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P.Action's unpretentious Trading Journal

  • #1
  • First Post: Sep 23, 2016 3:42am Sep 23, 2016 3:42am
Hello There,

Reason of openning of this thread

- For subscribers (Maybe they open position with me)
- For me.
- For you.

My Trading Style

- My trading style's basement is P. Action. but it is my own style which developed since 6 years. in other words my style has "NONAME"

Important Rule

- it is my account. not same with you and with anyoneelse. i gain money and i withdraw it and spend it. so my balance is my profit. so i can lose all of them. Because of this i am relax with my trades. (very relax) i can describe myself as a relax-er (Relax Trader )

Money Management Rules

- i just say leverage is the most important thing. i open trade generally 1:25-1:50 leverage, maximum 1:100 leverage.
- TP is adjustable according to market conditions so it is your own problem.
- SL is adjustable according to market conditions so it is your own problem.

Trading Rules

- No trading rules. Market is dynamic so we can not gain money with one rule. we should use a lot of rule.

My trading target

- Price is nothing without time. Time is key. i try to find right price at right time.

Myself

- I am a Turkish Guy. I am 33 years old. i am husband and dad.
- My english is pre-intermediate level so i dont like discuss with anyone else. if someone who dont like my thread, please dont open a discuss and leave of this thread

Wellcome again....
  • #2
  • Sep 23, 2016 3:49am Sep 23, 2016 3:49am
Hello I like to think about why you decided to enter certain trades etc. I would love it if you could post your reasons for entering certain trades and where you expect price to go based on your strategy on the specific currency pair.
HMSR
  • #3
  • Sep 23, 2016 3:53am Sep 23, 2016 3:53am
why i trade usdjpy and cadjpy

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  • #4
  • Sep 23, 2016 4:00am Sep 23, 2016 4:00am
Quoting Hmsr
Hello I like to think about why you decided to enter certain trades etc. I would love it if you could post your reasons for entering certain trades and where you expect price to go based on your strategy on the specific currency pair.
Hello Hmsr.

i try to find best currency pair. try to find the strongest and the weakest curencies. 1 minutes timeframe to daily daily timeframe.

for example

today's best currency pair is NZDUSD now.

This week's best currency pair is AUDNZD now.
  • #5
  • Sep 23, 2016 8:50am Sep 23, 2016 8:50am
closed cad jpy(unfortunately turn from 10pips of my tp level) closed a little bit profit and put sell limit order again. today is friday. maybe i cancel it.

usdjpy should close hourly bar below 100,94
  • #6
  • Sep 26, 2016 3:45am Sep 26, 2016 3:45am
Quoting P.Action
closed cad jpy(unfortunately turn from 10pips of my tp level) closed a little bit profit and put sell limit order again. today is friday. maybe i cancel it. usdjpy should close hourly bar below 100,94

i added 1 short at 100.94

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  • #7
  • Sep 26, 2016 6:02am Sep 26, 2016 6:02am
closed + %5.6
  • #8
  • Sep 26, 2016 6:59am Sep 26, 2016 6:59am
So how do you determine which currencies are the strongest and the weakest? do you use CCI indicators?

Nice trade, I caught a bit of that because your cycle diagram looked convincing
HMSR
  • #9
  • Sep 26, 2016 7:28am Sep 26, 2016 7:28am
Quoting Hmsr
So how do you determine which currencies are the strongest and the weakest? do you use CCI indicators? Nice trade, I caught a bit of that because your cycle diagram looked convincing

i dont use indicators. Exp. moving avarage indicate strong and weak.

for example 200ema and 15 minutes tf.(you can use another EMA period)

eur usd 40 pips above of ema
gbp usd 50 pips below of ema
so strongest one is euro weakest one is gbp at 15m tf.

it is simple mathematic.

you can use this indicator to find easily.

http://www.forexfactory.com/showthread.php?t=545718
  • #10
  • Sep 26, 2016 9:05am Sep 26, 2016 9:05am
following
I'm high on trading, cant you tell?
  • #11
  • Edited Sep 27, 2016 3:54am Sep 26, 2016 11:07am | Edited Sep 27, 2016 3:54am
NZDUSD selling area is close.

but be careful usd data release in this week.

maybe we found another cross of nzd. NZD is tired i think

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EDIT: after 16 hours. price is above of TL we watch price action. no action.

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  • #12
  • Sep 26, 2016 2:12pm Sep 26, 2016 2:12pm
Quoting Hmsr
So how do you determine which currencies are the strongest and the weakest? do you use CCI indicators? Nice trade, I caught a bit of that because your cycle diagram looked convincing
For example CADJPY. I closed at friday. Best pair today. Timing fault.

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  • #13
  • Edited 7:26am Sep 27, 2016 7:10am | Edited 7:26am
GBPAUD retrecement buy idea. retrecement can be done in this hour or next 4hours candle.
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  • #14
  • Sep 27, 2016 8:40am Sep 27, 2016 8:40am
Why do you suppose GDPAUD specifically? Is it because they appear strongest and weakest on the 1 minute time frames?

Also what is your outlook for the GDP? in most of the currencies it looks like GDP has hit that level where it will either bounce back or continue going downwards. The overall trend based on months and weeks for GDP is downward, ofcourse, you don't trade for that long nor do I.
HMSR
  • #15
  • Sep 27, 2016 8:41am Sep 27, 2016 8:41am
Quoting P.Action
GBPAUD retrecement buy idea. retrecement can be done in this hour or next 4hours candle. {image}

activated at 1,6935

should beat this channel

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  • #16
  • Sep 27, 2016 9:03am Sep 27, 2016 9:03am
Quoting Hmsr
Why do you suppose GDPAUD specifically? Is it because they appear strongest and weakest on the 1 minute time frames? Also what is your outlook for the GDP? in most of the currencies it looks like GDP has hit that level where it will either bounce back or continue going downwards. The overall trend based on months and weeks for GDP is downward, ofcourse, you don't trade for that long nor do I.
hi hmsr. gbpusd has good open room till nearly 1.3050. and also look gbp it increase 25pips in 3 minutes. that means someone came

i dont look GDP. i look reel effective currency rate. it depends on GDP too. if we look to many things it mix our decisions. 1 shot is enough for now.

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  • #17
  • Sep 27, 2016 9:19am Sep 27, 2016 9:19am
The other gdp currencies look positive for GDP in my amateur opinion as they have broken some consistent trendlines. Where would you place your tp on GDPAUD?
HMSR
  • #18
  • Sep 27, 2016 9:40am Sep 27, 2016 9:40am
Quoting Hmsr
The other gdp currencies look positive for GDP in my amateur opinion as they have broken some consistent trendlines. Where would you place your tp on GDPAUD?

Hsmr you mention abou GBP or GDP

GBPUSD maximum point 1.27000-1.2750 level i think. up move is possible for now. but it doesnt mean uptrend.

dont forget. if it falls with momentum it doesnt turn back quickly. in this view i am not full long at gbp.

and dont miss 3 days later monthly bar will close. ask yourself "where will they close?" and open graph
  • #19
  • Edited Sep 28, 2016 8:48am Sep 27, 2016 11:05am | Edited Sep 28, 2016 8:48am
Quoting P.Action
{quote} activated at 1,6935 should beat this channel {image}

Closed +%9
  • #20
  • Sep 27, 2016 3:54pm Sep 27, 2016 3:54pm
Thanks for opening up the thread on price action. I'm a newbie and would like to get a grasp on P.A and was wondering if you can explain your thought process when going to each trade.
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