PA in OFF and HPFZ

Obs: Main Time Frame is 1 Hour. (not 1m anymore)


I want to try this new system, and I would have recorded how efficient it is.
Anyone is welcome and I will be grateful to read constructive comments.


Some insights before continuing... :

1. Why to write a Journal? : I think the only way to progress in something, anything is to keep tracking of your progress or failures.

2. Why Did I lose money ? : I don't know the Power of following the Trend. And worst than that, I do not know recognize when a trend is forming, continuous and ending.

3. Aside from following the trend, What else I should take into account in order to be successful ? : Good opportunities to enter, an exit plan, money management, emotion management:discipline, a system which will assist all previous.

3. My style of trade currently has three dimensions as follows:

dimension 1: OFF: I am testing a New System "Order Flow Framework": go directly here.

also nice to look at: HPFZ: Added a new dimension on my trades: HIGH PROBABILITY FIBONACCI ZONE ANALYSIS here


dimension 2: PA: I am testing Price Action with OFF and HPFZ strategy as main levels, here and here


dimension 3: Money Managementcurrenly using with the low/risk account here

also nice to look: previous MMs here, here and here

dimension 4: Emotion Management: some posts here

some stands of this system for anyone who wants to understand better charts I am posting (with the line colours)


Important Intraday Price Levels:

BP Balance Point
HR High Range

LR Low Range

WIBH Week Initial Balance High
DIBH Double Initial Balance High

WIBL Week Initial Balance Low
DIBL Double Initial Balance Low


PH Primary High

SH Secondary High

TRH Trading Range High


TRL Trading Range Low

SL Secondary Low

PL Primary Low

ENTRY RULES:

Longs:

PA set ups near LR, WIBL, DIBL, PL
PA set up crossing avobe BP.


Shorts:

PA set ups near HR, WIBH, DIBH, PH
PA set up crossing below BP.

So this journal is about, progress, failures, entrys, exits, money and emotion management, and systems, in my next posts I will try to talk always about those topics.

My great hope is that both the writer and the reader may benefit from time spent here. So welcome and let´s try to find some Trends in M1 Timeframe.

Point one: monitoring progress and failures: I do not want to waste time talking about my progress or past failures, just say I spent nearly three years and some money in that time. This is a fresh new start after the break suggested after failure, after digesting new ideas and test them on demos and simulators. Once confidence has recovered a good idea to try again, without self confidence there is no success.

Point two: the Power of the Trend: what I do with this system, is to look for trends that are forming and follow them, I am also noting that I can go against trend, but that will come later with practice for the time to strengthen my discipline just buy or sell when the wind blows in favor of the trend.

below, I put some graphics with recent positions I could capture the trend:

I already know when it starts a trend, so when continuous and when it ends the trend?

look at the picture below:

Another example below, from the last NY session.

Now that I know when it begins, when continuous and when it ends, How I look for trends?

These trends formations happen very rarely, and when they happen is a matter of minutes, so I can not be looking at only one currency, I have to pay attention to several, preferably with low spread.

Down on the graph to show how to monitor suspicious and possible trends formations.

and before the end of the day I repeat: suspicious and possible trends.!

This is all for today about Point one: tracking of progress and failures, and Point Two: the Power of Trends, next I will try to write about Point three: Entrys, Exists, Money Management, Emotion Management, and the Systems I am using for M1 TF.

This is the las suspicious and posible trend forming, and how it evolved:

I did not take this trade, just watching the market.

Something about emotion management, in the next picture, I was not in front of my computer when this move happend: and I'm always very tempted to get into the trade and I lose money, but as I realized that I missed this entry, I must restrain myself and not get carried away by emotions.

Finally I got this one. in AUD USD.

a lost and a win:

A counter trend short on GBPUSD. :

price movement can be beautiful sometimes, I'm going to try to forget the money, and just trying to fit in the right place.

closed

indicators tell you what's it's happening, but do not tell you what will happen.

sold again, I hope you can handle well this position

edit: closed

I made before a long, was good in the long run, but baaaad placed, and closed and I closed with losses

Short AUDUSD.
Edit: closed: (not good placed, I did not wait for the confirmation of a break of support or resistance

Long AUdUSD @.0169

Edit: closed 10 pips

I will now try to get in line with the trend of the day.

Expected Today

Hi Peepo this is good sytem trading.

For me, use four or six MA line some time make not easy for analis road market. i more comportable use more MA line, here exsample for my system.


Regar