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My realtime account journal

  • #121
  • Nov 15, 2014 8:00am Nov 15, 2014 8:00am
the AUDCHF long trade of the previous monday resulted in aloss of 50 pips, subsequently, i have removed that pair from my trading radar..didn't like the lackluster price action.

...as for the BuyStop Order of the AUDUSD, i lowered that long entry as price formed new signals. i'm long currently at a lower price than a week ago when i first entered that order, see weekly chart below, but i'm not in the clear yet although all 3 long entries are in the green, also see the 2xDaily charts below of the NZDUSD & EURUSD.
...these 3 long trades are basically counter to the longer Term weekly trend which still firmly points down.
...the reason i'm still holding is that the last Daily Price Action of Friday formed very Bullish bars on all 3 instruments which is announcing higher prices to follow.
...keeping a watch on the 4hr charts which are even now suggesting that shorts are in order.

note: the USDCAD is suggesting the exact opposite of the above.
Attached Image (click to enlarge)
Click to Enlarge Name: friday 14-11-2014 LongTrades.png Size: 28 KB
  • #122
  • Nov 18, 2014 1:26am Nov 18, 2014 1:26am
Update on the 3 trades entered on friday 14Nov as posted previously above.

Still in all 3 trades , 2 of them currently in loss
the Daily Trend of AUDUSD & EURUSD is still bearish according to my interpretation, however, the NZDUSD tells me the opposite is true for it, i.e. the pair is bullish on the Daily Timeframe.
the next 1hr closing is what will determine stacking if i'm present.
i apologise for all the lines on my charts that may detract from what i'm trying to show...these purple, green, red and khaki lines represent different tf's and their respective probable reversal and/or stacking zones.

PS: yesterday, i've entered short on the USDCAD pair after it's uprun during the day reached my reversal/short entry zone and showed shows of reversing to the downside. i have also put a SL in because i didn't like its erratic performances. The StopLoss is in below my short entry...so know i will just collect should market decides to reward me interpretation.
Attached Image (click to enlarge)
Click to Enlarge Name: friday 14-11-2014 LongTrades- Update.png Size: 33 KB
  • #123
  • Edited 4:54pm Nov 18, 2014 1:10pm | Edited 4:54pm
both Gold n Silver is at sell zones but i'm long both, my gold trade is comfortably in green but not the Silver.
this 4hr red candle is the Sell Signal from a higher tf, however, i'm not closing my position just yet as i suspect these gyrations of price is to shakeout unconvinced longs.
Attached Image
  • #124
  • Edited 2:01am Nov 19, 2014 1:49am | Edited 2:01am
Why am i not convinced that thebearish trend will continue ?
here are my trading charts in the order that i view them, left to right...they all says Down...but i'm not convinced...why ?
will just have to monitor and see.

one can see the::

  1. Down Trend of the Weekly
  2. 2Tops of the 4hrs
  3. Topping Tails of the Daily
  4. Bearish Engulfing candle of the 1hr...ALL Shouting DOWN

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD W+D+4hr+1hr.png Size: 35 KB
  • #125
  • Dec 21, 2014 10:43pm Dec 21, 2014 10:43pm
a month of trading days has gone by and if i followed the Trading and Entry signals of the Kiwi above i would have harvested several hundred pips because as is normal for me i would have entered several times in the same direction (also called stacking and/or pyramid) as and when Entry signals appeared, but as it happened, my obstinate entry against the Main Down Trend and Shorting Signals resulted in a loss. I can't seem to figure out why i developed a long bias when all chart evidence shouted SELL.

anyway here are some current trades some of which may still result in loss. The entries are not ideal but were entered in the general direction of the Main Trend.
Attached Image (click to enlarge)
Click to Enlarge Name: Sunday 21Dec2014.png Size: 36 KB
  • #126
  • Dec 22, 2014 6:47am Dec 22, 2014 6:47am
entered short again off the 4hr tf of the AUDUSD, here follows my 4hr entry chart.

  1. ideally, i would prefer that price in the 4hr tf close below the Daily Open [DO] before going short but...
  2. the short is in direction of Weekly TF and,
  3. the last red 4hr bar is a shorting signal in and of itself,
  4. lastly, should my early entry be too early and price reverse up than i have a 27 pip StopLoss in place.

​see the 4hr chart below, the horizontal whitish lines are my Sell Zones off Daily Chart and the shorter thicker white horizontal lines indicate the DO.

PS: the Gold charts say much the same thing as the AUDUSD, but the EURAUD says buy

Attached Image
  • #127
  • Edited 10:35pm Dec 22, 2014 7:49am | Edited 10:35pm
EDIT REASON:: continuing from trader Crocs journal, Swing and Position PA Trading Journal, here; http://www.forexfactory.com/showthre...95#post7958095 because i don't want to post unnecessary charts and info on his thread without his permission.

If you want to follow the logic of these following entries on the USDCAD pair than visit his thread to see my original reasons for entering long. thank you.

i could not wait and pre-empted the long entry signal off the 4hr tf...u can see it on the chart...together wit the SL.

i've highlighted what i consider the best long entry in the 15mins chart
please note; it's also above the DO
Attached Image
  • #128
  • Dec 22, 2014 8:21am Dec 22, 2014 8:21am
Quoting sunshine
i could not wait and pre-empted the long entry signal off the 4hr tf...u can see it on the chart...together wit the SL. i've highlighted what i consider the best long entry in the 15mins chart please note; it's also above the DO {image}
Hi sunshine, still a buy and SL as above?
  • #129
  • Dec 22, 2014 8:42am Dec 22, 2014 8:42am
Quoting duderoo1
{quote} Hi sunshine, still a buy and SL as above?

yes or u can do one or both of the following..

  1. sent in a long probe after the 1st 5min +BRB, or/and
  2. buy/stack your normal comfortable size after a +BRB in the 30mins...preferably an engulfing bar but not necessary.

  • #130
  • Dec 22, 2014 8:58am Dec 22, 2014 8:58am
is your long probe in yet ?

another possible signal from 15mins coming up
  • #131
  • Dec 22, 2014 9:29am Dec 22, 2014 9:29am
was expecting price to move up forcefully after that last Bullish candle in 15mins but instead it formed a bearish red bar , now i would like to see another bullish close
  • #132
  • Dec 22, 2014 9:32am Dec 22, 2014 9:32am
no it didn't close up, instead formed a very bearish candle pattern, this next 15min close should be the deciding bar.
  • #133
  • Dec 22, 2014 9:34am Dec 22, 2014 9:34am
why ?

if 15min pa can take out that 2 prior 15min Topping Tails than i anticipate the run up to resume.
  • #134
  • Dec 22, 2014 9:43am Dec 22, 2014 9:43am
ok my Stops are in place....i'm taking my leave now.

Trade Well
  • #135
  • Dec 22, 2014 11:20pm Dec 22, 2014 11:20pm
Update on yesterdays 4hr Charts of the AUD that was posted and the EURAUD & Gold that was mentioned.

PA on all charts moved as anticipated, i.e. gains for all instruments mentioned, however, i do want to mention that the short position i took in the AUDUSD only delivered to me a measly 2,5 pips...???
...WHY ??? one may ask did i only get 2,5 pips when price never moved against me especially since my SL was above the high of the short sell signal bar ?
...the reason is: i moved my SL to BE plus a bit when i saw so many traders viewing the page...that pressurised me into showing how good i am (which i'm not, obviously) so i lowered my SL to prevent a loss.
...now normally, i trade without a SL, just sometimes i may use a SL but place it well clear of the action on the tf that produced the entry signal, i.e. my placing of SL would be at such a distance that should price move unfavourably against my entry that the trend forthat entry tf would now be the opposite and i would be looking to enter trades in a new direction.
...lastly, this may also be the reason why my USDCAD Stops may be taken out anytime now although the original long premise of the pair is still intact, i'm not moving or removing my SL's for that pair in manner of fairness to anyone who might have taken trades on my say so, but all subsequent trades on any pair or instrument may or may not have a SL in place. Placing or not placing a SL is and will be my responsibility only.

here is the AUDUSD & EURAUD 4hr charts as mentioned yesterday,
Attached Image
  • #136
  • Dec 22, 2014 11:23pm Dec 22, 2014 11:23pm
Quoting duderoo1
{quote} Hi sunshine, still a buy and SL as above?
good morning duderoo1,

did u take USDCAD buy trade or any other trade yesterday and if yes, are u still in any trades ?
  • #137
  • Dec 22, 2014 11:32pm Dec 22, 2014 11:32pm
currently on USDCAD price is below the DO and a conservative buy (according to my reading of the tracks that price left behind) would be when price closes above the DO in the 4hr chart.
everyone's DO might differ, the DO on my 4hr chart is at 1.1625 If your DO differs from mine than just use your own, because sometimes my entry will be early and sometimes it will be late.
  • #138
  • Dec 22, 2014 11:40pm Dec 22, 2014 11:40pm
and here is the chartGold 4hr which i also mentioned yesterday as a short sell candidate according to my interpretation of pa footprints and trends. i did not take the trade. anyone that shorted yesterday should be comfortably in the green this morning.

Attached Image
  • #139
  • Dec 22, 2014 11:53pm Dec 22, 2014 11:53pm
potential shorts for today based on 4hr action around the DO...GBPUSD and NZDUSD...see 4hr charts below.

Attached Image
  • #140
  • Dec 22, 2014 11:57pm Dec 22, 2014 11:57pm
if u insist on placing a SL, than place it above the high of the signal 4hr bar, i may or may not be present at my trading stations to take these trades, good luck.
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