Gejordan Weekly Journal

Got clear
1 trade - GU short
tp1 & b/e

Got clear
1 Trade - EU long

NEW RULE TIME.... oh fun.

This new rule is for Tadeusz only. Mikepip will continue doing what he is doing. Mikepip is constrained by the hours of his trading session, he really only trades for a 2-3 hour window. This time constraint puts a ton of extra pressure on Mikepip and forces him to have laser focus if he is going to trade successfully within that constraint. I can confidently say he fully appreciates this and trades with an entirely new level of seriousness now than he probably ever has before... and its paying off.

So, Tadeusz is in a different boat. He can go from pre-London into the early US session most days. He has the luxury of using time to make opportunities more clear. So I am giving Tadeusz a new rule to add some pressure. By pressure, I don't mean negative pressure, what I mean is placing a circumstance onto him in an effort to force a result. In this case, the result being to feel the effects of trade prep and entry more, both positive and negative.

Any time I give them a rule, I never know what the unintended consequence will be, but I know what I want to have happen, so we will see how it goes.

Tadeusz new rule. When Tadeusz takes a trade, he is not allowed to exit until he is hit at full loss or until there is a valid setup and action that would make him want to be in a trade in the opposite direction. So, even after he takes first profit, he can't bail when price moves back to BE on him. He has to stay in until an action happens that would drive him out.

Obviously, this will likely make a bunch of his current TP1,BE trades go to TP1,SL2 and instead of net positive he will now have more net BE. But I am hoping we will see a pickup in TP2's which, if he gets good at this, will outweigh the negative. We'll see what happens and if none of this post makes sense, follow along and it will hopefully become more clear as he takes trades. In short, I have simply given him a new exit rule and he really doesn't have to do anything different. What I am really trying to drive is more recognition of his gut feelings about a trade prior to taking the trade.

1st trade with new rule.

Not sure if it was okay to exit TP2 where I did, or if I was meant to wait for bearish action, but I thought it was a sensible target and I didn't have much more time to spend at the charts today.

Got clear
1 trade - GJ short
TP1 & 2

nice job today guys. My only issue is that I think you both should have been in more than one trade today.

Good thread...

Good job, I like that you went after both of them and maximized the day. Good job holding through on both to get profit and also recognizing the upper limits of your range as it developed.

thanks... if I might ask, what do you like about it?

got clear
1 trade - eu short

Did you consider that top green line when you took the trade or an hour (or more) after you took the trade? If you considered it before you took the trade, then that becomes your best entry and you are in from too low. Not the first time we have seen this on a Monday.... need to put this in your memory bank.

Attachment

Your first GU long was poor, especially in consideration of how well you handled the EU. Was expecting to see the GU short from the top from both of you.

I had the line early on and since I had already been in the trade I used it as a breaking point. Ideally yes entry would have been there. I have seen this in the past especially on Mondays and will definitely keep note of it. Thanks!

Got clear
1 trade
EU short - tp1 & 2

I think EU gave you less situational risk this morning with a clearer overnight story.