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  • #81
  • Sep 19, 2012 1:28am Sep 19, 2012 1:28am
Fundamental & Technical Setup.

Charts below. Will comment as we get closer to entry.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20120917_USDCAD_W.png Size: 11 KB
Click to Enlarge Name: 20120917_USDCAD_D.png Size: 11 KB
  • #82
  • Sep 19, 2012 1:44am Sep 19, 2012 1:44am
Each chart is a Technical Setup with a S/R level flagged.

I would look at taking these trades on a reduced risk due to the volume of trades I would be taking.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: GBPUSD Spot.png Size: 14 KB
Click to Enlarge Name: NZDJPY Spot.png Size: 14 KB
Click to Enlarge Name: EURUSD Spot.png Size: 13 KB
Click to Enlarge Name: AUDNZD Spot.png Size: 16 KB
  • #83
  • Sep 19, 2012 11:52pm Sep 19, 2012 11:52pm
Quoting mypipbull
I think it has shown its hand here and I am looking to sell a pullback assuming the Bar4 High remains intact.
Orders placed about Bar6.

[email protected] [email protected]
Attached Image (click to enlarge)
Click to Enlarge Name: 20120919_Soybeans_D.png Size: 11 KB
  • #84
  • Sep 20, 2012 7:53pm Sep 20, 2012 7:53pm
Quoting mypipbull
Orders placed about Bar6.

[email protected] [email protected]
Position opened overnight. My deal feed and my analysis feed show the bar shape a little different. The analysis chart shows a Bearish Outside Bar, but my deal feed shows a strong bear close bar without the spike up. The high of yesterdays bars on both charts are basically the same anyway. This is due to my deal feed (CFD) trading outside the 'real' market hours.
Net result is I am short.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: 20120920_Soybeans_D1.png Size: 37 KB
  • #85
  • Sep 20, 2012 8:10pm Sep 20, 2012 8:10pm
Bar8 - Is a pullback with a LL and a LH, also had a strong close up (forming a pin bar)
Bar9 - Created a HH but then closed well towards its low.

These are opposing pin bars and obviously there is some indecision here.
This is a choppy pair....pretty evident when you look at the PA.
So my stop has been raised to 1.5750 (below Bar8 Low).
This does lock in profit should price tank.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120920_GBPCAD_D.png Size: 12 KB
  • #86
  • Sep 22, 2012 3:21am Sep 22, 2012 3:21am
Open Positions

Gold [email protected] [email protected]
Higher High made (less than convincing close though) stop moved up to recent swing low

USD/CHF [email protected] [email protected]
Stop moved down to above the Sep20 High.

AUD/CHF [email protected] [email protected]
No change in stop orders over the weekend.

GBP/CAD [email protected] [email protected]
No change in stop orders over the weekend.

Soybeans [email protected] [email protected]
No change in stop orders over the weekend.

Orders Placed

GBP/USD [email protected] [email protected]
Flagged this as a technical setup last week and COT now shows GBP bearish. Friday printed a pin bar (failed breakout) at a previous very obvious resistance level at 1.63. I am attempting to get in a bit early so have reduced risk to 1% for this trade.
Selling a break of Bar1 with SL above High.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 20120921_Gold.png Size: 12 KB
Click to Enlarge Name: 20120921_USDCHF.png Size: 11 KB
Click to Enlarge Name: 20120921_AUDCHF.png Size: 11 KB
Click to Enlarge Name: 20120921_GBPCAD.png Size: 12 KB
Click to Enlarge Name: 20120921_Soybeans.png Size: 12 KB
Click to Enlarge Name: 20120921_GBPUSD.png Size: 10 KB
  • #87
  • Sep 22, 2012 7:42am Sep 22, 2012 7:42am
Quoting mypipbull
Open Positions

Gold [email protected] [email protected]
Higher High made (less than convincing close though) stop moved up to recent swing low

USD/CHF [email protected] [email protected]
Stop moved down to above the Sep20 High.

AUD/CHF [email protected] [email protected]
No change in stop orders over the weekend.

GBP/CAD [email protected] [email protected]
No change in stop orders over the weekend.

Soybeans [email protected] [email protected]
No change in stop orders over the weekend.

Orders Placed

GBP/USD [email protected]...

Amazing ..i normally always visit Chris ( clockwork thread )..and read all the great Analysis.. by the posters there ( you obviously being one them )..BUT i never thought to have a look at your Journal... Until TODAY...
So just wish to say hello ..and will pop in time to time ..
Great Work regards to reading the PA bars...

Just wondering ,what particular trader or Book etc etc ..changed your Trading Style.. to what it is Now..
My prefered choice is CandleSticks on M1 and W1 TF...
But all the best and take care

baz
  • #88
  • Sep 23, 2012 3:16am Sep 23, 2012 3:16am
Quoting baz
Amazing ..i normally always visit Chris ( clockwork thread )..and read all the great Analysis.. by the posters there ( you obviously being one them )..BUT i never thought to have a look at your Journal... Until TODAY...
So just wish to say hello ..and will pop in time to time ..
Great Work regards to reading the PA bars...

Just wondering ,what particular trader or Book etc etc ..changed your Trading Style.. to what it is Now..
My prefered choice is CandleSticks on M1 and W1 TF...
But all the best and take care

baz
Hey Baz,

Thanks for your kind words.

In a nutshell I loosely analyse COT fundamentals as per Larry Williams and Floyd Upperman's books.

I analyse and trade price action based on Al Brooks books. Al's books give you a headache to read but I learnt so much from them. It makes me look at price (candles) in a very different way than I used to.

I trade way less than I used to and this is proving to be much more profitable. I trade and look at Weekly and Daily only and make decisions here. It is way less stress up at those time frames as I'm sure you would agree.

Also, since I began a public journal my trading improved.....funny that...nowhere to hide.

Thanks for the visit feel free to pop in and comment.

Good trading.

Mike
  • #89
  • Sep 23, 2012 4:07am Sep 23, 2012 4:07am
Quoting mypipbull
Hey Baz,

Thanks for your kind words.

In a nutshell I loosely analyse COT fundamentals as per Larry Williams and Floyd Upperman's books.

I analyse and trade price action based on Al Brooks books. Al's books give you a headache to read but I learnt so much from them. It makes me look at price (candles) in a very different way than I used to.

I trade way less than I used to and this is proving to be much more profitable. I trade and look at Weekly and Daily only and make decisions here. It is way less stress up at those time frames as I'm sure...
The end result of the melting pot of information is a Plan you've made your own...... You can tell your a disciplined trader.

Fine Journal Mike..

Ja.
Memories caught in time but never forgotten
  • #90
  • Sep 23, 2012 6:05am Sep 23, 2012 6:05am
Quoting j4d
The end result of the melting pot of information is a Plan you've made your own...... You can tell your a disciplined trader.

Fine Journal Mike..

Ja.
Thanks Ja.....that is what its all about in the end....making it your own and being accountable for your decisions.

Mike
  • #91
  • Sep 23, 2012 9:30am Sep 23, 2012 9:30am
Quoting mypipbull
Hey Baz,

Thanks for your kind words.

In a nutshell I loosely analyse COT fundamentals as per Larry Williams and Floyd Upperman's books.

I analyse and trade price action based on Al Brooks books. Al's books give you a headache to read but I learnt so much from them. It makes me look at price (candles) in a very different way than I used to.

I trade way less than I used to and this is proving to be much more profitable. I trade and look at Weekly and Daily only and make decisions here. It is way less stress up at those time frames as I'm...

Thanks Mike...
but which Book have you read by AlBrooks.. i believe he has 3 ...

also your GBP/USD.. trade .. from your Methods ..it SEEMS a TAD early ?.. although you like the Level where it has Taken place..
Anyway thanks for your time and all the Best..

baz
  • #92
  • Sep 23, 2012 10:57pm Sep 23, 2012 10:57pm
Quoting baz
Thanks Mike...
but which Book have you read by AlBrooks.. i believe he has 3 ...

also your GBP/USD.. trade .. from your Methods ..it SEEMS a TAD early ?.. although you like the Level where it has Taken place..
Anyway thanks for your time and all the Best..

baz
Baz,
I read his first book. The book prior to the three he recently published. I have also just purchased these three and have read a couple of pages.

Re: Cable, yes it may be a bit early but I am taking a nibble at it so cut risk back. What I like is everything has aligned:
1) Bearish COT data
2) Significant Resistance Level
3) Weekly Oscillator Overbought
4) Pin Bar with a High extending above a number of prior bars then closing on its low. This looks very much like a failed breakout.
5) Previous 5 bars or so look far from convincing to the upside.

It is purely due to so many reasons I set orders. A higher high today (without triggering my orders) and I will cancel orders.
If my orders are filled first then there is about a 10% chance that an outside bar will form (stop me out in one day).
I would suspect that if people see this start to go down it could trigger new shorting as well as (panic) long covering.....
Its a quasi hedge in some ways against my Long GBP/CAD trade also.
If it's a loss so be it, risk is well contained.....
Thanks for your concern though...
  • #93
  • Sep 24, 2012 5:34am Sep 24, 2012 5:34am
Quoting mypipbull
Baz,
I read his first book. The book prior to the three he recently published. I have also just purchased these three and have read a couple of pages.

Re: Cable, yes it may be a bit early but I am taking a nibble at it so cut risk back. What I like is everything has aligned:
1) Bearish COT data
2) Significant Resistance Level
3) Weekly Oscillator Overbought
4) Pin Bar with a High extending above a number of prior bars then closing on its low. This looks very much like a failed breakout.
5) Previous 5 bars or so look far from convincing...

thanks Mike...

baz
  • #94
  • Sep 24, 2012 9:32pm Sep 24, 2012 9:32pm
Stop hit last night.
Position closed for around +4.4R
Attached Image (click to enlarge)
Click to Enlarge Name: 20120924_USDCHF_D.png Size: 11 KB
  • #95
  • Sep 26, 2012 12:58am Sep 26, 2012 12:58am
Quoting mypipbull
GBP/USD [email protected] [email protected]
Flagged this......
Sell stop hit, position opened
Attached Image (click to enlarge)
Click to Enlarge Name: 20120925_GBPUSD_D.png Size: 10 KB
  • #96
  • Sep 26, 2012 7:11pm Sep 26, 2012 7:11pm
Stop hit last night on Gold.
Position now closed for about 4.7R
Attached Image (click to enlarge)
Click to Enlarge Name: 20120926_Gold.png Size: 12 KB
  • #97
  • Sep 26, 2012 11:41pm Sep 26, 2012 11:41pm
Stop moved down to 0.9815.
Just drifting around here a bit at the moment.....
Attached Image (click to enlarge)
Click to Enlarge Name: 20120926_AUDCHF_D.png Size: 11 KB
  • #98
  • Sep 26, 2012 11:58pm Sep 26, 2012 11:58pm
Quoting mypipbull
Fundamental & Technical Setup.

Charts below. Will comment as we get closer to entry.
Getting closer to a potential LONG here now.

1) Closed above the previous weekly high
2) Closed above the EMA(20) also (first time since July)

I can also see the bearish case with 0.9850 looking like previous support (August) that could now turn to resistance. Time will tell.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120926_USDCAD_D.png Size: 11 KB
  • #99
  • Sep 27, 2012 10:41pm Sep 27, 2012 10:41pm
Quoting mypipbull
....This is a choppy pair....pretty evident when you look at the PA.....
Chopping its way higher HH made (with a bearish pin forming) so stop moved up to below recent logical HL so [email protected] now.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120927_GBPCAD_D.png Size: 12 KB
  • #100
  • Sep 27, 2012 11:01pm Sep 27, 2012 11:01pm
Quoting mypipbull
Getting closer to a potential LONG here now.
This is my bullish read on PA.

Bar1 - Good size bar (not too big or small) that closed in the upper range and above recent daily highs.
Bar2 - 1st Pullback - LH, LL and down close, testing the breakout area.

Initial orders placed with Buy Stop (@0.9875) above Bar1 High and Sell Stop (@0.9775) below Bar2 Low.

Will evaluate order locations on a daily basis from here on in.
Attached Image (click to enlarge)
Click to Enlarge Name: 20120927_USDCAD_D.png Size: 11 KB
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