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Expo33's Harmonic Trading Journal

  • #21
  • Jul 13, 2014 5:03am Jul 13, 2014 5:03am
Quoting Expo33
Third trade long EJ 16500 units, TP 138.43 Trade is based on simple divergence, fundamental yen weakness, and weekly support from 50 SMA and 34EMA Risk 30 pips to win 60 {image} {image}
I have longs on EL and UJ too.I'm also watching to CHF-JPY it has almost the same set up us EJ.
  • #22
  • Jul 13, 2014 7:16am Jul 13, 2014 7:16am
Quoting BogiFX
{quote} I have longs on EL and UJ too.I'm also watching to CHF-JPY it has almost the same set up us EJ.
Just had a look at the CHF/JPY chart. Amazing correlation!!

The correlation site I use shows a 99.2% correlation for these two pairs on the weekly, 93.7% on the daily.

Just in case you ever check correlations, this is the site I use: http://www.myfxbook.com/forex-market/correlation
Pride always comes before destruction.... -Proverbs 16:18
  • #23
  • Jul 13, 2014 7:22am Jul 13, 2014 7:22am
Quoting Expo33
{quote} Just had a look at the CHF/JPY chart. Amazing correlation!! The correlation site I use shows a 99.2% correlation for these two pairs on the weekly, 93.7% on the daily. Just in case you ever check correlations, this is the site I use: http://www.myfxbook.com/forex-market/correlation
I a user of this site too .
  • #24
  • Jul 13, 2014 9:32am Jul 13, 2014 9:32am

...

...
I see it all in between ...
  • #25
  • Jul 13, 2014 10:32am Jul 13, 2014 10:32am
Quoting Thx
... ...
Thx Thx
Pride always comes before destruction.... -Proverbs 16:18
  • #26
  • Jul 13, 2014 10:35am Jul 13, 2014 10:35am
Quoting BogiFX
{quote} I use windows 7.Neither i like windows 8.Have you tryed to open first MT4 us an administratonr and then to add the indicators?
Oops, just saw this response.

I think I did but will try it again just in case
Pride always comes before destruction.... -Proverbs 16:18
  • #27
  • Jul 13, 2014 10:51am Jul 13, 2014 10:51am
Hey Expo may i ask what pairs do you trade?
  • #28
  • Jul 13, 2014 11:03am Jul 13, 2014 11:03am
Quoting BogiFX
Hey Expo may i ask what pairs do you trade?
I trade any pair if I think I have a good set up.

However, due to my small account size I tend to trade the pairs that cost less. If I enter a trade for GBP/USD then I run the risk of having to much of my account tied up in a trade and not enough margin left to capitalize on a potentially good trade set up for another pair. Thats why I have been trading AJ, UJ, AU, and NU a lot until I can build up my account.
Pride always comes before destruction.... -Proverbs 16:18
  • #29
  • Jul 13, 2014 11:28am Jul 13, 2014 11:28am
Subsribed . good job.
don't predict direction, but dance with flow of water
  • #30
  • Jul 13, 2014 11:33am Jul 13, 2014 11:33am
Quoting Expo33
{quote} I trade any pair if I think I have a good set up. However, due to my small account size I tend to trade the pairs that cost less. If I enter a trade for GBP/USD then I run the risk of having to much of my account tied up in a trade and not enough margin left to capitalize on a potentially good trade set up for another pair. Thats why I have been trading AJ, UJ, AU, and NU a lot until I can build up my account.
Great strategy for a start .
  • #31
  • Edited 11:53am Jul 13, 2014 11:42am | Edited 11:53am
Quoting Expo33
{quote} Just had a look at the CHF/JPY chart. Amazing correlation!! The correlation site I use shows a 99.2% correlation for these two pairs on the weekly, 93.7% on the daily. Just in case you ever check correlations, this is the site I use: http://www.myfxbook.com/forex-market/correlation
you can see CHF pairs to EUROpairs correlation . bcz chf is locked with euro with the ratio of 1=<:1.20. means 1 chf is equal to or not less than 1.20 euro it can be 1.21,.1.23 and so on but not less than 1.20 euro.
it was adjust by center bank of Switzerland or what ever it's name when chf was appreciated till 0.7013 against us $. in Aug 2011. now usd/chf and eur/usd are -vely correlate. I use to see usd/chf when trade in eur/usd.
don't predict direction, but dance with flow of water
  • #32
  • Jul 13, 2014 11:51am Jul 13, 2014 11:51am
Quoting priceaction1
Subsribed . good job.
Thank you
Pride always comes before destruction.... -Proverbs 16:18
  • #33
  • Jul 13, 2014 11:53am Jul 13, 2014 11:53am
Quoting BogiFX
{quote} Great strategy for a start .
Thank you. Just trying to focus on pips and money management and then just let 'time' do its thing
Pride always comes before destruction.... -Proverbs 16:18
  • #34
  • Jul 13, 2014 11:56am Jul 13, 2014 11:56am
my view about market
http://www.forexfactory.com/showthre...70#post7600870
don't predict direction, but dance with flow of water
  • #35
  • Jul 13, 2014 12:05pm Jul 13, 2014 12:05pm
Quoting Expo33
{quote} Thank you. Just trying to focus on pips and money management and then just let 'time' do its thing
  • #36
  • Jul 13, 2014 12:06pm Jul 13, 2014 12:06pm
Quoting priceaction1
my view about market http://www.forexfactory.com/showthre...70#post7600870
We are starting to getting some nice people here with great "naked" cahrts analyse .
  • #37
  • Jul 13, 2014 12:39pm Jul 13, 2014 12:39pm
Quoting BogiFX
{quote} We are starting to getting some nice people here with great "naked" cahrts analyse .
"naked" is nature.
don't predict direction, but dance with flow of water
  • #38
  • Jul 14, 2014 12:47am Jul 14, 2014 12:47am
Quoting BogiFX
{quote} We are starting to getting some nice people here with great "naked" cahrts analyse .
I am liking that
Pride always comes before destruction.... -Proverbs 16:18
  • #39
  • Jul 14, 2014 12:48am Jul 14, 2014 12:48am
Quoting priceaction1
{quote} "naked" is nature.
Nakedness is a beautiful thing.........unless your are talking about my ex-wife
Pride always comes before destruction.... -Proverbs 16:18
  • #40
  • Jul 14, 2014 12:52am Jul 14, 2014 12:52am
Trades have started out well.

AJ in particular has popped up 15-20 pips so SL has been moved two BE + 1 or 2 pips. Love when that happens. A free roll a day keeps the gray hairs away.

London open is going to be interesting, good luck comrades!
Pride always comes before destruction.... -Proverbs 16:18
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