want to make my public journal to share some ideas with others + to see how trade looks from other side of the moon: out of RU + to communicate with other members of this forum + also bit practice of eng. lang which is not familiar to me))
work with CFD on currencies
total experience: near 3 years, but better say - I work closely with markets from the Feb of 2017
under the process of building my own strategy + psy control
key tools: EURUSD / USDCAD
work TF: M15-H4
method: waves + fibo + (sometimes) volumes + a bit maths + tons of lazy
style: prefer conservative so I don't update journal too frequently
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I made a few trades, not everything is fine
1st trade is my understanding of the market till today. I thought we'll turn back and left it through night. So this is explanation why s/l was so huge.
2nd trade was from toady, I've opened it, but the price stood long in same point, so I've decided to close it + possibility of uptrend remains. On Monday – Tuesday we’ll back till half of last movement and I’ll close current trade.
I think now uptrend takes a pause and we go back with targets 1,2 - 1,205
Don’t know how other markets work, but currencies are very tricky
Euro gave me nothing but loses
As I wrote before it should goes down, but in a wave down I expected correction, so I made 1,2,3 agressive purchases with short SL and with a small money. But euro has skipped correction for twice! and for trades 4,5 I thought - that's it! and ignored signals for short
Now I have pending order (still consider: leave it or removie it), my opinion about future movements of euro m.b. after today evening news.
Hi to all,
does anyone trade here gold with online blog? I want to read other expereience m.b. share some ideas
Gold has correlation with euro and I think to try trade them both with same logic. Gold much faster rather currencies, has less noise, more "trending" tool but has some features.
I made a few trades and give logic here.
1st trade:
we renewed last low and I supposed to continue this movement. So, I sold it and added S/L behind the "level" + in euro I saw premises for continuation of price down (I was waiting price movement till 1,2660, loot at pic. in the end of this post). Exit - in accordance with signals from euro.
2nd trade:
I saw accumulation of the volume in euro and gold and added order after last peak, s/l - behind bottom and take some margin - to 1301. I understand what profit-loss ratio wasn't great, so in the 1st point I've closed half of my trade position and left it due my expectations of rising gold & euro
3rd trade:
I added 2nd order with same volume, stop behind the last accumulation of volume in case of rising the price and was waiting continuation of uptrend, but euro & gold takes pause and I again closed 50% of 2nd trade and bit later closed 2nd part.
euro:
So, on my 1st acc yesterday instead of previous aggressive I’ve opened very conservative trade (which made all goals for now).
Now I have half of 1st trade in gold and waiting for correction. I share my minds concerning correction on the picture
Clarifications for gold down trade
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Euro
This week gave me only 1 trade (frankly speaking, yesterday I could made 3 more trades, but due very conservative method of trade on this account I preferred to skip it)
If look at my prev trade, I added a new one bit higher, why? Because the area marked as a pale red square gave signals for short (but I didn’t short, because it was not right decision: it takes near 2 weeks of downtrend and it takes less then 2 days to achieve 50% of whole downtrend, so uptrend was very strong) , I left order through the night, stop behind this area. It might be my mistake to wait so long instead of fixating partial profit but the beginning was so strong, so I decided to wait. And have closed it with a small profit.
Gold
At the same time I proceed my experiments with gold. As you can see there are 2 problems 1) big stops and 2) unclear goals. I can’t say: it was awesome trades or something. I can say – I just was lucky and made a mistake in analyzing W1 period: and due this mistake instead of open shorts I was waiting end of correction. Same thing with euro. My opinion: on the next week we’ll proceed downtrend.
EURO
On Monday morning market gave signals for buying but shortly after opening I’ve realized it was fake, so I closed trade and just waited for better conditions. In next half hour market gave signals for sell. I opened trade and left it – Monday always busy day + I thought we’ll continue downtrend, so I left it till evening. Instead of downtrend it goes up, so I closed it manually. On Wednesday market gave signal for short and I sell, it was a small deal because market at the moment was unclear and could run back, so I’ve closed it with small profit.
GOLD
Gold made me losses but due 1/4 of normal lot in 3 of 4 trades it looks not so bad
My 1st trade I made with expectation of downtrend and 2nd lot (full volume) gave me 2/3 of all losses
2nd trade was small + but I’ve closed it because price renewed highs I thought – ok, now correction and we’ll proceed uptrend (red arrow), so for 3rd trade I left buy order through the night. It might wasn’t right decision but I thought if price goes down it skipped my order if goes up when it takes me too
It was unclear for trade situation chances were 50/50 I have to do something with trade strategy to work in small areas such this or just wait (last trade wasn’t wise decision. Trading euro simultaneously I skipped this purchase.)
Publish it with some delay because I’m bit sick now (and today missed very good profitable trade on euro). Euro waits the news on Wed and I expect very strong serious movement from that point.
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Last week was mostly non-tradable for me because I expected shorts in gold but instead of shorts it makes serious longs. SO I just skipped it (and made non-successful short).
euro
Meanwhile euro gave me workable situation on Friday but it was so slow during whole day so I decided to close (end of week + evening). As you can see It wasn’t right decision. But I prefer take guaranteed profit instead of take possible losses (on Monday situation could be very different)
On this week market give different signals but on March of 28 I got signal for strong sails. Open trade from market and added one more in queue later. But instead of proceeding downtrend price stood in small range. It was big concern for me, especially when gold moves down (but also VERY slowly). I already was in such situations before: euro gives a signal for good shorts/longs but instead of moving in right direction it standby and reverse. So I quit. And again was wrong.
gold
Same thing with gold. I also added extra lot, but I closed all trades when price stood. Better be in small, but profit and waiting for a better conditions instead of losses
Yesterday I’ve opened aggressive longs with simple logic: we make good movement and need correction. But instead of possible ups gold gave signal for downs. But also didn’t make any movement. So I wait for a better conditions now.
Euro (again) skipped important news and stays in small area
gold
This week on Mon, Tue, Wed I was out of the market . On evening of Wed when I came back I saw an opportunity and left the order. Wonderful thing about gold is its possibility of moving through night. While currencies just stand, gold works! I also skipped news and now I’m in position, hope in right direction with 1/2 of full lot.
Look like I have to show someth for last 2 weeks
Cant say it was a perfect weeks. Gold
I need more experience in work with gold. Anyway I make some remarks to my plane concerning this one.
Last week it gave me 50/50, on current week I could short from gray rectangle but I got a few (but painful) losses on euro so I choose to stay away from the market and wait till price left both rectangles
Added info about size of each lot
Euro
I hate this pair. Instead of doing something it stood and made strage things
There were 2 strong signals to purchase
Cad
Canadian $ became more clear for me now so I sold and bought it and 1 order in delay. The question – shell I understand current movement as correction or strong uptrend is continuing?
Pound
British pound starts a new round of downtrend, so I placed 2 orders and 1 have closed partially.
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Hello, rintin2x
Thank you for your words, I use different approaches to trade and in some cases I can use volume profile and very rarely simple MA. But prefer see clear chart
Indicators are not bad but (as I think) trader should use it as supplementary.
I could share some of my trade ideas if people from this forum want to hear it
@Larix I have the feeling the approach is almost the same as mine, that's why I thought I write something here, but I still have problem let the trade works 95% of the time and I don't do overnight too.
This week didn’t give anything special. I continue work on my trade system. Still need more experience.
Gold
Gave 1 trade only. Frankly speaking I was more focused on CAD & GBP rather than gold. On the next week I expect to watch correction. 1/4 of full lot.
CAD
Was very slowly – reason why I’ve stated to close 1st purchase partially. And 2nd purchase which I made was unsuccessfully, better say I was watching how price works on others tools and how reacts CAD. Looks like on the next week CAD turns back. So I made very conservative delay order, stop position doesn’t matter – till Monday I don’t expect serious movement.
CAD is exactly about it. Instead of doing uptrand work it freeze. If it's frozen - it accomulates volume.
I think CAD goes down, it's still possible to reach uptrend goal (if I compare how CAD goes down and how it goes up. up movement is much preferable) but current signals for short
GBP
Last money was taken by TP. Week over, 9 days it was a downtrend with weak corrections, so from the new week I expect to watch accumulation and correction. My own opinion – since 17 of April pound started a new subtrend.
GBP
After accumulation GBP simply fell down and I took losses. But it was aggressive purchase with 1/4 of full lot. Now Im also looking for a purchases just because there are a few reasons: 1) low volatility – for last 3 days we made near 100 points – for GBP it isn’t awesome 2) 2 important news were passed without reaction 3) we still don’t have any correction 4) we are on another possible reversal point
GBP became frozen, Euro moves slowly to its targets - >I simply wait both
Gold
Unfortunately I’ve missed the beginning of downtrend and hope we’ll continue falling down but before it could be a correction. Or Not. Don’t know. But I’ll close it before showed SL CAD
Looks like under the preparation for the next serous movement
There are some trades. I hope I was right and we’ll go down
GOLD
Gave me nothing.. just nothing I hope on the next week we’ll identify future movement
CAD
Ready for big shoot. Hopefully I made right conclusions.
MXN (peso)
Something new for me. As you can see I added more funds to this trade but in the same time I closed partially trades to hedge my shorts. Peso now has volatility same as euro had in 2011-2013 years.
My experience in growing up and I’ve realized 3 things
1) Make trades with serious money in direction of trend (trend is your friend): by doing this I have great statistical opportunity
2) If I don’t understand market – I just stay away from it and wait for my conditions in accordance with my plane. Market does 2 things only: accumulation & distribution. So if pair isn’t clear for me -> I just shift to another one!
Simple things but it takes time to understand them
3) Dont be too greedy. If market doing somthing unclear and I'm in the trade - better take money now (full or partial) and wait for better conditions.
As I wrote yesterday - there could be a correction. Looks like it starts. I take money off market because this is the end of the week. Lets watch how the next week starts
EUR did what it did but I dont believe in this movement
when it makes such things on Asia without any news-> this is not a good
m.b. Im wrong but I prefer to wait
++++ GBP
same idea with GBP. I prefer take less losses
doing something which I worry about:
from 26 of June till 28 we made 1645 points down, 29 of June we made 955 points up, iI mean in 1 day we made up near 2/3 of what we made in previous 3 days, for shorts it isnt good sign. so lets release some profit!)
Thanks but actually NO, it isn't good. I've missed previous serious movement down for 200+ points. More attention to details .... more work with market
1st short
my opinion about of the trading - it's a boring thing: most time I have to wait untill price comes from point A to point B, then wait for my conditions and if they appears - open position and wait again ..... untill the price arrives to the next point or close order if something goes wrong ... and wait agian right condiitons.....
it's all not so impressing as it shown in movies
does anyone tries to use such regularity in trade ? anyone???
I make observations & gather statistics and if someone has any expereience in such area and ready to share I'll be glad to hear
Small advice to whom who wants to trade CAD on the news
If the price 5-15 mins before the news suddenly shows (for example) downs from current level(s) in 90% of all cases on the news in goes to the different direction (goes up)
But check the market before make such decision and be aware – its risky – if you made wrong conclusions you could get 100 points or more of losses – 6 of September of last year on the same news it was a gap over 200 points in less than 1 second.
Peso gave good signal for shorts
Ppl say - it's an exotic pair, I answer - which pair could give 250+ or 470+ points for 5 days?
I think to change (again) my TS and trade H4 or more. (On the one hand it's so boring on the other - less mistakes.) And make quick intraday trades on M5-H1 with really short stops. Im sick of 30-70 points stops.
I study how to trade oil. May be left for me oli & gold and cut others?
gold
I was waiting for shorts but to prevent previous mistake with 2nd order when the price took it and moved backward I held all trades before today news
So I've closed 1 trade in the place of last important minimum. Its desicion of each trader - wait for something better or close now. I prefer to close now because I dont know - wheter price proceed downtrend or moved back. This is all about my business plan which allows me both.
cad
cad is doing exactly what I was waiting for: renewed lows a bit and now make correction
and again = its choice of each trader - the enter in such correction or wait for end of this correction and continue shorts. In that case I skipped this opportunity because wasn't sure about the targets.
Beautiful thing about the currencies - they always make a correction and if I missed good enter - in most common cases market gives me 2nd chance. I have just w.a.i.t.
...gave yesterday good signal for shorts
I've closed it partially bacause today afternoon I'll left market before it closes
but if i was a wiser I opened trade in area 1.1790-1.1813
but dont think i work only in +
there are a 2 stupid tradesin september, actually i was bilnd and instead of trade market i traded my expextations
shame on me for such trade
I've closed gold before left the market on Friday
2nd trade - it was my expectations about future shorts but when price showed negative reaction - I made decision to close it to avoid possible losses
hello guys
so I closed 2nd part of my trade because we are at the gray zone - price could proceed downtrend or not, I don't know
so I prefer to take money from market and will open a new position if a new signals appears
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my opinion concerning gbp and euro (because they are close each other)
gbp
I've opened 2 trades because I saw "accumulation 1" and at that moment i didnt have clear idea concerning future movement. So I left orders bit higher of last accumulation levels and has entered into position 9 of Oct. Price goes up and made another accumulation and I expect uptrend.
It could be long trade.
euro
if I made right conclusions concerning future mvmnt of the price -> this is how it will work: 161 - 261% on the long run
also plane find points to enter into the market
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didnt show any trades for a long time because im focused on gold and endless experiments with my understanding of market structure. Howto trade if i dont understand internal mechanics?
2nd thing im worry about - which tools to trade? my style of trade isnt to catch a couple points and left the market + im looking for volatility
last 1/2 year i study oil and seriously consider to reduce number of tools: currencies makes tons of surplus moves (actually they all are not "surplus" and have a reasons but for me its just extra noise), they are slow, mostly depends on USD and takes extra attention
I could trade gold, oil and m b (in a future) some indexes or completely left H1 and trade currencies on H4 and higher. But long trade demand higher level of market understanding
So im considering ….
gold
about the gold, i expect uptrend, I've missed a few profitable trades but it isnt important now, the thing is - in my trade i (mostly) understand how gold make its moves
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as I wrote before I was waiting ups in gold (and missed it, was away from terminal becuase thought gold made it later)
so, on morning I saw "accumulation1" and sell from market + added stop near the border of this accumulation but not above, because if price goes above it - this is strong signal for ups
about goal: after we've renewed maximum why doesnt renew minimum? It's obvious in this situation. Last minimum was 24/10 I added TP near this and close market till evening. So it is.
Using such strategy with gold I dont need any volumes, indicators and other stuff. (they are not bad but for gold I dont need it)
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