Trend Lines and Analysis

Day 3

Total: 139.4 pips

Out -5. Terrible market on the EU atm. Low liquidity is evident in gaps all over the place on the 1m and no levels / TL's are being respected with continuous stop runs. The BO TL was 8 hrs long and went for all of 9 pips before they sent it back to the top to take stops. The stop was above 3 main fib lines and a falling TL. It will no doubt head back down to initial target. Going to the beach for a couple of hrs and be back for Lon open when some volume is in the market.

Just in case they are happy with the height of the stop run (prob not) have re-entered the trade and will let it go while I have a swim to cool off (over 40°C atm). Risk 4 pips.

Just got out of the water 2 minutes after that 1m spike, couldn't have saved the trade even I saw it. Was waiting for pullback to cover the trade but it took me out by .1 of a pip before it did. FF open is always chasing stops and it just exaggerates the hunt with low volume. I still think it wants the Gartley completion before a move up. -4

Can't believe I got knocked out of my position by .1 of a pip then reached my TP level..... bstds


Just got knocked out of this trade, I think I should have waited further confirmation and for the hrly candle to finish. -9

A bit messy today :/

Might move off the EU it feels like too much manipulation, just stop hunting within a large range.

Out -14.

Out -11. Was too early, entered without confirmation.

If this trade doesn't work I will probably leave it for the rest of the day, am having an off day though was a little "unlucky" with my earlier EU trades.

-8

Thought I'd log this for future reference. My profit levels were reached, would have been a good re-entry point today had I been watching.

Day 4

Total: 86.2

Quite a dismal day from the look of it. The missed trade that was stopped by .1 then reached the about a 27 pip TP level says that my analysis was good but especially that trade the stop level was a bit stingy.

I think the market was a little more volatile today than normal due to China's holiday in the morning and then uncertainty with Yellen's speech approaching afterwards. On the whole even though a negative day I am still happy with my analysis of market direction but need a little more work on trade management.

I have one carry over trade on AN that I will have to be up early for in the morning to watch the RBNZ speech, to make sure the trade doesn't go "south" (in every sense of the word).

-12

Starting to feel stop hunted. Hit my SL exactly to the micro pip before moving back up. Had to go out and couldn't manage trade. -12

Didn't quite reach my PRZ hence my tight SL.

Edit: Gave it a bit more room to above the structure. Figure if it breaks I will sell from higher.