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Journal of trading price levels/zones


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Journal of trading price levels/zones

  #21 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93

4 trades today (eur/usd): +27 ticks, 0 ticks, 0 ticks and +22 ticks=+49ticks. Good day, I had much more confidence with my trading now and I really can see and analyze my charts better and act according to probabilities, my vizualization is helping a lot!



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  #22 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93

Now I feel like shit Basic support trailing of my stop could have yielded 75 ticks more.. And I was basically expecting move up but I didn't have patience for it.

Well I can't do anything about it, just try to manage trades better in the future, I just had to share this.


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  #23 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93


Okay I'm starting this journal again. I'm going to share every trade I take from now on.

The first entry of the day gbp/usd:



GBP is very high atm and I think some profit taking is due after that PMI report and piercing of round number.

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  #24 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93

Still short GBP/USD with stop at breakeven. For now I let it run till tomorrow, the potential for a bigger down move is still there.

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  #25 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93

If you take a look at above and below volume charts, my indicator paints bars based on how fast they are completed, so it highlights white/light gray areas that are high volume bars on time-based charts. Then I simple ask if it's going to make a reversal or continuation and then a follow up question reversal/continuation now or later and take as good entry as possible (or do nothing) and manage the trade based on context etc. just like I'm taking those entries. Maybe first time that method is something I truly believe in.




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  #26 (permalink)
 Stops5 
Tampere/Finland
 
Experience: Beginner
Platform: Sierra Chart
Broker: Edge Clear
Trading: Futures
Posts: 91 since Mar 2011
Thanks Given: 302
Thanks Received: 93

I couldn't babysit my gbp/usd short trade after PMI report, so I put limit tp order which got triggered while I was away and I got 31 pips from it. Trade was ok. GBP is still under pressure but NFP is around the corner so it's good to be flat anyway. It was also refreshing to trade other currency pair than eur/usd which I had trade many months exclusively.

Let's see how NFP shakes the markets in a few hours.

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Last Updated on May 2, 2014


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