fee fi fo fum

at heart i'm a break out/momentum/price exhaustion trader but i also anticipate orders. i only trade the gbp/usd. also only use a blank 5 minute chart sometimes i have lines at prices of interest, other than that bare naked chart. i only trade the london session sometimes ny depending on the data that is being released.

i run tight stops on all my trades they are no bigger than 15 points. and i move them to break even pretty quickly. i also usually aim for 30 points but will gun for more if momentum is on my side.


regards damien

trade entered

1.6802 sl 1.6788 tp 1.6833

stop moved to b/e

t/p hit thats 30 points and me done for the day

damien

great work,

looking forward to your journal.

regards

dice

thanks dice

regards damien

Would be great to see how/why you enter your trades?

i dont really have an entry signal i just jump on board when i think price has exhausted itself and is ready to breakout

damien

also if i get into profit and momentum dries up i get out no wishing and hoping here if i goes against me i have a small stop and i can usually tell it wont follow through and exit with minimal loss

damien

trade entered short from 1.6982 s/l at 1.69978 t/p at 1.693 but may pull out early or move further down depending on momentum.. stop also already b/e

damien

pulled at 6950 thats my 30 so im done plus its friday if it reaches 1.7 my alarm will alert me to some sizeable orders up there

damien

trade entered short at 1.7003 stop 1.702~already b/e take profit 1.6973

damien

and im done for the day

damien

Some charts would be nice.

i use a blank 5 minute chart there wouldn't be much to see

damien

trade entered from 1.6983 stop at 1.6992 tp 1.695

damien

stop at b/e not sure may have pulled the trigger to early on this one so i am being cautious

damien

Do you trade any patterns or look for anything in particular? That trade you entered would have been good for 10 or so pips...

stopped at b/e have some pending limit orders set for re entry


damien

price patterns are to unreliable i.e pin bars, bearish outside bars. but i do watch for a pattern in price movement i watch the speed price reaches a level what it does at the level that sort of thing..

i just re entered the trade at 1.6981 and scored my 30 i should never question my judgement. the gut feeling is usually the right one

damien