Lusan Journal II

Hi Lusan

Good luck with the job interview..

I see that your last charts are on the 1 hour now..

Have you extended the time frame from the 5 mins and trading longer periods now?

Thanks

...As I said before, my trading is becoming very vague...and hightly focuses on MM....let me explain...At each entrance, I consider all the charts simulatenously...a simple look as per the way of questioning the charts that fti showes us....of course, 1H-15M-5M are the key one...However, 15M leads during the day and 1H leads during the night...(that is not within fti's style)

I capture the information with the 1H because then I capture a full week of trades within a single screen...and bring some clarity to my dancing steps...(See the last one. It looks like a beautifull abstract paint.)

Think about it...in the basics, we might have a likely reversal happenning in about 5 bars of 15M or every 75 min... so...since the charts are chaotics...something similar should happens with the 1H...then you a have a potential reversal in about 5H...then you could sleep and work...as long as you come around and check your babies depending of the situation and do not overexposed yourself...

Note that time does not seem so important anymore either.

Regards,

Luis

*Warning: fti does not trade like this. I began this adjustment as a way of trading while holding a job...and it seems that it works... so far.

no worries the markets will be there always! when you are ready and good luck with the job thingy

I hope by this you mean flow.....the feel of the market...

V

I guess so....the term "feel of the market" is rather vague to me...I do not use it...I do not feel much but I see and I get the gut sensation that it going one way or the other...people called that intuition...I just do not know...for example...1D and 4H look topping right now...so it is E/$ entering further into a range? if so, range strategy...of course, it could be just another bull charge...so better to sell the Euro...etc..just thoughts...no feeling whatover...regards

i got my ans....

your one comment made me ask that question.... MM and PA only...

Till we know what we are doing..

V

Thank you for your reply, Lusan, and good luck with your interview.

Fuman

I decided to short the Euro...

why?
1. I think that it is in a range.
2. Broken 1H trend line.
3. U/J is moving against the normal versus E/U and G/U

so it really does no matter my direction much.
I will let it run and check in just before bed...
then I will decide what to do.
let us see.

Now this...a classic settup

Hard to believe...
but I smelled this bull and I trapped...
Am I lucky?
Planning to buy dollars on Sunday evening...
of course, depending on the opening behavior.

I have not post here for a while. I am planning to take a long break from FF posting. I found that trading is slowly becoming somewhat mechanical and even, though very good, I do not believe that it is healthy to my bank account. Time to reflect and reevaluate my trading activities. I will keep trading and practicing.
Still I want to leave with a nice graph that contains a lot to pounder about. See this chart. A TL in 1H touched PA eight times! What to make of this. Coincidence? Are the major trading house trading the 1H TL? I think that this is a good place to start. Good luck to anyone that stops by.

Away for a while
and
seeking for a relax way to trade
while holding a full time job.

What is the most important question that any trader could ask?
Of course,
what is the current trend!
When we know the trend,
trading is darn easy.
-think about it: if I made a poor timing trade but
I am trading with an early trend, the trend will rescue me.
I just have to wait. So I do not need to rescue
or attack anything, but just to wait for the trend
to rescue my book. Easy!-

The problem?
There are so many ways to answer it that we become confused.
So far, every answer that I found is warranted. I do not like either the dow theory, Elliots, trendline, or even eye balling.
Why?
Because they are too prone to fail.
Maybe there are no trends
but
waves within waves.
If so, double and triple stochastics
-or first price derivatives-
is the best trading strategy:
no snowbaling no stop
yes waves on waves.
-Put a Sto(50,3,3) in 1H chart
,remove the silly MA,
and see how it matches so well
the crest and wanes of 1H.
Amazing!
Pure 1H momentum view.
I wish I have the time to trade it.
Could I do the same in 4H and 1D?-

That is my current topic of interest.

Another interesting question:
when we are told to trade the Now,
what do we mean?
What is the NOW for 1D trader is NOT the now for a M15 traders.
and then we have the news to deal with.

I finding shoking that I am doing very good in my stock trading
with a buy and hold strategy...and I wonder...is it possible to do likewise
with forex....just buy and hold and track the economy and sectors?
Probably...Euro is in real trouble with this greece thing...they are doom...but it will take a while...when should I sell Euro and hold...the dollar is in real trouble with master O plans...even though, in november he might become a lame duck...which currency will dominate?
Is it time to move into trading gold instead of Euro?

Ah...give me some more wine and let us celebrate
talking to myself...
nothing better after so much forex noise.
what a day!

For example,
The slow 1H wave is going north today
and
we have a broken trend line
so
we either go north next week
or we are getting into a range.
So what should we do?
I would say that I would bias myself north
and
pray.

By the way, the sto are just there to help
visualizing the waves. I found that them
to they are great to remove the bias from the chart
and show the ups and down of PA...
or as the great master says..."waves within waves"...
so there you have it...see a fast sto within a slow sto...
a circle within a circle...
amazing!

Putting my thoughts on paper.
It helps me.
My simple analysis tells me that we should go north.
Since I am currently trading 1H,
I plan to buy Euros tomorrow.
-as long as PA does not go crazy
and drops below the last S/R.-

hey you. missed your journal entires!

Yes.
However I began again.
It is difficult to trade without sharing with others openly.
By the way, last night I sold dollar.
Very easy profit from x49 to x95.
tonight?
I wait for the day close.
Doji?
Cheers

A morning star variant after a tweezer bottom.
So north tonight.
I will seek buying opportunities in H1.
-which could take a long long time in the 1H TF.!-

What is the end of my day?
between 5:00 and 6:00 pm.
Next time I will wait until this bar is closed.
So my day will start at 6:00 pm.
This is the default for my Metatrader.
why not NY or London?
That is something to consider.
Will it make any different?

i dont think it does when its a matter of direction. the hourlies would be a good platform for analysis when you're trading the lower frames. my dailies closes at 6am gmt +8. odd. Its just a little earlier before japan starts trading. Wont complain. lol!

No much to say
but that I flipped this morning after observing the formation of this
odd PA pattern: "Falling three method: 2 white bars engulfed by 2 black."
So I shorted and set PT at 1.3200.
I collected about 100 pips while still at work.

Now we just wait until the next wave gives another opportunity to buy some dollars.
Watch out: 1D is talking of a move as deep as 1.2500.
To play long is really risky here.
Weekly: south
Daily: south
The sky seems to be falling for the Euro.

A crazy day:
Greece and the FED.
But do I really care!?
I trade the chart.
I began paying more attention to 15M.
-1H is too slow for my mood at this time.-
I seek wall castles and fibo defense lines.