Weekly min 60% profit~ Purely Technical analysis

This is just my personal trading journal for my own reference.

Intro
1) loss 60K USD since day 1 trading
2) Recently finalize trading strategy and plan

Indicator
1) AO
2) AC

Time frame
1) Weekly for trend
2) day chart for confirmation
3) H4 for pullback
4) H1 for entry

Exit plan
1) If SL at break-even, using H4 AO to get out
2) If SL not at break-even, use H1 Ao to get out

Device For Trading
1) Using mobile

Will post photo when I enter trade.

NZDUSD showing down trend in weekly chart
Waiting for H4 to breakthrough AO and enter using H1

Enter 3 buy trade
Weekly show up trade
H1 Wick breakthrough H4 AC. Day chart AO showing up trend.

TP @ 123.91
Move SL at breakeven when earn 40pips

2nd black line is my SL and 1st black line will be my exit if the H1 candle breakthrough.

Subscribed......my financials are remarkably similar to yours!

Thank you for your support. Let's work hard together to achieves our goal.

Placing actual SL before bed. Just in case.
SL at 122.28

My EURJPY hit my 1:1. SL move to breakeven and using H4 chart to observe AO color change.

Today is Friday and won't be placing any more trade. What holding now is live will hold and observe.

The Seven Deadly Investment Sins
1) Believing that you have to predict the market's next move to make big return

2) The "Guru" belief: If I can't predict the market, there's someone somewhere who can - and all I
need to do is find him

3) Believing that "Inside information or Tips" is the way to make really big money.

4) Diversifying

5) Beliving that you have to take big risks to make big profits

6) The "System" belief: somebody, somewhere has developed a system - some arcane refinement of technical analysis, fundamental analysis, computerized trading, Gann triangle, or even astrology - that will guarantee investment profits.

7) Believing that you know what the future will bring - and being certain that market must "inevitably" prove you right.

This are all actually from "The winning investment habits of Warren Buffett & Georage Soros". I consider this is a must read book to become real success in investment.

What you mean "enjoy you"?

Moving my SL to 123.08 when H1 candle body breakthrough 123.51.

can i join you?


ahahahha/sorry for that

Sure, you can share your opinions and we can discuss and learn together

I been thinking about starting my own trading journal for quite a while, but I believe this will help me in my trading because whatever I share/posts in this journal I need to make sure all my trade are according to my rules.

So This is a way to help me stay focus and don't jump into any trade that does not meet my buy/sell criteria.

I encourage you to start your own Journal too.

I did with Weekly, daily, H4 and M30 but the result is not that good compare to weekly, daily H4 and H1

Just enter EURUSD using M15chart at 1.09663.

I'm a contractor in NYC. So I don't have the luxury to sit infront of the computer to update my trade promptly. I am going to explain why I go Long with photo later in the next thread.

Weekly = Up trend both AO/AC showing green bar

H4 = AO first wave and 2nd bar breakthrough 1st bar (using H1 to enter when candle breakthrough)

H1 = Enter after candle breakthrough black line that I drew on H4 highest high (but I miss it)

M15 = waiting for AC 1st green bar appear on the bottom and candle close above the previous candle highest high

Before enter, make sure H1 within AO 1st wave from cross over and AC within 1st 3 wave, H4 1st wave and both AO/AC green color, weekly chart both AO/AC green.
As for day chart, as long as H4 AO is 1st wave, we can skip day chart. If H4 AO is not 1st wave than day chart AC need to be green when when going long.

I will enter another trade if M15 candle close below my entry price.

If EURUSD H1 candle breakthrough below my red line I will close trade. Because is a sign of reverse. Better get out first and observe.

My 3 EURJPY trade are all safe because I move my SL at entry.

So now I enter 1 GBPUSD go long.
Weekly chart = up trend because AO/AC are green

H4 chart = AO 1st wave ( high chance) ( to me )

H1 chart = candle breakthrough H4 1st AO highest high.

Open a long trade on USDJPY.

Weekly = uptrend

Day = AO 1st wave green

H4 = AC pull back and turn green

H1 = breakthrough H4 1st AC higher high