My trading Journal

I am using Hotforex as a broker and now there is no connection.

Dont know what happenned to them...... I am trying to talk with a represantative......

I can connect to the internet, but I wonder why MT4 is saying "No Connection"
:O

MT4 is now normal..... but cant draw reaction lines :@ because there are gaps....


HotForex broker problem...i guess...

I should wait for tonight ...

I am now going long on NZDUSD . Following the Hagopian rule. Missed important trades because of Hot forex .

From the attached chart you will see a gap (Dont know why there is a gap )


See the chart for more details

currently going short on USDCAD and GBPCHF

expecting price to reach the median line..

There is a nice setup on USDCHF...if price reaches the grey eclipse i will enter long expecting price to reach the median line...

otherwise will follow hagopian rule... For now it is a good idea to go short...but i will wait and see some action before going short ....

Currently going long on GBPUSD ....

Upper trigger line have been penetrated and i am expecting price to reach the median line

Netted +180 pips this week from 4 trades . 1 loosing trade and 3 winning trade..


EURUSD looks interesting....

This week i got a book from a friend of mine. That book explains some serious stuff which I have never seen from any other book.

Here is an excerpt from that book. I thought to post the book here.

1)GMT 23 to 7 and then GMT 12-16 .. They are the markets busiest fourteen hours., There are more traders, so volume and volatility increases

2) 31% of GBPUSD Trends occur on Thursday (H4)

>>> Friday is a good day for trends to begin
>>> If you are an agressive trader, you would hold the trades through the weekend
>>> If you are conservative, you will exit either on Thursday's or Friday's close
>>> 81% of trends occur from 1:00 am EST to 13:00 pm EST
>>> The most active time in terms if trend beginning is 5:00 - 9:00 am EST
>>> 13:00 pm EST is the time that trends are least likely to occur
>>> Very best day to trade GBPUSD is Thursday and the best hour on Thur. is 5:00 am EST
>>> Median length of a trend before a retracement is 11 bars
>>> Trends range from 4 to 44 bars , 74% of trends range from 6 to 17 bars
>>> 75% of price moves are 50-150 pips

The book is attached..it is very informative

Have a nice weekend.

When I looked at GBPCHF i saw a possible entry...so i entered long. I was little sad that I missed the double bottom :@

Using a tight SL .....

GBPCHF long trade closed with a profit of +9 pips. I had to close the trade, because my target reached.

I may still go long on GBPCHF, but trading for this week is OVER for me.

Guess what , Monday will be interesting. A fresh start.

All Traders, do rest well and Good Luck for the upcoming week.

Have a nice weekend.
See ya

Now I am going short on USDCAD...

Expecting price to reach the median line and there is an EMA croosover...actually this is a late entry...

Now adjusting SL and TP

I have closed the trade with a profit of +34 pips.

That was a nice trade.

Now let me look for more nice setups........

I think that is enough for a Monday, because usually Mondays give me bad trades...

There is a potential sell-setup on this pair.

I will enter the trade when the Yellow MA breaks, and expect for the median line.

when price breaks that line (with a thumb up) we will go short.

For now patiently watching

by the way..i opened a micro account with insta forex

Currently going long on USCAD . TP is set and now looking for a place to keep the SL .

MA is broken...so now selling EURGBP

Closed the USDCAD long position with +20 pips .

and EURGBP trade with +5 pips ...still trade is open

currently going short on USDCAD .

Last night i went a short order in USDCAD and expected price to reach the median line. However pprice didnt go according to my favor and i had to close the trade with -9.4 pips . (Fair wnough )

Now going long and expecting the white MA (the median line ) . There is a MA crossover to the upside .


See the attached image for more details

Currently going short on GBPUSD and EURGBP

Will attach charts later