Buildcity's Trading Journal

Yes mate, always allow bigger SL for EJ while compare to EU

Set really tight SL to BE while there was +5p, stop out again

again, no direction now and so manual cut, at least no loss.

- Entry while the price rejected from immediate support. No much movement then sharp cut.
PS - the last bar was almost pin when entry!!

Thanks mate.

Appreciate it.

I dont want to stay with this slow market right now, go back home to fix my newly delieved 24" monitor now.

See you guys later.

Happy trading all.
Eric

One more post

Bit late to enter,

Well, caught some

moved SL to BE around +7, BE again

I do have bad day but I treated today as a practice.

- 13 plays, 4 loss, others in positive side (including quite a lot of BE but no count), overall -8.9P and -$10 around

- Today trying to put a tighten SL and move SL to BE once there was several positive pips. Though overall in negative but still felt comfortable with small loss. Always looking for bigger gain to cover the losses, so without taken those in winning side with several +pips.

If you guys are old timers of Sho's thread, one of the great posts telling us there were 4 rows of long plays, 1st gain a few, 2nd and 3rd got stopped out with small loss, the 4th one was the biggest gain!! and well enough to pay off those previous loss..............

- Having reviewed my plays over the week end and reread Sho's 1st thread about 80 pages so far. Still there are something I missed previously and now get more understanding.

- I'm trying to focus on the momentum movement as Sho told us it should be the 1st priority to be considered.

- One good example per chart below, EJ M15, while the momentum was strong in down side, 38% retraced then (the top of red pin I entered), I aware there was a previous demand zone immediate below but still get in. I stopped out with -12p on this play at the following big green bar. Reviewed that I should have entered at the top of red pin (an aggressive play) if I really confident it was to be down again, but I was not. My entry was too late when there was a noticable demand zone.

Well, we will build up our experience from those losses.

Always looking for a better day. I hope this minor adjustment can pay me back some days later.

I'm off to get good sleep now.

Happy trading all.
Eric

Interesting to share this last post, today the biggest gain was from GJ; EJ, GU & UChf all gave me 50/50; AU in loss.

Whether I got a wrong combination on all five?!?!?

AU/UChf/EJ/GJ/GU

A good start

- Trend up; pullback then entry at pin;
- Moved SL to BE around +7 in hand;
- Manual cut while the minor s/r approached

Sometime no need to make the thing complicated

1st chart for entry and 2nd for exit level

Not a high profitable one, realised after entry.

- Nice pull back then pin entry with the uptrend;
- Took me 4 bars time, so slow
- Well, manual cut near the top down trend line

Some problems with my pipsometer, didnt count the total???

Here is another great input from Rob (PriceAction) and Porkpie

http://www.forexfactory.com/showpost...&postcount=102

the 6 odds enhancers

great help on trading with those supply and demand levels

Missed the EJ breakout trade (I posted on Sho's thread), .
http://www.forexfactory.com/showpost...postcount=5582
but this one is my favorite
- good supply zone up there after the news
- 2 top bars formation did make me crazy!! gogogo

a quick 15p in pocket now

A scalp play on this top down from supply zone, but the price was stalled so sharp cut.

Post on Sho's thread
http://www.forexfactory.com/showpost...postcount=5586

Its being Long time no enjoying a 20p run

Nice one! I was thinking about going long of the pin there, but it being news I chickened out Is news releases something you take into consideration?

Yes, I entered after the news around 3 mins, while those UC / EJ / GU gave me a "feel" its going to be a long play. So I picked the GU one as it would be a long play even there was no majoy news.

Thats my view

Eric