SolomonFX Trade Journal (The Eye Of Solomon)

The SolomonFX trade journal is my personal record.

In this journal I will showcase the methods in which I use.

7 years ago a man set out on a journey armed with nothing more than a desire and idea;
Many late nights spent sharping and fine tuning indicators, thousands of hours spent pouring over charts back testing and refining. Tearing apart and re-building. Devising strategies and methodologies for all types of market conditions.

The systems and methodologies I use have been studied relentlessly.


I will be posting my charts with my personal annotation for greater understanding and clarity.

My goal is a continuing effort of refining my trading skill, refining it to razor's edge performance.

Regards

Jeremy

Looking ahead to the new week offers plenty of opportunity to grab some pips. The economic calendars are full of big ticket items.

I will be starting my trading around London Open on Monday.

Charts and Analysis will follow this week...

Regards

Jeremy



Trading requires discipline and a sound mind. To be successful over the long term one must have mastery/understanding over 3 distinct areas.

1. Money Management

2. Technical prowess

3. Fundamental insight

Looking forward to this one. Presumably you will be tracking stats for each system seperately?

I won't be tracking individual stats for each system. The name of the game is capital gain, so It will be a collective effort of all the systems I have at my disposal. However every chart I post I will list the trading strategy I used when making the trade.

I make around 2-5 trades per week depending on market conditions, sometimes less. I look for high probability setups and
what I like to call "100 Pip" opportunities.

The systems/strategies I will use depends largely on the session I am trading and market conditions such as range bound or trending markets.

As this journal progresses you will not see a pattern in the systems I employ for my trades. I use different systems depending on market conditions. Sometimes one of the strategies is calling for a trade whereas the others are not.

The Clarity System is the most versatile and will usually have more trade set-up's than the others.

Regards

Jeremy

The attached chart shows the Dow Jones Industrial Average(Daily). It's looking like we may have a reversal from the current uptrend.

This will have a positive effect on the USD and a negative effect on the "risk currencies" such as the EUR, AUD, GBP, NZD.

Thanks for the in depth reply but the obvious question to ask is how do you know what system is making you what gains? Are they all definitely profitable systems? How do you know if their profitability changes over time? Only a minor point, the charts look great.

A very nice trade. Very nice momentum to the Central Pivot Point from R2. All indicators were dancing the same dance as price action. This trade was based on the Wilson Complete.

Nice trade to start the week off with.

Standing aside until new pivots and Toyko/London Open tomorrow.

Happy Trading To All

Jeremy

Miss timed entry and herky-jerky price action made for a not so nice session.

Tuesday Notes



Standing aside until London Open tomorrow

Regards & Happy Trading

Jeremy

Remarks are included on the chart. This trade was pretty smooth after the initial whipsaw

Waiting for trending momentum to kick in around London open. If price is able to break the Central Pivot to the downside I am betting it just may continue to Support One or a retest of yesterdays low at 1.3024.

Closed trade around break even. Not enough momentum to carry price to my target.

Markets may be range bound and lacking momentum leading up to Non-Farm Employment Change due out tomorrow.

Currently waiting for London open to establish a trend and momentum. Waiting patiently for price to tip its hand.

Non-Farm report due out in 8 hours.

Catch-as-Catch can market.

A quick note on market BIAS going into next week.

I am eye balling a potential short trade on the EUR/USD. The only thing I am a little Leary about is the 4 hour chart. Looks like there may be some upside potential... As always I let price confirm my trade. I will only take a short if momentum is compelling enough to carry it to my target.

I am looking for a potential contrarian reversal short play. Hard stop at 1.3280.

Could this be consolidation for the next leg up? Not likely so...

I won't rule anything out until London Markets come online..

Looking at this 4Hour chart and the candle patterns I cannot help but think we are about to see a full-out reversal in the coming session.

The shorts may be taking control of this market sooner rather than later...

I did forget to mention that we have a Pennant formation on the one hour chart. Which in this case is a bullish continuation pattern *most of the time.

Could this mean we might see some upside potential before a retracement? I will not rule that out.

Standing aside until London markets come online and the "smart" money tips their hand.

Either way this will be an interesting ride and there are plenty of pips to be had for the patient trader.