GDR Journal

http://i.imgur.com/kkVKAqW.jpg

This thread is basically to keep my charts and analysis in one area so I can go over them later. I will be posting all of my trades here, some days and weeks there will be a lot, others not so many as you can only trade what the market throws out on the chart.

Anyone can post in this thread with analysis, discussion, criticism or questions as we're all here to help each other beat the market.

Normally, I trade/scalp going for 10-30-100's of pips at a time using the 4 methods above combined into one, and use all timeframes for my decisions, the amount of pips I aim for totally depends on the timeframe and the current price action. I also use my own method which is essentially finding an exact number which price will hit - immediately change direction and fire off the other way.

That allows me to be very accurate with my entrys.

The pairs I currently trade are; click on my username and thou shall be enlightened.

My own trading rules are pretty simple;

1. Always have a well positioned stop loss for each position.

2. Never increase the stop loss size if in a losing position hoping the market will reverse later on.

3. Only enter the market on or around certain areas which have not been re-tested or re-hit since price moved away from it, namely untested S&D, Psych levels, untested Pivots and Fib levels.

4. Have belief in your analysis and decisions.

5. Have a sound understanding of price action and how the market actually moves, where there's likely to be a lot of buy/sell/stop orders, etc.

6. Let the market come to you, patience is key.

7. Never forget rules 1-6 and follow them

to the letter...

- G

NZDUSD

Looking to enter long around 0.8015 and will have a buy order there come market open. Besides there being the obvious major psych level of 0.8, that 4hour candle looks tasty, fresh demand.

GBPUSD

Looking to go long around 1.5116. I think we're likely to see a bounce from this area as it's around the open price of that large bullish candle with the big wick, there is often alot of volatility around the opening price of candles at the top or bottom of a range.

Couple of orders set up for today;

Sell limit EURUSD @ 1.28838 just under a daily resistance pivot and this weeks main pivot. SL 33 pips. R:R 1:1.
Sell limit NZDUSD @ 0.81715 just under the psych level of 75 and fresh supply. SL 20 pips. R:R 1:1.

Thanks a lot for these strategies and the idea to make thisthread !

Position changed;

Sell limit NZDUSD @ 0.81715, SL @ 8219, TP @ 8103, a few pips above todays daily pivot and psych level 0.81.

Playing the waiting game as there's a few bank holidays around the world today.

Potential pattern being set up on EURUSD on the smaller TF.

Good looking journal. Good luck mate. I'm in

Just entered long on EURUSD a few pips above todays daily pivot @ 1.28476, price is also in a demand area. SL 14 pips, target 2869. Low risk. I waited for that 30m candle to close bullish and entered when price pulled back to the open price of the bullish candle.

Closed at 2863, +16

May look to short GBPUSD near 1.5240 with a stop around 5270 just above that small swing high, todays daily resistance pivot and this weeks main pivot are clustered near supply and the fib levels line up good.

Sell limit @ 1.52404, stop @ 5268, target 5202. Very low risk.

Order hit. The other EURUSD and NZDUSD sell orders have been cancelled.

Hopefully the market will move tomorrow.

Hey brother. Nice to see your new thread here.

i'm out +2.2 pips

SL hit, strange how its been rising all day with very little - if any - pullback Then again, it is bank holiday in a lot of places, back in the game tomorrow!

Cheers, I often forget about areas on certain pairs so having all my stuff in here will certainly help

Any pips is better than none

Self reminder - only enter positions in untested areas and fresh levels which havn't been hit before. That GBPUSD short level had already been hit and I should of waited to enter higher (I'm still a little rough from the weekend so I blame that ), where price is at right now is ideal - the 5275 area. But I won't be making any more trades until tomorrow.

sold again at 1.5267

Sell limit AUDJPY @ 101.16, SL @ 101.37, TP @ 100.90. That 4hour spinner - untested demand - I reckon we'll see a bounce down from there, probably temporary but as long as there's a small bounce back down - who cares , there is also a daily resistance pivot @ 101.18 and this months main pivot @ 101.11.

Just entered short EURUSD @ 1.28846 on the pullback to the open price of that bearish engulfing 4hour candle, the open price is 1.28869 and this weeks pivot is at 1.28864.