My Trading Journey thus Far

Back again...

OK well I don't take trades on Fridays BUT many reversals are setting up on the charts:
I'm going to bend the rules and either live or die by the sword with this trade.

Test16: NZDUSD SELL. It's right up against structure, a hangman candle close, DBHLC, way overbought, also a perfectly harmonic movement look back AUG-OCT.. I'm taking it. STOPS,TGT,ENTRY on the chart.

Obviously could be wrong and that will ram the play strictly by your rules theory back down my throat.

Tues update: Both positions are alive and well no changes to stops or targets. No new positions.

Wed update: OK I'm making a few reckless mistakes here. Test16 NZD sell is barely hanging in there, came within a few pips of death. Firstly I broke my Friday no trade rule. Then when it closed higher on the friday close I should have enforced my " Graceful exit " rule. I would have been out at BE. So these are tests but I'm not enhancing my trading career by not following my own rules. Now I'm just letting it ride, no changes to stops.

Test15 EURCAD is going ok. Again I should have exited this trade last night with a +200 pips profit. It has taken out the previous daily structure high which is clearly going to act as resistance now.Greed at play...I have now moved my stop just below the last swing low at 1.3769 for a profit lock in of 40pips. Again if this trade falls over from here it will disappoint that my first target objective which was met was not adhered to by me and my plan.

A few reversals are well on their way which I missed due to fear. Watching CHFJPY as a possible trade setup will discuss next post.

TEST 17: CHFJPY SELL. Other Yen pairs have fallen, this one is the toughest and perhaps last to fall. The close of last week put in a weekly ABCD pattern. Price is also at a 61.8 fib retracement level of the weekly swing high-swing low. The daily shows an ABCD pattern at a 141.4 complete. RSI overbought on weekly and daily charts. A bearish outside bar close gives confirmation for a short term reversal.
My Entry: 93.36 STOP 94.48 TGT 91.55 which is very strong support on a weekly chart( my top purple line).
Daily Chart below

Thurs update: Well this morning I have closed out all positions. I'm flat till some further analysis over the weekend. Reasons being I believe I've been over trading and not fully analyzing the new positions I'm taking. Also some busy family issues which are taking up a lot of time and thinking. The daylight savings shift has also caused the closing day to occur earlier which means I'm getting to my charts pretty late with new moves sometimes all ready underway.
A few days off I believe will be a positive move.

Test 16: Loss -116 pips

Test 17: Draw

Test 15: Win +181 pips

Monday Morning:

It looks to me like its going to be a risk averse week which will see JPY and USD strength. Lets see.

I was going to re enter the sell CHFJPY trade but its done a runner before I got there maybe tomorrow.

On Friday I had placed a limit order on the AUDUSD in search of a possible double top and it was filled. This will be test 18. Entry 1.0574 Stop 1.0630 TGT 1.0252. Looking for a big pullback here back to a strong support level and a 382 retracement of this last leg of the move.
Chart below:

Also I have Test 19 waiting on a pending order: A USDSGD buy. This has completed a perfect ABCD on the weekly. This morning it also did a runner before I got to the pc but have a pending order waiting at 1.2435 if it re visits the daily pivot. Post chart of this one up tomorrow.