NexusFi: Find Your Edge


Home Menu

 





Ward's EUR/USD spot fx journal


Discussion in Trading Journals

Updated
      Top Posters
    1. looks_one thewardiknowof with 59 posts (36 thanks)
    2. looks_two trendisyourfriend with 18 posts (25 thanks)
    3. looks_3 Big Mike with 6 posts (7 thanks)
    4. looks_4 loeser with 3 posts (0 thanks)
      Best Posters
    1. looks_one Nicolas11 with 2 thanks per post
    2. looks_two trendisyourfriend with 1.4 thanks per post
    3. looks_3 Big Mike with 1.2 thanks per post
    4. looks_4 thewardiknowof with 0.6 thanks per post
    1. trending_up 15,038 views
    2. thumb_up 72 thanks given
    3. group 6 followers
    1. forum 89 posts
    2. attach_file 82 attachments




 
Search this Thread

Ward's EUR/USD spot fx journal

  #71 (permalink)
 loeser 
Belgium/Antwerp
 
Experience: Beginner
Platform: Metatrader4
Trading: Eur/Usd, s&p, DAX, DOW
Posts: 20 since Apr 2012
Thanks Given: 3
Thanks Received: 11


loeser View Post
I'm new here and try to write in English.

2 trades short at the moment based on the 123RH
Step in on the 5' chart.

1 short @ 13111

2/3 out on 21( 1.3090) pips and let runner go.
SL just above the 38.2% retrace. Stopped out

2 short @ 1.3103

2/3 out on 1.3084 and runner must do his job.
SL on 1.3095

It seems like we gonne touch the 61.8% retrace from 1.2995 to 1.3175
When we take this out we go back to 1.2995

Eur/Usd is bearish at the moment.



Level 61.8% have to hold now. Otherwise, 1.2995


Reply With Quote

Can you help answer these questions
from other members on NexusFi?
ZombieSqueeze
Platforms and Indicators
Exit Strategy
NinjaTrader
NexusFi Journal Challenge - April 2024
Feedback and Announcements
Online prop firm The Funded Trader (TFT) going under?
Traders Hideout
New Micros: Ultra 10-Year & Ultra T-Bond -- Live Now
Treasury Notes and Bonds
 
Best Threads (Most Thanked)
in the last 7 days on NexusFi
Get funded firms 2023/2024 - Any recommendations or word …
59 thanks
Funded Trader platforms
37 thanks
NexusFi site changelog and issues/problem reporting
24 thanks
GFIs1 1 DAX trade per day journal
22 thanks
The Program
19 thanks
  #72 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51

Today I have graded my assessment of future direction a C. I felt on my trading time frame (5 min) the trend was down from the London open which in real-time which I then changed bias to sideways at 1015 and up at 1035. Looking in hindsight I missed the direction change at 0935 to up when price was accepted above the 50% retracement to the trend line from the swing low at 0850 (for future I will refer to this as the 50% rule). Missing this change caused me to added a direction change (sideways at 1015) and thus I was late in changing to up at 1035.

Looking over an hourly chart (in hindsight) the range from 1.3098 - 1.3150 that had been going for the last day and a half had an attempt to break down at 0445. This failed when price returned to the range around 1030.





Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #73 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


@loeser, you should start your own trading journal to share your thoughts in your thread.

Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #74 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51

Today's grade: A

Price was in a downtrend at the open of the New york session. Shortly after I began monitoring in real time and 10 minutes into my trading session (0940 EST) a 50% rule triggered a trend bias change to up. A second 50% rule occurred at 1105 changing my trend bias back to down.

In hindsight, I correctly identified all areas of future direction bias change without missing any or adding any that never happened.

I was a little uncomfortable with the 1105 change yet marked it. Time showed this was a correct trend change location.

Reviewing in hindsight, my higher timeframe (hourly) chart it appears to me price is still in a trading range from 1.3105 - 1.3147 (narrowed slightly from 1.3098 - 1.3150). There was an attempt to break out again to the downside at 0720 returning to the range at 0940. The range began Monday with two significant attempts to break out to the downside, both times returning to the range after testing the 1.3067 area.





Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #75 (permalink)
 
Nicolas11's Avatar
 Nicolas11 
near Paris, France
 
Experience: Beginner
Platform: -
Trading: -
Posts: 1,071 since Aug 2011
Thanks Given: 2,232
Thanks Received: 1,769

Hi,

Congratulations for your journal, which is very interesting!
(and thanks to @trendisyourfriend for his insightful contribution)

Wish you the best,

Nicolas

Visit my NexusFi Trade Journal Reply With Quote
  #76 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51

Today's Future Direction Assessment grade: A

I feel I deserve an A today as I was able to identify accurately the future direction and all changes without missing or adding any unwarranted changes.

The London session opened and broke out beginning to trend up around 0400. At 0740 price confirmed it was in a period of consolidation which had a range from 1.3155-1.3206, and this is how the New York session began. I began my real-time analysis around 0900 and noticed the range started to tighten and it then confirmed to be narrower 1.3182-1.3206 at 0915, entering my trading session in this tighter range. At 1005 the trend up resumed for a short period and entered again into a period of sideways consolidation which confirmed at 1125 lasting for the rest of my trading session.




In hindsight, looking over the higher time frame price was entered an uptrend shortly after the London open and remained up for the entire time of my analysis.




Grading for the week on Future Direction in 4 days of grading including today, I had 3 A's and 1 C.

As much as I want to get on with it and move to the next step, I understand 4 days is hardly enough to show I have a solid grasp of assessing future direction. It's hard to be patient sometimes.

Have a great weekend everyone!

Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #77 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51

Today's Future Direction Assessment grade: A

Reviewing my days assessment of future direction I was able to identify all changes while live. My change to sideways at 0935 was a little questionable. I feel it could have been a change to up then, but according to how I define a sideways range I felt it was more appropriate. the same thing happened at the 1120 change. At this time I chose to make it sideways as price had returned to the previous range. This was then confirmed at 1155.

There were no unwarranted or missing changes today.



Visit my NexusFi Trade Journal Started this thread Reply With Quote
  #78 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51

Today's grade: A

I was able to correctly assess a changes of direction without missing or adding unwarranted changes.

At about 0900 I began my review and assessment. I marked the direction becoming sideways beginning at 0350 with the range being from 1.3153-1.3180. The New York session began in the range testing the bottom at 0850. real-time assessment began and went as follows:
0930 -direction changed to UP, price having broke the top resistance and price was accepted to the upside.
1105 -I determined price was again in a sideways range between 1.3191-1.3212.
Price stayed in the range for the rest of my trading session.




I would ask, if anyone sees this different than I have, sees direction changes I missed or that are unwarranted please let me know. Thank you.

Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:
  #79 (permalink)
 
Big Mike's Avatar
 Big Mike 
Manta, Ecuador
Site Administrator
Developer
Swing Trader
 
Experience: Advanced
Platform: Custom solution
Broker: IBKR
Trading: Stocks & Futures
Frequency: Every few days
Duration: Weeks
Posts: 50,399 since Jun 2009
Thanks Given: 33,175
Thanks Received: 101,539


thewardiknowof View Post
Today's grade: A

I was able to correctly assess a changes of direction without missing or adding unwarranted changes.



Mike

We're here to help: just ask the community or contact our Help Desk

Quick Links: Change your Username or Register as a Vendor
Searching for trading reviews? Review this list
Lifetime Elite Membership: Sign-up for only $149 USD
Exclusive money saving offers from our Site Sponsors: Browse Offers
Report problems with the site: Using the NexusFi changelog thread
Follow me on Twitter Visit my NexusFi Trade Journal Reply With Quote
Thanked by:
  #80 (permalink)
 thewardiknowof 
Edmonton, Alberta Canada
 
Experience: Beginner
Platform: MT4, Tradingview
Broker: ThinkForex
Trading: Forex
Posts: 88 since Sep 2011
Thanks Given: 200
Thanks Received: 51


Future Direction grade: A

Thankfully today I was again able to correctly assess future direction without adding unwarranted changes
or missing any. I am feeling pleased and more confident in this area. Thanks to trendisyourfriend for encouraging me to focus on this as well as giving me some guidance. Much appreciated.

My assessment was as follows:

In hindsight:
0300 -the London session began in an uptrend direction.
0730 -trend changed to down.
0855 -trend changed to sideways (1.3196-1.3222).

Real time assessment began:
0910 -test of the upper range boundary
0950 -a second test of the upper boundary.
1010 -the lower range boundary was tested.
1025 -price broke out to the downside and was accepted. Trend now down.
1125 -price moved back into the
1.3196-1.3222 range. Direction changed to sideways with an upward bias.
1225 -I stopped my live analysis.




Visit my NexusFi Trade Journal Started this thread Reply With Quote
Thanked by:




Last Updated on May 14, 2012


© 2024 NexusFi™, s.a., All Rights Reserved.
Av Ricardo J. Alfaro, Century Tower, Panama City, Panama, Ph: +507 833-9432 (Panama and Intl), +1 888-312-3001 (USA and Canada)
All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
About Us - Contact Us - Site Rules, Acceptable Use, and Terms and Conditions - Privacy Policy - Downloads - Top
no new posts