EDGEFX's H4 Trading Journal

Hello everybody.

My name is Erik. I’ve been lurking in this forum for a while and decided I would finally register and create my own trading journal.

A little background about me. I started in 2009 but didn’t go full time until 2011. I used to trade daily time frame with success but I found it too slow especially having most of my day purely devoted to trading so I switched down to H4. My main indicators are Bollinger Band and Stochastics.

Comments and criticisms are welcome, but please no profanity. You may offend someone, even the owner. Leave your shenanigans on your own page, not on here.


My main strategy is to look for the prevailing trend on the weekly chart, then I only trade with the direction of that trend on the 4-hour chart. I don’t care about what’s going on in the daily, as there are more available trades on the shorter time frame.

This will be updated as I go on.

EG

First trade.

Bought G/U @ 1.5270; SL = 25 pips.

Pin bar formed at the swing low and at the same time price looks like it bounced off the 20 SMA.


Trade closed. 2:1 R/R; +49 pips.

Sold AUD/NZD @ 1.2295; SL = -25 pips.

Stochastics crossed down from above 40 and below both 20 SMA and 200 EMA.


SL hit; -25 pips.