Gejordan Weekly Journal

AJ

EU

Question for anyone......


And apologies for the text font on the attachment....it' a free screen annotation tool

Toast....

Winner winner chicken dinner...

Both of your statements are true

Putting together a good week. Anyone who stops by, you can also check what LaBoca is doing. Waiting for setups, entering on retraces and taking profit and keeping losses small. Very solid approach.

Hey G many thx for coming back to FF and posting again....

You are very inspirational to those who know.

Now if only I can replicate this form on YM futures lol

Yep - missed it...good insight La Boca! And nice trading!

Got clear
EJ long - closed for a small loss.

Got Clear
Long GU

Excellent trade here. Mikepip only trades the beginning of the London session, until he gets tired. So, this trade illustrates why Mikepip needs to be good at seeing the chart and taking low risk trades.

Take this trade for example, he got the profit, but then price came back down. Price ultimately took off from this same location a couple of hours later, but a couple of hours later, Mikepip has gone to sleep. Mikepip will only have huge trades on the few days a month when price happens to take off during the hours he is around. The rest of the month, it is all about low risk entries for Mikepip so he can maintain his equity curve. Lose small and get first profit.This will keep him from massive drawdowns.

Second point... note the exercise I have him doing right now. Nothing on the chart, he just puts a box around the session prior to London. This gives him 3 distinct visuals. The area before the highlighted area, the highlighted area, and the time during which he trades. By seeing the 3 distinct area, it literally gives his brain a different way to view the chart.

Got clear.
EU short.

Rock n Roll

This is not a trade ....but observation to see what G is mentioning regarding simplification of the chart....

TP1 hit

area to watch

Out....

I like that you are doing the exercise.

Again, for everyone, draw a box around the session before you trade (if you are a session trader)... then look at action right before the box, in the box and coming out of the box... with nothing else on your chart... it gives your eyes a new way to visualize the action, and allows you to just focus on what you see without distraction... so you aren't thinking about too many things.

So, let's look at the session I did with Mikepip this morning. GU.


Going from left to right. Price made a big move yesterday. Coming into my box it is pulling back. In the box, it ranges and settles back to the bottom of the range. That's a good low-risk place place to go long. In all, made about 28 pips across the two trades.

BUT, what if I see it this way...


Big move up, pulling back. Ranging, but couldn't go higher and gives bearish action from the top. Starts my session going back into the middle of the range, but resisting at the bottom of the bearish actions from earlier. Take shorts, they paid, too.

Now, I personally don't favor the shorts, but I see the justification for the trade. And trading ain't about being right and wrong... its about making money... in other words, taking low risk opportunities supported by what you see that give you a chance to take profit or lose as little as possible.

Nice concept G....

EJ gave second opportunity and easy TP1

Also, UC gave TP1