Skracor's Thoughts and Journal of Trading

Here are the turning areas I am looking at on each pair that I trade. Some are quite large, which is a by-product of volatile Price Action. This just means if I was trading from the H4 chart only my SL's would be larger than normal and I would most likely be more cautious on my entries. But, I am not trading that way all my entries will be taken from M15 or lower. It is nice for my psychological state to be in an area where I think a turn is possible and even likely, when I move against the current M15 trend. These areas also give me a pretty good idea where my targets can lie, which keeps me from trying to always pick tops and bottoms.

Through Much trading I have learned to avoid trying to enter from the top/bottom. In fact I realize that I never want to enter from those extremes, once a trend is established then I begin to look for entry. If Price moves too fast for me I wait for the next opportunity.

Loonie upcoming. If breakout I am looking for a retest of this area to enter the trade long to the upper blue area.

Bought Cad at 1.0343.

Closed the Loonie Long for +5pips. N2FX you are really turning me into a scalper here.

Okay I'm out for tonight. See you at London Open. Good pips to all.

Sorry, was out this evening with the family for my mother's birthday.

Nice charts you have posted, I will look over EU,GU,UJ now.

Scalping at it's best, I just took a 3 pip long on EU with the 1 tick chart, lol.

I am minimizing my posting for now as I upgrade my trading strategy.

I will take less trades this week while I work on perfecting my win/loss ratio.

Great job on the Cad trade, amazing how fast 5 or 7 pips will add up when you do it 5-10 times a day.

Chat with you when you return.

Note: I had a limit order short on UJ at 92.45 that missed while I was at dinner, my target for that was 92.15, would have been a nice trade that was just about right on.
I will have to make up for it later on this evening. CASHO is waiting.

Okay I'm back. Good London Open to you all.

Did you trade the London session bro?

If so, can you post your chart and entries.

Hope your having a great day, weather not so good here today, so it allows me more time to relax.

Yeah bro been up in the night and will continue at least for tonight. Didn't see much, could have been because I couldn't see straight LOL. Been reviewing some info that I gathered from thewasp, very interesting now that I am understanding PA much better. I think there is something there for me, we shall see. Have a good one! I will be on for the Asian session.

Long the Eur/Jpy from 132.84

Closed E/J for +11 SL was also 10 pips behind entry.

Things have worked out well for me so far this week.

Traded the market open for +14, +31 on a Cable, and G/J respectively.
Then traded LO for +2, +13, again Cable, and G/J.
Today's Total:
+60pips

This comes after reviewing the trading style of the Wasp. I think I will include more on this along with some charts later today since it is US Bank holiday today(I should have plenty of time in the slow market conditions). He has some invaluable PA ideas that shouldn't go to waste.

I decided not to talk about the Wasp's trading and just post some charts instead. Don't you hate it when people change their mind for no good reason?

Here's the Cable and the GBP/JPY charts.

Oh, and a big shout out to my buddy N2FX: Hey! People only fall of the face of the Earth in Disney movies! LOL

Long reasons are well... they should be easily seen from the chart.

G/J SL hit -15 pips

New area I'm targeting to buy.

That's better closed for +32

Guess I shouldn't have exited so soon.

So I get up this morning and check the charts to find out, had I been up for the LO, I would have had several chances to enter the down trend on the G/J, and about one chance at the Cable.

It's lovely to know there are trades to be had if only after the fact, but it's so much better to see them as they are happening. I'll post the charts anyway, I kinda want to see if anyone else is awake, or listening.

Couple areas to short G/J.