My realtime account journal

Thanks sunshine for the info.

I am in at 1.1781, SL is at 1.1725, lets see what happens

My ct short trade in USDHF stopped out for a loss of 118...i'm still in the long trade though



current open trade balance on this account below

Long Term Position Alert::

1. CADCHF Monthly, pull it up and check for yourself, by that i mean; throw it in your Trading Filters to verify or negate my readings of the tracks of Price Action [pa]

1. look at your own monthly chart,
2. now read what i got to say,
3. then see if what i'm saying confirms your own pa analysis, if yes, buy now...entry point is not critical because a Rising Tide in the harbour will lift your entry into profit...if you intend using a SL than prepare to be stopped out,
4. what am i saying, NO STOP lOSS ??? let me re-phrase that; if u intend using a 10, 20 or 40 pip SL without a razor-sharp entry on the lower tf's then u are dead in the water. Alternatively, do enter with your 10 pip SL and wen u get stopped-out, try again until one of your probes stick. The recommend required mental attitude for these entries:: treat your entries as probes that may not survive, but if they do survive, start stacking using higher tf's buy signals so that your longs are spaced apart comfortably. What i do ? i don't have a SL BUT, i do have trade setup that will inform me that my reading of the pa spoor was wrong. on many times did that happened ? ...not that i can remember, however, the EURAUD may just be the first one to claim that victory.
5. so what do i recommend ? i'm saying that we are aiming for a Position or Investor Trade...several weeks to several months, so please enter with a trade size accordingly that won't make u squirm in the event that price moves against your position, again ! ...enter with a much smaller trade size than your normal position because we intend having multiple stacks as price moves in our favour. also...what i do usually after price confirmed my trade direction, i will increase my trade size exponentially should my favourite Setups present themselves.

​Looking at the Monthly::

1. Monthly is CLEARLY in a DOWN Trend, yes ?
2. November 2014 presented; (a)clear bearish SELL Signal with (b)added emphasis of a bearish Topping Tail {TT} tail,
3. December 2014 cancelled that very bearish Sell Signal with; (a)very Bullish Buy Signal with (b)its own emphasis of a bullish Bottoming Tail {BT}
4. lastly, any overnight trades in this pair will attract interest. i use these to offset the interest deducted from any other long term trades of other pairs.
5. that's it... clear, simple and i hope elegant interpretation.

​i already have positions in, some of which sat out the fall of this current month but which are now turning green.

reasons to buy today:

1. price is above DO
2. last 1hr and 4hr bars closed green
3. read the above post again

First Major Overhead Resistance is the Round Number {RN} 0.9000

Basically, my current bullish readings are for all or at least,most pairs where the CHF or CAD are the counter party, such as

1. USDCHF, i have longs here,
2. NZDCAD, i have longs here: very lovely Long Term prospects
3. NZDCHF, i have longs here: very lovely Long Term prospects
4. all of the above will attract/earn overnight interest added to your account.
5. USDCAD, i have longs here: this is the outlier...longs will be charged interest which will be deducted from your account.
6. there is one exception on my bullish readings of the CHF & CAD counter pairs and that one is the EURCAD, which i'm bearish on. shorts on this pair will earn overnight interest charges.

​Please consult with your own trading platform if what i'm saying about interest charges applies to your platform as well, because one platform or broker may charge interest on longs, for example on the EURUSD pair, while another might give u interest on the same pair and still another may not have any charge on overnight longs on the same pair and vice versa.

note: if they really out to nail you or they are unscrupulous then u will notice that u will be charged overnight interest/swaps rates on any trade direction, longs and shorts... example...on longs of the EURUSD u are charged overnight fees...on shorts of the same pair u are also charged overnight fees/swaps/interest/riba. Stay away from these shysters because sooner or later they extract their payment in much more catastrophic way.

i currently favour NZDCHF & NZDCAD

so which one to buy [first] ?

 

1. buy the one that's Up most up for the day
2. and conversely for other down trending instruments; sell the one that's down most for the day.

the outlier in my long trades, EURAUD.
below is the 4hr chart and my interpretations.

1. Mthly Trend... Up
2. Wkly trend... Up
3. Dly Trend... Dwn
4. 4hr Trend...Dwn

​to keep my bullish long term bias of this pair intact, i need to see the following;

...1hr price action have to overcome its own resistances of 4640 & 4700
...4hr pa have to overcome 4630 & 4730

if and when that happens, i will re-evaluate the anticipated steps that price action should take in order to continue up. i intend posting a chart at that time to illustrate the stepping stones.

if the current 1hr bar of the CADCHF close green, buy entries rule.

so how are those tiny position trades of the Jan 6th Tuesday doing ?

see for yourself


i diversify brokers and trading platforms and keep accounts in different base currencies. the main reasoning being that should one currency tank against my home currency than maybe 1 or 2 of the other base currencies should be ok or even appreciate, there are other reasons as well.

no, i'm not gloating...there's no place for that in my trading, should i even consider that then my trading results will quickly become red...by posting that account balance i intend showing that small tiny probes can quickly double an account if pyramiding or stacking is practiced and that high leverage {400:1} can be an advantage.

ok lets see ...who took that buy of the CADCHF pair mentioned 39mins ago in post 210 ?

was so busy that missed two 4hr long entries yesterday on the NZDCHF...psst....my favourite pair at the moment for longs.

nearing major mthly overhead resistance of the RN and a diagonally rising trendline.

looking at the swap charge of the USDCAD long...it's been nicely offset by the swap of the long trade of similar size of the NZDCAD.

closed out my two long USDJPY trades...reason...not liking current lower tf price action and to straighten equity curve.
actually, i forgot that i took these trades so was quite surprised to see that they both have survived.

...i just don't have the same long term conviction for this pair as i have for the others, that alone is enough to end their profitable run.

moved all my long trades to breakeven plus some,
except the recent long of CADCHF, it's in positive territory but still much too close to price action, and there is no Stop Loss {SL} entered yet.

today i'm trading Counter Trend.
entered longs on AUDNZD & EURGBP.

This ct trade strategy is called;
follow the Daily Candle in 4hrs & 1hrs, yes it's a robust strategy because it can be applied to the Monthly and Daily as well, then it will be called, obviously, follow the Monthly Candle/bar in Dly...can also be applied to the lower tf's.

if anyone is interested to know more or learn it than i will explain or open a new thread dedicated to it.

AUDNZD is the classic ct long whereas EURGBP is a pre-empt which may be a loss, meaning the winning trade is more likely the entry that followed the strategy and that one is AUDNZD

EURNZD is setting up for ct longs now, i wont be able to monitor but will check later again.