Gejordan Weekly Journal

hi traders , nice to see you hang on to thread! i´m impressed.

feel free to participate

Got clear
3 trades - GJ shorts
1st - price was still going up. wouldn't have killed me to wait a bit longer. small loss when price closed outside box
2nd - price pushed back in. retrace to top of body - tp1, and small loss just above box
3rd - price could not push out of the box...kept trying. so i entered again. was a bit panicky that price would bust up. tp1 (small) and b/e.
overall, a best entry could have prevented the fireworks display on my chart...

Update, entered long on eurjpy

good job staying with it and getting back the lost money from the GJ trade. I think your GJ arguably called for a split entry. Probably doesn't change the outcome, but likely saves you some pips.

Thanks for the Invitation gejordan :-)

i tried to buy the retest of the breakoutarea speculating on an rolereversal.

It was a positive trade, so in my book, those are always fine. The first question you have to ask yourself is how do you feel about this trade? Are you happy that you gave it a try and it turned out ok, or annoyed/upset/angry that you turned out to be right and missed the move? You can ask the gents, recognizing the emotion right now after the trade, and being honest to yourself about it, is one of the most important things you can do. We spend quite a bit of time on it (and I think you can start seeing the benefit of them handling the outcomes of their trades better in their results right now)

I am not sure exactly the details of how you are trading, so I'll take a basic view of how I see this action. This feedback would be true regardless of the pair...



You wanted to long on a retest of a breakout... (1) Sets the high of the range, (2) consolidates and breaks up, (3) goes higher than (1), can think long, with entry between the arrows. You did that.. perfect. (4) this is where I would take money off, back at the high of the range ... I don't trade M15 during this time of day, so I think an 8 risk for 20ish tp on USDCAD is a nice little haul during that session.

(5) Price comes back in the range, danger short. (6) about the same thing as (2), did go lower but turned and went higher at (7). Let it come back in the arrows and do it again. Much more interested in this series because its setting up into the US session and you are probably more likely to get what you want out of it.

I think you handled it well, but I think you got what you needed out of it during that session, so take profit. More important, how do you handle not taking the profit and will missing the move bother you or not. Our ability to handle the emotions of the last trade and not bring baggage into the next trade is paramount in trades like this.

Thanks for you extensive reply. yes im happy i tryed the move.
i liked the setup also on the 4h and hoped to eventually get away with the entry that sticked from there.
So 4h hour retested again and i was not willing to give it room.
I have to work, so i follow the market not extensive enough to handle the 15min candle by candle. so no regreds here.

I stopped trading for half a year and my prominent thought pattern: greed..calmed down a bit. So i trying the olympic idea for now.:-) im happy to participate with money i can afford to lose. Well this all can change quick i know.. but thats why im here with the tradeexplorer fully accountable ..watch me boom and bust traders .

so this was an H4 trade... that changes things.... don't like your handling of it as an H4 based on my H4 aggregation. Show your H4 chart (in case your candles are drawn differently than mine) and I'll mark it up. Although, the trade was still positive so recognize that I am being ultra critical.. I am still fine with any positive trade.

have you guys noticed how you get to TP1 and then price comes back and takes the remainder position off you end up on a BE and 'promptly' moves back in your direction.

I have discussed it with them, and why that occurs some of the time, but right now we are concentrating on seeing the action and getting involved in the right direction. Right now, I am more focused on getting their brains to understand that they can be successful, competent traders and that they can do this. I am getting them to appreciate the work and discipline it takes to do this.

They have had the same rules, every day, for two months and they are still getting their brains to hop on board. Obviously, as the charts have shown this week, they are getting there, but for any losing trader that reads this... this is the work that is required to turn yourself around and do this competently and without treating it as a gambling addict would. Day after day, week after week, month after month of the right kind of work.

continuing on the conversation....

take tadeusz... had about a -20pip week last week and a +100pip week this week. In his -20pip week, he had a trade that cost him 50 pips. Mike took the same trade and got +30 pips.

Lesson #1 - This is trading. Mikepip and Tadeusz have the same rules and are looking at the same charts. One trade can have an 80 pip variation on your results.
Lesson #2 - How are you going to respond when you are on the wrong side of the 80 pip variation. Implode.. or learn from it and turn the next around. Tadeusz learned from it, and turned it around. This is good stuff.

It is fun to look at charts where you are consistently getting the best entry and putting low amounts of stress on yourself because you are always trading from the right place. NO INDICATORS REQUIRED. Just your Brain. Your time. Your effort.

Insert > Shape > Rectangle - the most powerful indicator in metatrader? Its all these guys need.

Got clear
2 trades
EJ short - loss (right trade, bad entry/fear of missing)
GU long - tp1 & tp2

this is how i saw the 4h from yesderdays trade..

1 Eur/usd long.
getting long after new high in 15 min range , stop under range.

i liked the level as 4h rest. rushed in the short by first signs of weakness in 5min . was aggessive with stops and got out at the retest. but this offer next short opportunity on 15min so i rentert short with bigger stops 14428 .. well it was against the currrent trend so i took smaler position.

Our charts are aggregated differently so can you post a pic with a few weeks shown on the H4

good one, same area as the one tadeusz showed. I would push you to enter even a little bit lower. it could certainly cause you to miss the trade, but to eliminate the "bust" portion of your named explorer, minimize risk always.