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Thread: FxAmericas Trading Journal

  1. #1
    This is strictly for me.

    If anybody read this thread the above mentioned statement. You are welcome to posts.

    So why on a forum? Well since I ran out of a notebook or as I forgot how to compose using a pen/pencil or maybe I like FF? I really don't understand, it just works better for me personally. I posted a few my trades on a different thread, though I didn't get any answer, it'd help me a lot attempting to stay within my principles and be more disciplined.

    I am a new trader and strict cash management has not been my strong point. Impatience and absence of discipline sometimes to SL and TP are responsible for 80% of the losses.

    I am a student of Price Action generally. I tried a couple times to stick with a single system but I never felt as though I belong everywhere. But one place I'd endorse anytime to learn Price Action would most likely be James16. James16 himself, from his posts, seems very down to Earth. His right hand man Mbqb11 appears very nice and extremely patient. I see people asking questions all of the time that should they only read the first page they'd understand the answers, but these guys just answer with a smile. This type of kindness is new to me since the first guy I learned Price Action would have said go back to the first page, read and comprehend, then click page 2, repeat till you reach your post lol. I guess once a person blew up a couple accounts he/she feels pretty low so they are going to take abuse from anybody.

    Anyway, I will Search for Support and Resistance on the Daily, Weekly and Monthly level. After I have my signal on the Daily chart I'd love to go into with the smallest SL possible and goal for Daily, Weekly and Monthly support or resistance levels

    I shall touch commerce or using full confirmation. I will try to comprehend the macro level of stuff and will prefer signals that coincide with the macro management.

    I will post charts with sell/buy entrances and I will post charts after the trades are closed as proof. I am doing so to make sure I do not cheat myself and rigorously stick with my egy.

    I will risk no more than 10%. I understand this is slightly more than advoed so I will only trade powerful signals in which price is at MA's, Fib., around number, and fatigue.

    Ok. Goodluck to me personally.

  2. #2
    Quote Originally Posted by ;
    Good luck on your trading wish you the best just started my own also. Looking ahead reading your post

    Happy Trading
    Marco
    Thank you.

    X

  3. #3
    My EU sell order was activate.

    I am 60 pips at this time and SL moved to greater than BE and I'll hold it till SL is struck. No TP at this time as I hope this is going to be a fantastic reversal. Price levels are reddish lines.

    SL is going to be corrected after London opening and the close of NY session.

  4. #4
    Quote Originally Posted by ;
    My EU sell order was activate.

    I am 60 pips right now and SL moved to greater than BE and I will hold it until SL is hit. No TP now as I hope this is going to be a good reversal. Price levels are lines that are red.

    SL is going to be corrected after London opening and the closing of NY session.
    I shot 1/2 position off at 1:00 PST which is when a PB appear on 1hr, which is not very important ; however, it is a good spot for me to protect some profit (@1.3910 for approximately 80 pips). I am letting the 1/2 position run until a strong reversal of the current minor bearish run seems. I am watching price amount at 1.37889 for hint of PA..

    Current SL at greater than BE.

  5. #5
    Quote Originally Posted by ;
    I took 1/2 position off at 1:00 PST which is when a PB look on 1hr, which is not very significant; however, it is a fantastic spot for me to protect some profit (@1.3910 for approximately 80 pips). I am letting the 1/2 position run until a powerful reversal of the current minor bearish run appears. I am watching price level at 1.37889 for sign of PA..

    Current SL at greater than BE.
    EU currently 202 Pips. SL unchanged.

    I let go off a GU commerce because I chicken out heading toward affirms. I wish I traded with my plans. From now. Trade my egy. My egy for GU would be to wait to see where she closes later today.

    Price currently rejected from long-term uptrend. I enjoy touch transactions but now I will wait for confirmation from my beloved GU.

  6. #6
    I am a technical trader but I like to learn on the fundamental level why something has strength to push through support and resistance levels.

    So why did the Dollar has more strength now? Is this because US market is doing good or as something else? I don't know anything about the correlation between bonds, gold, oil, or some of that. However, I read on CNBC that China hike rate by 25% and that turn now to some risk aversion day. So dollar strength now is due to risk off not due to US market doing better? Either way...

    Pertaining to my EU trade. I still want to sell the EURO because I don't believe the eurozone is stabilized however. But anyhow, that's as much fundi as my brain can handle. Back to trading the charts.

  7. #7
    EJ-Sell. TP 109.677
    GU-Sell, entrance on retrace. 1st TP 1.55
    EU-Add position if daily close under 1.37778

    Touch commerce or full confirmation will be reevaluated at the end of NY session.

  8. #8
    Quote Originally Posted by ;
    EJ-Sell, entrance on retrace. TP 109.677
    GU-Sell, entrance on retrace. 1st TP 1.55
    EU-Add place if daily close under 1.37778

    Touch trade or full affirmation will be reevaluated at the end of NY session.
    No trade was put in because there was no clear PA at the level I was expecting.

    EU was stop outside at 1.3927. 2 more hours before New Yor session shuts to see where prices will be. 1.4000 level was never touched. It's interesting to see what Asian session is going to do. There's a feeble 1 hr PB. . .who knows.

    I took a GU trade. There was a feeble 1 hr PB at a daily confluence, price, trendline and MA. If its works out, I'll look at 1.58000 level for PA to take profit or let it runs.

  9. #9
    Right now, I just have GU trade opened.

    EU-Stopped out
    UCHF-Stopped out.

    Currently at 23.7% improved.

  10. #10
    Quote Originally Posted by ;
    No transaction was put in because there was no clear PA at the amount that I was expecting.

    EU was stop outside at 1.3927. 2 more hours before New Yor session closes to determine where prices will be. 1.4000 amount was never touched. It's intriguing to find out what Asian session is going to do. There's a feeble 1 hr PB. . .who knows.

    I took a GU trade. There was a feeble 1 hr PB at a daily confluence, price, trendline and MA. When its functions out, I'll look at 1.58000 degree for PA to take profit or let it runs.
    Profit taken at 1.58.

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