Jey's Trading Journal

Well here goes, my first journal in FF.

Let's take a look at what you are doing, good or bad, and get you on the way to profitable.

Thanks buddy!

I am planning to post my trades here. Appreciate your inputs.

Eu 4 hours tf. Stops are just below the 38 fib level. TP at mid band of BB which is at a confluence with 23 fib.

Where did you draw your fibs? i.e., what were your two points?

Also, Idre just took this trade a few hours ago and you can read about it over in my trading journal. I gave her some thoughts about it that you might also find useful.

Good luck on this one, I hope we see it push into your middle BB, for your sake, but I am short from that last swing high so I hope it immediately reverses before it takes out my stop

Hey G, I pulled the fib on Daily tf. I think I could be wrong though about taking this trade. I could have forced this trade.

You are in your "demo" period, so don't sweat it. It's good you pulled the trigger. Win or lose while you are in demo, you will learn something from this trade. And that is the goal right now.

No, its not a perfect setup, but it could still work. Either way, you can draw on the experience from this one and compare it to future trades.

Yes its demo and thankful for virtual platforms. They are the next best thing since sliced bread. Your right, win or lose, I will learn from this. And thats priceless. But I will improve on my entries in future. Need to learn to pass less than A trades. Easy to say, hard to do

If you look six bars into that upswing you will then run into 2 red bars. if you draw a fib there to the top of the green bar before the two reds you will see it just touched the 38 retrace on the second red bar. It didn't close below it, but we want to respect that touch.

If we draw a new daily fib from the bottom of that red bar to where you have it now, you will notice you are at a 61% retrace of that move.

You are at 38% of the big move, 61% of the smaller move: Confluence. You have a BRN under that area for support as well. More confluence.
Now here is the question, if you would have known that ahead of time, would you have taken this trade much earlier? (Please answer yes).

If you have a strong area like this based on the daily, you are just as well off to take this trade back at 3510 as you are where you entered. But before you take a trade that early, you need to know about it ahead of time.

Had you done this, you would have already taken off 50 pips, versus sweating out your entry right here.

Again, good stuff. Don't sweat the entry and think about what I just wrote for your next trade and start planning that next trade now.

Yeah definitely see what you mean there. If I had known earlier would have entered much earlier at the 38 / 61 confluence area and maybe take some off the table at probably where my current entry is at the moment.

Am watching this and Gejordan journal.awesome stuff.
And too Gejordan am a He

Sorry about that Idre, the "her" was referring to a part of the comment I deleted before posting. I originally had some comments about my wife in between those sentences, but I guess I missed that sentence when I deleted the other stuff before posting. She yelled at me for including her in the discussion.

Thanks Idre and all the best to you as well. Ge is doing a great job with his journal. Hope we can keep up with the pace and improve.