(binned per thread starter’s request) GEfx Trading Journal

Here is the chart for the last post on the GBP/$:

Traded the GBP/$ today and had four trades:

Trade 1 was early and was the result of a nice pull back from the direction of the trend.



Trade 2 was the result of another pullback (actually, the next trades are, too).



Trade 3:



Trade 4 results are posted only, because of the FF limits on the number of attachments you can post.

OK, I have provided a number of examples of how I use technical analysis (TA) in my trading. In short, I do not rely on TA to make decisions for me, but use TA to enhance my decision making. I fit my TA to the real-time PA and trade from that perspective, rather than perform TA and hope that PA will fit my TA (the fallacy of TA, I think). For me, it's an approach that is very useful, and greatly improves my win/loss ratio (please do not ask because I will not provide it). I constantly back test my approach to ensure that it fits what is going on in the market (I have made several minor changes over the years), and constantly analyze the market for new and different patterns that my be forming so as to take advantage of them as they develop.

I have not provided any examples of the technical indicators that I look at, because they only play an minor role in my trading (well, at least most of them). I think this would just cause confusion, so it is off topic here.

I will check back here from time to time to see if anyone has dropped by to leave a question, and will post any new observations that I make and changes to my trading as they develop. Good trading to everyone and best wishes.

PS: The basics of my trading approach were learned about 5 years ago, and have largely remained unchanged over that time, at least in terms of the core analysis techniques. I was recently reviewing a Power Point presentation of the technique that was developed in 2005, and the technique used back then would provide similar returns today. Special thanks to my mentors from that time for a job will done!

Trending: the black line is the day trend, which is retracing; the blue line is the 4H trend, which is also retracing; the red line is the 1H trend. Let me know if you have any questions. I am currently looking at the 4H trend as a retracement of the day trend, and the 1H trend is a retracement of the 4H chart. Good luck.

Two of my trades from August 20.
One rule of trading that I follow is to enter a trade when PA is within 2 pips of the targeted fib level, and have a stop that is 3-5 pips beyond the .786 fib. This rule only applies if certain conditions are met in the previous pulse.

Hi GEfx,

keep it coming i like your views, i will be following this for sure.

regards,
dongsky

be good and be safe

Hello GEfx. Great experiences here, appreciated. Thank you and keep it please. Kindly regards, Fana

Thought I'd post my trades from today on the E/$.

Perfect trend change trading today on the euro/$:

After following the discussion on another thread re: an approach to attack mode of trading, I am adding this post on my approach to attack mode. Attack means to add to open positions as the market move in your direction. Here is the action on the E/$ from today with a few notes:







In summary, I banked the first trade at 30 pips, which is my approach every day I trade. From there, I watch for retracements to enter additional trades, and will add positions as each pulse of the move retraces to the .50 fib.

The .786 fib is important in my trading, and if breached my trades will probably hit a stop. Once a stop is hit, it sets up a new approach to "rescue" the loss as a result of hitting the stop that is about 95% accurate. More on that later.

I traded the E/$ today and wanted to post two examples of trading trend changes. Here goes:

Hi GEfx,

i really like your views and method of entry into the market. 50% retracement entry is also one method i have high success rate.

please keep it coming

regards,
eddy

Eddy, thanks for your kind words. Yes, I use the .50 retracement for entry, and place a stop at a few pips beyond the .786. From my experience, if it breaks the .786, it's stands a very good chance of reversing, at least statistically speaking. I use the -.27 to judge the progression of the trend/PA. Best wishes and good trading to you.

My trades on the euro from today:

Traded the Euro this morning and here is the trade. Not the best trading in the world but it eventually worked out for me.

First, quick analysis made when I got my charts up and runnning:


Second, this is the entry after I missed the first trade oppty.:


Result: Kind of not with it today, but I just waited for the easy target to hit and then closed down for the day.


Similar analysis on the E/J and GBP/$. Did not trade them, however.

First trades of the week on the E/$:

I have continued to trade the euro down this morning, and just entered a GBP/$ trade that moved to target pretty quickly. Here it is:

Second trade on the GBP (still in the E/$) and just chipping away at the GBP for 25-30 pips each trade.



Edit: Took 20 pips on the last push down and am now square on the GBP, but still holding my positions on the E/$. Good trading everyone!

nice and clean trade! keep it coming... good for reference

It's a snowy Saturday morning here so I thought I'd spend some time on FF. I noticed that on several threads there were questions about trending so here are a few charts on my trending techniques.

I read a post in the TAF thread about day trends and dealing with pull backs on the day chart.