(binned per thread starter’s request) GEfx Trading Journal

As the week gets started, the market structure of the E/J is pretty clear -- up. I have no clear targets on my 4H chart, but will check it tomorrow AM at London open for targets and additional structure info on the Day chart. I just entered my first trade of the week and have moved my stop to protect the entry price, having been up about 28 pips or so...here is the chart:

Update:

Update:

Moved my stop to 128.54, protecting 73 pips with 45 already in the bank.

Took a short position on the AUD/$ and have been watching it develop for a while now, with my entry on the .50 fib strike:

Time for coffee...am out all trades, including the AUD/$, as the market adjusts now. Back in a while...

OK, here is what has happened since early this morning. The E/J is being technically traded and is trending within my understanding of its market structure. Will continue buying on dips until it stops or until market structure changes. Am now in two E/J trades, and here is the chart:

The GBP/$, E/$, E/J, $/Cad are being technically traded today. Will post an example later today of what that means, as I am still in several trades now. I would add the Aud/$ and others to the list, but I am focusing on these four for now. Since London open, have banked over 400 pips and am sitting on 125 more under way. For the record, technically traded means that the market structure, when you use fibs, trend channels and lines, S/R, etc., is clearly showing what PA is doing (provided you have the right set of tools in use today). Back to work, and hope to post some charts later.

Here is an example of E/J trading over the last 24 hours. Only about 1/2 of market structure is here, but it is enough to get the main idea.

Three trades on the E/J this morning: two are banked with about 170 pips; a third is underway with my stop protecting the entry price. Here is the chart:

Two charts with an interesting example of using fibs from today's trading:

Kind of a late night trade for me, but saw this while I was getting some chart work done in preparation for London open. Here is the chart:

Nice trades GE, thanks for sharing.

Hi Fana, been a long time my friend, hope you are doing well.

OK, this may be the last post for a while. I don't want to spend too much time posting and not enough trading. Followed my E/J trade last night with another trade this morning during the London session. Here is the chart:

OK, one more:

Very Nice GEfx. I just found your journal. Very much enjoying it.

Like the way you use the fibs, and all this time I thought they were useless.

Caught E/$ down yesterday with them.

Regards
Mike

From London open on Friday.

Been trading the GBP/CHF among others this week, and was very lucky to get in on the UK GDP announcement this morning with 4 trades open. It's better to be lucky than good sometimes. Here is the chart for the week (so far):

Have moved my stops to 1.4550, locking in 302 pips on trade 1, 150 pips trade 2, 110 pips trade 3, and 84 pips trade 4, for a total of 646 pips in the bank, with trade still running. How long can you say in a trade that's going your way?