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Made in Usasa

  • #1
  • First Post: Aug 30, 2014 12:03pm Aug 30, 2014 12:03pm
Hi Everyone,

I am opening this journal primarily to kill my boredom, make some new friends, and to record my trades.

I use PA for my trading decisions, and using channels extensively. Its amazing to learn how the price reacts to a valid channel. The tricky part is finding a valid channel. In simple terms, two parallel trend lines forms a channel and again finding a valid trend line is another tricky part, will get it only by experience.

I used to trade only EURJPY earlier but now I am trading many pairs. I used to wait for hours for my entry to come to my preferred price and keep my stop loss to the minimum. This video below is made by me sometimes back and I really liked it. I am presenting again here to give you some idea how I trade.

Inserted Video


thats all for now, hope to make some new friends here.. have a good weekend.

usasa.
Weigh well output the loss and gain And proper action ascertain
  • #2
  • Aug 30, 2014 1:15pm Aug 30, 2014 1:15pm
Formation of a valid channel.

Inserted Video


usasa
Weigh well output the loss and gain And proper action ascertain
  • #3
  • Aug 31, 2014 11:30pm Aug 31, 2014 11:30pm
I am looking at the following charts for long CHFJY and short GBPCHF, if the price reach my preferred place with a small stop.

Let us see.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: chfjpy_0901.jpg Size: 95 KB
Click to Enlarge Name: gbpchf_0901.jpg Size: 118 KB
Weigh well output the loss and gain And proper action ascertain
  • #4
  • Sep 1, 2014 3:49am Sep 1, 2014 3:49am
GBPCHF gave me an entry short as planned. Let us see what happens.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_0901-1.jpg Size: 131 KB
Weigh well output the loss and gain And proper action ascertain
  • #5
  • Sep 2, 2014 2:23am Sep 2, 2014 2:23am
Booked Profit GBPCHF.
Attached Image (click to enlarge)
Click to Enlarge Name: gbpchf_0901-2.jpg Size: 112 KB
Weigh well output the loss and gain And proper action ascertain
  • #6
  • Sep 2, 2014 4:17am Sep 2, 2014 4:17am
Looking at the this chart for a possible sell EURCHF. Let us see.
Attached Image (click to enlarge)
Click to Enlarge Name: eurchf_0902.jpg Size: 103 KB
Weigh well output the loss and gain And proper action ascertain
  • #7
  • Sep 2, 2014 4:43am Sep 2, 2014 4:43am
EURUSD weekly - gravitational force?
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd_0902.jpg Size: 124 KB
Weigh well output the loss and gain And proper action ascertain
  • #8
  • Sep 2, 2014 8:39am Sep 2, 2014 8:39am
I really admire those guys who hold a winning position for weeks and months. It is a real blessing. Congrats to them.

I am still wondering how do I overcome this... booking profit early...

People say...

"Let the Profit Run...." .and. also they say ... "Never let a winner into a loser...".... "Take Profit as you see it..." huh???

hmmm.. any thoughts?
Weigh well output the loss and gain And proper action ascertain
  • #9
  • Sep 2, 2014 9:14am Sep 2, 2014 9:14am
Quoting usasa
Looking at the this chart for a possible sell EURCHF. Let us see. {image}

Price approaching the UTL.. but I am taking the short for now.
Weigh well output the loss and gain And proper action ascertain
  • #10
  • Sep 2, 2014 9:38am Sep 2, 2014 9:38am
EURAUD nice place to short if it reaches there. will be watching.
Attached Image (click to enlarge)
Click to Enlarge Name: euraud_0902.jpg Size: 114 KB
Weigh well output the loss and gain And proper action ascertain
  • #11
  • Sep 2, 2014 11:34am Sep 2, 2014 11:34am
Hi prof,
It's a nice project here. please sign me in cos am interested in your project..
Keep on the good work bro.
Cheers.

hamidmsz,
  • #12
  • Sep 2, 2014 11:49am Sep 2, 2014 11:49am
hi prof usasa,
this my first analysis,I tried to combine with harmonics
is this a good position for entry prof?
correct me please
  • #13
  • Sep 2, 2014 11:53am Sep 2, 2014 11:53am
Quoting hamidmsz
hi prof usasa, this my first analysis,I tried to combine with harmonics is this a good position for entry prof? correct me please
sorry this is the pic
is it correct i draw the lines?

Attached Image (click to enlarge)
Click to Enlarge Name: Pictures2014-09-02_23-44_Alpari Limited MT.jpg Size: 123 KB
  • #14
  • Sep 2, 2014 11:55am Sep 2, 2014 11:55am
Quoting hamidmsz
hi prof usasa, this my first analysis,I tried to combine with harmonics is this a good position for entry prof? correct me please

Hello Hamid,

Sorry I did not get you. Which position? you mean short EURAUD? in the above chart?

usasa

edit:

I see your chart now.
Weigh well output the loss and gain And proper action ascertain
  • #15
  • Sep 2, 2014 12:00pm Sep 2, 2014 12:00pm
Quoting usasa
{quote} Hello Hamid, Sorry I did not get you. Which position? you mean short EURAUD? in the above chart? usasa edit: I see your chart now.
sorry this is the pic
is it correct i draw the lines?

Attachment
  • #16
  • Sep 2, 2014 12:01pm Sep 2, 2014 12:01pm
I don't know Hamid, I will simply short if the next H4 makes a high near at 1.420x with a small stop. But cant guarantee the price will go down.

But the risk to reward is great.

usasa.
Weigh well output the loss and gain And proper action ascertain
  • #17
  • Sep 2, 2014 12:03pm Sep 2, 2014 12:03pm
OOps sorry... I was talking about EURAUD.

I will check out EURJPY and post my chart.

thanks
Weigh well output the loss and gain And proper action ascertain
  • #18
  • Sep 2, 2014 12:09pm Sep 2, 2014 12:09pm
Quoting usasa
OOps sorry... I was talking about EURAUD. I will check out EURJPY and post my chart. thanks
hahaha ok prof,
no problem , thats my fault,
thanks for share
  • #19
  • Sep 2, 2014 12:17pm Sep 2, 2014 12:17pm
Quoting hamidmsz
{quote} sorry this is the pic is it correct i draw the lines? {image}

I don't know much about harmonic patterns. No idea about EJ for now. I will post charts once the lines are aligned.

thanks for asking.

usasa.
Weigh well output the loss and gain And proper action ascertain
  • #20
  • Sep 2, 2014 12:28pm Sep 2, 2014 12:28pm
Quoting usasa
{quote} I don't know much about harmonic patterns. No idea about EJ for now. I will post charts once the lines are aligned. thanks for asking. usasa.
still waiting your next post prof,
already subscribed !..
thank you for sharing !..
keep it up
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