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Trading with the Market Flow

  • #1
  • First Post: Jul 25, 2015 10:26pm Jul 25, 2015 10:26pm
Here is my 2nd attempt at a trade journal on FF.
My first didn't last very long as life took over so we'll see how this goes.

I've called this one, "Trading with the Market Flow" as I think that best sums up how I feel I need to make my trading decisions and reflects
a lot of things that I've learned from another thread here on FF.

I must say that I'm only a humble hobby trader who has been at this Forex game for a few years and for the most part
have just lost money week after week and month after month.

However, I think I'm slowly starting to see the dark clouds part and a small ray of sunlight may be starting to shine on my trading.

I will try and journal all of my trades here and describe to myself as best as I can what my trading method really is.
Healthy, Wealthy & Steady!!
  • #2
  • Jul 25, 2015 10:40pm Jul 25, 2015 10:40pm
NZD JPY

SELL
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-01_NZDJPY_H1.png Size: 32 KB


Gap down Monday provided the Daily Fractal Break (DFB)
Tuesday slowly retraced back to a S/R flip level that had formed on Monday.

2 nice Sell Pin Bars on Wednesday both with High Volatility and Strong Selling Impulse.
Was only around for the 2nd one.

Closed the trade before coming into Tuesday's support area and just before the NY close on Wednesday.
Healthy, Wealthy & Steady!!
  • #3
  • Jul 25, 2015 10:46pm Jul 25, 2015 10:46pm
AUD JPY

SELL

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-01_AUDJPY_H1.png Size: 30 KB


Much the same as the above NZD JPY trade.

Felt fairly confident taking both trades as they were showing the same price action at the same time.
Healthy, Wealthy & Steady!!
  • #4
  • Jul 25, 2015 11:45pm Jul 25, 2015 11:45pm
GBP NZD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-01_GBPNZD_H1.png Size: 29 KB


Strong DFB in early London trading on Tuesday.

Entry was quite sloppy but area was good as this was first return back to DFB area.
Indecision candle before Entry showed high volatility with very low Impulse. This came only 2 bars after
that strong selling bar at 11:00.

Late NY session also provided the impetus for a smooth run up for Thursday but missed that one.
Healthy, Wealthy & Steady!!
  • #5
  • Jul 25, 2015 11:57pm Jul 25, 2015 11:57pm
USD CAD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-07_USDCAD_H1.png Size: 23 KB


There was a very strong DFB back on Tuesday June 30th. and price kept pushing up from there.

Entered this one after seeing a return to close MOnday's gap up in the early London session.
Very nice railway track pattern with the 2nd candle showing strong volatility and strong impulse.

Exited at last Thursday's highs.
Healthy, Wealthy & Steady!!
  • #6
  • Jul 26, 2015 2:18am Jul 26, 2015 2:18am
GBP NZD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-07_GBPNZD_H1.png Size: 31 KB


This was just one of those trades where I was so desparate to get into the move back up to the top. I had missed out on all the previous moves
and was not patient.

Impulse and volatility were weak on this.
Healthy, Wealthy & Steady!!
  • #7
  • Jul 26, 2015 2:24am Jul 26, 2015 2:24am
GBP AUD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-07_GBPAUD_H1.png Size: 27 KB



This trade was taken very late in Tuesday NY session but the signal was very solid in a very logical area.
Pin Bar showed strong volatility and impulse.

Exit was at Tuesday's highs which turned out to be a nice place to get out.
Healthy, Wealthy & Steady!!
  • #8
  • Jul 26, 2015 3:06am Jul 26, 2015 3:06am
NZD CAD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-09_NZDCAD_H1.png Size: 24 KB


DFB on Wednesday was perhaps not the strongest and it was easy for sellers to push back inside the previous day's high.

My entry was a large spread bullish candle which had me taking a large stop and entering where all that selling had occurred yesterday.

My stop was missed by a few pips and was very lucky to escape with a small profit.

Not the prettiest of trades.
Healthy, Wealthy & Steady!!
  • #9
  • Jul 26, 2015 3:33am Jul 26, 2015 3:33am
I dont know anything about your method or yourself, but I like the equity curve of your explorer. You are doing good & I wish you best in future too. Keep up the good work.
Risk / Trade Management is the name of the Game
  • #10
  • Jul 26, 2015 3:44am Jul 26, 2015 3:44am
Quoting FxSaint
I dont know anything about your method or yourself, but I like the equity curve of your explorer. You are doing good & I wish you best in future too. Keep up the good work.
Thank you FX Saint.

Believe me those words mean a lot to me.

I'm only making very small gains at the moment, but like my turtle, they are slow and steady and that suits me.

Over time I hope to make a lot more notes here, that explain what I'm trying to do.

Best of trading to you, too.
Healthy, Wealthy & Steady!!
  • #11
  • Jul 26, 2015 4:02am Jul 26, 2015 4:02am
Quoting SunnyFx2002
{quote} Thank you FX Saint. Believe me those words mean a lot to me. I'm only making very small gains at the moment, but like my turtle, they are slow and steady and that suits me. Over time I hope to make a lot more notes here, that explain what I'm trying to do. Best of trading to you, too.
I knew it will mean a lot, because being appreciated means a lot to everyone. And little appreciations can do wonders in changing results, which many dont realize. At the moment you do surely deserve to be patted on the back. Keep it small & steady & you will rock it.
Risk / Trade Management is the name of the Game
  • #12
  • Jul 26, 2015 5:57am Jul 26, 2015 5:57am
EUR AUD

BUY

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-09_EURAUD_H1.png Size: 31 KB


Talk about missing the bus on this one!

Waited patiently for price to retest a previous S/R flip after previous Friday's DFB.
Signal was a bullish harami with confirming volatility and impulse showing buying strength.

I got pushed around on this trade without it taking off and so moved my stop to Break even not wanting price to break back inside the support.

What do you know a few candles after I close price steams off in my desired direction.

Didn't have the sense to re-enter a new position. Still so much to learn.
Healthy, Wealthy & Steady!!
  • #13
  • Jul 26, 2015 5:47pm Jul 26, 2015 5:47pm
Sunny I'm enjoying your journal. Nice and clean charts and a good read too. some excellent SENSIBLE trading. I will follow.

can i ask what is the fractal indicator you use?
  • #14
  • Jul 26, 2015 11:10pm Jul 26, 2015 11:10pm
Quoting kraven
Sunny I'm enjoying your journal. Nice and clean charts and a good read too. some excellent SENSIBLE trading. I will follow. can i ask what is the fractal indicator you use?
Thanks Kraven. Really appreciate those nice comments. What you've said is exactly what I'm attempting to do.

I use 2 fractal indicators.

I use the "in-built" MT4 Fractal on the Daily Charts.

Then I use an "Asymmetric Fractal" on my hourly chart. I think it's fine to use normal fractal on H1 as well. It's just that I read somewhere a few months back
that changing the settings on the fractal indicator just helped to cut out a bit of the noise on the lower timeframe.

I like it as it really helps me quickly gauge where perhaps the more important pivot points are on the H1 chart.

I have attached the indicator to this post. My settings are: Frames Before = 5 / Frames After =9

Attached File(s)
File Type: ex4 AsymmetricFractals.ex4   8 KB | 338 downloads
Attached File(s)
File Type: mq4 AsymmetricFractals.mq4   2 KB | 427 downloads
Healthy, Wealthy & Steady!!
  • #15
  • Jul 26, 2015 11:44pm Jul 26, 2015 11:44pm
EUR GBP

BUY
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-09_EURGBP_H1.png Size: 27 KB


There was a solid DFB on Wednesday and was happy to take this one the following day on the first time back to the area.

It was a risky signal being a small bullish harami and I had to weather some drawdown on this one, but I held on as there didn't seem to be
any large bearish impulse in this area.

Closed near the origin of that strong bearish candle earlier in the day.
Healthy, Wealthy & Steady!!
  • #16
  • Jul 27, 2015 5:46am Jul 27, 2015 5:46am
AUD JPY

SELL

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-13_AUDJPY_H1.png Size: 29 KB



DFB happened on Friday the 3rd and I took this trade 10 calendar days after so I'll just note down that there maybe a time component to this.

The signal looked solid and volatility and impulse were confirming as well. However, what I will say is that taking a trade off of the 6:00 (GMT +3) candle on Monday trading may not be the most powerful signal of the week. I will follow this and try and see if I need to avoid these trades this early in the week even if they are on AUD or JPY during the Asian session.

Closed out for a small loss after seeing no follow through from 2nd push down.
Healthy, Wealthy & Steady!!
  • #17
  • Jul 27, 2015 6:08pm Jul 27, 2015 6:08pm
Sunny thanks for the fractal indi's. after trying a few volume indi's I opted to add the pz impulse to my charts a few weeks back as well as a pz hidden divergence indi. I don't take much notice of them, they just give me a bit more confluence if they match my trade.
  • #18
  • Jul 27, 2015 11:16pm Jul 27, 2015 11:16pm
What's in play for Tuesday, July 28th?

Here is a quick list of pairs in no particular order that I'm watching.
It doesn't mean I'm trading all or any of them, just that their Daily Fractal Break is still in play.


BUYS ONLY

EUR GBP
EUR CAD
GBP AUD

SELLS ONLY

AUD JPY
AUD NZD
AUD USD
USD JPY

I'll post charts of the trades after they have been closed (win or loss) to see what I and anybody else who passes by can learn.
Healthy, Wealthy & Steady!!
  • #19
  • Jul 27, 2015 11:18pm Jul 27, 2015 11:18pm
Quoting kraven
Sunny thanks for the fractal indi's. after trying a few volume indi's I opted to add the pz impulse to my charts a few weeks back as well as a pz hidden divergence indi. I don't take much notice of them, they just give me a bit more confluence if they match my trade.
Nice to hear someone else is at least looking at the Impulse Indi. I'm still working it out, so would be nice to possibly share some notes from time to time about what you
see with it.
Healthy, Wealthy & Steady!!
  • #20
  • Jul 27, 2015 11:58pm Jul 27, 2015 11:58pm
AUD NZD

SELL

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-07-14_AUZNZD_H1.png Size: 30 KB


Very strong DFB on previous Wednesday and this was the 1st time price had made it all the way back that zone.

This was a more riskier trade given the upsloping trendline at the bottom with price making higher lows but after seeing
no follow through on the 12:00 bullish candle I decided to just try and get a few pips back to a previous resistance area.

Glad I exited where I did as price continued up, up and away after that.
Healthy, Wealthy & Steady!!
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