NU T2, closed at BE, 0 pips
UJ T2, hit goal 33 pips, then reversed. The goal was only a little below the S/R region that was a combination of the weekly R2 and the daily R2.
Friday: 139 pips.
NU T2, closed at BE, 0 pips
UJ T2, hit goal 33 pips, then reversed. The goal was only a little below the S/R region that was a combination of the weekly R2 and the daily R2.
Friday: 139 pips.
FIRST WEEK:
Monday: EA 20,0. EU 20, 0. GA 20, no 2nd place taken. GJ 20, no 2nd place taken.
Tuesday: AU 20, 50. EJ 20, 20.
Wednesday: ACAD 20, 0. EU 20, 0. UCAD 20, 0.
Thursday: EA 20, 0. EG 20, 67.
Friday: GU 20, 48. NU 18, 0. UJ 20, 33.
On Monday there was no 2nd place on GA and GJ. Second positions are not taken when: A) Not a good set up to start with. B) Not enough space left in accore with the ADR. C) Next region of S/R is too close and too strong.
On Tuesday I closed the EJ second place at 20 pips, because when the first place struck 20 pips I reaccessed the commerce and decided the second place wouldn't make it into its goal.
On Friday I closed the NU first place before 20 pips was reached, because it struggled for hours just to make 18 pips. It was also very close to a strong S/R. On its own I wouldn't have taken this transaction, but GU agreed with it, ie; USD was moving up.
Summary: 496 pips. Trades 26. Wins 19. Loses nil. Break.
The trades early in the week are not within this journal. Here is a link to them.
https://www.forexsoutheast.asia/cryp...ls-indior.html
Tuesday:
UCAD short, A 20 pips, B 32pips.
Wednesday:
UJ long, A 20, B 0.
EJ long, A 20, B 76.
EU, B 115.
EJ, B 30.
Friday:
EG, A, 20 pips. B, stop at BE.
Gold, B and A still running.
Pending:
GN short.
AU short.
EG, B closed at 40 pips.
Gold closed, A 68 pips. B 88 pips.
No longer trading for Friday. 12:20 AM, off to bed.
SECOND WEEK: 409 pips. Trades 22. Wins 15. Loses 6. BE 1.
Monday: GU -40, -40. GJ -40, -40. UCAD -40, -40.
Tuesday: UCAD 20, 52.
Wednesday: UJ 20, 0. EJ 20, 76.
Thursday: EU 20, 115. EJ 20, 30.
Friday: EG 20, 40. AU 20, 60. Gold 68, 88. GN pending, canceled.
Every transaction this week was a Break-out, Pull-back, Continuation, although I don't always wait for the continuation part. Occasionally I shall enter a transaction on the pull-back.
When entering the pullback ( Mondays transactions, Tuesdays commerce, Wednesdays trades ), the benefit is receiving the first 20 pips before, and more pips on the next position. The disadvantage is if there is no continuation then I'm at a losing trade.
Waiting for the continuation is your conservative ( less risky ) way to go into. The disadvantage been having to wait for 20 or 30 pips, or what , before entering a transaction.
Thursdays transactions I waited for the continuation ( nearly ). The ideal entrance is a few pips beyond the high/low of the breakout pub. I entered Thursdays transactions a few pips before.
Fridays EG and AU were conservative BPC trades. The Gold I entered the pull back, and didnt closed the first trade at 20 pips, mainly because this was my first Gold commerce and just wanted to see how it goes. Turned out real great. I entered gold onto the pull back because the break-out pub was big and authoritative.
I shall continue to enter transactions on both: A) the pull-back, also, B) awaiting the continuation, depending on how I feel about it. Trend, correlation, split pub size, space back to S/R, pips left ADR etc, etc..
Some transactions will be entered using pending orders, such as AU on Friday.
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