Lusan Journal III

Hi LuSan,

Mind if i ask which broker's chart u using? My daily candles look different from yours...

I think its OANDA

V

Hi V,

Don't think so you know. I am on Oanda...

Oanda.

I thought about changing it...to go as most people...I do not believe I can...
However... then I realize that I look at the daily about 7:00 pm...every day...the current bar would cover fully london...fully new york...
Since I mostly care about the NOW momentum in the daily chart...then the candle tells me about the momentum in that time frame...so I keep it and I changed my analysis from a closed bar to the current present bar...
Cheers,

Sell the lady.
Traders bought with their feet.
Unless they full revert, tonight and tomorrow morning,
the bulls will be slaughtered. The EC meeting will nail it.

Ah okay. Thanks LuSan!

Just wondering if you will be posting trades in your journal...

So....
candles did not lie...Still sell the lady

And this one..

Nath...I am always in the market...No need to post trades..I analyze the daily trend...and I follow it...Sometimes during the day...I look at the charts with my iphone and I just do whatever I feel like...I mean...I go with my feeling...does is feel right to close the position? Does it feel right to enter again?..if so...I do as per my last analysis...For example...right now I feel that we just got a big south run...so the shorts will try get their profits...so PA might go north...Do I need to do anything? Nope. I am not day trading...

I allow myself to go south only...NEVER against D1...NEVER...If PA chooses to go north...I check D1...as long as the D1 trend is south, I sleep where...if D1 is unclear as the last days...I get a little nervous...but I trust my analysis above or else...so wait wait...patience pays...

This is my own adaptation of whatever I learned in TAF H1/M15/M5 to the higher TF, W1/D1/H4...If you want to see the same approach that show all my insanes trades in the faster TF, you might want to see my previous Journals...they conform better to the dance...though now I see them a very rigid and almost blind...How the heck I survived?!

Warning: my journal shows my thoughts about PA. I do not claimed to teach anything, guide anyone, or I give trading signals. When I say, "sell or buy", I am talking to myself. Anyone that follow what I do, does it out their own free will. Why do I share this? Because I feel part of the forex factory community. I learned a lot from many kind and unknown people. I want to pay back those that help me selfishless. Good trading to all. And let me have more wine.
Cheers.

Did we change direction?
Is the lady going north?
Weekly is warning me by going above 1.2300
However, not yet...so..
Do nothing strategy
I will hold, wait and see.

1. If selling, I would hold,
2. If buying, I would go flat.
3. If flat, I would wait.

Nothing was decided today.
PA played the doji thing.
North or South?
Nothing but a gray cloud.
Current strategies:
If buying, go flat.
If selling, wait.
If flat, wait.

No much changes this week.
It seems that bulls lost their strength.
Bears appear to be back.
No change in strategy.
Let's see.

Are the bears back?
The bulls held their own at 1.2325.
That is the wall...If broken the bulls will leave the battlefield.

I will be on vacation the next days.
Next update on Sunday.
By that time, we sure will know who won this battle.
Strategy
If long, do nothing.
If short, do nothing.
If flat, stay flat
and be ready to sell the lady
if the wall is broken and the bulls
run away.

In doubt,
E/G looks pretty bearish--> Sell it
E/Y looks at knife edge--> Sell it, too.
How come:
I began analyzing those using D1/H4/H1.
But that is another story.

It seems that we are with the flow.
Now what is the monthly telling me?

Week review

Southbound? Northbound? Unclear.
Bears were not able to win the friday.
Strategy
If long, do nothing.
If short, do nothing.
If flat, stay flat
and smell the flowers.

The lady is coming late to a party.
A northbound late train.
What to do? Uncertain territory
ABCD came to be.
So
a waiting strategy
If long, do nothing.
If short, do nothing.
If flat, stay flat
and smell the flowers.

Regarding the other women

E/G seems to be selling itself to the market
E/Y and E/U dance together...watch out.

You taking a longer approach now? I think I remember you trading on the minute charts before?

A lot of uncertainty but the bears
seems to be winning this week.
At this rate, it might be a weekly daily candle.
PA was unable today to deliver the next climbing wave.
A typical failure of an ABCDE pattern in a counter trend.
So
Nothing new yet
So
a waiting strategy
If long, do nothing.
If short, do nothing.
If flat, stay flat
and smell the flowers