P.Action's unpretentious Trading Journal | Page 2 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Another Trading Journal - Yuhu's Journal 17 replies

My Trading Journal - Price Action and Tick Volume Analysis 44 replies

Alv Trading Journal - Price Action w/ Sentiment 153 replies

Price Action Trading Journal 10 replies

Pipshower Price action trading Journal 8 replies

Attachments: P.Action's unpretentious Trading Journal
Exit Attachments

P.Action's unpretentious Trading Journal

  • #21
  • Sep 28, 2016 6:48am Sep 28, 2016 6:48am
Sideway day.

there is up and down move at every currency.
  • #22
  • Sep 28, 2016 7:19am Sep 28, 2016 7:19am
Quoting P.Action
{quote} 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

Thanks for the response, very insightful GBP* GBP* GBP*

I have just one other question, regarding your approach of trading the strongest and the weakest currencies, once you have identified the two, what is your next set of sets? For example, the immediate problem I see if that while it is great to perhaps identify that currency 1 as the strongest and currency 2 as the weakest, it is based on past data, and the strength/weakness in the currencies may have died down. (though I realize now that retaining strength/weakness in just one of those currencies is a good enough momentum to trade on, so i guess the probability is doubled.) So I guess what I am asking is, once you've identified the strongest and weakest currency of the day and established the direction of that specific, would it be too late to enter?
HMSR
  • #23
  • Sep 28, 2016 7:51am Sep 28, 2016 7:51am
Quoting Hmsr
{quote} Thanks for the response, very insightful GBP* GBP* GBP* I have just one other question, regarding your approach of trading the strongest and the weakest currencies, once you have identified the two, what is your next set of sets? For example, the immediate problem I see if that while it is great to perhaps identify that currency 1 as the strongest and currency 2 as the weakest, it is based on past data, and the strength/weakness in the currencies may have died down. (though I realize now that retaining strength/weakness in just one of...
hi hsmr you have got the point. forex is dynamic market ok? dont forget this one. lets do 1 example. everything is clear.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.28_17h36m53s_002_.jpg Size: 487 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.28_17h48m01s_003_.jpg Size: 157 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.28_17h49m20s_004_.jpg Size: 150 KB
  • #24
  • Sep 28, 2016 8:04am Sep 28, 2016 8:04am
Stay Calm and wait gold. tl price is adjustable main price is adjustable when touch that TL

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.28_17h33m09s_001_.jpg Size: 200 KB
  • #25
  • Sep 28, 2016 11:53am Sep 28, 2016 11:53am
Quoting P.Action
{quote} hi hsmr you have got the point. forex is dynamic market ok? dont forget this one. lets do 1 example. everything is clear. {image} {image} {image}

CAD increase its worth with momentum. This make market unstable.

And also oil price.
  • #26
  • Edited 5:15am Sep 30, 2016 5:00am | Edited 5:15am
Hello There,

I did some mathematical calculation based on GBP. and i predict all currency price. this is in my experimental stage so pls dont ask how(dont open position according to this table). we just wait and will see if it will happen or not. if it works all price will be same with my prediction column at nearly same time.

i know it is a crazy prediction.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.30_14h57m15s_003_.jpg Size: 196 KB
  • #27
  • Sep 30, 2016 6:19am Sep 30, 2016 6:19am
What time do you expect this to occur? and I know you asked not to ask, but I must ask what does your percentage change figure come from? I am not going to trade, purely for observation and study. Is it a compilation of percentage changes based on past events which occur cyclically?

I'm sorry but I can't offer any insight towards you as I don't know anything. This may be useful but it is on away longer scale
https://www.efxnews.com/story/33701/...-goldman-sachs
HMSR
  • #28
  • Sep 30, 2016 8:56am Sep 30, 2016 8:56am
Quoting Hmsr
What time do you expect this to occur? and I know you asked not to ask, but I must ask what does your percentage change figure come from? I am not going to trade, purely for observation and study. Is it a compilation of percentage changes based on past events which occur cyclically? I'm sorry but I can't offer any insight towards you as I don't know anything. This may be useful but it is on away longer scale https://www.efxnews.com/story/33701/...-goldman-sachs
next month is suitable for this event.
percentage change is difference between recent price and my forecast price.
it is not based on currency history it is based on GBP. GBP is market indicator since bretix.
i looked goldmans list they give exact date that is very pretentious. and there is some mistake in the list

for example they said eurusd = 1.0800 usdjpy=115.00 and eurjpy=129.00
but eurjpy=eurusd*usdjpy=1.0800*115.00= 124.20 so eur jpy must be 124,20

if you look at my list you cant find this type of mistake.

we will see goldman or me(self-learning person) who know this job
  • #29
  • Sep 30, 2016 9:04am Sep 30, 2016 9:04am
Oh I've learnt from the past to never trust these articles froma variety of banks, it's just goldmans seemed to be more on the reliable side when creating these articles, so I'm sort of dissapointed in the inconsistency.

So did you not find any trade opportunities today?
HMSR
  • #30
  • Sep 30, 2016 9:16am Sep 30, 2016 9:16am
Quoting Hmsr
Oh I've learnt from the past to never trust these articles froma variety of banks, it's just goldmans seemed to be more on the reliable side when creating these articles, so I'm sort of dissapointed in the inconsistency. So did you not find any trade opportunities today?
today is last day of week and last day of month. generally strange price action occurs in these days. next monday is retrecement day as i said time is key. you should think time when you trade.
but anyway i missed these 2 trades today. and my buy limit order for audnzd didnt work. 1.0460.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.30_19h10m27s_004_.jpg Size: 217 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.09.30_19h11m11s_005_.jpg Size: 213 KB
  • #31
  • Edited Oct 1, 2016 1:20am Sep 30, 2016 9:23am | Edited Oct 1, 2016 1:20am
this week is closed for me +%14

this month closed for me +%111

motnhly ff ranking 43.

Attached Image


September 2016 currency relative performance

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.10.01_11h17m02s_007_.jpg Size: 159 KB
  • #32
  • Oct 3, 2016 1:53am Oct 3, 2016 1:53am
i was waiting this retrecement unfortunately not happen. gbp aud 4hours bar will close 1.6790.

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.10.03_11h47m25s_002_.jpg Size: 137 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.10.03_11h49m14s_003_.jpg Size: 134 KB

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.10.03_11h50m42s_004_.jpg Size: 144 KB
  • #33
  • Edited 5:20am Oct 4, 2016 5:01am | Edited 5:20am
Hello, for the XAUUSD, do you consider this a break down? I guess it could still go up based on it's cycle.

Daily
Attached Image

Weekly
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot2.png Size: 19 KB
HMSR
  • #34
  • Oct 4, 2016 5:23am Oct 4, 2016 5:23am
I think it has begun ...

XAUUSD hourly
Attached Image
HMSR
  • #35
  • Oct 4, 2016 5:28am Oct 4, 2016 5:28am
Quoting Hmsr
Hello, for the XAUUSD, do you consider this a break down? I guess it could still go up based on it's cycle. Daily {image} Weekly {image}
yes it was broken. blue tl is now resistence first target seems 1283,44

it did not show up move since close below 1325

Attached Image (click to enlarge)
Click to Enlarge Name: 3hIdl3RN.png Size: 134 KB
  • #36
  • Oct 4, 2016 5:32am Oct 4, 2016 5:32am
Quoting P.Action
{quote} yes it was broken. blue tl is now resistance first target seems 1283,44 {image}


Thanks for letting me know about the set up a while ago. Where have you placed your stoploss?
HMSR
  • #37
  • Oct 4, 2016 5:41am Oct 4, 2016 5:41am
Quoting Hmsr
{quote} Thanks for letting me know about the set up a while ago. Where have you placed your stoploss?

happy to se you entered trade. it was so quick i was waiting breakout and pull back sometimes there is no pull back and i hate this

maybe next hour will happen pull back i am watching.

your sl should be above 1306
  • #38
  • Oct 4, 2016 5:46am Oct 4, 2016 5:46am
i cancelled usdcad buy limit order. gold can effect oil price.
  • #39
  • Oct 4, 2016 6:30am Oct 4, 2016 6:30am
Quoting P.Action
i cancelled usdcad buy limit order. gold can effect oil price.

as i mentioned oil price is up

Attached Image (click to enlarge)
Click to Enlarge Name: Ashampoo_Snap_2016.10.04_16h29m25s_015_.jpg Size: 104 KB
  • #40
  • Oct 4, 2016 11:53pm Oct 4, 2016 11:53pm
Wow, I did not realise that gold was correlated to oil too.

How are you interpreting this? It looks like the beginning of another downward move or the bottom of an upward channel.

xauusd
Attached Image
HMSR
0 traders viewing now