Kodflakes Distortion

Wanted to sell at these points closes of the candles pointed out. However for the yen crosses home sales was coming out and for the GU and EU and a medium news was just out just another day of news in my way

This appears to be the only trade of the day will be going BE at +25 and taking profit if it stops in the the 1.32 area if it gets below there will be going to BE+10 and letting it go to TP.

Next I have decided that I will be taking the trades that are near news as lately it has kept me out of too many ones that would have worked will be taking those trades to BE either right before news or during the announcement.

This is a move I was waiting on this monring and about 15 minutes ago I thought I better check for news and of course there is a major euro and US news right at the same time of my entry

Typical! Was my tp for a short before the eur news tho

Here is the euro looking to get ready for a short i want to see price get a pinch higher before I enter looking for the blue area

doesnt look this one is gonna happpen

Right on glad to see you snatched some up

what a boring US session this is just plain boring Im done for today this just is not worth the time.

Here is a euro trade took a little over 40 pips for just over a 1:1 RR made a pinch over 1% on this one could have made 2% but I was not at the screen took out the trash and TP got hit. Did not think it was gonna make it to my zone after the small doji showed up. Took it on this as I thought it was the rejection of upper levels I was looking for.

I have had some issues with concentration and staying in the zone if you will. To combat this I have started looking for 1 trade per day before 8am My time. If I find one I take it if not Im done for the day and I go out and get away from the computer. Ive been feeling much better by doing this and making a little. Like this one I just got tired of watching it It was short time to begin with but I need to get up been in front of this screen for 4 hrs almost. But nabbed 14 pips on the GU a pinch over 1% im out and shutting down. Reason for trade is the doji kissing the top of the channel and the Resistance of yesterdays low of the day.

Here is an earlier trade on the UCHF it has been a mover lately and got a beautiful setup nice doji at the top of the channel at an area of resistance. Took it for the ride at half a position for 48 pips and a pinch over 2%. Also I was watching the Gu and I wanted to take this long trade at the arrow pointing to that wicked doji. However due to it only kissing of the mid point of the channel I passed on it. I had a really good idea it would continue but I did not want to chase it there will be more.

This setup is one of my favorites get a kiss off of the top of the channel with a nice inverted hammer confirming the are and it even came back to my area awesome. Tp got nailed and at the moment it has run 10 more pips but hey when you are measuring moves as to what the marlet should give me and it works in a few minutes things are good. Not sure if I am done for the day or not but I will be closing charts in 2 hours if nothing else shows up. 26 and change for pip count and a little over 2% for turn out

I guess I need to get better at letting them boys run huh

there may be one lst play here on the Gu but Im not too exicted there is quite a move just to get back to the area I want to enter and the the next play down is likelly to be a smaller one than what is happening now. It is still a possibility but not a great one. My other possibility is too go to the gym and then take my boys to the park and enjoy the rest of the day. Been on the charts for 2.5 hours rouglhy so made about 1% per hour good day why trade any more. Also I did some thinking last night and I need to make about 100% by years end to be a true trading pro. When I say that I mean that i will be able to replace my income with trading. My account will be jsut big enough to make my income and still add to my account to keep building the forex account. I was watching Ipman last night one amazing flick and some of the best choreography I have ever seen great job dannie yen. But it made me think about the relattion of being a master and a great trader. The movie had plenty of masters in it but only one could truly control his emotions of fear, anger, revenge, doubt, etc. He became the one to inspire a city and I cant read chinese writing but it appeared it led to the end of the occupation of china by the japenese.

Here is thw EY a quick 20 pips price came back to a previous S/R zone and was previously rejected in the same area and the top of the channel sends it right down.

well Im done for the day this week has been good so far 3 trades 3 winners

No trades today but I was looking at this and I have been trying to create solid rules about entering on divergance. Here is a great example of why it can work when things are lining up.
1. There is a S/R zone at 2830-2820 where it has just bounced off of a few times.
2. There is an extremely good divergance pointing at almost opposite directions notice the orange arrows.
3. Price has failed a few times to get down and keltner is pointing up.

Problems with taking the trade:
Major US news at the confirmation of the trade.

It did not reach the bottom of the channel however with all other points you just have a larger stop conservative or use the doji on the white line to enter and leave the stop a few pips below the doji or go with a 15 -20 pip stop to get outside of the channel.

Here is one of my favorite setups I look for hammers confirming a bottom throw 1% at them using the bottom of the candle as a stop and the top of the channel. I do not have a solid percentage on the consistency of this setup yet but that is one of the reasons for this journal. Turn out of trade made a pinch over 3%

I was waiting on this all monring and I am not taking it. Was watching the EY also but the euro took it right through my area no entry there either. Hey that is trading but I did not jump on they GY even though it was right where I wanted it something I was doing a couple of weeks ago another good day at the charts

Here is the Gu and it had some really solid signals to enter longs before the news came out one of the reasons I passed on the GY. Now notice that big old engulfing candle for me this means very little except watch the area which I highligted next to it. Next came a long wicked hammer news inspired if I remember right wasnt wathcing the GU this morning. Now that hammer helps confirm that area from the engulfing candle next notice the cahnnel is right there and it is almost oversold and there is convergance(reversal possible) When all these things happen it is has very good possibility of going north but with home sales coming out I had no thoughts of testing it.