Venice's Trading Journal

Starting a journal here to keep track of my ideas and thoughts on current trades. It's always nice have a resource and the ability to go back and look at them later.

I trade daily/4h and I do tend to scale into positions. Under no circumstances are you to follow my calls/thoughts/ideas. These are my trading plans and I have experienced hefty draw downs, it's all about the scaling into position.

I scale as price is going against and with me... just a friendly warning.

I currently have 3 open short positions on E/U, but will not post it since it is after the fact.

Trading method is Support/Resistance levels, Fibonacci retracements, and candle stick price action.

Let's get at it...

Currently watching A/U and the .9970 level. Could be potential for a nice short here. Even though the last two dailies have finished green, they have continued to make lower highs and lower lows...

Will check to see how price reacts around this level in a few hours.

Order didn't fill, missed it by 2.3 pips. Lovely. On to the next... Currently watching the retracement here on A/U. Price is making an attempt to close below the new daily pivot on the 1h. We are closely approaching 50% and then on to 61.8% levels.

Looking for a possible short scalp bounce off of these levels. I know I am normally long term... but I have no entries on the daily as of right now.