Tragapips´s trading journal

Hello everybody.

I´m starting this thread to develop discipline with the trading model I´m applying. My trading model is 100% discretional and based (Not completely) on JD model. You can read about this model here.
I like to use equidistant channels, Fibonacci channels and Andrew Pitchforks lines to find very good support and resistance lines. Price action is another part of my game.

I will only trade 5 or 15 minutes. My stoploss is normally fixed 25 pips and i will trade from 10 CET to 17 cet hours. Earlier is to hard for me 10 hours CET is 3 AM local time . I only make 1 or 2 trades a day.

English is not my native language so forgive me if you find some mistakes in my posts.

I will only trade GBP/USD. Demo account. I have a real one too.
I´m at a level where I know a lot of the market. I know I have good technical analysis but I fail when i open a trade (open too late) or let the opportunity go away.

Price is at a very important level. It is the first time (since May 15) price break this level and price left behind all the bearish pitchforks and returns to a bullish pitchfork.
This is the set up on daily chart
http://img385.imageshack.us/img385/7...6170525sj8.jpg

This is the set up on 4H
http://img156.imageshack.us/img156/7...6170722xu7.jpg

and this the set up on 15 min
http://img86.imageshack.us/img86/625...6171203at6.jpg

As you can see price is near Pitchforks median line and find support on the upper band of Fibo channel. Let´see what will happen tomorrow.

Price reach Pitchfork´s median line. Will turn around or will go through??
There is no important news today. So i expect all movement will be based on technicals. We have divergence on MACD. An old equidistant support line channel @ 1.8558-64 (Could be resistance for us).

http://img218.imageshack.us/img218/1...6040546tz9.jpg

I draw a new fibo channel. 161.8 extension of the second channel gives a target of 1.8620. That would be around 150 pips. That range is good and common for GBP/USD.

http://img91.imageshack.us/img91/508...6053144gi2.jpg

On the last chart turquoise arrow means nothing. Noticeable how the 100% of the second channel cross through consolidation. Check this camarilla chart

http://img89.imageshack.us/img89/533...6055830yk8.jpg

I don´t like this day. It´s a breakout day at all levels. I don´t like this. It does not fit my trading style.

Really a bad entry. I did not follow one of my rules: Buy dips.

I agree with you.

Im much better in trading ranging market, not trending.
I didint trade today. (I mostly trade only pound dollar)
only the CAD CPI for +40 pips

Price coudn´t go beyond and fall from the median line. You can see on the chart the strong support levels (up arrows) and a resistance level (down arrow -median line)
http://img222.imageshack.us/img222/3...6030336ux1.jpg

If you didn´t know why the price rebounded this morning 2 times, this is the reason: Zoom out daily
http://img212.imageshack.us/img212/7...5548ot4.th.jpg
Zoom in 5 minutes:
http://img228.imageshack.us/img228/1...5834zf6.th.jpg

http://img76.imageshack.us/img76/769...4554jc9.th.jpg

Something i forgot to say on first post is I like Gann too.