A Rookie Dips His Toes

cancelled both pending orders. EP wasn't hit. Sure seems like price isn't moving much this week.

reverse
USDCAD came within 2 pips of entry. Now it is a spinning top. Indecision. I'm indecisive. Should I reapply the pending order to see if it goes tomorrow. ???

trend
AUDCAD still looks ready for short, but right now the breakout hasn't happened. Maybe in the morning it will be ready for entry.
AUDNZD has retraced on daily. waiting for breakout.
check both in morning

sonic
EURUSD. Short classic. enter pending
USDJPY. Long classic. enter market. but need to wait for AUS open to get lower spread.
AUDJPY. Long Classic. enter market. but need to wait for AUS open to get lower spread. Will take UJ over this. AUDJPY has already moved too much.

EURUSD hit PT +58.7 pips, +$40.91

USDJPY, not so good. but still open.

no new trades today.
EURCAD looked ok on Sonic, but it was counter to the daily trend. Think it will reverse. I'm going to mark it on my charts and watch what it does.

came close to placing pending on AUDNZD for daily trend. I just don't like the size of the daily bars compared to the slope. I am marking to watch. This is where experience and confidence would say this is good or this is bad. I don't have that yet.

USDJPY close to even

AUDNZD stayed flat last night

UCAD did reverse.

glad I stayed out of new entries.

What a boring week of trading. Seems like everything was ranging this week. No trends or movement
3 weeks consecutive profits!

Trend
Total 7-2, +626 pips, +$218.45 (2 week of consecutive + return)
Week


Reverse
Total 3-5 -143.1 pips, -$196.37 (1 week of consecutive + return)
Week



News
Total 0-3 -60.1pips, -$286.08
Week
none

Other
Total 1-2, +11.2 pips, +1.95 (1 week consecutive + return)
Week
none

Sonic
Total 10-5 -78.3 pips, +$103.12 (2 week consecutive + return)
Week 2-0 +64.2 pips, +$44.18
EURUSD +58.7 pips, +$40.91
USDJPY +5.5 pips, +$3.27

What a great story. I hope you will succeed pal

Hopefully this week is more interesting.

Reverse
GBPCAD buy is still pending based on reverse.

Trend
GBPUSD still to break to short.
missed a couple on Thursday night when my computer wouldn't work.

Sonic
I am getting really tired of Sonic. I really don't understand the concept. You can't ask questions or seek help there. You are just yelled at. Everything is TAH who knows all, and if you disagree then you are stupid. Well I am stupid that is why I am here to ask questions. Well I am trying to enter classic, but ...

GBPCAD - Entered on reverse, currently at -30 pips
EURJPY - Entered on sonic. small positive

New
Reverse
none

Trend
USDJPY 1h, looking to break long term s/r
EURJPY 1h, In triangle
CADJPY 1h, in triangle
AUDUSD 1D, in retracement
AUDCAD 1D, in retracement
NZDJPY 1H, needs retracement

Sonic
EURUSD, enter buy market

Thank you, I appreciate it.

The two Sonic's didn't do well. One closed at tp, the other at sl.
EURUSD -79.8 pips, -$88.14
EURJPY +86.3 pips, +76.99

Even though EURJPY closed up, it was still a bad trade. It went negative immediately and stayed there for quite a while. The only reason it was + was that I traded in direction of main trend and it held out long enough to survive. EURUSD is ranging. 50/50 chance. Last week's two positive sonics also didn't go well, but went positive thanks to a generous sl, time, and main trend. Sonic may work but not for me. I think I am starting to determine the type of trader I am and a trade strategy.

GBDCAD reversal isn't looking good. I hold out hope tomorrow it finally reverses. Today was a spinning top. Reversal is another strategy that I don't do well on my own. But if I use the principal for another strategy ...

hmm... Three screen is looking good on the ea. It is mostly long term trend trading hmm ....

For tonight.

Reverse
EURCHF Short
EURAUD Short

Trend
USDJPY break s/r as I wrote yesterday and took off. missed it due to oversleeping this morning.
The rest of the JPY were good, but not as smooth.

Don't see anything to trade today.

Another boring week of trading. I'm going to open a live account this week. I am going to wait a bit to add funds though. I will open a demo acct with the same broker and set my equity equal to what I will have in the live. This will be a last test.
small loss this week with limited trades.

Trend
Total 7-2, +626 pips, +$218.45 (2 week of consecutive + return)
Week
none

Reverse
Total 3-5 -138.4 pips, -$194.50
Week 1-0 +4.7 pips, +$1.87
GBDCAD +4.7, +$1.87.
I'm going to use this method to get out of other trend trades. Not trade it directly.


News
Total 0-3 -60.1pips, -$286.08
Week
none

Other
Total 1-2, +11.2 pips, +1.95 (1 week consecutive + return)
Week
none

Sonic
Total 10-5 -71.8 pips, +$91.97
Week 1-1, +6.5 pips, $-11.15
EURJPY +86.3 pips, +$76.99 (this trade went bad then was saved by main trend)
EURUSD -79.8 pips, -$88.14 (went bad, no trend to save it.)
I'm done with Sonic. It's not for me.

Reverse.
EURJPY & GBPJPY long looks reasonable, but Felix didn't call it. He likes to see the setup at the end of a trend. JPYs don't have a clear trend now.

EURAUD long looks good. but again not at the end of trend.

Trend
AUDCAD short. strong countertrend break. didn't really see a retest though. Taking this one. strong ll lh
EURAUD long. This matches the reverse above. : ) Taking this one.


'

Hi Mike,

I too, like you and many other new starter in forex jungle, would go from one system to another....... I did tried many systems for the past 3 years, and finally found the Genesis Matrix Trading System to fit me the most....

so, if you don't mind me recommend the Genesis Matrix Trading System......

Some tips to when you browsing the thread:
1. make sure you read through the whole thread though, learn the charts examples, and DO NOT ask questions that already been answered (some even has been answered many times).....
2. look for posts from the thread starter and the team members.....
and other members like LastingWell, fameofme, kosmo, itsallover, mkfxtrader, Martyfish, wiz003, etc
3. Read the first post and the links provided on the first page
4. Read Real Jumper's favorite book (you can see it in his profile page)
5. additionally, Real Jumper's mentioned about his mentor Acumen, look for Acumen posts especially about how to trade with pivots

Good luck in your trading, hope we all can succeed in our forex journey

Happy pipping

Thanks for the suggestion. I'm sure it works great. I took a look at the first post. It seems complex at least on a first look. Lots of indicators and such. It even states several times that it is not for rookies. Also seems to be for short tf. I am biased to the longer stuff.

both of the pending orders last night were cancelled. Did not hit ep.

reverse
none

trend
USDJPY long 4h is retracing in flag. wait for breakout. It is also at sr, maybe breakout tonight ... ?
EURUSD short 4h. looks like it broke, tested and is ready to trade. I'm staying out. EU is at 6 month low of a ranging pattern. I don't trust it.
GBPUSD short 4h. same as EU
AUDUSD short 1d. I like this one. At a long time low, but has been for a while.

last night followup
AUDUSD cancelled. Did not hit ep.
USDJPY - flag broke into range, maybe triangle. entry never happened.
EURUSD - moved 120 pips into profit. It would not have hit pt. I would have closed half and moved 2nd to b/e. I didn't trade it.
GBDUSD - same as EU but not as good of movement.


tonight
Reverse
EURGBD Short. Big pin bar. it hasn't been in a trend. lot of potential s/r around. hmm. lets see what felix thinks. no mention, I'll stay out. Better to wish I took a trade then wish I hadn't.

Trend
USDJPY 4h long in triangle waiting for breakout
AUDJPY 1h long in triangle waiting for breakout. Also has retraced to trend line, but this wouldn't stop me.
AUDUSD not sure what do with this one. Think it will go down but not sure how to fit it into this trade system
the chf seems to be trending nice but wait for retrace

last night follow-up.

EURGBP Short - would have gone to sl. glad I didn't trade it.

USDJPY long - would not have entered. break was to short
AUDJPY long - would not have entered. break was to short
AUDUSD short - break wasn't clean. it whipsawed all day. would probably have hit sl if I did enter. but so unclean, I wouldn't have entered.

tonight
Reverse
Felix saw a reverse, I didn't see it. I will have to read his post again to see what he thinks is good.
He saw CHFJPY long. I didn't have this chart loaded. but even if I did I wouldn't have traded it. My clock is different than his. There was strong long action after his entry. For me not a pin bar. I will go with him, but won't have the same profit potential.

Trend
AUDUSD D short- retrace to 20 sma is complete. but the pattern is a reverse triangle. not the pattern I'm looking to trade.
AUDCAD d short - still retracing. it broke main trendline. ugly retrace ... but there is sort of a long term triangle.
EURAUD D long - retrace broke through 20 on the way to 50. yuck.
AUDNZD D short - in flat bottom triangle
NZDJPY 4H long - broke flag, retest, confirmation. entering on pending at confirmation.

wow 11 days and I'm finally back. I've been moving, tons of work. And I lost my trading laptop during the move. Finally found it today underneath the printer. : /
I'll catch up the two trades that didn't make a summary sheet

Trend
Total 8-2, +809 pips, +$328.45 (3 week of consecutive + return)
Week 1-0 +185 pips, +$110
AUDUSD +185 pips, +$110

Reverse
Total 4-5 +6 pips, -$107.50
Week 1-0 +144 pips, +87
CHFJPY +144 pips, +$87.



News
Total 0-3 -60.1pips, -$286.08
Week
none

Other
Total 1-2, +11.2 pips, +1.95 (1 week consecutive + return)
Week
none

Sonic
Total 10-5 -71.8 pips, +$91.97
I'm done with Sonic. It's not for me.

reverse
EURNZD long - felix posted this one. I wasn't following this chart.

trend
GBPUSD H long - decent trend going. almost straight linear. no retrace to allow entry. actually entry is on 15m. Break out occurred. need retest.

GBPUSD - Closed +36.4 pips, +$72.19