Kodflakes Distortion

So here is a swing I took last night took some time for it to go though. Had to take a larger than normal stop so the leverage went down on this one. Actually had a 40 pip stop on this, got in at 5269 and it ran right for the TP at 5170. Now this is a breakout trade that just worked perfectly.

So here I had a bit of just not ready happen. The first entry was great off of a long channel that had immediate drop and in order to let it run I went to BE +1 and it spiked up to take it out then I saw it and got back in for a few should have been a 40 pip fall instead of 1 and 17 so be it.

Were bidding 6 schools over this week and next and Im just not into anything right now so here is one I should of just zeroed and let run but I do not think it will took a real tight stop on it and I went in a little heavy but it took a good dip hesitated good night

Seems like you are going solo on this but trust me man this is nice.Would be reading your thread all over again learning some pretty good stuff.trust me man u are not alone!

@ Larry Im just trying to get some solid info built up then I plan on opening a thread your welcome to post. The problem with having a thread is some of the BS it goes through on journals people tend to stay away and right now Im studying the system and trying to keep any negative people out.

So here is a couple of areas Im looking at right now I have been in a bidding frenzy and not even half way done so my posts will be scarce for a another week or so. Still have a day job.

The euro is pretty well mapped but news is close so may not get either one. At the moment both the EY and Euro are close to the third touch and even though they are looking to be set to jump now Im waiting till the fed is done in another hour

Again another area to look at may be messed up by berny and his BS but who knows here is the GU area is the bottom of the channel running through the box

I entered on the GU only on all these setups seems to be the more likely to go to me. Small position may re-enter if it gets back around 40 again

Here is the exit with the previous candle not being able to make new ground and the one I exited on heading straight down right off the bat I figured it was time to take it out at 27 pip roughly. This was a small position because of news so just a pinch over 1%


got another limit at 48 looking for long coninutation

Here is a possibility on the euro looking for a slow climb for entry if it jumps with any strength I probably will stay away from it price dictates evrything in this.

I made a small mistake today but one Ive made a couple times now. GU needs more than a 10 pip stop. So I have a blue channel plotted off the 15 woke up to this big move and had a good idea it would continue so I took the entry off a touch of the 15m channel after it got stopped I went back to see why. Notice the yellow channel its plotted of the 1hr. Right after the stop it drops

what was your net for today mate? spikey ass day :o

-20 or 2% because I took lack luster entries the stops would have worked on proper entries right on the channels. 2 trades on ther GU ill post in a second

cool man cheers, i'm practically the same

Here is cad trade I had an ideal setup and it may still prove valid but Im taking the limit off as I do not want to leave it on the board I will only be entering on limits at the channel ends. In some instances it may blind entries but I have noticed that the third touches in the middle of london or NY session tends to play out. Now for ascending channels this is what I look for on A+ entries.

Gotta love it when you get fills like this

This will be the last trade of my week if it presents it self

.9 of a pip hate it when that happens

Now this blue channel is far from confirmed and with it being sunday i will be watching it I believe it will play inside the two channels until a direction is made. the orange channel is plotted off the 4hr and will probably be the one that is more likely to hold. I would like to enter at about 5330-5350 but that will be likely to be in london or early ny.

I took a scalp off the blue channel I did not expect it to play far so went in medium for a ten pip gain

Here is an example of one that was just a plain loser. This is the third touch and being the time of day it was is why Im saying I should have stayed out the market is thin and during this time of day there has been many strange moves on the euro. So no sweat went in small got a bad fill due to my brokers connections at these times and lost 1%