I failed in my last ‘out of journal attempt’ and am revisiting my online journals. I currently journal manually, however it is very tedious and I review it less frequently. So I am resuming my journal trading Candlestick S & R on XAUUSD, GBPUSD and GBPAUD.
Maxing at 2 trades per day during the US session only.
Timeframes: 15M and H1 with reference to weekly and daily resistance levels.
Risk/Reward: Typically 1:2.5
TERMS
ZONE B BUY - Buying off/above Upper Support levels of Bullish Pattern
ZONE A BUY - Buying off Lower Support levels of Bullish Pattern
ZONE C BUY - Buying of Bearish Pattern Resistance turned Support
ZONE B SELL - Selling off/below Lower Resistance levels of Bearish Pattern
ZONE A SELL - Selling off Upper Resistance levels of Bearish Pattern
ZONE C SELL - Selling off Bullish Pattern Support turned resistance
DON’T BLOW IT! GROW IT!
1 Like
Long GA. My entry was a bit late but got in where Bullish Candlestick Pattern Support was respected.
Closed -29pips. Dipped back into buy zone and am looking to buy again. Will get a better entry.
Long GA H1 ZONE A buy. Eye on ZONE C resistance at 1.8550
Closed this GA trade for +62pips
H4 showing strong upside potential on GA. H4 Zone A support levels still being respected. Now we are getting a higher low on H4. Will see how this H4 Swing low closes and then monitor H1 and 15m for Long setups.
Signing off here for today. Will update on Gold trade later.
GM Journal. I was stopped - 16pips on the Gold short. And didn’t want to take any more trades but GA has done a whopping 190pips so far. Not sure I will trade today. Today is my reading day.
Stopped out of GA short -23pips, closed GU -16pips.
GM Journal. Eye on GU H1 Zone A buy levels at 1.3203-11
Bought GU at H1 Zone A buy levels. 15M also has Zone A buy setup, Zone C buy setup and Higher Low. Price also weak at H4 Zone A buy level.
GU long trade protected at +23pips. H4 also has Zone A buy at 1.3239
Closed trade +46pips. H4 now as a Zone a Sell setup at 1.3330. Expecting a pullback to H1 Zone C buy at 1.3254 or the H4 Zone A buy at 1.3239 up to 1.3330
Nice buy setup on 15M, in the H1 and H4 areas previously mentioned. Long GU again. Immediate resistance at 1.3276 (15M Zone A Sell). This sell area could send price back down to 1.3210 15M Zone A Buy Level.
Stopped -25pips. Will take the lower buy setup
Long GU 15M Zone A Buy levels. My last trade for today. Hope to see it run. That 1.3276 resistance (Zone A sell on 15M is still a key level so will be watching there. Protecting trade at +20-25pips.
Trade closed +21pips. Signing off
Good Morning Journal.
I am long the GU this morning. H1 Zone A Buy.
