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Gejordan Weekly Journal

  • #121
  • Apr 24, 2016 5:21am Apr 24, 2016 5:21am
Quoting gejordan
Bonus question for everyone else... identify which trade is different, 1,2,or3 based on what mike showed us
I'm not real sure, but here's a thought.

Trade 1 broke above the previous days high, then dropped back below on a bearish engulf. The previous days high could act as resistance. This is an additional confluence to the area Mike had marked.
  • #122
  • Apr 25, 2016 4:09pm Apr 25, 2016 4:09pm
Quoting Tadeusz
{quote} I'm not real sure, but here's a thought. Trade 1 broke above the previous days high, then dropped back below on a bearish engulf. The previous days high could act as resistance. This is an additional confluence to the area Mike had marked.
I was going for something a bit easier. Mike will have to confirm if this is true, but it looks true based on the picture: in trade one he traded prior to an obvious traditional action and in trades 2 and 3 he took the trade after the action.

There is nothing wrong with any of them, but we need to create some categories so over time we can see what Mike does well and not so well. He has been making money and then giving a bunch of it back and then making some and then giving back... so we need to try and extend the make money and lessen the giving it back. And most importantly break the cycle.

this will require some categories. we only have 3 trades, so we will see what types of categories mike has.
Be bullish on you.
  • #123
  • Apr 25, 2016 11:43pm Apr 25, 2016 11:43pm
Quoting gejordan
{quote} I was going for something a bit easier. Mike will have to confirm if this is true, but it looks true based on the picture: in trade one he traded prior to an obvious traditional action and in trades 2 and 3 he took the trade after the action. There is nothing wrong with any of them, but we need to create some categories so over time we can see what Mike does well and not so well. He has been making money and then giving a bunch of it back and then making some and then giving back... so we need to try and extend the make money and lessen...
What G says is true. I wasn't necessarily looking for traditional action, though it helps!
I thought what you were looking for was that i waited for a retrace on the Trade 2 vs.
the others.
I like how you are looking to categorize so any way I can help, I am in!
  • #124
  • Apr 26, 2016 4:19am Apr 26, 2016 4:19am
Quoting mikepip
{quote} What G says is true. I wasn't necessarily looking for traditional action, though it helps! I thought what you were looking for was that i waited for a retrace on the Trade 2 vs. the others. I like how you are looking to categorize so any way I can help, I am in!
I don't know yet. Let's see the trades you take and then we can categorize. Right now we don't have enough trades.
Be bullish on you.
  • #125
  • May 2, 2016 11:56pm May 2, 2016 11:56pm
Trade 4 - yesterday

Cad/Jpy short - a bit agressive - I liked the rejection above, but was nearing support.
Got to b/e quickly...
Attached Image
  • #126
  • May 2, 2016 11:57pm May 2, 2016 11:57pm
Trade 5

Gbp/Jpy moving down. retraced to pivot and I shorted.

Tp 1 and b/e.

Attached Image (click to enlarge)
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  • #127
  • May 3, 2016 12:59am May 3, 2016 12:59am
Trade 6 - bad idea!
Took immediate entry after pivot held with action.
Held thru spike back up to 00...
too much risk...got out at b/e with my tail between my legs.
Attached Image (click to enlarge)
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  • #128
  • May 3, 2016 4:51am May 3, 2016 4:51am
Quoting mikepip
Trade 6 - bad idea! Took immediate entry after pivot held with action. Held thru spike back up to 00... too much risk...got out at b/e with my tail between my legs.{image}
45 minutes later it rejected again, were you up for that or had you stopped trading for the morning? if you were up, what was your thought on things
Be bullish on you.
  • #129
  • May 3, 2016 6:34am May 3, 2016 6:34am
I fell asleep right around news time.
  • #130
  • May 5, 2016 1:55am May 5, 2016 1:55am
Long from the top!

Attached Image (click to enlarge)
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and out...
  • #131
  • May 5, 2016 6:48pm May 5, 2016 6:48pm
Quoting mikepip
Long from the top! {image} and out...
was this a BE or small positive? also, what made you jump in up there
Be bullish on you.
  • #132
  • May 5, 2016 6:51pm May 5, 2016 6:51pm
Quoting gejordan
{quote} was this a BE or small positive? also, what made you jump in up there
+10
  • #133
  • May 5, 2016 6:55pm May 5, 2016 6:55pm
A couple of things on my mind this week after taking 2 trades that I gave "extra" breathing room.
1. I am not advocating this for myself, but it makes me realize that just because I don't nail an entry
on my trades all the time (only occasionally actually), doesn't mean I should freak out and bail.
Best to get in close to the area I see holding, accepting that risk, and see how it unfolds...

2. GJ eventually went down to my pre-determined area then bounced - twice! (154.95-00).
So, I have been one to trade while I am awake for those few hrs around London open.
Perhaps a better approach is to set the alarms for my area and get up at that point.
  • #134
  • May 5, 2016 7:57pm May 5, 2016 7:57pm
Quoting mikepip
A couple of things on my mind this week after taking 2 trades that I gave "extra" breathing room. 1. I am not advocating this for myself, but it makes me realize that just because I don't nail an entry on my trades all the time (only occasionally actually), doesn't mean I should freak out and bail. Best to get in close to the area I see holding, accepting that risk, and see how it unfolds... 2. GJ eventually went down to my pre-determined area then bounced - twice! (154.95-00). So, I have been one to trade while I am awake for those few hrs around...
a couple of flaws in your thinking, but I'll address later after we see some more trades. keep it going
Be bullish on you.
  • #135
  • May 5, 2016 8:13pm May 5, 2016 8:13pm
Quoting gejordan
{quote} a couple of flaws in your thinking, but I'll address later after we see some more trades. keep it going
oh great! 😫
Looking forward to the insight!
  • #136
  • May 6, 2016 1:07pm May 6, 2016 1:07pm
Quoting gejordan
{quote} was this a BE or small positive? also, what made you jump in up there
I missed the second part of this question.
The bullish push, engulfing and closing above 50 convinced me...NOT my initial plan.
  • #137
  • May 9, 2016 11:49pm May 9, 2016 11:49pm
Trade 8 - eur/aud short
tp1...at b/e
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  • #138
  • May 10, 2016 4:49am May 10, 2016 4:49am
Quoting mikepip
Trade 8 - eur/aud short tp1...at b/e {image}
nice straight forward trade, lots of good things happening in that one. Now hopefully you will show us a +30ish, give or take a few on that 2nd
Be bullish on you.
  • #139
  • May 10, 2016 6:38am May 10, 2016 6:38am
Quoting gejordan
{quote} nice straight forward trade, lots of good things happening in that one. Now hopefully you will show us a +30ish, give or take a few on that 2nd
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  • #140
  • Edited 12:25am May 12, 2016 12:03am | Edited 12:25am
Trade 9
GJ short
TP1 & running...
out...
updated chart.
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