Buildcity in 2011 ~ Trading Journal

I'm riding on this..., see whether I can cover this asap

Quick profit, then took it

2 little trades are better than last night whole score

I'm off to home 1st. See you all in US session.

See pic. All day driving by news.

Shit, the GJ is stopped out by a sudden retraced and jump again

EJ is manual cut.

4 little trades only on MT4, +34p.

Whole night watching the market but didnt confident to play, news driving the market, no good for trend play

Have good weekend all.

Eric

Thanks for sharing your trades.

It really helps me to see how your mind works.

I've to appreciate all you guys' encouragement. This journal is only 4 days old and have a rating of 5 stars. To be honest I dont really know what it stands for but I think it is the hit rate per day?? If you do know what is the exact meaning or a reference link please point me to.

Anyway I have to say my plays are still in baby stage like Sho told us before, lots of mistakes and mis-understanding on price behaviour. So you guys can treat this journal as an interesting live trading room to see how crazy I'm.

No much aggressive trades like the old days. I'm trying to read higher time frame charts like the daily and H4, at the same time to play M15 scalping. So it will be less posting like the year 2010.

don't trade like me

If you do like price action trading - check out Rob's site, he is such a good trader and surely in my daily visit list.
http://www.consult-fx.com/

Or check out my recommended threads in my 1st post.

BTW, there are plenty of good methods out there, like Sho's momentum trade (and the skills how he read the market), Ken's MAs price action trading, SonicR's 34+89MA pullback trades, Francis' 5+21+65MA trading and Rob's S&D trading style etc. just pick the style that suit your personality. But after you read all their trades, finally you can find their key plays are all the combination of S&R + price action trading.

Trade well + trade safe. Once we accept there is a risk in trading, and the risk is within our managable loss, then don't hesitate to trigger our entry if it is a high possibility trade ~ in your most favorable trading style.

Cheers
Eric

Good luck with your trading, City!
All the best in 2011.

ant-

See whats the development tmr.

H1 chart and M15 chart

But remember Monday is US holiday. There may have no real force to drive the price down......

A final view on EU.....
look for 70+ pips profit please, if it works out

Daily, price is right on interesting s/r zone 1.625

No much different on H4, upward trend still..

Wait for price action...

Hi Buildcity, just see your new journal. May it will be your great year. Hope to join you soon.

Regards.

Hi mate, thanks for the visit, you too have a great year of 2011.

Haha, not a good start of the week.

I was killed by this sudden move up (who drive the price??)

Entered few candles before.

No worry.

We are in same boat.

Hey mate, today may not be a tradable market, so slow since the London opening. May be we need to take a rest for today!!

Take care
Eric

I agree.

I will buy you coffee.