Bloodpoodles trading Journal

Hi, Welcome to my journal.
I trade based on market conditions and price action..
I'll try and explain what I'm seeing and the reasons for the trades.

Market conditions: (clues)
Asian session: pretty dead unless major AUD data
London has no juice to break any levels. This is important as I will use this!
Usa Session can break levels.. Usually the bigger moves happen here lately!
Stocks were in ralley mode.. (risk on) with no sellers showing up to make new lows.
U/J started sellling off in risk on.. Not typical.. Telling me dollar could go down if u/j starts free falling.
Will have to watch E/J G/J A/J too see if its JPY buying in u/j or USD selling..
Silver at major Multi year support... If metals bounce here... Aud may do well as they are heavy Iron exporters.

Took this trade because i've noticed e/j loves to go into panic buy in london.. It had dropped and put in a hammer... 35 mins later i entered long as I saw it wasn't gonna continue down..

again london in tight ranges can't break levels Scalped a few. Later in the day usa showed up and broke some levels. Made 16 pips... If market giving small ranges must have small targets.. We don't control this.. the market does.. and london has typicaly not had big ranges in past few weeks.

+17 pips.. usa ended up breaking the range and continuing down.. but wan't my plan for a huge move on a friday.

10 pips scalp on g/u .. was forming hammer on higher time frames.. so I expected a pull back upper range... after that Went pretty flat for a few hours.. showing london compleatly out of gas..

Was slow week.. lucky to get 30 pips moves during london last few weeks..
expecting pattern to continue mon/tues .. wed traders may be exiting postions for the long usa weekend.. Thurs/friday Anything can happen.. I've seen huge move on hollidays due to super low liquidty... so will have to be very careful.

London session has been very quiet. This is not always the pattern 365 days a year. Its just a recent pattern i've noticed...
So knowing this gives me an edge... I know not to try for huge moves right now, at least not until usa wakes up!..

Observation #1 London has been having Tight ranges for last month...
Oberservation #2 Stock market been very bullish for last month.. Absolutly no bears making lower lows!

I'm thinking they are connected... When stocks go into "Bulltard Mode" FX gets very quiet...
Plan... Expect small ranges during london... Don't try for home run trades during London right now!
Once USA opens you can get a decent move.... But for first 6-7 hours of london don't expect much of anything, until this pattern changes.

chart.. Brown box is Europe open - London close....


The key Lesson here: If London is averaging 30 pip ranges pre-usa open.. Don't try for 50 or 150... Market is not giving that right now. You Must adjust to market liquidty conditions. It will not adjust to you! Do not try for 50 pips in a market thats only giving 30 right now. Conditions change all the time and its your job to spot these changes!

Another example of volitility and lack of it... u/j got stuck at 102 for 8 months... Had to adjust my targets in really Tight! Eventually it broke out... But was a long 8 months of Super tight ranges!