Michele FF trading diary. Yesss

In the book "The fountain of gold - The three monkey record of money" written in 1755 the author writes about 3 rules:

 

1. "See no evil" - When you see a bullish (bearish) trend, don't get caught up in it; consider it an opportunity to sell (buy).
   
2. "Hear no evil" - When you hear a bullish or bearish news, don't trade on it.
   
3. "Speak no evil" - Don't speak to others about what you are going to do in the market.

This could seems like strange rules but Homma explains it so:

 

1. There's always a rotation of yang-ying and this means that within each bull market there's a bear market and versa vice.
2. It may be safer to take a postion after you determine how the market reacts to a news item rather than initiating a trade when the news is released.
3. Based of your analysis, you decide to buy into a market. You tell someone else of this decision, but they say something negative about the market. Because there's always a degree of uncertainty, you get nervous and decide not to buy. The, of course, the market rallies.
   If you have carefully studied the market don't be too influenced by the others, the 95% of traders are loser.

Aud/Cad

Hit my TP, +40 pips.

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This week ends with +110 pips.

See you next week, have an happy weekend

Gbp/Aud

There's a bullish hammer with the fake breakout of the support (0,382 Fibo too), the slow stoch shows a bullish divergence and if we draw a channel it's near the bullish trendline.

From the beginning of the cycle it's lasting 65days so it could be at the bottom of the 64days cycle.

I'm going to place a buy order at the high of the hammer.



Aud/Jpy

it's in a range market and there's a shooting star with a false breakout of the resistance.

I'm going to place a sell ordes at the low of the shooting star.

I forgot to tell you which pairs I have in my watching list.. I "follow":

 

1. All Euro pairs (Eur/Usd, Eur/Gbp, Eur/jpy, Eur/Cad and so on)
2. All Usd pairs (Usd/Jpy, Usd/Cad, Nzd/Usd, Gbp/Usd, and so on)
3. All Aud pairs (Aud/Cad, Aud/Usd, Aud/Nzd, Gbp/Aud, and so on)

I don't have CHF because I don't like it and the unknown currency (like zar, huf, ..) because I don't know their economy.

Today I don't see any signal (except a bullish pinbar on Eur/Gbp but it's far from the support zone) and I prefer don't place any orders because there're the presidential election that could cause an high volatility.

Trades

Gbp/Aud

The movement of today has invalidated my buy signal so I have removed the pending order.

Aud/Jpy

It triggered my sell orders and now I'm losing 25 pips.

Sell signal is still valid, the highwave candle of today shows indecision and tonight is expected a rate cut so I keep the trade open.

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See you tomorrow.. Happy elections

Aud/Jpy

RBA didn't cut the rate interest causing a purchase of Aud.

Trade result: -80 pips.

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No new trade

Today I'm not going to place any orders because the elections will cause an high volatility and I prefer wait until the market have a precise direction.

Who will win?

https://fbcdn-sphotos-b-a.akamaihd.n...36552486_n.jpg

And they're still talking about QE and fiscal cliff...

https://fbcdn-sphotos-a-a.akamaihd.n...32912339_n.jpg

Hi all!

New orders

Gbp/Aud

It shows a bullish pin bar close to a support area and it's in the time range where there should be the beginnig of a new 64days cycle, furthermore stochastic show a bullish divergence..



Price have triggered my buy orders right now, I'm long!

Update

Gbp/Aud

It show another one bullish pinbar that means a strength of bulls in this area.
The Buy signal is still confirmend and most of Aud pairs are close to the resistances, I keep the trade open.

-15 pips right now.

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No new orders

Gap down of today triggered my SL on GBP/AUD. -85 pips. What was wrong? The short term trend is bearish and I would have to wait a short signal with an higher R:R. Wrong trade means wrong result, it happens.

New orders

Eur/Aud

It shows an harami pattern after a bullish pinbar in a support area.
Yes, it's again a counter trend trade but this offers an high R:R ratio (1:2/2,5) with a small risk.

It's also at the end of the cycle.

Long beyond the high.

Hi all, sorry if I post it now but yesterday I went to sleep early

New positions.

Eur/Gbp

Trend weekly: bearish
Trend daily: bearish

it shows a bearish pinbar at the restet of the exsupport zone. I placed an order below the candle's low and it had already been triggered.



Have a nice day

Pending orders

Nzd/Usd
I was waiting a sell signal at the restest of the ex support and EMA21 and the weekly shows an engulfing pattern.

Short 5 pips below the low.



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Trades open

Eur/Gbp

All bearish signals are still true so I keep the trade open.