Alphav. awakens

Prelude to day 5,

Food for energy

Trading Workstation Setup

One nice selfie

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NIce photos! :slight_smile:

40 this year??? I just don’t believe that for a minute!!! :smiley:

You seem to have a liking for those biscuits…I don’t suppose they contain anything that has something to do with looking so young and healthy…:smiley:

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It is true. i am 40 this year. I don’t think the biscuit has anything to do with my youthful look. Genetics perhaps…

Here’s my favorite biscuit. It taste wonderful. I highly recommend it.

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So you live in Singapore. How do you like it there. How does the time zone suit your trading?

I grow up in Singapore. Live here all my life. Getting crowded though. Singapore is rank 2nd densest population country in the world. 1st is Monaco.

I trade practically every timezone. With Samsung edge 7 android phone it is becoming quite convenient. Normally, i plan my trade at midnight, when everyone in my family are asleep. It is 2am now in Singapore. I will be working afternoon shift later in about 11hours from now.

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I also chose a Samsung 7 edge when it was released and I’ve been so pleased with it! To be honest I use my mobile as a camera more than anything else and it is really good. The “edge” was a rather expensive extra and I don’t use it much but the photos look much better with it so it was worth it.

Day 5

Trade 1
Entry : Short EURCHF 0.01Lot at 1.15866
Target : 1.15699
Stop : 1.16101

Trade 2
Entry : Short GBPCHF 0.01Lot at 1.31781
Target : 1.31499
Stop : 1.32101

Update for Trade 1 & 2,
I Hit Target! Divergence work again.

Now, i am on the way travelling to my workplace.

Before i left home, took one selfie with my youngest son for some motivation to be alive.

Trade 3
Entry : Short GBPAUD 0.01Lot at 1.70702
Target : 1.70499 (Major level midpoint)
Stop : 1.71201 (swing high)

Trade consideration,
1.AO breakout
2.Swing low breakout
3.Price trading below 3 alligator lines

Weekly Review (Sept 18-22, 2017)

Summary of my Trade Entries (Corrected update)

Due to my busy work schedule, i was only able to do 17 trades this week.
Total profit : +356 pips
Total Loss : -194 pips
Profit Factor = 1.83 (Acceptable range > 2.0)

I have failed to achieve sustainable profitability for the long run, as you can see my Profit factor is less than 2.0. Well, at least i did manage to keep my account in the Green. That’s something for consolation.

Here’s a screenshot of my portfolio statement

My Pre-determined Risk Reward ratio

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Day 6

Trade1
Entry : Short 0.01Lot USDJPY at 112.313
Actually, i wanted to go Long. Shorted by mistake. I closed order immediately upon entry at 112.303. Gained +1pip.

Trade 2
Entry : Long 0.01Lot USDJPY at 112.315
Target : 112.601
Stop Loss : 111.799

Trade 3
Entry : Long 0.01 Lot USDCHF at 0.97071
Target : 0.97301
Stop loss : 0.96599

Trade 4
Entry : Short 0.01Lot AUDUSD at .079522
Target : 0.79199
Stop loss : 0.80101

Current use of leverage : 8%

Hey dude, are you open in all of these at one time?

The Ever Interested VIPER

Yup, What do think? is it a good idea?

Actually, i’m more confident with Long USDJPY. But because i’ll be working, thus won’t be able to look at the chart to make any entries. So my Long USDCHF and Short AUDUSD trade, i may have entered the trade somewhat early.

Trade 5,
Entry : 112.172
Target : 112.315 (Trade 2 entry level)
Stop : 111.799 (Trade 2 stop level)
I decided to Long another USDJPY. My initial bias for USDJPY is bullish and USDJPY is doing a small correction, expecting price to bounce off ema240

Current use of leverage : 11%

Updates to Trade 5 Long USDJPY, Hit target +14pips.

I closed my Trade 3 Long USDCHF at market execution manually at level 0.97293. It was 0.8pips away from my target. I was worried that market might just turn on me like the USDJPY trade in the morning. I was aiming for 112.601 but market decide to turn around at 112.520. It just kind of irritate me.

Current use of leverage : 5%

Right now, i saw Adnan’s post of buying GBPUSD. I’m contemplating to enter as well, but seems to contradict my own position. Thus, i’m still thinking.

Trade 6
Entry : 112.059
Target : 112.180 ( average point with Trade 2 )
Stop loss : 111.799 (same as Trade 2 SL )

Current use of leverage : 8%

Thats the stuff. Trust in yourself. Wonder whats adnans thinking about that trade at this moment

Hey dudes, GBPUSD bottom of a range, looking for a pop back to the top. I did the same last night on the Yuppy.

The Ever Adaptive VIPER

I agree with that, but awesome oscillator histogram bar is showing me an open wedge formation. GBPUSD price action is uncertain to me at the moment.

Most importantly, the US index Futures is showing me that USD is quite strong at the moment and may be going up. Notice the breakout of pitchfork price channel and Divergence in price vs True strength indicator?

I think i will hold on to my Long USDJPY. I will pass for now on the Long GBPUSD that Adnan proposed.

The reason you are seeing uncertain movement is a function of the price action, stuck in a range. With range bound pricing, if you are a trend trader, you are best to stay on the sidelines, until you understand how to trade a range.

The Ever Helping Out VIPER

Yup, you are right on that one. I’m more of a Trend Trader. I guess i will stay on the sidelines for GBPUSD this time round.

Update to Trade 6 Long USDJPY, I manage to hit target and gain +13pips.

Update to Trade 2 Long USDJPY,i’m changing my target from 112.601 to 112.801. Reason being US Index Futures is showing me potential DOLLAR Power Bullish breakout. Just formed this conclusion after i attempt to find a reason to enter a Long trade for GBPUSD, unfortunately, i was unable to convince myself. I’m aiming for USDJPY Daily R2 level.

Trade consideration,

  1. AO breakout
  2. Price trading above 3 Alligator lines as well at both EMA240 and EMA480
  3. US Index Futures illustrating bullish sentiments for the dollar

Trade 7,
Entry : Short 0.01 Lot GBPUSD at 1.35109
Target : 1.34999 (Fibo 38.2% level)
Stop loss : 1.35401 (Immediate 5min Swing High)

Trade consideration,

  1. Weaken bullish AO histogram
  2. Price seem to bounce off ema240
  3. My bias for USD is bullish

Bingo! Trade 7 hit target in 13mins, gain 10pips. :smiling_imp:

5 Winning trades so far


Actually 4 winning trades, 1st trade of the day was an error.

2 open trades at the moment, Long USDJPY in the red & Short AUDUSD in the green.


Use of current leverage : 5%

Trade 8,
Entry : Short 0.01Lot GBPUSD 1.35157
Target : 1.34999 (Fibo 38.2% level)
Stop loss : 1.35501 (Major level midpoint)

Use of current leverage : 9%

Update to Trade 8 Short GBPUSD, Hit target gained +15pips.
Update to Trade 2 Long USDJPY, Hit STOP LOSS! Lose -51pips.
Update to Trade 3 Short AUDUSD, manually closed at 0.79510 gained +1pip

Reason for closing my Short AUDUSD is mainly because my Long USDJPY hit stop loss. I felt particularly unlucky. I think there is a need for me to re-assess market conditions. My initial judgement was wrong. Need to chill a bit, look thru the charts and browse thru the news for more clarity. Fortunately, i was available enough to execute some hit and run scalping trade to offset my overall risk.

The Long USDJPY losses bite a big chunk out of my overall gain. :pensive:

Trade 9,
Entry : Long 0.01 Lot NZDUSD at 0.72631
Target : 0.73101 (Fibo 38.2% level)
Sell stop order : 0.72499 (Major level midpoint)

Trade consideration,

  1. Price close to 1HR chart Swing LOW support level. Expecting a bounce.
  2. Daily average range for NZDUSD is 78pips, current daily High Low range is 76pips. Price correction expected.
  3. 1HR Awesome oscillator bearish histogram bar weakens.

Day 7

Trade 1 of the day,
Update to previous NZDUSD, position got hedge at 0.72499 level.

After reading Jerome’s Trade journal. I decide to give market profile indicator a go. And i lost 3 trade immediately. I guess my understanding of Market profile is not quite there yet.

Trade consideration, upon seeing price breached the peak of the red colour activity at 0.72730 level. i closed my 0.72499 Sell stop at 0.72761 and lost -26pips.

Trade 2, i quickly entered another Long NZDUSD at 0.72748, the next level of red peak activity was around 0.73120, but i was only aiming for 0.72901. Which got a stop loss at 0.72499.Lost -15pips I thought the price wouldn’t come back down to the support level.

Update to my Trade 9 Long NZDUSD at 0.72631 from yesterday, i place a stop loss at 0.72499 as well and got stop out as well. Lost -13pips

Total losses accrued from the 3 NZDUSD trade was -54pips.

Trade 3,
Entry : Long 0.01 Lot EURJPY at 132.458
Target : 132.901 (Immediate next major level/ red peak)
Sell stop order : 131.899 (yesterday daily LOW)

Trade 4,
Entry : Long 0.01 Lot GBPUSD at 1.34785
Target : 1.35201 (edited) (yesterday’s Highest red peak activity)
Sell stop order : 1.34499 (Immediate Major level midpoint)

The yellow colour activity represent asian session
The blue colour activity represent asian Euopean session
The red colour activity represent US session
The peak of the horizontal mountain represent highest amount of price exchange taking place. In theory a level of significant S/R. My trade consideration is base on the level being breached and aiming for the next level of S/R as target.

Trade 5,
Entry : Long 0.01 Lot NZDUSD at 0.72515
Target : 0.72901 (Immediate Major level)
Stop loss : 0.72099 (Immediate Major level)

Use of current leverage : 10%

Update to Trade 3, Long EURJPY 132.458 Position hedged at 131.899 floating loss -55pip
Update to Trade 4, Long GBPUSD 1.34785 Position hedged at 1.34499 floating loss -28pips
Update to trade 5, Long NZDUSD 0.72515 cut loss at 0.72099

Trade 6,
Entry : Long 0.01Lot GBPUSD at 1.34411
Target 1.34601 edited
Stop Loss : 1.33999

Alph, please, I’m beggin ya sit out a couple of days, you are going to hurt yourself. If you are trading 5% of total account value it is too much. Especially if you can’t see the market turn right now. And no there is no Luck, and you can’t afford “feelings”. Chill out Braugh.

The Ever In The Curl VIPER