{quote}It's your turn, LJ.
I am aiming to work back into my trading routine some HTF PA trading on some core pairs though over the next few weeks.
- #5,482
- Aug 20, 2013 3:10pm Aug 20, 2013 3:10pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
{quote} Woke up, read the morning Balhana analysis, agreed with it (plus had a strong short bias on UJ) so got involved. Have since closed some at the H1 demand marked. Same time tomorrow for some more Balhana analysis?
- #5,483
- Aug 20, 2013 3:12pm Aug 20, 2013 3:12pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
BE at first BO attempt. Just over 3R on the second. Holiday markets eh?{image}
Personally I think holiday markets represent some of the best trading conditions...brings some much needed volatility that for the most part is predictable due to the PA that proceeds it.
- #5,486
- Aug 21, 2013 5:30am Aug 21, 2013 5:30am
{quote} Nice one, Toemk! Haven't seen you for a long time. Maybe because of your newly-married life?Nothing on my radar for now, just sitting back and waiting for something to pop up. May need to call it day a bit early.
The wife has only added fuel to the fire, I got to pay off the honey moon some how!
Very tricky managing FF and the day job when scalping the 1m TF. I need to think of my feet and the level of concentration required is too high for chit chat on exotics
- #5,487
- Aug 21, 2013 7:31am Aug 21, 2013 7:31am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
{quote} First trade of the day, smidge over 1R. Called into a meeting so closed out prematurely. Targeted 6,407 for 3R. The wife has only added fuel to the fire, I got to pay off the honey moon some how! Very tricky managing FF and the day job when scalping the 1m TF. I need to think of my feet and the level of concentration required is too high for chit chat on exotics
and not patient enought sometimes ... so picked shitty trades with negative expectancy -> then lose -> angry on myself -> need cover that sh-t -> need new trade etc.... sometimes this is what happening to me but no more! => smoother equity. (this account is 33 trading days old )
- #5,490
- Aug 22, 2013 4:23am Aug 22, 2013 4:23am
- Joined Nov 2012 | Status: Be consistent, Be persistent. | 1,847 Posts
and not patient enought sometimes ... so picked shitty trades with negative expectancy -> then lose -> angry on myself -> need cover that sh-t -> need new trade etc.... sometimes this is what happening to me but no more! => smoother equity. (this account is 33 trading days old ) {image}
Knowing is not enough; we must apply. Willing is not enough; we must do.
- #5,491
- Edited 7:15am Aug 22, 2013 7:01am | Edited 7:15am
- | Joined Oct 2011 | Status: Trader | 178 Posts
{quote}
risk 2% on trade. these spikes are when i failed and tried to beat the market without "signal" and then tried recover lose quickly and of course took more looses ,or moved my SL behind swing.... and from 2% is 10.... -> fail again. as i said NO MORE.
- #5,492
- Aug 22, 2013 10:41am Aug 22, 2013 10:41am
I took a few months break from trading due to a new time demanding job, but after watching LJ's mindset webinar yesterday, I felt inspired to fire up my platform and took this UJ trade for +2.85R (4 pip SL).
Feels great to trade again after all this time. I'll try to work it into my routine and post any trades I take into this thread.
USDJPY m5
USDJPY m1
Feels great to trade again after all this time. I'll try to work it into my routine and post any trades I take into this thread.
USDJPY m5
USDJPY m1
- #5,493
- Aug 22, 2013 3:39pm Aug 22, 2013 3:39pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
when i saw this ( http://www.youtube.com/watch?v=aPkyPdubqDs ) i recalled of Mark -> "get out of your comfort zone" really can not wait till september for new oriented webinars !!
- #5,494
- Aug 22, 2013 3:47pm Aug 22, 2013 3:47pm
- | Commercial User | Joined Feb 2008 | 4,633 Posts
I took a few months break from trading due to a new time demanding job, but after watching LJ's mindset webinar yesterday, I felt inspired to fire up my platform and took this UJ trade for +2.85R (4 pip SL). Feels great to trade again after all this time. I'll try to work it into my routine and post any trades I take into this thread. USDJPY m5 {image} USDJPY m1 {image}
Here are my VLTF trades (first 3 are UJ) from this afternoon:
Trade 1:
Looking for a short out of the M5 wedge after source of demand within (1) is consumed, which tells me price will move to (2).
Shorted based on basic price action off ignored demand after the source of demand within (1) was consumed as per the M1 chart attached.
Trade 2:
Looking for the continuation down move on the retrace to the former demand area down to the source of the whole move up (after the BO of the pennant formed overnight/this morning).
Again M1 PA got me into this, this time a FB plus retrace.
Trade 3:
Looking to ride price from the above mentioned demand zone back up to the next main M15 supply zone (the strong rejection from new higher demand suggests price will move in that direction to that area). Clearly need supply consumed within the 57 are before looking to ride the last part of the move.
M1 supply consumption BO PA was the entry this time.
Trade 4:
An EU trade based on the expected breakout off this M5 wedge. Clearly had to expect the breakout to the downside given a) the new supply zones forming and holding with strong rejections and b) the CP + LG space below.
M1 demand consumption BO the entry for this one.
- #5,499
- Aug 23, 2013 8:25am Aug 23, 2013 8:25am
- Joined Mar 2010 | Status: Trader | 1,635 Posts
Sold GA, closed 5/6 for +185 pips. SL to BE+31
(Some Korean letters again on charts. Don't ask me what those mean.)
(Some Korean letters again on charts. Don't ask me what those mean.
)
- #5,500
- Edited 8:44am Aug 23, 2013 8:25am | Edited 8:44am
This breakout caught me off guard, no trade. The liquidity spike into supply (marked) along with weak follow-through from the opposing demand were a dead giveaway. {image}
Had to wrestle with this one. Stopped out at first attempt, sellers still showing signs of strength. Clear PA on the 5m of the imminent BO. Approx. +2.5R
Missed the DAX BO typing this up!
Could be it for me for today, the long weekend is calling.Edit: Recent average trade duration 6min. Not a reflection of number of hours in front of charts!
