent two days going back from page 1 all the way through to page 47 and took everything in, 2 words that stick out "Trending Momentum" I think ive heard it that much that the words are now foreign to me.

Excellent thread Greg I think you have heard this enough but your posts really do help. I havn't opened a Demo yet (still have a fewe books to get through) but be sure I am an avid follower.

Thanks.