Zeldas Trading Blog

*NO LONGER POSTING IN THIS JOURNAL*
I'm hoping to start a new journal in the coming days.


Hi. My name is Zelda, welcome to my trading blog. I hope you learn something from my setups or at least just enjoy looking through them. I owe a lot to FF, hopefully i can give something back here.

I like your name

I will be looking forward to see your results

Hey Celente, thanks.

Im not sure how this blog will turn out. I should of really called it a 'notepad' not a 'blog' because that's the way i intend to use it. I won't be posting every single setup and the posts wont always be live and current - the explorer can take care of the real time stuff.

Its just that i take screenshots constantly and keep them with notes in a folder on my computer. I thought i might as well just stick some of them online. Maybe some people might want look at them (most probably couldn't care less) but if a few people are interested and get something out of it then that's alright with me.

Zelda

For the time being im solely concentrating on E/JPY. Right now i'm finding this pair to be the most compliant towards my style and method.

You can see from this chart that the pair has had a lot more movement behind it since Nov' 2012. The greater ranges obviously mean greater moves, which altogether makes the short term 15M scene a lot more workable. Of course SL's , TP's and entry gaps and some other parameters must be adjusted accordingly as the ATR increases so significantly.

Credit for this chart goes to Shinzo Abe and Masaaki Shirakawa.

Reasonably quiet week. Just one or two setups from the explorer worth commenting on. Will post more next week.

11/02/13 Was cautious with the volume here due to the holidays in Asia for the Lunar New Year but that seemed to become a minor detail after Japan announced the woes of its current account balance.

"The Y264.1 billion shortfall in December was significantly wider than the Y148.5 billion deficit forecast by economists surveyed by Dow Jones Newswires and the Nikkei."

Anyhow, i still didn't do a great job on Monday.

13/02/13 Nothing to report for yesterday the 12th. Today we have some movement to play around with. Given back quite a bit though, such are the perils of counter trend entries.

14/02/13 Circles again show focal points for entries. Nothing special to report, no hiccups, very straight forward. Was quite fortunate with the cover of the short. Just keep dancing with the rhythm.

15/02/13 Classic VSA setup today. EP looks quite low and distant, but it is valid.

Also, in hindsight it may not seem so good now to have lightened this sell position by 50%. Was just following the plan and obeying the rules, saw some early opposition, put out the safety net and protected myself, cant do much more than that.

15/02/13 Followup.

Very tricky day. Taken some hits, should have respected the holiday volume more, and paid attention to the failure of price to break out of the weekend/overnight range. Still have two positions working in opposition with each other, will just leave it now for the market to decide.

19/02/13 Looks like the E/J love affair is going through a rough patch at the moment, or more likely just taking a breather. PA was much the same as the day before (Mon 18th), fairly dead and lifeless, not much fun for anyone looking to ride some waves.

The setups and EP signals are still as clear as ever but there's just no momentum and energy. For the time being im trying to give the positions as much room as possible to move and wiggle around.

20/02/13 Quite a lackluster day again today, patience is a virtue. Taken some hits trying to get in early on those waves.

Don't be deterred by a few setbacks, as long as they are legitimate setups in accordance with the plan and played out with the strongest adherence to preset rules and principals, then you shouldn't whinge. Basically, keep pulling the trigger, but don't be a psycho, be a sharp shooter!

21/02/13 Finally the week is coming on form again. Mon and Tue were range bound and very tight but that is quite natural and and to be expected every now and then.

Daily ATR15 is still +180 so a reversion to something at least near those recent ranges was also to be expected, the range thus far today is 245. Managed to bag 100 and i think i will stop at that.

25/2/13 Just systematically chasing yet another breakout all day. A back and forth game most of the time but hanging in there usually pays off. Was cautious at the beginning due to the weekend and asia session range so i eased it up a little with the MM for the whole day. But turns out the pair is tanking very heavily right now at the end of the day.

These are the three main entry points i was playing with, altogether took away something like a net 88 points.