Gejordan Weekly Journal

here the 4h with last weeks pa

First, what are you trying to achieve on a M5 or M15 at the end of the week using the lowest point for entry based on something you see on a H4? I'll take the money if you don't want it.

Now look at your chart. When you took the M5 trade was there anything on that chart saying price was moving down? (Hint: NO)

So, this is purely speculative with little hope for long term profitability. Now, the only hope you have is recognizing that and then following my saying... "first action at a place, make it retrace"
You sort of did that and price went 10 pips.... take the profit on a M5, but don't take a loss because its money you can afford to lose. There is no such thing in trading as money you can afford to lose. If you trade with the thought you can afford to lose it, that is just what you will do.

As for the M15, again, nothing saying short, its pure hope and needed better entry and quicker exit.

thanks... here is the setup using your candles.



1. If you are going to trade the H4, trade the H4.
2. Your setup is fine and entry is ok... but here is the issue that causes the pressure and account drain by 1000 cuts.
3. On a H4, you can fully expect price to go all the way down to the low of my box, so the nearer to the box you enter, the less stress on you and your trade. Or trade a half position. But it is still a live trade as you shut it down.

Now, if you go to the M15, you have to trade with this knowledge and take a profit as discussed before because price can be expected to go down just based on basic volatility.

thank you for the analysis of my trade ge :-) today i bought eu after pa action near 4h pricelevel. due to agrressive entry it moved stops fast and got taken out.

nothing going on with that chart says exit

Got clear
1 trade
EJ short - tp1 & 2

good one

good job

did either of you take anything yesterday? i was looking for one of you to show me the GJ short

Was ready to enter a touch higher...

I didn't take anything. Same as Mike, I was hoping to get in a little higher

This is for you Margin... (I look smart when they go like this)

GJ - Identified area on H4, went down to M15 to trade it. The point here, It's ok to identify areas on one timeframe, but I am of the belief you have to either (1) trade the timeframe you enter from or (2)trade the timeframe that gave you the area of interest. There really is no in-between if you expect a consistent result



Option One: I identify an area from the H4, I go down to M15 and wait. It gets to the top of the area, not low enough for a full size entry and the action does not support a long yet on the M15. So I take an early entry M15 from the top at a smaller size position based on the risk (4 candles after my entry was a better price action supported entry). NOW... if it goes further down, I take small loss and wait. If it heads up, I want to trade what it does on the M15. My target can be the top of the channel (the red horizontal arrow), or I can see if it will go the same amount as the length of my area of interest. My area of interest was 70 pips, and action never told me to get out, so I got 70 pips TP1 (and 130ish TP2 as shown above). All on about 17 pips of actual risk.

Option 2: Trade the H4.



At point 1, I have a valid action, but I don't want to enter there. If I had, I have to take a half size position and shut it down at that top purple line area of interest. Better entry is at the bottom purple line. So, As we saw in option 1, I enter near it, but then I come back out to the H4 and manage via the H4. I can enter where I did with or without going to the M15. IT IS ALL ABOUT GETTING TO ACCEPTABLE RISK. Whereas I could shut it down on option 1 if it went below the purple line, on this one, I would shut it down if it went down below the top of my "area of interest" box. Now, I had about 70 pips of risk, it went 150 for tp1 and I shut it down at 275ish on tp2. there was no reason to shut it down from the chart, but I won't be around to watch it for the next few days, so I shut it down. The additional point, have a reason for shutting it down that is based on the chart or your schedule.

Got clear
1 trade
EU long
TP1 & 2 (at rejection of possible split line)
Missed the following short there due to no retrace...

Got clear
1 trade - Long EU
closed after price closed below box...got a little retrace up to minimize loss.

On your GU, I am guessing you knew the problem quickly since you had a small loss... so take it the other way when it retraces to top of box.

it didn't go out on action and it didn't clear the candle before, so if you hold that long, not sure why you closed.

You are right. I should have stayed in.
I thought a close outside was ample reason to close my trade. However, you are right about the candle before not being cleared.
I was looking at that point for an action to close back inside the box first to go long.