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Josh's D/W Trades

  • #1
  • First Post: Edited May 4, 2010 10:49am Apr 9, 2010 4:09am | Edited May 4, 2010 10:49am
Josh's Trades
This will include trades I take on daily and weekly timeframes (and occasionally 1/4hr). My reasons for starting it:

- Accountability. I take some trades that I should not and I need to stop doing that. Maybe if I know I have to post it for the world to see, I'll learn faster.
- To have my trades organized in one place. I'll be taking trades using Price Action. There are a few things I've changed but nothing major. More just incorporating PA.

I don't plan to do a whole lot of conversation here. This will be more to simply show my trade(s), explain why I took it, what happened, etc. Instead, please feel free to email or PM me with any comments or suggestions you may have. I'd like to keep this thread as clean and focused as possible.

At this point in my trading, I have studied J16's thread and price action in general for over 15 months. I demoed for 3 mos on d/w charts. Then live for 6 mos on d/w. Also 2 mos of 4hr demo, and 1 month of live 4hr. 4months of demo 5min (e/u only) using BB, RSI(6), and PA and now a few months of live 5min.

Most of the trades posted here will be based on the strategies James16 Chart Thread http://www.forexfactory.com/showthre...331&page=40190

I will become profitable at trading. I will work at this "as long as it takes." I will use trading to fulfill the vision I have for my life. Trading is a means to an end for me. It is not the end.
  • #2
  • Apr 9, 2010 4:13am Apr 9, 2010 4:13am
I entered this daily pinbar off a retracement on the 4hr. It wasn't a great looking pinbar on the 4hr, but it was at a good location.
1/2 off at 0.7103, stop to be. Nearly stopped out before we now have made new highs.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ncad 040710 day pb.gif Size: 31 KB
Click to Enlarge Name: ncad 040710 4hr entry.gif Size: 23 KB
  • #3
  • Apr 9, 2010 4:15am Apr 9, 2010 4:15am
Technically, a BUOB. We have been sitting on this level for a while now and have had pinbar shaped bars the last 2 days.
I took this trade on demo as I wasn't around at all yesterday to manage.

Stop moved to 1.5280, under today's (4-9-10) low.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 040810 day pb.gif Size: 22 KB
  • #4
  • Apr 9, 2010 4:20am Apr 9, 2010 4:20am
I took this trade more as a breakout than as a strict criteria for a pinbar. Each of the last three days have resulted in a testing of 1.5150 and then rejecting it, and closing near the day highs. Entered at 1.53 and watched closely to see how price reacted on today's break. After some sideways movement, we broke out higher, to exactly the place I marked.

1/2 off at 1.5364, stop to b/e.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gu 040810 day pb.gif Size: 40 KB
Click to Enlarge Name: gu 040910 day update.gif Size: 32 KB
  • #5
  • Apr 9, 2010 4:40am Apr 9, 2010 4:40am
Quoting Jduester
Technically, a BUOB. We have been sitting on this level for a while now and have had pinbar shaped bars the last 2 days.
I took this trade on demo as I wasn't around at all yesterday to manage.

Stop moved to 1.5280, under today's (4-9-10) low.
Decided to drop this one. Not near as strong a move as the others and it's just sat near the entry/drawdown the last 36 hours.

out at b/e
Attached Image (click to enlarge)
Click to Enlarge Name: gbpcad 040910 out.gif Size: 22 KB
  • #6
  • Apr 12, 2010 4:35am Apr 12, 2010 4:35am
Quoting Jduester
I entered this daily pinbar off a retracement on the 4hr. It wasn't a great looking pinbar on the 4hr, but it was at a good location.
1/2 off at 0.7103, stop to be. Nearly stopped out before we now have made new highs.
update 4-11-10: 1/4 off at 0.72136
  • #7
  • Apr 12, 2010 4:37am Apr 12, 2010 4:37am
Quoting Jduester
I took this trade more as a breakout than as a strict criteria for a pinbar. Each of the last three days have resulted in a testing of 1.5150 and then rejecting it, and closing near the day highs. Entered at 1.53 and watched closely to see how price reacted on today's break. After some sideways movement, we broke out higher, to exactly the place I marked.

1/2 off at 1.5364, stop to b/e.
G/U Update 4/11/10: 1/4 off at 1.54474

Quoting Jduester
I entered this daily pinbar off a retracement on the 4hr. It wasn't a great looking pinbar on the 4hr, but it was at a good location.
1/2 off at 0.7103, stop to be. Nearly stopped out before we now have made new highs.
N/Cad Update 4/11/10: 1/8 off at 0.72136
  • #8
  • Apr 13, 2010 4:52am Apr 13, 2010 4:52am
Quoting Jduester
I took this trade more as a breakout than as a strict criteria for a pinbar. Each of the last three days have resulted in a testing of 1.5150 and then rejecting it, and closing near the day highs. Entered at 1.53 and watched closely to see how price reacted on today's break. After some sideways movement, we broke out higher, to exactly the place I marked.

1/2 off at 1.5364, stop to b/e.
Exited final part of position on this yesterday. Gain of 0.49R overall.
Attached Image (click to enlarge)
Click to Enlarge Name: gu 041310 pb later.gif Size: 32 KB
  • #9
  • Apr 14, 2010 5:24am Apr 14, 2010 5:24am
Quoting Jduester
I entered this daily pinbar off a retracement on the 4hr. It wasn't a great looking pinbar on the 4hr, but it was at a good location.
1/2 off at 0.7103, stop to be. Nearly stopped out before we now have made new highs.
Stopped out of remaining 1/4 of position early this AM. I'm pretty happy about how I managed this trade. I took some off at the upper trendline, which proved to be a big stumbling block. I eliminated risk early on in this trade. I was mindful that I was not trading with the trend, which can prove deadly without tight management on the higher tf.

Overall, gain of 1.45% on the trade.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: ncad 041410 4hr later.gif Size: 23 KB
Click to Enlarge Name: ncad 041410 day later.gif Size: 25 KB
  • #10
  • Apr 14, 2010 2:48pm Apr 14, 2010 2:48pm
very nice jedu...i m still learning the j16 hope i can find the right way of trading...thnx once again great analyising and trades .


Muhammad
FxHome
  • #11
  • Apr 22, 2010 9:36am Apr 22, 2010 9:36am
Entered this BEOB with expectations of a retry at 0.7000. Broke the bar and nipped my stop order to enter, then retrace/sat.
I dropped 1/2 of the position on the break of yesterday's high (0.7115). Holding 1/2 for now but will look to exit well before a full bar loss.
Attached Image (click to enlarge)
Click to Enlarge Name: ncad 042110 day.gif Size: 31 KB
  • #12
  • Apr 23, 2010 3:06pm Apr 23, 2010 3:06pm
Quoting Jduester
Entered this BEOB with expectations of a retry at 0.7000. Broke the bar and nipped my stop order to enter, then retrace/sat.
I dropped 1/2 of the position on the break of yesterday's high (0.7115). Holding 1/2 for now but will look to exit well before a full bar loss.
Exited the remaining today at 0.7177 (50/61 FIB failure)

Loss of 0.40%
Attached Image (click to enlarge)
Click to Enlarge Name: ncad 042310 later.gif Size: 25 KB
  • #13
  • Apr 26, 2010 6:51pm Apr 26, 2010 6:51pm
Entered this today on the break of the BEOB at 5.8702.

Stop above today's high and major PPZ/BRN (5.90) at 5.9100.

A little over 1/2 profit taken at BRN/PPZ/first trouble zone, 5.85592.

This pair has such a wide spread. Makes it very inefficient to trade. Spread was 30pips most of London, which was fine. But ballooned to 100 pips (20% of my stop) after US close. Currently 60pips as we await Asia open.
Attached Image (click to enlarge)
Click to Enlarge Name: usdnok 042610 day.gif Size: 32 KB
  • #14
  • Apr 27, 2010 8:26am Apr 27, 2010 8:26am
Quoting Jduester
Entered this today on the break of the BEOB at 5.8702.

Stop above today's high and major PPZ/BRN (5.90) at 5.9100.

A little over 1/2 profit taken at BRN/PPZ/first trouble zone, 5.85592.

This pair has such a wide spread. Makes it very inefficient to trade. Spread was 30pips most of London, which was fine. But ballooned to 100 pips (20% of my stop) after US close. Currently 60pips as we await Asia open.
Cut the remaining when we ran through 5.9RN. (Spread was 20 most of morning). This trade was managed perfectly. Took some off at first trouble area/BRN, and let remaining work, with stop tucked behind BRN.

Loss of 0.18%
Attached Image (click to enlarge)
Click to Enlarge Name: usdnok 042710 later.gif Size: 27 KB
  • #15
  • May 12, 2010 1:44pm May 12, 2010 1:44pm
2 Inside Bar, entry long early this afternoon after trading inside the range most of the day.

Will be watching 1.2545ish, the first trouble area.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd 051210 daily.gif Size: 24 KB
  • #16
  • May 13, 2010 4:45pm May 13, 2010 4:45pm
Quoting Jduester
2 Inside Bar, entry long early this afternoon after trading inside the range most of the day.

Will be watching 1.2545ish, the first trouble area.
Price did indeed move to the first trouble area but then fell back to 1.25. I had moved my stop to b/e and was taken out.

B/E on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd 051210 fta.gif Size: 25 KB
  • #17
  • Edited 7:45am May 14, 2010 4:56am | Edited 7:45am
Continuation BEOB. Nice that the high broke the prior two highs and then we closed at the prior lows. some hesitation, but once we were stopped into the trade, it ran really nicely right through first trouble area. Trade filled at 3:02am local time, before I got up.

Stop to b/e now and will watch if we can break through 82.00.

Briefly broke through 82, but then came up and stopped me out within 2 hours.

B/E on this trade.
Attached Image (click to enlarge)
Click to Enlarge Name: chfjpy 051410 day.gif Size: 22 KB
  • #18
  • Dec 16, 2010 7:17pm Dec 16, 2010 7:17pm
Forgot I even had this thread. Here are the daily's I currently have going:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: usdcad 121610 daily.gif Size: 35 KB
Click to Enlarge Name: eurnok 121610 daily.gif Size: 36 KB
Click to Enlarge Name: eurnzd 121610 daily.gif Size: 35 KB
  • #19
  • Last Post: Dec 21, 2010 4:58am Dec 21, 2010 4:58am
Quoting Jduester
Forgot I even had this thread. Here are the daily's I currently have going:
Update:
- U/cad - cut it at -0.5R
- eur/nok - profit at 1.9R
- eur/nzd - b/e

Also took a trade on the daily inside bar on cad/jpy. profit at 1.4R

Done for 2010.
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