EURJPY Trade Journal-Price Action (Sarawak-made)

H4 charts. Daily and Weekly charts for guidance.

Three Amigos Quantitative Price Action. Volume.

Pure android trading. So no screen shots.
Just candlesticks. No other indis.

Android program used: Metatrader 4 & Alert Forex & Trade Interceptor. .all downloadable from Market /Play.

Draw the H4 bars on paper/book. Advantage, this forces you to pay attention to new highs/lows. Also, easy note-taking, calculating lotsize based on amount of pips counted from Planned entry points to Stop Loss.
For easier reference to the six H4 bars in a day,
they're labelled :
T - start of Tokyo session is inside this bar.
H - Three Amigos combo usually here showing day direction, to be acted upon during E & U bar.
E - start of Europe markets inside.
U - US sessions.
S - US sessions.
A

For any given trading day from M T W R F, any
position taken will be closed BY the end of T bar
on M T W R if TP not hit.
For a position opened on day R, the direction
MAY carry to day F. Price Action would determine
course of action.
Patience. Don't jump the gun till the 3 Amigos are
done.

While Metatrader is used to trade, Trade Interceptor is used for H4 bars analysis for 3 Amigos combo and reference for drawing on paper.
Set Metatrader charts to daily or weekly; Trade Interceptor to H4 timeframe. Important : when choosing pairs in Trade Interceptor, make sure bid/ask price are quoted from FXCM. When configuring charts, choose charts start time of 17:00 EST in H4 timeframe.
So no matter what broker you use, you will be looking at the same H4 charts as major players.

Also, Trade Interceptor has an alarm trigger. Very convenient. But in case it fails, we have Alert Forex for backup.

Mainly EURJPY trade.

Can comment and criticize, all in the spirit of better good.

This week has been a very tricky one.

Weekly charts show a possible doji forming. Will know when US session ends So tread n trade with care.

Note, daily charts have been ranging even leading into Friday European markets open. Quite unusual for EJ where normally by Thursday coming to US open the direction would have been ascertained.

132.00 level has been a gyrating pole where price moved negating most charts analysis and observation.

Important reminder to self..close orders by T bar (H4 bar containing Tokyo open H1 bar) during days M T W R.

For easier reference to the six H4 bars in a day, they're labelled :
T - start of Tokyo session is inside this bar.
H
E - start of Europe markets inside.
U - US sessions.
S
A

For any given trading day from M T W R F, any position taken will be closed BY the end of T bar on M T W R.
For a position opened on day R, the direction MAY carry to day F. Price Action would determine course of action.

Patience. Don't jump the gun till the 3 Amigos are done.

Direction uncertain. To wait end of U bar (0500-0859 EST) Price Action to decide entry.

But bias sell BECAUSE in order to go higher price need to pullback before the push up.

Preference- bearish U bar. Overwhelming previous E bar.

Entry- wait retracement then enter sell in S bar. Retracement going to two thirds of U bar.

Exit- end of S bar. Maybe TP 131.50. Brief trade BECAUSE trade is against trend and also Monday today.

Entry was according to plan.

Observation - S bar itself a bullish bar. Was expecting a long top wick but no.
So this meant a ranging movement can be expected.
So as can be seen from trade report in attached IbanFX trading acc, I closed sell order at end of A bar. Then entered buy beginning of T bar.

Right or wrong don't matter. As long as profits are made.

Decided to open sell order this E bar.
Rationale- If it is a bullish week, this E bar would need to drop the price to gather momentum. Have an open target on this sell entry.

At end of this E bar we will see the resulting PA.
Then, some more decision to make.

For any sell order for now in this bullish trend from daily n weekly charts, reminding self to have near TP n tight SL.

It's still neutral sentiment.

Decided to cut loss on my EURJPY sell orders. But still in the green because I had EURUSD n GBPUSD sell orders to save me.

Now waiting resulting E bar conclusion at 1st hour of NY market.

This sell order had the potential to go lower but as it was against the daily n weekly trend I closed early.
Fact-price dropped beginning S bar after U bar formed hammer.
Wanted to enter trade but I figured better to save ammo.

why your amazing trit so calm? .....qqq, boleh ane pake bahasa indo-melayu bro? ... biar lebih akrab ... wkwkwk ....sudah berapa lama trading EJ bro?......

Baru 2 tahun gwe trade EJ bro. Bisa aja bhasa apa dipakei.
Inti nya sama ngerti lho. Hehe.

Trade EJ iki seru banget...pips nya beratus.
Ya..sampean makei teknik opo ye saat trade

ni ente orang melayu bisa dikit2 bahasa jawa yak..wkwkwk.....saya make teknik macd dan ma ..di TF1H & tf15M, sayang-nya masih sering kena SL pad OP pertama & kedua , karena biar bagaimanpun price nggak bisa ditebak ...ane/saya berusah mengantisipasi saja pergerakan price bro ..........oya btw saya tidak menggunakan teknik MM martingale ataupun averaging walaupun sering-nya OP ke-1 & OP ke-2 loss bro ......gw trade EJ baru 6 bulan bro sejak awal 2013 kemaren...emang asyik pergerakan EJ, tapi bagi yg tidak berpengalaman bisa jatuh babak-belur bro .....